Hansu-won and LH Join Hands to Develop 4 Trillion Won 'Energy Data Center Park'

Korea Hydro & Nuclear Power, Korea Land and Housing Corporation (LH), and Korea Data Center Federation signed a Memorandum of Understanding (MOU) for the development of a Green Energy Data Center Park on the afternoon of the 6th at the LH Seoul Regional Headquarters conference room. (Photo by Korea Hydro & Nuclear Power)

[Asia Economy Reporter Moon Chaeseok] Korea Hydro & Nuclear Power (KHNP) is partnering with Korea Land & Housing Corporation (LH) and the Korea Data Center Alliance to invest approximately 4 trillion won in creating a 'Green Energy Data Center Park.'

KHNP announced on the 8th that the three organizations signed a memorandum of understanding (MOU) on this matter on the 6th at LH's Seoul Regional Headquarters in Nonhyeon-dong, Seoul.

A data center is a facility that houses and operates equipment necessary for providing information technology (IT) services such as servers and networks in a single building, managing them in an integrated manner.

The main points of the MOU include ▲ joint development of a data center park (cluster complex) based on new and renewable energy ▲ cooperation on energy efficiency technologies within the cluster complex ▲ cooperation on resource recycling technologies such as waste heat ▲ cooperation in attracting and supporting data center and new renewable energy-related industries.

The Green Energy Data Center Park will consist of a data center cluster, a new and renewable energy cluster, and related industry clusters.

On the same day, KHNP and LH also signed an 'MOU for the Development of an Eco-friendly Energy Self-sufficient Future City.'

According to the agreement, the two organizations will develop a new smart city business model utilizing low-carbon and eco-friendly energy and expand its application to future LH project districts such as smart cities.

They also plan to pursue mid- to long-term cooperation, including jointly developing a new hydrogen convergence business model to revitalize the hydrogen economy.

Jung Jae-hoon, CEO of KHNP, said, "Through this agreement, we will form an organic energy-infrastructure convergence value chain based on the core competencies of each organization."

He added, "We expect to respond to the government's Green New Deal policy by fostering the related industrial ecosystem and pioneering overseas markets, thereby laying the groundwork for future growth businesses and enabling KHNP to leap forward as a comprehensive energy company."

This content was produced with the assistance of AI translation services.