Data center developer and operator CyrusOne is developing a joint venture on meeting the energy needs of data centers with Osaka, Japan-based utility Kansai Electric Power Co., which serves some of Japan’s largest and highest capacity industrial centers.
The joint venture, called CyrusOne KEP, brings the data center technology expertise of Cyrus one with the telecommunications, electricity production and real estate experience of KEPCO.
The collaboration will focus on the critical infrastructure requirements of hyperscale platform companies, according to a joint press release.
With CyrusOne KEP, data center infrastructure will be aligned with the broader power grid to drive resilience, efficiency and smart development.
In this agreement, the companies established a joint venture with equal investments by the two companies, leveraging the strengths of both companies to undertake the hyperscale data center development and operation business in Japan. CyrusOne KEP plans to invest more than $7 billion over the next decade and reach a business scale of 900 MW.
CyrusOne and KEPCO plan to build in the Kansai area and other major markets across Japan. Construction on the first project is expected to begin in the near future in Kansai.
