Customer proposal · C-01

Customer Proposal

Capacity on a site that already has power. Reserved critical IT load, priced per kilowatt month on the instrument you already sign. What changes is where the load sits and what leaves the building with the heat. Two units of sale: a 1.25 MW pod inside an energised industrial partner site, and a 10 to 45 MW liquid cooled facility.

USD 154Per kW per month, power excluded and passed through at cost

48+ monthsAverage primary market grid connection wait. We are not in that queue

Below 0.5Energy reuse, reported alongside a 1.12 PUE design point and never instead of it

What you sign, in order, one mark per document

Mutual NDA, before anything else Capacity and data request, then site return Heads of terms, master agreement, service order, onboarding

Track A: 1.25 MW IT load pod, repeatable
Track B: 10 to 45 MW liquid cooled facility
Rate: USD 154 per kW month, power excluded
Term: 15 years, 3.0 percent fixed escalator
Density: 50 kW to above 100 kW per rack position
Revision: A

The Offer

You buy reserved critical IT load in megawatts, priced per kilowatt per month, modified gross plus electric, with metered power passed through at cost. That is the instrument your existing colocation and wholesale agreements already run on. Nothing about how you contract has to change. What changes is where the load sits, how quickly it can be energised, and what leaves the building with the heat.

Two units of sale sit inside the same architecture. Track A is a 1.25 MW IT load pod delivered to an operating industrial or municipal partner facility and tied in behind an existing meter. It repeats on one partner interface until the site is full, so the increment is small and the ceiling is whatever the partner can carry.

Track B is a 10 to 45 MW liquid cooled facility, contracted in halls or suites, with the full security, certification and carrier furniture a regulated buyer expects around the capacity it takes.

Both are direct liquid cooled to the cold plate at a capture fraction of 0.85, on a facility loop at 32 °C flow (90 °F) and 42 °C return (108 °F). Both reject the full duty through a dry cooler field that carries the load on its own, so recovered heat is upside and never a condition of your availability.

Power for the compute load is bought at the site price and passed through at cost. We take no margin on the energy line. It moves with the site rather than with us.

The two tracks, side by side, on the same architecture

Metric first with imperial in brackets throughout this document. Track B figures are design position; the pod figures follow the design record.
Element	Track A, the pod	Track B, the facility	Common to both
Unit of sale	1.25 MW IT load per pod, thirteen rack positions	10 to 45 MW IT load, taken in tranches of roughly 1 to 5 MW	Reserved critical IT load in MW, priced per kW month
Cooling	Direct liquid to the cold plate, 0.85 capture	Same architecture at hall scale	32 °C flow (90 °F), 42 °C return (108 °F), 10 K rise
Heat rejection	Dry cooler field carries the whole duty alone	Dry cooler field carries the whole duty alone	Recovered heat is upside, never a dependency
Siting	Behind an existing meter at a partner already carrying firm load	A shell on or adjacent to a partner parcel	Energised site, not a queue position
Facility furniture	Partner site security, module certification, one defined network handoff	Four layer security, carrier neutral meet me room, full certification stack	Component level service level in both cases
Energy margin	Zero	Zero	Pass through at the site price

Reserved critical IT load in megawatts, priced per kilowatt month. The instrument does not change. The site underneath it does.

Speed to Power

Speed to power is now the first criterion in site selection, ahead of community support, latency and proximity to customers. Power availability rather than capital is the principal constraint, and a will serve letter is not powered land. MicroLink starts at a tie in to a partner that is already carrying firm load, so no interconnection application opens at any step.

48+Months average primary market grid connection wait, five to six years in constrained submarkets

1.6 pctNorth American colocation vacancy, a record low

73 pctOf the North American pipeline pre leased before completion

Under 200 mBuried soft dig from the tie in point (656 ft)

Critical path, new build against behind the meter

What is not on the critical path

No interconnection queue position
No load study on a utility timetable
No upgrade scope to negotiate
No transformer on a 128 week lead time
No new large load connection request

What is

The site survey and the data request
Partner capacity confirmed deliverable
Module build and delivery
Tie in and commissioning
Your own hardware lead times

What we need from you

Capacity required in MW
The date it has to be live
Rack density and platform
The market or region it has to sit in
Any residency or certification constraint

A queue position is not capacity and a will serve letter is not powered land. The only schedule that binds here is the survey, the module build and your own hardware.

