Hanwha Solution will acquire a stake in US startup Lancium Technologies, a data center power management company.
In order to diversify the energy business for the U.S. and Europe, the strategy is to secure power operation know-how based on information technology (IT) and establish a new business model that combines renewable energy and data centers.
Hanwha Solution announced on the 24th that it has signed a contract to invest 100 million dollars (about 120 billion won) in Lancium located in Houston, Texas, USA. With this investment, the company will secure seats on the Lancium board of directors and participate in future management.
Lancium is a power management company founded by U.S. venture capitalist Michael McNamera in 2017. This time, it attracted a total of 150 million dollars from Hanwha Solution and others to expand its business.
Lancium will build a data center in Abbey, northwest of Texas, and provide electricity produced from renewable energy such as solar and wind at an optimal price.
Major customers are IT companies that operate high performance computing equipment such as cloud services, fintech and virtual currency mining.
Reporter Lee Ji-sun stockmk2020@gmail.com
