The Marshall & Stevens 2025 Data Centers Forum brought together industry leaders to explore the forces shaping the future of digital infrastructure. The two-part series examined how energy availability, cost, and reliability have become the defining factors for data center viability and investment strategy.
Part One: “Power, Financing & Alternative Investments”, focused on financing and investor dynamics. Part Two: “Construction, Infrastructure, Energy, Cooling & Connectivity”, focused on operational innovations like modular construction, efficient cooling, and integrated energy systems.
This forum and its accompanying Industry Insights report reflect Marshall & Stevens’ commitment to advancing thought leadership in valuation and infrastructure advisory, while connecting the developers, investors, and strategists driving the next generation of data centers.
Navigating the future of Energy, Infrastructure, and Capital
Table of Contents
This page brings together the full Forum recordings, key takeaways, and a series of articles on data centers, water, infrastructure, and investment. Jump to sections on this page, or follow the links to explore each resource.
Sections
2025 Data Centers Forum Panelists
Part One
Part Two
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2025 Data Centers Forum Articles
Explore the Forum key takeaways and the series of articles that goes deeper on each major theme brought up in the forum: determining value in data centers, the intersections of land, power and value, and how to pick the right location for a data center.
Data Centers Forum Part One: Key Takeaways
The Marshall & Stevens Data Center Forum – Part ONE: Power, Financing, & Alternative Investments, explored how power, capital, and market forces are converging to shape the future of digital infrastructure. The discussion highlighted power as the ultimate constraint on growth, the financing structures fueling expansion, the rise of alternative investors—including offshore funds—and the broader trends redefining valuations and investment strategies.
Data Centers Forum Part Two: Key Takeaways
The Marshall & Stevens Data Centers Forum – Part TWO: Construction, Infrastructure, Energy, Cooling, & Connectivity, explored strategies shaping the next have of data centers. Discussions emphasized the interplay of location, energy supply, and build-to-suit models—highlighting how AI workloads and accelerated delivery timelines are reshaping industry priorities. Panelists examined financing implications, regulatory pressures, and new technologies that balance cost, resilience, and scalability in an era of unprecedented demand.
Determining Value in Data Centers
The data center industry is evolving at an unprecedented pace, driven by advancements in cloud computing, artificial intelligence, and the increasing demand for data storage and processing. As data centers expand in size and complexity, stakeholders, including investors, operators, and financial institutions, require precise valuation and advisory services to navigate this dynamic landscape.
Land, Power, and Value: Real Estate Dynamics in the Data Center Boom
The Marshall & Stevens Data Centers Forum brought together developers, investors, operators, and advisors
to examine the forces shaping digital infrastructure.
Inside the Site Race: What Developers Must Know Before Buying Data Center Land
The digital infrastructure market is entering a decisive new phase. Demand driven by AI, hyperscale cloud growth, and advanced compute workloads is pushing developers to rethink the fundamentals of where and how data centers are built.
Watch Part 1
In Part One of the Marshall & Stevens Data Center Forum, the discussion focused on how power availability is reshaping capital formation, site selection, and overall project feasibility. That session established a clear shift: data centers are now being evaluated as integrated energy and infrastructure platforms, not just real estate assets.
Watch Part 2
Part Two builds on that foundation, moving from the “power-first” thesis into execution. The conversation examines how developers and investors are addressing the practical challenges of delivering capacity—site selection, energy strategy, modular construction, supply chain constraints, and tax structuring—and how these decisions affect timelines, cost, and long-term value.
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