CyrusOne: CyrusOne announces new Japan data center venture with Kansai Electric Power Company

May 23, 2023 | Posted by MadalineDunn

CyrusOne has announced its partnership with Japanese energy firm Kansai Electric Power Company, Inc. (KEPCO) for the development of new data centers across Japan. The 50:50 joint venture, called CyrusOne KEP, will see at least one trillion yen ($7 billion) invested in the project over the next ten years. Further, projections are that it will reach a business scale of 900MW.

The JV is reportedly planning to build in the Kansai and Tokyo areas, but hasn't yet shared further details. However, it did announce that the first project will begin in the "near future" in the former location. 

"This is a unique partnership that brings data center, power knowledge, and capability together and provides a unique opportunity to simultaneously optimize digital and power infrastructure," commented Eric Schwartz, president and CEO of CyrusOne. 

Adding: "KEPCO is one of the largest utility providers in Japan with extensive local expertise. Their knowledge and relationships plus CyrusOne's design, development and commercial operations of data centers position us to further serve customers with growth aspirations around the world."

Nozomu Mori, president, and CEO of KEPCO, said the hyperscale data center market is continuing to grow in Japan due to increased data traffic volume led by the growth of digital technology products and services. "With the joint venture, the KEPCO Group aims to provide world-best quality service to the cloud companies and technology organizations in Japan," Mori said.