NV5 Expands Data Center Platform in Thailand with 250 MW of Large-Scale Projects and $6 Million Hyperscale Data Center Award
NV5 Global (NVEE) has secured over 250 megawatts (MW) of data center projects in Thailand, including a new $6 million commissioning contract for a U.S. technology company's hyperscale data center. The project involves verifying and testing facility systems, focusing on cooling and ventilation infrastructure.
The expansion reinforces NV5's position in Thailand's data center market, which is projected to exceed $50 billion in 2025 as the second-largest digital economy in Southeast Asia. The company's services include technical due diligence, commissioning, and design for large-scale data centers, capitalizing on Thailand's skilled workforce and government investment in digital infrastructure.
NV5 Global (NVEE) ha ottenuto oltre 250 megawatt (MW) di progetti per data center in Thailandia, inclusi un nuovo contratto di commissioning del valore di 6 milioni di dollari per un data center hyperscale di una società tecnologica statunitense. Il progetto prevede la verifica e il collaudo dei sistemi dell'impianto, con un focus sulle infrastrutture di raffreddamento e ventilazione.
L'espansione rafforza la posizione di NV5 nel mercato dei data center in Thailandia, che si prevede supererà 50 miliardi di dollari nel 2025, diventando la seconda economia digitale più grande del sud-est asiatico. I servizi dell'azienda includono due diligence tecnica, commissioning e progettazione per data center su larga scala, sfruttando la forza lavoro qualificata della Thailandia e gli investimenti del governo nelle infrastrutture digitali.
NV5 Global (NVEE) ha asegurado más de 250 megavatios (MW) en proyectos de data centers en Tailandia, incluyendo un nuevo contrato de commissioning por 6 millones de dólares para un data center hyperscale de una empresa tecnológica estadounidense. El proyecto implica la verificación y prueba de los sistemas de la instalación, centrándose en la infraestructura de refrigeración y ventilación.
La expansión refuerza la posición de NV5 en el mercado de data centers de Tailandia, que se proyecta que superará los 50 mil millones de dólares en 2025, convirtiéndose en la segunda economía digital más grande del sudeste asiático. Los servicios de la empresa incluyen la debida diligencia técnica, commissioning y diseño para data centers a gran escala, aprovechando la mano de obra calificada de Tailandia y la inversión del gobierno en infraestructura digital.
NV5 Global (NVEE)는 태국에서 250메가와트(MW) 이상의 데이터 센터 프로젝트를 확보했으며, 미국 기술 회사의 하이퍼스케일 데이터 센터를 위한 600만 달러의 커미셔닝 계약을 포함하고 있습니다. 이 프로젝트는 냉각 및 환기 인프라에 중점을 두고 시설 시스템의 검증 및 테스트를 포함합니다.
이번 확장은 태국 데이터 센터 시장에서 NV5의 입지를 강화하며, 2025년에는 500억 달러를 초과할 것으로 예상되는 동남아시아에서 두 번째로 큰 디지털 경제로 자리 잡을 것입니다. 회사의 서비스에는 기술 실사, 커미셔닝 및 대규모 데이터 센터 설계가 포함되며, 태국의 숙련된 인력과 디지털 인프라에 대한 정부의 투자 혜택을 누리고 있습니다.
NV5 Global (NVEE) a sécurisé plus de 250 mégawatts (MW) de projets de centres de données en Thaïlande, y compris un nouveau contrat de mise en service de 6 millions de dollars pour un centre de données hyperscale d'une entreprise technologique américaine. Le projet implique la vérification et le test des systèmes de l'installation, en se concentrant sur les infrastructures de refroidissement et de ventilation.
L'expansion renforce la position de NV5 sur le marché des centres de données en Thaïlande, qui devrait dépasser 50 milliards de dollars en 2025, devenant ainsi la deuxième plus grande économie numérique d'Asie du Sud-Est. Les services de l'entreprise incluent la diligence raisonnable technique, la mise en service et la conception pour des centres de données à grande échelle, tirant parti de la main-d'œuvre qualifiée de la Thaïlande et des investissements gouvernementaux dans l'infrastructure numérique.
NV5 Global (NVEE) hat über 250 Megawatt (MW) an Rechenzentrumsprojekten in Thailand gesichert, einschließlich eines neuen 6 Millionen Dollar großen Inbetriebnahmevertrags für ein hyperscale Rechenzentrum eines US-Technologieunternehmens. Das Projekt umfasst die Überprüfung und Prüfung der Anlagensysteme, mit Schwerpunkt auf Kühl- und Belüftungsinfrastruktur.
