Lotte Innovate Uses Dual Track for Data Center Business: Domestic Operations and Overseas Expansion
TECHWORLD ·
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Lotte Innovate signed a memorandum of understanding (MOU) with ITCEN CTS for the stable operation of the Ansan Global Cloud Center (GCC) and cooperation in the data center business.
Ansan GCC is a data center being developed in Ansan, Gyeonggi Province, with a scale of about 40MW and completion scheduled for 2027.
Lotte Innovate is pursuing expansion of its domestic and overseas data center business based on cooperation with Vietnam's CMC Group, the Camsquare data center outsourcing operations project, and the IGIS Asset Management edge data center DBO project.
Lotte Innovate is stepping up its data center business at home and abroad as it seeks to strengthen its growth foundation. The company is expanding its data center business in a dual-track approach that combines domestic operations and overseas expansion.
To that end, Lotte Innovate signed a memorandum of understanding (MOU) with ITCEN CTS for the stable operation of the Ansan Global Cloud Center (GCC) and future cooperation in the data center business. The agreement is aimed at ensuring the stable execution of the recently secured outsourced operation project for Ansan GCC.
The two companies plan to combine specialized personnel and IT infrastructure technology capabilities to respond to future expansion in large-scale data center projects. The agreement focuses on combining the manpower and technology needed to carry out the outsourced operation project for Ansan GCC.
According to Lotte Innovate, Ansan GCC is a data center being developed in Ansan, Gyeonggi Province. Ansan GCC is about 40MW in scale, and completion is scheduled for 2027.
Lotte Innovate also secured an operations contract for a large center to be built in Ansan. The company signed a five-year outsourcing operations contract with IGIS Asset Management and will oversee the center's overall operations.
Under the agreement, ITCEN CTS will provide specialized operations personnel and infrastructure technology support, cooperating in building a stable operating system.
The two companies plan to explore cooperation opportunities in the hyperscale and edge data center sectors through this agreement. They will also pursue joint sales and marketing and identify new business opportunities.
Lotte Innovate said it is strengthening cooperation for overseas market expansion as it broadens its domestic data center business.
On the 13th, Lotte Innovate and Vietnam's CMC Group signed a strategic memorandum of understanding. The agreement with CMC Group covers cooperation on new businesses, including hyperscale data centers. In Vietnam, the goal is to identify new business opportunities in the data center market by linking Lotte Innovate's data center design, build, and operate (DBO) capabilities with CMC Group's local business foundation.
Lotte Innovate is also continuing to expand its domestic business base. Last December, it secured a contract to operate the Camsquare data center, and in February it won the edge data center DBO project of IGIS Asset Management. More recently, it also signed an operation contract for Ansan GCC.
Lotte Innovate said data centers are a core infrastructure sector whose importance is growing as AI and cloud services spread, and added that it will seek to expand global partnerships based on its domestic project experience and operating capabilities. The company also said it plans to nurture the data center business as a mid- to long-term growth engine.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408294
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Source: TECHWORLD
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