> For the complete documentation index, see [llms.txt](https://knowledge.aterio.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://knowledge.aterio.io/data-products/data-centers/our-modeling-approach/project-stage-definitions.md).

# Project Stage Definitions

A guide to how Aterio classifies data center projects across their development lifecycle.

***Announcement***

Project has been publicly announced, filed, permitted, or otherwise identified, but no construction activity has been confirmed.

***Construction***

Construction activity has been confirmed through satellite imagery, permits, filings, or public disclosures. This can include early-stage site clearing, grading, foundations, vertical construction, or equipment installation.

***Land Bank***

Land has been acquired or controlled for potential future data center development, but there are no confirmed near-term construction plans.

***Not Approved / Withdrawn***

Project has not received required approvals or has been withdrawn from the approval process by the developer.

***Cancelled***

Project has been formally cancelled by the developer or is no longer expected to move forward, even though initial groundwork or construction progressed.

***Delayed***

Project remains active but has experienced material delays relative to expected development timelines, based on construction progress, public disclosures, or other available evidence.

***Active***

Facility is operational or in final commissioning stages with critical infrastructure installed and capacity expected to be available for use.


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