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Not Approved / Withdrawn

Project has not received required approvals or has been withdrawn from the approval process by the developer.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