UK data center company Kao Data has gained a new investor and renewed a power deal.

Siemens Financial Services has taken an undisclosed stake in the business, joining existing backers Goldacre, Legal & General, and Infratil. Siemens Financial Services (SFS) is the B2B financing arm of Siemens.

“This investment reflects our continued focus on digital infrastructure as a core pillar of our equity strategy, supporting the growth of AI and high-performance computing,” Siemens said in a statement.

This week, Kao also signed another renewable electricity supply agreement with Shell Energy, its fourth year of working together. Since 2022, Shell Energy has supplied Kao Data with around 140 gigawatt hours of electricity each year.

“At Kao Data, sustainability is embedded in everything we do and developing strategic relationships remains critical to help us achieve our goals,” said James Lewis, investment director at Kao Data.

“Our collaboration with Shell Energy has been instrumental in shaping our long-term energy management and decarbonization strategy. Extending this relationship enables our customers’ electricity demand to be matched with certified renewable generation from UK-based sources, reinforcing our commitment to become carbon-neutral by 2030.”

Last month, Kao scored a 22MW capacity deal from neocloud Nebius.