Latest news with #BGrimmPower
Forbes
10-06-2025
- Business
- Forbes
Thai Billionaire's B.Grimm, Digital Edge Building $1 Billion AI-Powered Data Center
Computer servers in a data center. Power—controlled by Thai billionaire Harald Link—is partnering with Singapore's Digital Edge to build a $1 billion data center in Thailand amid booming demand for AI-powered applications in the region. The duo formed joint venture, Digital Edge B. Grimm, which will build data centers across Thailand, starting with a 96-megawatt (MW) data center in Chonburi province, around 100 km southeast of Bangkok, according to a statement released on Monday. 'Our collaboration with Digital Edge is a major milestone in our commitment to Thailand's digital future,' Harald Link, group president of Power said in the statement. 'By combining renewable energy with cutting-edge data center technology, we're enabling the country's transformation into a regional AI and cloud innovation hub.' B. Grimm—one of Thailand's biggest conglomerates with interests in energy, real estate, transportation and healthcare industries—will hold a 40% stake in the data center, which will support AI and cloud service providers across Southeast Asia. 'Thailand stands out as one of Asia's most compelling digital growth markets,' John Freeman, CEO of Digital Edge said. 'As demand for AI and machine learning continues to surge, our entry into Thailand comes at an ideal time to support the country's digital transformation.' Backed by New York-based private equity firm Stonepeak Partners, Digital Edge operates data centers across China, India, Indonesia, Japan, Malaysia, the Philippines and South Korea, according to its website. Thailand aims to make the country a regional data center hub and has approved three projects worth $2.7 billion in March, including a 300 MW facility by China's Beijing Haoyang and a 35 MW facility being built by Thai billionaire Sarath Ratanavadi's Gulf Energy, local mobile carrier Advanced Info Service and partner SingTel. Global tech giants such as ByteDance's TikTok, Alphabet's Google, and Microsoft have also been building new digital facilities in the country. With a real-time net worth of $1.2 billion, Link is among the wealthiest in Thailand. which was founded in 1878 as Siam Dispensary, was acquired by his grandfather in 1914. The company has been led by Link since 1987. He is now preparing his daughter, Caroline to take over.
Free Malaysia Today
09-06-2025
- Business
- Free Malaysia Today
B.Grimm, Digital Edge to invest US$1bil in Thai data centre
Digital Edge, backed by private equity fund Stonepeak Partners, operates 24 data centres across Asia, including Malaysia. (Digital Edge pic) BANGKOK : Thai power producer Power Pcl and Digital Edge DC will jointly invest about US$1 billion in a Thailand data centre as demand rises for artificial intelligence (AI), cloud computing and other digital services across Southeast Asia. The data centre, which will have a capacity of 100MW, is expected to begin commercial operations in the fourth quarter of 2026, Power's CEO Harald Link and Digital Edge CEO John Freeman said during a joint press briefing today. It will be located in eastern Chon Buri province, about 100km from Bangkok. ' Power is studying a plan to invest at least US$1.6 billion more in additional data centre projects with a total capacity of about 200MW,' said Usa Nuetap, the company's head for data centre development. Thailand has secured billions of dollars in investment commitments from global tech giants such as Inc, Alphabet Inc, ByteDance Ltd and Alibaba Group Holding Ltd to build data centres and cloud services. Prime Minister Paetongtarn Shinawatra's government is offering tax and other incentives to lure investments in data centres as it seeks to establish the country as a hub for AI infrastructure. 'Thailand stands out as one of Asia's most compelling markets for digital growth with surging demand for AI and machine learning,' Freeman said. 'Thailand's promotion of renewable energy also makes it appealing for the data centre investment,' he said. Digital Edge, backed by private equity fund Stonepeak Partners, operates 24 data centres across India, Indonesia, Japan, Malaysia, the Philippines and South Korea, according to the company.
Bloomberg
09-06-2025
- Business
- Bloomberg
B.Grimm, Digital Edge to Invest $1 Billion in Thai Data Center
Thai power producer Power Pcl and Digital Edge DC will jointly invest about $1 billion in a Thailand data center as demand rises for artificial intelligence, cloud computing and other digital services across Southeast Asia. The data center, which will have a capacity of 100 megawatts, is expected to begin commercial operations in the fourth quarter of 2026, Power's Chief Executive Officer Harald Link and Digital Edge CEO John Freeman said during a joint press briefing on Monday. It will be located in eastern Chon Buri province, about 100 kilometers (62 miles) from Bangkok.