Technical Requirements

Direct liquid cooling to the cold plate at a capture fraction of 0.85. Facility loop at 32 °C flow (90 °F) and 42 °C return (108 °F) on a 10 K rise, inside the supply window the current rack scale platform specifies. Busway distribution at row level rather than a power distribution unit per rack. Structural design to the concentrated rack case.

1.29 MWthRejection duty at 1.25 MW IT load, carried in full by the dry cooler field alone

0.85Liquid capture fraction to the cold plate

10 KLoop rise, 32 °C flow and 42 °C return

480 VThree phase, single point of connection

S-303 Thermal chain from cold plate to rejection and to the partner

Heat leaves by one of two routes and both are built. The dry cooler field carries the whole duty on its own, so partner thermal demand is upside rather than a dependency in your availability calculation.

Service Level

A Tier label certifies a design. The contract is what binds operations. The service level here is written per component class, with penalties attaching to the liquid cooling circuits by name rather than only to the electrical path, because a synchronised training run does not fail gracefully. It goes back to the last checkpoint.

What is covered, how it is written, and why

Component level availability, N+1 on the direct liquid cooling circuits, penalties on cooling, and MTTR in writing are the four elements current AI colocation practice treats as the minimum defensible set.
Element	Posture	Why it is written this way
Electrical path	99.982 percent	Power is responsible for 45 percent of serious outages in the published outage analysis. Tier III equivalence is 99.982 percent, or 1.6 hours a year.
Liquid cooling circuits	N+1 explicit	Penalties attach to the cooling circuits by name. A liquid cooled hall fails differently from an air cooled one and the contract has to say so.
Block exclusivity	Dedicated	IT power guaranteed in kilowatts, not in rack equivalents. No resource contention with another tenant during a demand squeeze.
Mean time to repair	In writing	Stated per component class rather than as a single facility number.
Partner heat demand	Not a dependency	Deliberately outside your service level. The dry cooler field carries full duty whether the partner takes heat or not.
Density overrun	Written	Clause already standard in the market

Commercial Terms

USD 154 per kilowatt per month, power excluded, on a 15 year base term with a 3.0 percent fixed escalator. That is the MicroLink reference of USD 1.85M per MW of IT per year expressed per kilowatt month. Market figures below are asking rates rather than transacted rates, and vary by market and by deployment size.

USD per kW per month, against the published market bands

Per kW per month, scale 0 to 400

MicroLink

154

Hyperscale

100 to 150

Wholesale colo

150 to 250

Retail colo

200 to 400

US wholesale average 195.94, CBRE H2 2025

Commercial terms against the 2026 market standard

Rate excludes power in every line above. PUE cap: market leases cap tenant exposure at 1.3 to 1.4 and put the excess on the landlord. The design point is 1.12, so the cap is not the binding term in this deal.
Term	MicroLink	Bracket	Market position
Rate	USD 154 per kW month	Wholesale	Wholesale colocation asks 150 to 250. Hyperscale asks 100 to 150. The US wholesale average was 195.94 in H2 2025.
Power	Pass through at cost	Modified gross plus electric	Operators typically bill a markup over their own wholesale energy cost. Electricity related charges are 30 to 50 percent of colocation revenue.
Tenor	15 years	Anchor	Wholesale and hyperscale anchor leases run 10 to 15 years.
Escalator	3.0 percent fixed	Fixed	Market is index linked or fixed at 3 to 4 percent on long terms.
Increment	1.25 MW per pod, or 1 to 5 MW tranches in a facility	250 kW to 4 MW	AI campus leases contract at 100 to 300 MW and the unit repeats to reach them.
Structure	Power floor, take or pay	Standard	Base rent anchored to reserved MW from the end of a defined ramp, with termination economics tied to the net present value of remaining rent.
Our margin on energy	Zero	At the site price	Power reaches you at what the site pays. It moves with the site rather than with us.

