VisionWave scraps planned Israel data center joint venture with Lucky Whale Production amid power grid curbs
VWAV•Joint venture plan dropped after due diligence
VisionWave entered a binding term sheet on June 12, 2026 with Lucky Whale Production to form a joint venture for a hyperscale Tier IV data center in Israel. It elected not to proceed with the proposed venture, ending talks on definitive agreements.
Power grid restrictions raised execution risks
The decision followed due diligence that flagged Israeli power regulators’ temporary suspension of certain new electricity-connection approvals for data centers. Management cited increased feasibility, timing, financing, and execution risks tied to electrical capacity constraints.
