CoreWeave Kenilworth AI Data Center Campus

CoreWeave-controlled portion of NEST: NEST 11 conversion plus adjacent expansion land; not the entire former Merck/NEST campus. CoreWeave Kenilworth AI Data Center Campus is in Kenilworth, NJ, US and is a data center campus with under construction status. Participants include CoreWeave, Inc. as developer, CoreWeave, Inc. as operator, Public Service Electric & Gas as utility provider, CW Grosbeaks NEST Urban Renewal LLC as developer. Published specifications include 42 MW planned capacity, 100 MW future potential. Development comprises NEST 11 conversion and expansion within qualified facility (under construction), Adjacent 27-acre future expansion (planned). Key milestones include Planning Board considers major subdivision. (2026-04-28) and Subdivision resolution appears on Planning Board agenda. (2026-06-23). electric substation — 50 MW: Former NEST host-campus substation context; not full CoreWeave allocation. backup generation — 31 generators: Standby-generator field for NEST 11; emissions permits and ratings remain open. Permitting includes site plan application 25-003 for NEST 11 data center (approved) and preliminary and final site plan application 25-004 for PSE&G-operated substation (approved). Capital records include real estate acquisition consideration of 322000000 USD for Purchase of NEST 11 and adjacent 27 acres; separate from construction capex and tax credit. Incentives include next new jersey program-aI tax credit (approved conditional) for USD50 million per year for first five years, USD250 million total, conditioned on ten-year New Jersey commitment and program compliance.