Cyclect used its platform at Data Centre World Asia 2024 to announce two material developments in its data centre-related business: a 17 MW GPU-as-a-service agreement with Global Telecommunications, and the launch of a Cooling-as-a-Service model in collaboration with KJTS.
The 17 MW agreement with Global Telecommunications represents a significant commercial milestone for the FutureData development in Sarawak, providing an anchor off-take commitment that demonstrates commercial demand for the project’s capacity.
The Cooling-as-a-Service model with KJTS is structured as an outcome-based offering: Cyclect invests directly in clients’ cooling systems and is compensated based on the cost and carbon savings delivered, rather than on a conventional service fee basis. The model reduces capital expenditure for data centre operators while aligning Cyclect’s commercial interest with operational efficiency outcomes.
Both announcements signal Cyclect’s evolution from engineering contractor to a provider of structured service and infrastructure solutions in the data centre sector — relevant to operators, investors, and financial institutions assessing the group’s long-term positioning in digital infrastructure.