Mentioned:
An energy company in the United States is buying up gas engines for data centres. And they’re turning to Innio to do it.
What’s happening:
- Innio (NASDAQ: INIO) has landed a purchase order for 450 megawatts of their Jenbacher J624 gas engines from an American energy company
Why it matters:
- Innio has publicly stated that their gas engine power systems will be installed directly on-site at large scale data centres in North America
Going deeper:
- Innio’s Jenbacher J624 gas engine power systems are capable of converting up to 47% of their fuel into electricity, which is meaningfully more than most simple-cycle gas turbines
- Energy Vault (NYSE: NRGV) just recently made waves when they secured 275 megawatts of Rolls-Royce MTU engine-generators to deploy directly at data centres and operate without a direct connection to the grid
The intrigue:
- One of the main power suppliers behind Oracle’s (NYSE: ORCL) data centre projects VoltaGrid is a major buyer of Innio’s Jenbacher J624 gas engine power systems
