[Click eStock] "SK Hynix, Benefiting from Increased Power Demand in Data Centers"

On the 28th, SK Securities evaluated that "SK Eteronics has emerged as a beneficiary company due to the increase in power demand from data centers, leading to a rise in its stock price."

Nam Min-sik, an analyst at SK Securities, explained, "Recently, fuel cells capable of overcoming the technical issues of renewable energy are gaining attention due to the surge in data center power demand," adding, "SK Eteronics has secured domestic rights for solid oxide fuel cells (SOFC)." He analyzed, "The recent sharp rise in stock price also reflects expectations for fuel cells."

Analyst Nam stated, "In the long term, offshore wind power and the U.S. energy storage system (ESS) business will act as growth drivers for SK Eteronics," and explained, "SK Eteronics is currently pursuing five offshore wind power projects, with the Shinan Ui project, worth a total project cost of 2.5 trillion KRW, scheduled to begin construction by the end of this year."

He continued, "In the U.S., profitability is increased by charging ESS when electricity rates are low and selling electricity when rates are high," adding, "Potential demand for ESS facilities is increasing in states such as California and Texas."