Die Expansion stärkt die Position von NV5 im thailändischen Rechenzentrumsmarkt, der voraussichtlich 50 Milliarden Dollar im Jahr 2025 überschreiten wird und die zweitgrößte digitale Wirtschaft in Südostasien darstellt. Die Dienstleistungen des Unternehmens umfassen technische Due Diligence, Inbetriebnahme und Design für großangelegte Rechenzentren und nutzen die qualifizierte Arbeitskräfte Thailands sowie die staatlichen Investitionen in digitale Infrastruktur.
- Secured 250 MW of data center projects in Thailand
- Won $6 million hyperscale data center commissioning contract
- Expanding presence in Thailand's $50 billion digital economy
- Multiple project awards across technical due diligence, commissioning, and design services
- None.
Insights
NV5's expansion in Thailand's data center market represents a strategic growth initiative with both immediate and long-term financial implications. The $6 million hyperscale commissioning contract provides near-term revenue visibility, while the broader 250MW project pipeline establishes a foundation for recurring revenue in the high-growth Southeast Asian market.
This expansion aligns with NV5's evolution from a traditional engineering firm to a higher-margin technology services provider focused on mission-critical infrastructure. Data center commissioning services typically command premium margins compared to conventional engineering work, potentially enhancing NV5's profitability profile as this segment grows.
Thailand's digital economy, projected to reach over $50 billion in 2025, represents a significant opportunity in NV5's international growth strategy. The company is positioning itself at the intersection of two powerful trends: Asia's digital infrastructure buildout and the global AI-driven surge in data center demand.
For context, this announcement follows NV5's consistent efforts to diversify revenue streams beyond its core U.S. operations. The Thailand expansion leverages the company's technical expertise in mission-critical facilities while reducing dependency on domestic infrastructure spending cycles.
Importantly, relationships with hyperscale operators (likely including major cloud providers) tend to yield follow-on projects and cross-selling opportunities across NV5's service portfolio, including sustainability consulting and infrastructure design. The company's emphasis on "recurring commissioning" suggests an ongoing revenue component rather than one-time project fees.
The 250MW data center portfolio NV5 has secured in Thailand represents a significant market position in a country whose total data center capacity was under 1GW as of 2024. This scale indicates NV5 has established itself as a preferred partner for multiple hyperscale operators entering or expanding in the Thai market.
The $6 million commissioning contract highlights NV5's critical role in the technical validation of these facilities. Commissioning in Thailand presents unique challenges due to the tropical climate, where cooling systems must be meticulously verified to maintain optimal operating temperatures while managing humidity levels often exceeding 80%. This verification process directly impacts both operational reliability and energy efficiency, with cooling typically representing 30-40% of a data center's energy consumption.
Thailand's strategic position offers reduced latency for Southeast Asian users compared to more distant hubs like Singapore or Hong Kong, making it increasingly attractive for latency-sensitive applications including AI inference workloads and regional cloud services. The country's relatively stable power grid compared to neighboring markets also provides an infrastructure advantage, though commissioning must verify redundant power systems to ensure the 99.999% uptime these facilities require.
NV5's involvement in both commissioning and design services positions them to capture value across the facility lifecycle while building the specialized expertise needed for Thailand's unique environmental conditions. As AI deployment accelerates, these facilities will likely require increasingly sophisticated cooling solutions, including potential liquid cooling implementations that demand specialized commissioning expertise.
The recurring nature of commissioning services also provides NV5 with opportunities for long-term client relationships, as these systems require regular re-certification and optimization as computational loads evolve.
HOLLYWOOD, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, certification, and consulting solutions, announced today that it has secured over 250 megawatts (MW) of data center projects in Thailand, reinforcing NV5’s position as a key partner in the expansion of large scale data center infrastructure. NV5 has accelerated its growth in the Thailand data center market with the recent award of a
“Our commitment to reliability and excellence has built long-lasting relationships with clients in Thailand and worldwide, positioning NV5 as a trusted advisor in the global growth of data centers,” said Ben Heraud, Chief Executive Officer of NV5. “As cloud services and AI drive unprecedented demand for high-performance infrastructure, we remain dedicated to delivering innovative testing, inspection, and certification (TIC) and design solutions that enhance operational efficiency, reliability, and sustainability on a global scale.”
As the second-largest digital economy in Southeast Asia, Thailand’s rapid growth is projected to surpass
“NV5’s expertise in recurring commissioning and data center design services is pivotal in helping clients establish and scale their data center operations across Thailand. We have been awarded several projects, including technical due diligence, commissioning, and design for large-scale data centers, and we are excited about the growth opportunities in Thailand and the region,” said Gary Hui, Chief Operating Officer, NV5 Mission Critical.
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure support, conformity assessment, buildings & technology, environmental, and geospatial services. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
Source: NV5 Global, Inc.
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