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

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.

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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.

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News Market Reaction – CD

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02/03/2021 - 10:11 PM

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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/chindata-group-establishes-subsidiary-chinpower-to-a-greener-hyperscale-data-center-industry-301221846.html