Aston Power, a provider of integrated large-scale power delivery solutions for data centers, announced a $20 million funding round led by TDK Ventures and Building Ventures, with participation from JLL Spark Global Ventures and other investors.
The investment includes strategic backing from TDK Ventures and JLL Spark Global Ventures, the corporate venture arms of TDK and JLL, respectively. The financing is intended to help Aston scale operations and capitalize on rising demand for power infrastructure as AI development and growing grid constraints place increasing pressure on traditional utility systems.
Founded in 2022 and headquartered in Raleigh, North Carolina, Aston Power provides coordinated power delivery solutions across generation, transmission, firming, and delivery infrastructure. The company aims to simplify deployment and improve reliability for large-scale industrial and AI infrastructure projects by offering customers a comprehensive approach to securing power.
As demand for AI infrastructure accelerates, many utilities are struggling to provide sufficient power quickly enough, leading large industrial customers and data center operators to seek alternative solutions. Aston’s model is designed to help customers secure reliable power with greater speed, predictability, and operational simplicity.
The company currently has a service pipeline representing approximately 2 gigawatts of power capacity and is supporting data center projects in Arizona, New Mexico, and Texas.
The investment highlights a broader shift toward infrastructure-intensive approaches to power delivery as energy-intensive industries seek faster and more reliable access to electricity.
KEY QUOTES:
“AI is changing infrastructure requirements faster than the traditional power industry can keep up. The volume of requests we get from data center developers and infrastructure investors keeps validating the need for a full-stack solution. These strategic investments from JLL and TDK accelerate our ability to scale, expand our geographic footprint and deliver a total power solution to more projects.”
Greg Robinson, Co-Founder and CEO of Aston Power
“AI infrastructure growth is creating entirely new pressures on energy and industrial systems. What stood out to us about Aston is their focus on solving the coordination and deployment challenges that increasingly determine whether large-scale projects can get built at all.”
David Delfassy, Investment Director at TDK Ventures
“We continue to hear from operators, developers, general contractors, and companies on the ground that power availability is one of biggest factors in determining where projects get built, how fast they can scale, and whether the often compressed timelines are possible. The future of data center development will increasingly hinge on access to sufficient reliable power, and Aston’s resilient, optimized solution answers this industry-wide problem.”
Jesse Devitte, Co-Founder and General Partner at Building Ventures
“The power crisis facing large industrial demand is the defining infrastructure challenge of this era, and Aston is solving the hardest part of that problem at a scale no one else is. Their ability to bring our clients to power years ahead of conventional timelines gives JLL a meaningful edge in winning and serving the largest energy demand clients.”
Ajey Kaushal, Principal at JLL Spark Global Ventures
