BEIJING, Dec. 18,
2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq:
VNET) ("VNET" or the "Company"), a leading carrier- and
cloud-neutral internet data center services provider in
China, recently showcased the
Company's development of renewable energy infrastructure for
representatives from the US-China Green Energy Council
("UCGEC") during a site visit to its Taicang data center campus in
China's Yangtze River Delta
region.
On December 14, 2023, a delegation
led by Dr. Steven Chu, chief
scientist of the UCGEC, Nobel Laureate in Physics and former U.S.
Secretary of Energy, and Dr. Robert
Weisenmiller, senior advisor of the UCGEC and former
chairman of the California Energy Commission, toured VNET's Taicang
data center campus. As a multi-phase flagship project featuring
high power density cabinets and large-scale deployment of liquid
cooling technology, the Taicang data center campus highlights the
Company's ability to efficiently build and deliver premium data
centers.
Sustainable development is a core tenet of VNET's mission. The
Company aims to achieve both operational carbon neutrality in Scope
1 and Scope 2 emissions and 100% renewable energy use in operations
no later than 2030. In addition, the Company has implemented a
comprehensive ESG strategy to drive successful outcomes. In
December 2022, VNET received an "A"
ESG rating from MSCI, the highest ranking to date in China's Internet Service and Infrastructure
industry. The Company's ESG score measured by the S&P Corporate
Sustainability Assessment ranked in the top 10% among all companies
in the IT Services industry globally. Furthermore, VNET earned a
"B" grade in the CDP's 2022 climate change questionnaire, exceeding
the grades of 96% of participating companies in China. These accomplishments and accolades
affirm the Company's effective ESG framework as well as its
long-term investment value and development prospects.
Mr. Josh Sheng Chen, Founder and
Executive Chairman of VNET, commented, "We are pleased to host Dr.
Chu, Dr. Weisenmiller and this distinguished delegation from UCGEC,
and introduce our renewable energy initiatives at our
state-of-the-art Taicang data center campus. We are encouraged that
our prowess in high-quality data center development as well as
proactive green energy strategy received recognition and
appreciation from the UCGEC delegation. As a leading IDC enterprise
in China, VNET is deeply committed
to meeting the surging demand for computing power demand driven by
AI with green energy solutions. We embrace our social
responsibilities through relentless exploration of renewable
energies, with innovative projects showing great promise as
standard-bearers for our industry. Looking ahead, VNET will
continue to strengthen our cooperation with leading technology
companies and our customers to achieve our ESG targets and propel
low-carbon development."
About VNET
VNET Group, Inc. is a leading carrier- and cloud-neutral
Internet data center services provider in China. VNET provides hosting and related
services, including IDC services, cloud services, and business VPN
services to improve the reliability, security, and speed of its
customers' internet infrastructure. Customers may locate their
servers and equipment in VNET's data centers and connect to
China's internet backbone. VNET
operates in more than 30 cities throughout China, servicing a diversified and loyal base
of over 7,000 hosting and related enterprise customers that span
numerous industries ranging from internet companies to government
entities and blue-chip enterprises to small- to mid-sized
enterprises.
Safe Harbor Statement
This announcement contains forward-looking statements. These
forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"target," "believes," "estimates" and similar statements. Among
other things, quotations from management in this announcement as
well as VNET's strategic and operational plans contain
forward-looking statements. VNET may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about VNET's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: VNET's goals and strategies; VNET's expansion plans; the
expected growth of the data center services market; expectations
regarding demand for, and market acceptance of, VNET's services;
VNET's expectations regarding keeping and strengthening its
relationships with customers; VNET's plans to invest in research
and development to enhance its solution and service offerings; and
general economic and business conditions in the regions where VNET
provides solutions and services. Further information regarding
these and other risks is included in VNET's reports filed with, or
furnished to, the U.S. Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of this press release, and VNET undertakes no
duty to update such information, except as required under
applicable law.
Investor Relations Contact:
Xinyuan Liu
Tel: +86 10 8456-2121
Email: ir@vnet.com
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SOURCE VNET Group, Inc.
