THE WOODLANDS, Texas, and FRANKFURT AM MAIN, Germany, July 6, 2022 – LanciumInc., an energy technology and infrastructure company advancing decarbonization and power grid stability, and CCEX, Cloud Commodities Exchange GmbH, have signed a memorandum of understanding to LanciumThe low-cost, renewable energy-powered Compute Cloud platform for high-performance computing (HPC) and AI applications is available to customers and scientific communities across Europe.

“The rise of ESG and green computing initiatives has given new urgency to high-performance computing that is both low-cost and low-carbon,” said Dr. Andrew Grimshaw, President of Lancium Calculate. “LanciumOur unique solution enables us to deliver zero-carbon computing with a lower total cost of ownership than on-premises resources. Our partnership with CCEX will be a benefit to customers and will also play a pivotal role in advancing the decarbonization of the IT sector. »

Lancium builds and operates “clean campuses”, which are flexible data centers in areas where renewable energy is surplus. By locating these facilities close to renewable energy surpluses, Lancium can power its data centers with low-cost power. These centers are activated by LanciumSmart Response software that allows the business to increase and decrease power consumption based on network conditions without affecting IT tasks in the process. This solution creates a dynamic new approach to running HPC and AI workloads by supporting power grid stability while encouraging the development of additional renewable energy.

“There is huge interest in LanciumCloud for HPC and AI by scientific communities and universities across Europe to support decarbonization and energy security goals,” said Sanjai Marimadaiah, chief revenue officer of Lancium Calculate. “Our partnership with CCEX will help meet demand more quickly and seamlessly. We plan to replicate the success with our commercial customers across Europe”

LanciumThe green product offering based on open source technology aligns perfectly with the standardized cloud products specified by CCEX and the sustainability goals of European cloud consumers,” said Dr. Johannes Watzl, Chief Technology Officer of the CCEX. “The combination of using green energy and the smart way to optimize the power grid by offering cloud services helps consumers achieve their decarbonization goals and adds to global efforts to reduce CO emissions.2 emissions. In addition, LanciumResources can be used to offload computational tasks during times of natural gas shortages, where possible. We are delighted to partner with Lancium In the years to come.”

CCEX offers standardized over-the-counter (OTC) trading and exchange of commodities and cloud computing/cloud computing resources, both in the spot market and in the derivatives market. Working with cloud consumers, providers, and brokers, CCEX defines standards for tradable cloud products, the contractual framework, and transactional processes.

About CCEX

CCEX Cloud Commodities Exchange GmbH, headquartered in Frankfurt am Main, Germany, aims to make the cloud and IT market more efficient. With multi-level standardization (products, contracts, transactions, etc.) and the introduction of an exchange with the ability to buy and sell cloud and IT capabilities, CCEX brings to the IT world what has been successfully achieved in the crude oil and electricity markets. More information can be found at www.ccexgroup.com.

About Lancium

Based in The Woodlands, Texas, Lancium is dedicated to accelerating the energy transition through technologies and infrastructure designed to enable cleaner energy production while balancing and stabilizing the electrical grid. LanciumClean campuses are designed to provide a sustainable, low-cost solution for large-scale, energy-intensive customers through our ownership Lancium Smart Response Technology. For more information, visit www.lancium.com.


Source: Lancium

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