SEOUL, April 22 (AJP) - HD Hyundai Heavy Industries has signed a mega contract to supply power-generation equipment to U.S. energy solutions company Aperion Energy Group, the shipbuilder said on Wednesday.
Under the contract, worth 627.1 billion Korean won (US$424 million), which is the largest of its kind the shipbuilder has ever signed, the equipment with a total capacity of 684 megawatts based on its HiMSEN engines will be installed at the Texas-based company's data center, where a stable supply of large-scale electricity is required.
The latest contract marks HD Hyundai Heavy Industries' entry into the U.S. market, where the rapid growth of artificial intelligence (AI)-related services and cloud computing has fueled surging demand for reliable, large-scale data centers.
"We believe the contract will be a great stepping stone for us in establishing our presence in the North American market," said Han Ju-seok, an HD Hyundai Heavy Industries executive. "We will further expand our business portfolio beyond data centers."
According to a recent forecast by the International Energy Agency (IEA), U.S. electricity demand is expected to keep rising through 2030, with about half of the increase attributed to the rapid expansion of data centers.
Under the contract, worth 627.1 billion Korean won (US$424 million), which is the largest of its kind the shipbuilder has ever signed, the equipment with a total capacity of 684 megawatts based on its HiMSEN engines will be installed at the Texas-based company's data center, where a stable supply of large-scale electricity is required.
The latest contract marks HD Hyundai Heavy Industries' entry into the U.S. market, where the rapid growth of artificial intelligence (AI)-related services and cloud computing has fueled surging demand for reliable, large-scale data centers.
"We believe the contract will be a great stepping stone for us in establishing our presence in the North American market," said Han Ju-seok, an HD Hyundai Heavy Industries executive. "We will further expand our business portfolio beyond data centers."
According to a recent forecast by the International Energy Agency (IEA), U.S. electricity demand is expected to keep rising through 2030, with about half of the increase attributed to the rapid expansion of data centers.
Copyright ⓒ Aju Press All rights reserved.
