- Secures additional orders in the U.S. data center market, supplying 1,000 MW of power generation systems valued at USD 673.8 million
- Expands group-wide capabilities amid continued growth in the data center power generation equipment market
- "The HiMSEN engine's technology and reliability have been proven. We will continue to explore new business opportunities and strengthen our market presence."
SEOUL, South Korea, Aug. 10, 2026 /PRNewswire/ -- HD Hyundai Heavy Industries, a shipbuilding affiliate of HD Hyundai, announced that it recently signed a contract with U.S.-based energy infrastructure developer Corban Energy Group to supply power generation systems equipped with its 9.6-megawatt (MW) HiMSEN engines. The contract, valued at USD 673.8 million, covers a combined capacity of 1,000 MW and will support power supply for data centers operated by a major U.S. technology company.
Corban Energy Group provides Gas, LNG, and power products to growing infrastructure projects including data centers and Department of War (DoW) projects.
This contract marks HD Hyundai Heavy Industries' largest-ever order for power generation engines. The company previously signed a USD 425 million agreement in April with U.S.-based energy infrastructure developer AEG to supply power generation equipment for data centers.
The 9.6-MW HiMSEN engines supplied under this agreement are high-capacity, medium-speed engines that offer high power generation efficiency and reliability. Their high-output and high-efficiency performance enables continuous 24/7 operation, providing a competitive advantage in the data center market.
Starting with this power generation supply contract, the two companies plan to maintain a close collaborative relationship and further expand their business cooperation in upcoming follow-on projects.
The U.S. market for data center power generation equipment has been growing rapidly, fueled by the expansion of AI services and increased investment in cloud infrastructure. According to the Electric Power Research Institute (EPRI), data centers' share of total U.S. electricity consumption is projected to increase by more than threefold by 2030.
HD Hyundai is expanding its group-wide efforts to capitalize on growing demand in the data center market. While HD Korea Shipbuilding & Offshore Engineering, the group's intermediary holding company for the shipbuilding business, is focused on developing core technologies for floating data centers, other affiliates such as HD Hyundai Electric and HD Hyundai Marine Solution are expanding their businesses in power distribution and electrical equipment supply and power generation engine maintenance services, respectively, to strengthen their positions in the market.
"The steady stream of collaboration inquiries we are receiving in the data center power generation engine market demonstrates the market recognition of the HiMSEN engine's technological capabilities and reliability," an HD Hyundai Heavy Industries official said. "We will continue to explore diverse business opportunities and strengthen our presence in the power generation equipment market."
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HD Hyundai Heavy Industries to Supply Large-Scale Power Generation Systems to U.S. Data Centers
- 'MAJU:ON Hackathon', a startup idea competition for Indonesian youth, held in Jakarta on November 11-12
- Seeking innovative business ideas in areas including AI agent development and energy efficiency
- Six outstanding teams to receive continued support, from startup training to investor connections
JAKARTA, Indonesia, Nov. 13, 2026 /PRNewswire/ -- SK Innovation E&S is continuing its program for a second year to identify promising business ideas in artificial intelligence transformation (AX) and energy, while helping young Indonesians build entrepreneurial skills.
SK Innovation E&S announced that it hosted the 'MAJU:ON Hackathon', a startup idea competition for Indonesian university students, on November 11–12 at Le Meridien Jakarta.
'MAJU:ON' is a program launched last year by SK Innovation E&S in partnership with UD Impact, a South Korean ESG solutions company, to support young entrepreneurs in Indonesia.
In the program's inaugural year, 220 teams applied. After a 10-month journey, three outstanding teams were selected. Last September, the teams visited Korea, where they had the opportunity to network with energy and environmental experts and explore the startup ecosystem in Busan. Ali Andika Wardhana, Deputy Chief of Mission at the Embassy of the Republic of Indonesia in Seoul, also met with the teams in Busan to offer his encouragement.
The hackathon marked the first event of MAJU:ON's second year, with the program expanding in scope and scale. While last year's program focused solely on energy and the environment, this year's program has broadened its scope to include AI. Around 300 teams applied, reflecting greater interest than in the program's inaugural year.
Thirty Indonesian university student teams took part in the hackathon. Their business ideas spanned AX—including AI agent development and AI-powered workflow automation—as well as energy solutions such as energy efficiency and distributed energy.
On the first day, participants took part in training sessions on refining business ideas, analyzing customers, developing global investor relations (IR) decks, and strengthening their presentation skills. Team presentations and judging took place on the second day. The judging panel evaluated each team's business feasibility, capabilities and other criteria before selecting the leading teams in each category.
A total of six outstanding teams were selected, with first-, second-, and third-place teams chosen in both the AX and energy categories. The top awards in the respective categories went to team 'Orbitani', whose platform uses AI to analyze satellite data and recommend the best crops for local conditions and soil characteristics, and team 'Little Mermaids', whose system monitors water temperature, salinity and oxygen levels at different depths to automatically identify optimal locations for shellfish farms.
Over the next year, the six selected teams will receive support throughout the startup journey. This will include training in entrepreneurship, business management and AI; networking opportunities with key Indonesian government officials and energy experts; and opportunities to connect with venture capital (VC) investors.
"This event is a starting point for discovering young people's ideas on AI transformation and energy challenges—issues that are drawing attention around the world—and helping them develop those ideas into viable businesses," said Choi Eun-jung, head of the Sustainability Management Team at SK Innovation E&S. "We will continue working to strengthen Indonesia's youth startup ecosystem and expand cooperation between Korea and Indonesia."
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SK Innovation E&S to Nurture Young Entrepreneurs in Indonesia's AI and Energy Sectors
SK Innovation E&S to Nurture Young Entrepreneurs in Indonesia's AI and Energy Sectors
