Powerwell secures US$12.24mil data centre electrical solutions order

Powerwell secures US$12.24mil data centre electrical solutions order
  • Highlight Powerwell’s contribution to Malaysia’s and SEA’s rapidly expanding data center field
  • By 2025, Malaysia’s objective of becoming an Asian Digital Tiger aligns with the company’s.

Powerwell is benefiting from the ripple effect of opportunities for local suppliers and service providers in the data centre sector.

Powerwell Holdings Bhd, a global leader in electronic options, has announced purchases worth US$ 12.24 million ( RM 57.61 million ) from a global technology company, according to Bursa Malaysia. This offer, secured by its utterly- owned company, Powerwell International Sdn Bhd, underscores Powerwell’s important position in the rising data center sector in Malaysia.

The order orders, dated May 24, 2024, encompass the source, installation, and commissioning of minimal- voltage switchboards and distant power panels for a higher- profile data centre project in Selangor. This initiative is expected to significantly improve Powerwell’s consolidated earnings and net assets for the fiscal year ending March 31, 2025 ( FY2025 ).

Catherine Wong, Powerwell’s professional director, &nbsp, said,” This deal reflects the confidence and consistency that big tech players position in Powerwell and positions us at the vanguard of Asia’s quick- expanding data centre market. We are dedicated to providing quality and creativity, ensuring the successful completion of this project on time.

The Malaysian information center market is growing rapidly. New advancements in the area, including significant investments by international tech giants, strengthen Malaysia’s ability to become a primary data center hub in Asia.

The nation received RM76 billion ( US$ 16 billion ) worth of investments from its data centres between 2021 and March 2023, and its statistics middle market is expected to bring more opportunities.

Recent developments include NVIDIA Corporation’s announcement at the end of last year to work with YTL to create a US$ 4.3 billion Artificial Intelligence ( AI ) cloud and supercomputer infrastructure. Lately, Microsoft has also committed to a US$ 2.2 billion purchase over the next four years, the largest in its 32- yr history in Malaysia, focusing on establishing a strong cloud and Iot infrastructure to support Malaysia’s digital ecosystem.

” These investments by global tech giants enhance the technological landscape in which Powerwell is a business and also have a positive impact on local suppliers and service providers in the tech sector. Powerwell is strategically positioned to significantly contribute to Malaysia’s transition toward a highly developed digital economy by leveraging cutting-edge technology and extensive expertise in electrical solutions for data centers,” Catherine&nbsp, added.