MHI and Ingeteam sign non-binding MoU on US data center power

Mitsubishi Heavy Industries and Spain's Ingeteam signed a non-binding memorandum of understanding on Oct. 16 to distribute, integrate and jointly develop energy infrastructure for US data centers, Data Center Dynamics reported.

The agreement combines MHI's integrated power, cooling and energy management with Ingeteam's rotating electrical machines, power electronics, control and automation, and digital technologies, the companies said. Ingeteam's portfolio also includes generators, battery storage, power quality and grid-stability equipment, and EMS/SCADA control platforms. The partners said the MoU is meant to widen access to Ingeteam's power conversion hardware and software and to explore folding selected technologies into the energy infrastructure designs MHI builds for its customers.

The memorandum discloses no capital commitment, order volume, named customer or delivery date. As a non-binding agreement, it would not change cash flows on either side.

For advisors with client exposure to data center or grid funds, a concrete due-diligence question is whether a manager assumes dual sourcing for power conversion and storage equipment. The partners intend to bundle generation, conversion, storage and control into one architecture, which would shorten the list of counterparties a developer can point to when underwriting on-site power.

The companies said they will also evaluate medium-voltage distribution technologies, energy management systems and other equipment for high-density computing environments, subject to further technical and commercial evaluation.