Yahoo
09-06-2025
- Business
- Yahoo
Digital Edge and B.Grimm Power Partner to Launch Hyperscale and AI Data Center Campuses in Thailand, Starting with a 100 MW Flagship Project in EEC
SINGAPORE, June 9, 2025 /PRNewswire/ -- Digital Edge (Singapore) Holdings Pte. Ltd. ("Digital Edge"), a leading pan-Asian data center platform backed by global infrastructure investor Stonepeak, today announced a strategic joint venture with Power Public Company Limited (" Power"), one of Thailand's foremost energy producers. The partnership, Digital Edge (TH) Holdings Pte. Ldt., aims to develop next-generation hyperscale and AI-ready data center campuses across Thailand to meet surging digital infrastructure demand. Operating under the brand name 'Digital Edge DC', the joint venture has announced an investment plan of approximately $1.0 billion, anchored by a 100-megawatt development in Chonburi province, Thailand. Situated within Thailand's Eastern Economic Corridor (EEC), the flagship project is set to serve as a critical hub for AI and cloud service providers expanding across Southeast Asia. The Chonburi campus has recently received approval from the Thailand Board of Investment. Thailand's digital infrastructure market is booming. With data consumption, cloud adoption, and AI and machine learning workloads expanding at record pace, the country is quickly emerging as a regional tech powerhouse. According to recent industry reports, Thailand's data center market is projected to grow at over 25% CAGR through 2030, with AI-driven compute needs accelerating demand for scalable and energy-efficient facilities. The government has committed more than $2.7 billion in incentives for data center and cloud investments, reinforcing Thailand's ambition to become a regional digital hub. The 100MW EEC project will offer high-density colocation, interconnectivity, and hybrid cloud solutions tailored for hyperscalers, AI workloads, and enterprise digital transformation. Construction will be fast-tracked to meet the urgent needs of global tech players scaling their AI infrastructure in Southeast Asia, with target RFS in Q4, 2026. "Thailand stands out as one of Asia's most compelling digital growth markets," said John Freeman, CEO of Digital Edge. "We are privileged to partner with Power on this landmark initiative. Together, we are introducing world-class data center infrastructure powered by sustainable energy—at hyperscale capacity and accelerated speed. As demand for AI and machine learning continues to surge, our entry into Thailand comes at an ideal time to support the country's digital transformation." Dr. Harald Link, Group President of Power Plc, added: "Our collaboration with Digital Edge is a major milestone in our commitment to Thailand's digital future. By combining renewable energy with cutting-edge data center technology, we're enabling the country's transformation into a regional AI and cloud innovation hub." Digital Edge is known for its rapidly growing, energy-efficient data center platform spanning nine countries across Asia Pacific. With 24 data centers in operation and under construction and over 1.1GW of secured IT power, the company is helping shape the region's digital future. Its entry into Thailand underscores its mission to bridge the digital divide and enable AI-at-scale across emerging markets in Asia. With a legacy of over 147 years, has been a pioneer in sustainable energy solutions and one of Thailand's largest industrial power producers (SPP)—making it a major player in the energy sector. With a significant land bank and deep experience in greenfield infrastructure, its robust portfolio of combined cycle co-generation and renewable energy assets ensures that the new data center campuses will meet the rising demands for both performance and sustainability. Recognizing the importance of adapting to the digital era, Power is strengthening its organization by integrating innovation and digital technology, while collaborating with partners to create solutions that meet customer needs and support Thailand's transformation into a regional digital hub. Natixis is acting as exclusive financial advisor to Power for this strategic partnership. About Digital Edge Headquartered in Singapore, Digital Edge is a trusted and forward-looking data center platform company, established to transform digital infrastructure in Asia. Through building and operating state-of-the-art, energy-efficient data centers rich with connectivity options, Digital Edge aims to bring new colocation and interconnect options to the Asian market, making infrastructure deployment in the region easy, efficient and economical. Backed by leading alternative investment firm Stonepeak, Digital Edge has established itself as a market-leading pan-Asia data center platform. The company provides data center and fiber services across nine countries in Asia Pacific, with more than 1.1GW of secured IT power. You can visit the company's website at About Power Public Company Limited Power is one of Thailand's largest and pioneering private power producers, with an aspiration to become a world-class energy company. Guided by its vision of "Empowering the World Compassionately," Power is advancing its long-term strategy, "GreenLeap – Global and Green," aiming to increase the share of renewable energy to over 50% by 2030 and achieve Net Zero Carbon Emissions by 2050. View original content: SOURCE Digital Edge Sign in to access your portfolio
