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Keppel T&T invests in data centre startup Nautilus
It is worth $13.5m.
Keppel Telecommunications & Transportation Ltd (Keppel T&T) invested $13.5m (US$10m) in data centre startup Nautilus Data Technologies Inc’s (Nautilus) Series C preferred stock company.
According to a press release, Nautilus is a US-based company that uses patented water-cooling technology in prefabricated facilities, believed to make them more cost efficient and environmentally sustainable.
Nautilus is currently building its first commercial data centre at Mare Island Naval Shipyard in Northern California, and deployment is scheduled for early 2018.
The carrier-neutral data centre facility will feature power capacity of approximately 6MW distributed across four data vaults with redundancy for connectivity and power.
According to Keppel T&T, Nautilus' technology can reduce operating costs up to 30% whilst increasing cooling efficiency to 80%.
It can also reduce carbon emissions and air pollution by 30% and use only one-third the spatial footprint with up to five times server capacity.
Keppel Data Centres chief executive officer Wong Wai Meng said, "Through this investment, we can also explore opportunities for collaboration and harnessing of synergies within the Keppel Group, for example, by tapping the Group’s capabilities and experience in the offshore and marine sector for the development of floating water-cooled data centres."
Keppel T&T is not expecting the investment to affect the company's performance for the year.
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