MiCo completes NEM Energy acquisition amid AI-driven gas power boom

MiCo Group has completed its acquisition of Dutch power equipment maker NEM Energy to tap surging demand for gas-fired power plants driven by AI and data center electricity needs in North America. The group said its subsidiary Hyundai Heavy Industries Power Systems completed payment on Tuesday, formally closing the deal. MiCo plans to combine NEM Energy’s engineering expertise and customer network with HPS’ manufacturing capacity to strengthen its gas-fired power position. NEM specializes in heat recovery steam generators and related equipment for gas combined-cycle plants.

NEM Energy was founded in the Netherlands in 1929 and specializes in heat recovery steam generators, exhaust gas diverter systems, and exhaust-gas treatment equipment.

According to McCoy Power Reports, NEM ranked first globally in cumulative HRSG orders between 1980 and the first quarter of 2026.

NEM recently won an HRSG contract for the 1,864-megawatt Greenlight project in Canada.

MiCo plans to expand production capacity in Korea, Vietnam and other locations to pursue large-scale projects in North America.

Published Sep 10, 2026 8:00 am KST

This photo shows an overview of Diamantina Power Station in Queensland, Australia. NEM Energy supplied heat recovery steam generators and exhaust gas diverter systems for the facility. Courtesy of MiCo Group

MiCo Group has completed its acquisition of Dutch power equipment maker NEM Energy, seeking to capitalize on surging demand for gas-fired power plants as the rapid expansion of artificial intelligence (AI) and data centers strains electricity supplies in North America.

MiCo said Tuesday that its subsidiary Hyundai Heavy Industries Power Systems (HPS) had completed payment for acquiring NEM Energy, formally closing the deal.

The group plans to combine NEM Energy’s engineering expertise and global customer network with HPS’ large-scale manufacturing capabilities to strengthen its position in the gas-fired power market, particularly in North America.

The acquisition comes as power availability has emerged as a critical constraint on the expansion of AI infrastructure. The construction of data centers for generative AI and cloud services is driving electricity demand sharply higher, while utilities and developers are turning to gas-fired generation to provide stable power alongside renewable sources.

Major gas turbine manufacturers, including GE Vernova and Siemens Energy, have seen their order logs fill rapidly through 2030, underscoring the growing demand for new gas-fired generation capacity.

MiCo said NEM Energy’s technology could give the group an edge in this market. Founded in the Netherlands in 1929, NEM specializes in heat recovery steam generators (HRSGs), a key component of gas combined-cycle power plants, as well as exhaust gas diverter systems and exhaust-gas treatment equipment.

According to McCoy Power Reports, NEM ranked first globally in cumulative HRSG orders between 1980 and the first quarter of 2026. The company has supplied equipment across North America, Europe, Asia and the Middle East, giving it an established customer base in major power markets.

One of its key technologies is DrumPlus, a next-generation HRSG designed to enable faster plant start-ups than conventional systems. The technology is intended to meet growing demand for more flexible gas-fired plants that can quickly adjust output as renewable generation fluctuates and data centers create sudden changes in electricity demand.

NEM recently secured an HRSG contract for the 1,864-megawatt Greenlight project in Canada, further strengthening its presence in the North American market.

MiCo plans to connect NEM’s customer network in North America with HPS’ manufacturing capabilities and expand production capacity in Korea, Vietnam and other locations to pursue large-scale projects in the region.

“By combining NEM Energy’s technology and global customer base with HPS’ production capabilities, we will grow into a key beneficiary of the global gas-power market," HPS CEO Ha Tae-hyung said.

“MiCo Group will evolve beyond gas-fired power into a comprehensive energy company covering the global energy and environment market over the long term," he said.

MiCo集团已完成对荷兰电力设备制造商NEM Energy的收购，旨在满足北美人工智能和数据中心电力需求激增带来的燃气发电厂需求。该集团表示，其子公司现代重工电力系统公司（Hyundai Heavy Industries Power Systems，HPS）已于周二完成付款，正式完成此次交易。MiCo计划将NEM Energy的工程技术和客户网络与HPS的制造能力相结合，以巩固其在燃气发电领域的地位。NEM专注于燃气联合循环电厂的余热回收蒸汽发生器及相关设备。

NEM Energy 于 1929 年在荷兰成立，专门从事余热回收蒸汽发生器、废气分流系统和废气处理设备。

根据 McCoy Power Reports 的数据，从 1980 年到 2026 年第一季度，NEM 在累计 HRSG 订单方面位居全球第一。

NEM 最近赢得了加拿大 1,864 兆瓦 Greenlight 项目的 HRSG 合同。

MiCo计划扩大在韩国、越南和其他地区的产能，以在北美开展大型项目。

发布于2026年9月10日上午8:00（韩国标准时间）

这张照片展示了位于澳大利亚昆士兰州的迪亚曼蒂纳发电站的全景。NEM Energy公司为该电站提供了余热回收蒸汽发生器和废气分流系统。照片由MiCo集团提供。

MiCo集团已完成对荷兰电力设备制造商NEM Energy的收购，旨在利用人工智能（AI）和数据中心快速扩张给北美电力供应带来压力，从而推动燃气发电厂需求激增的局面。

MiCo周二表示，其子公司现代重工电力系统（HPS）已完成对NEM Energy的收购付款，正式完成交易。

该集团计划将 NEM Energy 的工程技术专长和全球客户网络与 HPS 的大规模制造能力相结合，以加强其在燃气发电市场，尤其是在北美市场的地位。

此次收购正值电力供应成为人工智能基础设施扩张的关键制约因素之际。用于生成式人工智能和云服务的数据中心建设正大幅推高电力需求，而公用事业公司和开发商正转向燃气发电，以在可再生能源之外提供稳定的电力供应。

包括 GE Vernova 和西门子能源在内的主要燃气轮机制造商的订单已迅速排满至 2030 年，这凸显了对新的燃气发电能力日益增长的需求。

MiCo表示，NEM Energy的技术可以使该集团在这个市场中获得优势。NEM于1929年在荷兰成立，专门从事余热回收蒸汽发生器（HRSG）的生产，这是燃气联合循环发电厂的关键部件，此外，NEM还生产废气分流系统和废气处理设备。

根据 McCoy Power Reports 的数据，NEM 在 1980 年至 2026 年第一季度期间的累计 HRSG 订单量位居全球第一。该公司已向北美、欧洲、亚洲和中东地区供应设备，在主要电力市场拥有稳固的客户基础。

其关键技术之一是DrumPlus，这是一种新一代余热锅炉，旨在比传统系统更快地启动电厂。该技术旨在满足日益增长的对更灵活的燃气电厂的需求，这些电厂能够随着可再生能源发电量的波动和数据中心造成的电力需求突变而快速调整输出。

NEM 最近获得了加拿大 1,864 兆瓦 Greenlight 项目的 HRSG 合同，进一步巩固了其在北美市场的地位。

MiCo计划将NEM在北美的客户网络与HPS的制造能力连接起来，并在韩国、越南和其他地区扩大产能，以在该地区开展大规模项目。

HPS首席执行官河泰亨表示：“通过将NEM Energy的技术和全球客户群与HPS的生产能力相结合，我们将成长为全球燃气发电市场的主要受益者。”

“从长远来看，MiCo集团将超越燃气发电，发展成为一家覆盖全球能源和环境市场的综合性能源公司，”他说道。