Seventy to eighty percent of operator revenue is base rent on reserved capacity. Fifteen to twenty percent is metered power, where operators typically take a markup. We take none.

Efficiency and Reuse Reporting

Everyone quotes PUE, and a conventional hall can reach a competitive one. It cannot report an energy reuse figure at all, because it has nowhere to send the heat. Where you operate in Europe that is already a compliance line. Where you operate in the United States it is the disclosure your competitors will be asked about next.

1.12PUE design point, against market lease caps written at 1.3 to 1.4

Below 0.5Energy reuse effectiveness, reported alongside PUE and never instead of it

EN 1434Metering basis. Delivered heat measured and settled

50600-4-6DIN EN reuse fraction definition, so the claim is auditable

Reuse is already regulated where you operate

The metric named in the standards and in the German regulation is the energy reuse factor. ERE is reported alongside PUE in MicroLink material; where a regulator asks for ERF, the same metered basis produces it.
Jurisdiction	Requirement	Threshold	From
Germany, EnEfG section 11	Energy reuse factor, new data centers	10 percent	July 2026
Germany, EnEfG section 11	Energy reuse factor	15 percent	July 2027
Germany, EnEfG section 11	Energy reuse factor	20 percent	July 2028
Germany, EnEfG section 11	PUE ceiling	1.2	July 2026
Germany, EnEfG section 11	Renewable supply	100 percent	January 2027
European Union	Energy Efficiency Directive recast, waste heat recovery at 1 MW and above, or a demonstration that it is not technically feasible	In force	Member state transposition

A reuse figure is only worth reporting if it survives diligence. Delivered heat is metered on EN 1434 and the reuse fraction is defined by DIN EN 50600-4-6, so the number holds in a diligence pack rather than only in a press release.

Facility Standards

If your capacity carries a regulator, an auditor or a card scheme behind it, the questions arrive before the rate does. This section states what the 10 to 45 MW facility carries in full, and what a pod inside a partner site carries instead, without pretending the two are the same.

Physical security, treated as four layers

Surveillance sits across all four: behaviour analytics, object and vehicle recognition at the gates, thermal and 4K imaging, automated alerting into a security operations centre, and a stated video retention period.
Layer	What sits in it	Track A, the pod
Perimeter and site	Multi layer fencing and anti climb barriers, thermal perimeter cameras and ground radar, crash rated gates and bollards, 24/7 guardhouse patrols, integrated security lighting	The partner's own site regime
Building	Concentric zoning from public through reception, controlled, secure operations and critical infrastructure to white space, with active authentication at every transition boundary	Not available inside a partner building
Identity and access	Biometric and facial recognition, multi factor by card, PIN and biometric, role based and time bound permissions, an audit trail for every door cycle, escort policy	Module level access control and logging
Data hall and rack	Dual authentication mantraps at hall entry, customer cages and isolated private suites, electronic cabinet locks, cabinet access logging, continuous tamper detection	Cabinet locking, access logging and tamper detection

Certification stack

ISO 27001, information security
ISO 22301, business continuity
ISO 9001, quality management
SOC 2 Type II
PCI DSS readiness
NIST cybersecurity framework
SWIFT customer security programme
Data residency stated per site

Fire and environment

Very early smoke detection, plus ceiling and under floor detectors
Physical fire zoning and compartmentation
Double interlock pre action, zero residue clean agent
Emergency smoke extraction, continuous monitoring
NFPA 75
Temperature, humidity, power quality, smoke
Flood and leak detection on the liquid path

Network and isolation

Carrier neutral core, multiple dedicated carriers
Dark fibre routing and duct ownership options
Private tunnels, your own equipment and topology
Management and production separation
Out of band management
Firewalls with intrusion detection and prevention
Micro segmentation and denial of service protection

Two lenses, and which one this proposal is written to

Track A serves the hyperscale lens cleanly. Whether it serves an enterprise lens buyer without a guardhouse, a meet me room and a mantrap sequence is stated here as an open question rather than claimed either way.
Lens	What you are buying	What the agreement carries
Hyperscale	Infrastructure as a controlled asset. Contiguous space, raw density, dark fibre and duct ownership, no bottlenecks	Power floor, ramp with hard dates, expansion options, density overrun, cross connect
Enterprise	Infrastructure as a managed risk. A single point of accountability, turnkey capacity and an uptime guarantee	All of the above plus the security schedule, the certification schedule, residency and continuity

A pod is one envelope inside somebody else's building. It cannot offer a reception zone or a meet me room, and this document does not claim it can. What it offers instead is module level certification, cabinet level control and a single defined network handoff.

