(Yicai) Oct. 9 — Nyocor, a Chinese language developer of recent power energy stations, mentioned it plans to take a position CNY452 million (USD64 million) to construct and run a man-made intelligence computing energy middle in China’s resource-rich Xinjiang Uygur Autonomous Area to realize excessive value-added functions of inexperienced energy.
Nyocor plans to spend CNY451 million to construct a 5,000 PFLOPS computing energy middle within the metropolis of Changji and CNY1.5 million (USD212,255) to purchase a 15 % stake within the AI middle’s market operator, it introduced late yesterday. The challenge is a part of the Xinjiang department of the Nationwide Supercomputer Middle in Guangzhou, it added.
The challenge’s first section is scheduled to incorporate 1,000 PFLOPS of computing energy and be accomplished this 12 months, Beijing-based Nyocor famous. The plan is to achieve 2,000 PFLOPS within the mid-term and for the middle to be absolutely accomplished by the tip of subsequent 12 months, it mentioned.
Along with procuring high-performance clever computing servers, the challenge may also be outfitted with associated storage and community services, based on Nyocor.
The challenge’s operational interval after completion can be six years, bringing income of as much as CNY100 million a 12 months, Nyocor identified. The native authorities may also help the corporate’s funding in new power energy tasks in resource-rich areas primarily based on related preferential insurance policies.
These insurance policies enable for the development of a 400 megawatts photovoltaic or wind energy station and settle for the electrical energy generated to the ability grid with a market-oriented pricing mechanism for each 500 PFLOPS of computing energy to be constructed, Nyocor famous.
The challenge will absolutely leverage authorities insurance policies encouraging the event of inexperienced computing energy, Nyocor mentioned. It is going to additionally assist increase the agency’s core enterprise, discover new avenues for consuming new power energy, and create a replicable enterprise mannequin with broad market potential, it added.
Nyocor focuses on investing, constructing, and working new power energy stations. The overall permitted put in capability of its new power energy stations reached 6,448 MW as of the tip of final 12 months, up 16 % from a 12 months earlier, with the grid-connected capability rising 19 % to 4,480 MW and the annual energy technology leaping 13.9 % to 7.15 billion kilowatt-hours, based on the corporate’s annual monetary report.
Shares of Nyocor [SHA: 600821] closed down 4.8 % at CNY5.75 (81 US cents) in Shanghai at this time, with the Chinese language mainland inventory market cooling down barely after current substantial positive aspects.
The mainland inventory market has rallied since Sept. 24, when the federal government launched a sequence of insurance policies to spice up market confidence. Nyocor’s inventory had soared round 15 % since that day till closing yesterday.
Editor: Martin Kadiev
This articles is written by : Nermeen Nabil Khear Abdelmalak
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