The funds will source investments to harden the national power grid against natural disasters, while spurring innovation in renewable energy and electric-powered buildings and autos.
The proliferation of funds and projects at every scale is a feature, not a bug, of a market that will put trillions of dollars into decarbonizing the economy.
South Korea's major data center fire was said to be triggered by lithium ion battery failure. With the country being a major producer of these batteries, their economy faces even more uncertainty.
Following a major outage caused by a data center fire, South Korea cracks down on data center operations by promising more regulation of the industry in that country.
SPAC-backed Vertiv follows Salesforce and Splunk as a target of activist hedge fund Starboard Value. The fund has taken major positions in all three companies this week with an eye on pushing operational improvements at the firms.