Troutman Pepper Locke Advises Colt Technology Services on Sale of Data Centers
Industry
Data Centers
Data center clients face a convergence of pressures — surging AI demand, constrained interconnection queues, evolving regulatory requirements, and intense competition for sites and power. At the center of that convergence sit two disciplines where Troutman Pepper Locke has been nationally ranked for more than a decade: a real estate practice holding Tier 1 Best Law Firms® recognition since 2013, and an energy industry group named several times as #1 in the country and consistently ranked by Chambers and Legal 500 across transactional, regulatory, and litigation capabilities. That pairing anchors our data center practice and shapes how we staff every matter, giving clients a single team that can move a project from site control to power procurement without handing work off.
Our dedicated data center team also draws on attorneys across corporate, finance, environmental, tax, and regulatory practices. As data center lawyers, we represent multinational technology companies, global data center developers and operators, renewable and conventional energy generators, infrastructure funds, and utility providers — seamless, coordinated counsel from site selection through disposition. With 120+ years of client service and a national presence, we deliver the depth and speed our clients need to compete in one of the fastest-moving markets in the world.
Powering the Future — Large Loads, AI, and Emerging Technology
AI workloads are on track to account for half of total data center demand — requiring power densities up to 10 times those of traditional server deployments — in just a few years, and in 2030, data centers are projected to require $6.7 trillion in global investment, with $2.7 trillion of that in the U.S. alone. These dynamics have elevated energy procurement, interconnection strategy, and regulatory engagement from back-office functions into front-line competitive differentiators.
Regulators at the Federal Energy Regulatory Commission (FERC), the Regional Transmission Organizations (RTOs), and state commissions are actively reshaping the rules around large-load interconnection, cost allocation, and energy procurement — and the pace of change shows no sign of slowing. Our clients benefit from a team with deep roots in these proceedings, capable of anticipating regulatory shifts and structuring transactions that remain sound as the landscape evolves.
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Speaking Engagements
Infocast PowerUp Data Centers – Investment Summit
October 27 – 29, 2026
Hilton McLean Tysons Corner
7920 Jones Branch Drive, McLean, VA 22102
Articles + Publications
Governor Abbott Directs TCEQ to Halt All Data Center Permits Pending ERCOT/TWDB Audits
September 22, 2026
Press Coverage
Texas ‘AI Epicentre’ Pauses Data Center Connections as ERCOT Queue Tops 1,800 Projects and 474GW
August 12, 2026
Press Coverage
Data Center Backlash Widens as Texas Freezes 474 GW Grid Queue
August 12, 2026




