Japan · India · Datacenter Dynamics
Itochu to begin data center development, gears up 10 new facilities by 2030
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Japanese investment firm Itochu is reportedly entering the data center development space, with plans to build around ten facilities in Japan by 2030.
Key facts
- Reports emerged yesterday suggesting that Itochu was seeking to invest several 100 billion yen ($630.6m) by 2030, though a more specific number has yet to be determined
- Itochu subsidiary, Itochu Techno-Solutions, previously owned several data centers in Japan, but sold five of these in 2021
- Japanese investment firm Itochu is reportedly entering the data center development space, with plans to build around ten facilities in Japan by 2030
- Itochu was originally founded in 1858 as a textiles company
Summary
Reports emerged yesterday suggesting that Itochu was seeking to invest several 100 billion yen ($630.6m) by 2030, though a more specific number has yet to be determined. The facilities will reportedly be built in several locations, including Tokyo, Osaka, and Kyushu. Itochu is planning somewhere in the region of 50MW of capacity per facility, with new sites reaching operational status annually. Itochu subsidiary, Itochu Techno-Solutions, previously owned several data centers in Japan, but sold five of these in 2021.