As artificial intelligence and data center development continue to grow in importance within the real estate marketplace, one company is looking to capitalize on the need for power.
CIM Group plans to launch a national power platform, Permanent Power Co., to invest in rural qualified opportunity zones, the firm announced on Friday. 
With the move, the Los Angeles-based firm will consolidate its operations in solar generation, energy storage, transmission infrastructure and development projects under one umbrella.
Permanent Power Co. currently has one solar project under construction, known as the Grape project, and another construction-ready project named Daylight. Both projects are located within a 20,000-acre solar…