Oslo: HD Hyundai Electric Co., a South Korean electric equipment manufacturer, announced that it has signed an initial agreement with a Norwegian company to supply power equipment for data centers. The company has entered into a memorandum of understanding (MOU) with Bulk Infrastructure, a Norwegian data and telecommunications infrastructure firm, to provide electric power transformers and high-voltage circuit breakers for the company's data centers, as stated in a press release.
According to Yonhap News Agency, the agreement also includes cooperation between the two companies in seeking orders for high-voltage circuit breakers in the European electric machinery market. Bulk Infrastructure, which was founded in 2006, currently operates five data centers in Norway and Denmark.
Last year, HD Hyundai Electric entered into a separate agreement to supply ultra-high-voltage transformers to Bulk Infrastructure's data center located in Vennesla, Norway. Europe has been ranked as one of the world's top three regions for data center electricity consumption in 2024, along with the United States and China, based on a report released by the International Energy Agency (IEA).
European data centers consumed approximately 70 terawatt-hours (TWh) of electricity in 2024. The IEA has projected that global data center electricity consumption could increase by around 15 percent annually from 2024 to 2030.