In order to power next-generation data centers, Hodler Investments and GCL Energy Investment have teamed up to create a distributed energy infrastructure project in Ethiopia.
Expanding the Data Center Market in Ethiopia GCL Energy Investment and Hodler Investments, an investment firm based in the United Arab Emirates (UAE), have teamed up to create a distributed energy infrastructure project in Ethiopia. Next-generation distributed compute cluster data centers are anticipated to be powered by the project. The agreement calls for Hodler Investments and Golden Concord Group subsidiary GCL Energy Investment to make joint investments in viable and appropriate energy projects.
A statement claims that Golden Concord Group will support data center operators' operations while supplying the energy infrastructure required to profit from Ethiopia's underutilized electricity. Ethiopia wants to increase the size of its data center market from $95 million in 2022 to $226 million by 2028, and improving infrastructure to support data centers is in line with that objective. Hodler Investments managing director Mohamed El Masri made the following statement regarding his company's collaboration with the Chinese integrated energy service provider:
Expanding the Data Center Market in Ethiopia GCL Energy Investment and Hodler Investments, an investment firm based in the United Arab Emirates (UAE), have teamed up to create a distributed energy infrastructure project in Ethiopia. Next-generation distributed compute cluster data centers are anticipated to be powered by the project. The agreement calls for Hodler Investments and Golden Concord Group subsidiary GCL Energy Investment to make joint investments in viable and appropriate energy projects.
A statement claims that Golden Concord Group will support data center operators' operations while supplying the energy infrastructure required to profit from Ethiopia's underutilized electricity. Ethiopia wants to increase the size of its data center market from $95 million in 2022 to $226 million by 2028, and improving infrastructure to support data centers is in line with that objective. Hodler Investments managing director Mohamed El Masri made the following statement regarding his company's collaboration with the Chinese integrated energy service provider: