YIDO said on the 27th that it will restart its listing plan as it establishes an artificial intelligence (AI) infrastructure institutional sector that combines renewable energy and data centers.
The AI infrastructure institutional sector centers on renewable energy, battery energy storage system (BESS), and data centers.
YIDO decided to move in this direction to build a smart infrastructure operations model that incorporates AI technology, going beyond its existing business structure focused on environment and resource circulation.
Taking this year as a starting point, YIDO has put into full swing a new growth strategy system based on two pillars: "waste resource circulation" and "AI infrastructure."
The AI infrastructure institutional sector focuses on operating renewable energy power plants such as solar, wind, and biogas, building BESS and fuel cells, and improving data center efficiency and power optimization. Through this, the company plans to build a self-sustaining smart energy platform in which AI controls the entire process of generation–storage–consumption in real time.
YIDO also plans to pursue participation in the power purchase agreement (PPA) market going forward to secure stable revenue for its AI infrastructure business.
With the establishment of this AI infrastructure institutional sector, YIDO is also accelerating preparations for an initial public offering (IPO). YIDO previously pursued a listing, including submitting a preliminary listing review application to the Korea Exchange (KRX) main board in 2020. To succeed in this listing, the company is currently speeding up the nurturing of AI infrastructure by liquidating noncore asset such as golf courses and hotels.
It is also strengthening financial stability based on solid cash flow generated in the top-ranked private expressway integrated operations and management institutional sector in Korea, underpinned by long-term contracts.