Chindata Group Signs China’s First Super Energy Complex Project to Develop a Zero-Carbon Digital Infrastructure Industry Chain

Rhea-AI Summary

Chindata Group (NASDAQ: CD) has signed a strategic agreement with the Datong municipal government for a zero-carbon digital infrastructure project named PEACH BLOSSOM LAND in Datong, Shanxi province. This initiative aims to develop a hyperscale green data center cluster, leveraging the region's energy resources to support various zero-carbon service scenarios including renewable energy storage and smart agricultural technologies. The project is expected to significantly boost local GDP and transform service industries through green energy utilization.

Positive

• Strategic partnership with Datong government for zero-carbon digital infrastructure.
• Development of a hyperscale green data center cluster enhancing local economy.
• Contribution to GDP increase through energy-driven digital infrastructure.
• Focus on renewable energy and smart city initiatives, enhancing sustainability.

Negative

• None.

DATONG, China, June 30, 2021 (GLOBE NEWSWIRE) -- Chindata Group (NASDAQ: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, signed a strategic agreement on a zero-carbon digital infrastructure project with Datong municipal government.

The first-of-its-kind project, dubbed PEACH BLOSSOM LAND, is located in Datong, North China’s Shanxi province, an emerging city in China’s digital economy development. Relying on rich energy resources in Datong and network advantages under the strategy of “Eastern Data and Western Computing” initiated by China’s top regulatory and policymaking agencies, Chindata Group strives to build a zero-carbon digital infrastructure industry cluster with the next-generation hyperscale green data centers as its core business, and comprehensive development, equipment manufacturing and energy service as its key supporting parts. It will work together with ecosystem partners to develop China's first super energy complex that empowers smart cities and other scenarios. Chindata Group will make itself as a new resident in Datong, a green energy city, to achieve the whole industrial chain with carbon-free emissions.

The project will connect the high-performance computing power digital infrastructure to various zero-carbon service scenarios such as public renewable energy storage, snow sports in the cities, cold chain logistics, the cooling resource supply, the smart temperature control technology in the agricultural industry, and the municipal heating system. Alex Ju, Founder and CEO of Chindata Group said it expects to form a new industry which boosts the transformation of the service industry in a city abundant with green energy, making the energy-driven digital infrastructure into an industry which will empower the city service industries. Thus, the total contribution to GDP from per unit of green electricity will increase substantially.

Top officials from the Datong Municipal People’s Government highly praised Chindata Group for its support in the regional carbon-neutral action. They expressed their hope that Chindata Group would take Datong as its strategic city and continue to deploy the next-generation hyperscale digital infrastructure clusters around the pan-Beijing area.

The name of the project is dubbed PEACH BLOSSOM LAND, derived from a fable written by an ancient Chinese poet Tao Yuanming, which depicted an ideal existence in harmony with nature. The classic scene in this fable was level valley with houses and fields and farms while farmers were working and dogs and chickens were running about. Mr Ju stated that whatever difficulties he encountered, he would go all out, in the hope of seeing a new era of an idyllic setting in the urban city that “the old men and children appear very happy and contented” on the day when this project is completed.

FAQ

What is the PEACH BLOSSOM LAND project by Chindata Group (CD)?

The PEACH BLOSSOM LAND project is a zero-carbon digital infrastructure initiative in Datong, aimed at developing hyperscale green data centers and enhancing local service industries.

When was the agreement for the PEACH BLOSSOM LAND project signed?

The strategic agreement was signed on June 30, 2021.

How will the PEACH BLOSSOM LAND project impact Datong's economy?

The project aims to boost the local GDP significantly by developing energy-driven digital infrastructure and creating new service industry opportunities.

What are the key components of Chindata Group's zero-carbon project?

The project includes high-performance computing infrastructure, renewable energy storage, cold chain logistics, and smart agricultural technologies.

What is the significance of the name PEACH BLOSSOM LAND?

The name is inspired by an ancient Chinese fable that depicts an ideal existence in harmony with nature, symbolizing the project's vision for sustainable urban development.