Scale

The pod is not a competitor to a campus lease. It is the unit that lands inside an energised site while a campus is still in a queue, and it repeats on the same partner interface and the same thermal architecture until the site is full. Nothing about the design changes between one pod and the campus that follows it. What changes is how many sit on the slab.

Scale ladder, one thermal architecture throughout

The community position, and what each claim rests on

These are the four claims that survive diligence, and they are the sentences a policy team can use in a planning hearing.
Claim	Evidence	What it rests on
No new demand on the grid	Behind the meter	Capacity sits behind an existing meter rather than arriving as a new large load connection request.
Gas displaced on site	Metered	Delivered heat replaces combustion at the partner, measured and settled on EN 1434.
An industrial site stays open	Per partner	The thermal payment lands on the partner's operating cost rather than on a landowner's rent.
Reported on a standard	DIN EN 50600-4-6	The reuse fraction is defined and auditable, so the claim holds in a diligence pack.

Basis and Sequence

Bring the megawatts and the date. We come back with the sites that hold it, the rate at your term, and the reuse figure you get to report. Nothing beyond the mutual non disclosure agreement is signed before that return exists.

The document chain

C-04: Mutual NDA. The first and only document signed before the capacity return.
C-02: Capacity and data request. A fixed list, so every requirement is assessed on the same basis.
C-05: Heads of terms. Sets the shape of everything below it before any of it is drafted.
C-10: Master services agreement. Signed once, solution agnostic, carrying definitions, liability, insurance, data and term.
C-11: Service order. Per deployment. Reserved MW, rate, term, escalator, ramp tranches with dates, site, density and platform.
C-12: Onboarding document. Access, remote hands, change control, escalation, acceptance testing, delivery logistics.

Schedules hang off the master agreement and are selected per track: service levels, security and compliance, thermal and reuse reporting, metering and billing.

Sequence to live

01: You send capacity in MW, the live date, rack density and platform, the market it has to sit in, and any residency or certification constraint.
02: We return candidate partner sites with metered thermal demand, the tie in position, the rate at your term, and the reuse figure each site supports.
03: Site qualification against the fixed data request, and the partner interface specification is issued.
04: Capacity contracted at design freeze, on the master agreement and a service order.
05: Build, tie in, commission, acceptance test, live.

What is stated and what is not

Track A figures follow the design record. Track B figures are design position rather than delivered precedent, and are marked as such wherever they appear. MicroLink holds no letter of intent at any site and is not in pre construction; site status is confirmed partner interest.

Rate is the MicroLink reference of USD 1.85M per MW of IT per year expressed per kilowatt month, power excluded in every line.
Market rate brackets and the US wholesale average of 195.94 are CBRE H2 2025 asking rates rather than transacted rates, and vary by market and by deployment size.
Speed to power, vacancy at 1.6 percent and the 73 percent pre lease figure are per the published 2026 outlooks. Tier III equivalence at 99.982 percent and the 45 percent power share of serious outages are per the published outage analysis.
Reuse thresholds are as adopted in the German Energy Efficiency Act and the recast EU Energy Efficiency Directive. The metric named in the standards and the regulation is the energy reuse factor.
Facility security, certification, fire, environmental and network content in section 07 states the market expectation set for a facility of this size. It applies in full to track B. Track A positions are stated separately in the same tables.

Next Steps

You sign the instrument you already sign, at a rate inside the wholesale band, with the energy line taken out of our margin. What you get that a conventional hall cannot give you is a live date that does not depend on a queue, and a reuse figure you get to report. Bring the megawatts and the date.