Overview

• The memorandum grants HD Hyundai Electric priority consideration for supplying transformers and high-voltage circuit breakers to Bulk Infrastructure’s upcoming data center projects in Europe.
• This formal agreement builds on HD Hyundai Electric’s 2024 delivery of an ultra-high-voltage transformer to Bulk’s Vennesla facility and its May contract supplying high-voltage transformers in Scotland.
• The partners will co-develop environmentally friendly power equipment tailored to European market requirements via HD Hyundai Electric’s research institutes in Switzerland and Hungary.
• Bulk Infrastructure currently operates five data centers across Norway and Denmark and is targeting new sites to address Europe’s forecasted 15% annual rise in data center electricity consumption.
• Yang Jae-cheol of HD Hyundai Electric and Torbjorn Moe of Bulk Infrastructure led the signing ceremony in Seoul, emphasizing both firms’ shared commitment to Europe’s data center sector.