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Stream Data Centers Acquires Property in Amherst, NY

  //science-technology.news-articles.net/content/2 .. ata-centers-acquires-property-in-amherst-ny.html
  Published in Science and Technology on Saturday, February 28th 2026 at 7:00 GMT by The Daily News Online
      Locales: New York, UNITED STATES

AMHERST, NY - February 28th, 2026 - Western New York is poised to become a burgeoning hub for data center infrastructure as Stream U.S. Data Centers announced its acquisition of a key property from Plug Power in the Stamp Business Park in Amherst. This investment marks a significant expansion for Stream and signals growing confidence in the region's potential for technological advancement and economic growth.

The deal, while specifics remain undisclosed, centers around Stream's ambition to develop a large-scale data center campus. Stream U.S. Data Centers, a prominent national provider of industrial real estate solutions, is rapidly diversifying into the critical data center market, recognizing the escalating demand fueled by cloud computing, artificial intelligence, and the ever-increasing reliance on digital services.

Importantly, the agreement includes a leaseback arrangement with Plug Power, allowing the green hydrogen and fuel cell technology company to continue operations at its existing facility. This pragmatic approach ensures business continuity for Plug Power while simultaneously enabling Stream to begin the complex process of constructing the necessary infrastructure for a modern, high-capacity data center campus. This co-existence highlights a synergistic relationship - Plug Power benefits from continued operation and contributes to the region's tech profile, while Stream gains a foothold in a strategically valuable location.

"We're excited to partner with Stream and bring their data center expertise to Western New York," stated a Plug Power spokesperson. "This agreement allows us to continue operating from our current location while supporting the region's growth in the technology sector." The statement underscores Plug Power's willingness to embrace collaborative opportunities and contribute to the broader technological ecosystem of the area.

Local officials are enthusiastically welcoming the project. Town of Amherst Supervisor Brian Panek described the investment as "a great day for Amherst and for Western New York," emphasizing the positive impact Stream U.S. Data Centers will have on the community. The projected job creation and economic stimulus are considerable, offering a welcome boost to the local economy.

The Rise of Data Centers and Why Western New York?

The demand for data centers is exploding globally, driven by several converging factors. The proliferation of cloud-based services, from streaming entertainment to essential business applications, requires massive data storage and processing capabilities. The accelerating adoption of artificial intelligence (AI) and machine learning (ML) further intensifies this demand, as these technologies are data-hungry by nature. Furthermore, the growth of the Internet of Things (IoT), connecting billions of devices, generates a constant stream of data needing secure and reliable storage.

So, why Western New York? Several key factors are contributing to the region's attractiveness for data center development. Firstly, the relatively affordable land costs compared to major metropolitan areas like New York City or Silicon Valley make it an economically viable location. Secondly, New York State has historically invested in reliable and affordable power infrastructure, a critical requirement for data centers, which consume vast amounts of energy. Finally, Western New York's strategic location provides excellent connectivity to major fiber optic networks, ensuring low latency and high bandwidth - essential for data transmission.

Economic Implications and Future Growth

The Stream U.S. Data Centers campus is expected to bring hundreds of jobs to the region, encompassing roles in construction, data center operations, IT support, and related industries. Beyond direct employment, the project will likely stimulate growth in ancillary businesses, such as network engineering, security services, and logistics.

The arrival of Stream U.S. Data Centers could also attract other tech companies and investment to Western New York, fostering a more robust and diversified economy. It could position the region as a significant player in the data center market, potentially leading to the development of a dedicated technology corridor. The existing presence of Plug Power, a leader in green hydrogen technology, adds another layer of technological depth to the region.

Stream's existing portfolio serves a diverse range of industries, including cloud providers, financial institutions, and healthcare organizations. The Amherst campus is likely to cater to a similar clientele, serving as a critical infrastructure hub for businesses operating in these sectors. The company is known for building modern, efficient, and highly secure data centers, utilizing the latest technologies in power management, cooling, and security systems.

The investment by Stream U.S. Data Centers is not just a local win; it's a testament to the growing importance of data infrastructure in the 21st century and a strong indicator of Western New York's potential to become a key player in the digital economy.