Chindata Group establishes subsidiary, Chinpower, to a greener hyperscale data center industry

Rhea-AI Summary

On Feb. 3, 2021, Chindata Group (Nasdaq: CD) announced the establishment of its subsidiary Chinpower, aimed at developing innovative energy solutions for the hyperscale data center sector. This initiative targets two critical areas: accelerating the rapidly-growing digital economy and addressing climate change. The company also introduced a video showcasing the new hyper-density data center integrated energy solution, signaling its commitment to sustainability in technology.

Positive

• Establishment of Chinpower to develop innovative energy solutions.
• Focus on sustainability in the hyperscale data center sector.
• Launch of a video highlighting the next-generation energy solution.

Negative

• None.

BEIJING, Feb. 3, 2021 /PRNewswire/ -- Chindata Group (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets announced that it is officially establishing Chinpower as its business subsidiary to develop a brand-new energy solution for the hyperscale data center industry.

Chindata Group launched a video focusing on its next-generation hyper-density data center integrated energy solution, a Chinpower solution to both supporting the rapidly-growing digital economy and addressing climate change.

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SOURCE Chindata Group