The denitrification catalyst corporations NANO(187790) hit the upper price limit early on the 21st after news that it signed a selective catalytic reduction (SCR) supply contract for onsite power generation facilities at a U.S. artificial intelligence (AI) data center.
As of 9:25 a.m. on the KOSDAQ market, NANO was trading at 3,730 won, up 860 won (29.97%) from the previous day.
On this day, NANO said it signed a contract to supply SCR catalysts for onsite power generation facilities for a North American artificial intelligence (AI) data center. The contract is worth $4 million.
The catalysts NANO is supplying this time are scheduled to be applied to gas power generation facilities within a North American AI data center complex that uses gas turbines from a top-three global gas turbine maker.
With the spread of AI data centers recently driving a rapid increase in power demand, the United States is seeing a growing trend of investment in onsite power generation facilities using gas turbines within data center complexes.
NANO plans to use this order performance to expand follow-on project wins and strengthen its position in the North American data center power generation market.