Penzance Announces $4 Billion Data Center Campus in West Virginia
BERKELEY COUNTY, W.V. (Mar. 5, 2026) — Real estate development firm Penzance Management has announced plans to invest $4 billion to develop a large-scale data center campus in Berkeley County, positioning West Virginia to compete for next-generation investments in artificial intelligence, cloud computing, and digital infrastructure.
The proposed Bedington Campus will be located on 548 acres in the Falling Waters District near the Potomac River in the state’s eastern panhandle, close to the Maryland border. At full build-out, the project will span approximately 1.9 million square feet and deliver 600 megawatts of critical IT capacity, making it one of the largest digital infrastructure developments ever announced in the state.
State leaders say the project represents a major step forward in West Virginia’s effort to expand its presence in the global technology economy.
Source: Penzance Announces $4 Billion Data Center Campus in West Virginia - Expansion Solutions
“This $4 billion investment is a historic win that proves West Virginia can compete at the highest level for the global tech economy,” said West Virginia Governor Patrick Morrisey. “By earning the state’s first High Impact Intelligence Center designation, this project positions the Mountain State as a growing hub for artificial intelligence and cloud computing while generating new economic opportunities for our communities.”
Strengthening West Virginia’s Digital Infrastructure Economy
The Bedington Campus has been designated as a High Impact Intelligence Center, a new classification created to attract major technology and data infrastructure projects to the state.
The project is supported by recently enacted legislation, including the Power Generation and Consumption Act and House Bill 2002, which were designed to streamline development approvals, expand microgrid capabilities, and allow companies to access reliable energy resources such as coal, natural gas, and other power generation assets.
Penzance leadership said the state’s policy environment and access to energy resources played a major role in the company’s decision.
“West Virginia has created a truly business-friendly environment for companies investing in digital infrastructure,” said Victor Tolkan, founder and managing partner of Penzance. “We look forward to building a strong partnership with Berkeley County, the West Virginia Department of Commerce, and state leadership as we develop this project.”
Tolkan added that the state’s economic development strategy is positioning West Virginia as a potential leader in the rapidly expanding data economy.
Strategic Location in the Mid-Atlantic
Berkeley County is located in the Shenandoah Valley region of West Virginia’s eastern panhandle, within close proximity to major technology markets in Northern Virginia, Maryland, and Washington, D.C.
The region has become increasingly attractive for data center development due to its access to land, energy infrastructure, and proximity to the world’s largest concentration of data centers in Northern Virginia.
Local leaders say the project could bring significant economic benefits to the region.
“Following productive discussions with project leadership and state officials, we are very optimistic about this development,” said Eddie Gochenour, president of the Berkeley County Commission. “We have also identified opportunities to utilize reclaimed water for the facility, which could reduce operational costs while protecting valuable natural resources.”
Growing Data Center Investment in West Virginia
Founded in 1996, Penzance develops residential, industrial, office, and data center projects throughout the Mid-Atlantic region. The company currently owns multiple office and industrial properties in the greater Washington, D.C. area and is also developing a data center project in Fairfax County, Virginia, which is expected to be leased to Amazon.
While West Virginia’s data center market is still emerging, several large-scale projects are being explored across the state as technology companies look for new locations with reliable power, available land, and supportive regulatory environments.
If fully realized, the Bedington Campus would significantly expand West Virginia’s presence in the digital infrastructure sector and help position the state as a competitive destination for AI and cloud computing investment.