Lancium’s Zero-Carbon Platform for HPC and AI Applications Available through CCEX Cloud Commodities Exchange

THE WOODLANDS, Texas and FRANKFURT AM MAIN, Germany, July 6, 2022 – LanciumInc., an energy technology and infrastructure company promoting power grid decarbonization and stability, and CCEX, Cloud Commodities Exchange GmbH, have signed a Memorandum of Understanding to LanciumLow-cost, sustainably powered Compute Cloud platform for High-Performance Computing (HPC) and AI applications available to customers and scientific communities across Europe.

“The rise of ESG and green IT initiatives has given a new urgency to high-performance computing that is both low-cost and low-carbon,” said Dr. Andrew Grimshaw, president of Lancium Calculate. †Lancium‘s unique solution enables us to provide low-carbon computing with a lower total cost of ownership than on-site resources. Our partnership with CCEX will benefit customers and also play a pivotal role in advancing the decarbonisation of the computing industry.”

Lancium builds and operates ‘Clean Campuses’, flexible data centers in areas with a surplus of renewable energy. By placing these facilities near excess renewable energy, Lancium can power its data centers with cheap power. These centers are made possible by: Lancium‘s Smart Response software that allows the company to increase and decrease electricity consumption based on grid conditions without impacting the computing tasks in the process. This solution creates a new, dynamic approach to running HPC and AI workloads by supporting grid stability while encouraging the development of complementary renewable energy.

“There is a lot of interest in Lancium‘s Cloud offering for HPC and AI by the scientific communities and universities across Europe to support decarbonisation and energy security goals,” said Sanjai Marimadaiah, chief revenue officer of Lancium Calculate. “Our partnership with CCEX will help meet demand faster and seamlessly. We intend to repeat the success with our commercial customers across Europe”

Lancium‘s range of green products, built 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, CCEX’s Chief Technology Officer. “The combination of using green energy and the smart way to optimize the electricity grid by providing cloud services will help consumers achieve their decarbonisation goals and contribute to the global efforts to reduce CO2 emissions. Reduce.2 emissions. Moreover, Lancium‘s resources can be used to relieve computational tasks in times of natural gas shortages where possible. We are delighted to partner with Lancium the coming years.”

CCEX offers over-the-counter (OTC) and exchange-based trading services of standardized cloud computing/cloud commodities and IT assets, both in the spot and derivatives markets. Together with cloud consumers, providers and brokers, CCEX defines standards for the tradable cloud commodities, the contractual framework and transaction 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 capacity, CCEX brings into the IT world what has successfully performed in the markets for crude oil and electricity. More information can be found at www.ccexgroup.com

About Lancium

Headquartered in The Woodlands, Texas, Lancium is committed to accelerating the energy transition through technologies and infrastructure designed to enable more clean energy production while balancing and stabilizing the power grid. Lancium‘s Clean Campuses are designed to provide a low-cost, sustainable solution for large-scale, energy-intensive customers through our Lancium Smart Response technology. For more information visit www.lancium.com


Source: Lancium

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