Opportunity · Energy Systems + Building · APAC
Hyperscale build-outs create a coordinated cross-BU opportunity spanning power distribution and cooling controls.
Potential
$90M–$140M near-term
Attractiveness
86
Strategic fit
71
Confidence
Why now
Multiple APAC hyperscale and captive data-center sites entered procurement in the first half of 2026 — Sundara's three-site build and Nexa's $600M Hyderabad project among them. Helios has already won at least one adjacent power contract, so the opportunity is both real and contested; speed is now the deciding variable rather than capability.
Strategic fit
Uniquely for Meridian, a single data-center site pulls both Energy Systems (power distribution) and Building Technologies (cooling controls), so the differentiated move is a combined offer no single-line competitor can match. That advantage only materializes if the two BUs are coordinated into one account team; pursued separately, Meridian competes as two narrower vendors.
What could weaken the thesis.
What to investigate further.
What supports this opportunity — and how strongly.
APAC data-center power/cooling opportunity ~$90–140M near-term.
Announced MW × attach $
Contradicting evidence
Data-center power & cooling attach ~$1.9B serviceable for Meridian.
Announced MW × power/cooling $ per MW
Contradicting evidence
Regional analyst confirmed two Hyderabad sites are in procurement.