Home / Business and Economy / SLB Builds Meta Data Centers: Energy Giant's New Frontier
SLB Builds Meta Data Centers: Energy Giant's New Frontier
25 Oct
Summary
- SLB is constructing a new data center facility in Canada for Meta.
- The Canadian site will assemble and install modular components for Meta.
- This move expands SLB's business into digital infrastructure beyond oilfield services.
SLB, a US-based energy services provider, is expanding its operations by launching a new data center infrastructure facility in Canada. This facility will serve Meta as a modular partner, handling offsite assembly, installation, and commissioning of components for Meta's data centers. This strategic move diversifies SLB's business, extending its expertise from traditional oilfield services into the critical digital infrastructure sector, driven by increasing hyperscale demand.
The Canadian facility leverages SLB's experience in large-scale industrial projects, applying it to modular data center construction. This venture positions SLB to support the physical build-out behind cloud and AI demand. The company targets significant revenue and adjusted EBITDA from its Data Center Solutions business, with projections of US$4.5b to US$5.0b in data center revenue and US$700m to US$800m in adjusted EBITDA by 2028.
Investors will be watching SLB's upcoming quarterly reports for disclosures on its Data Center Solutions backlog, particularly any related to Meta and other hyperscalers. The margin impact of ramp-up costs will also be a key indicator. Progress towards the Canadian facility's planned opening in the first half of 2027 will signal SLB's ability to meet project milestones on time and maintain cost discipline.
