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.
News Market Reaction
On the day this news was published, CD gained 4.55%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
SOURCE Chindata Group
