Mico Group has completed its acquisition of Dutch power equipment specialist NEM Energy through subsidiary Hyundai Power Systems, targeting rising demand for gas-fired generation serving artificial intelligence data centers. Founded in the Netherlands in 1929, NEM Energy has nearly a century of engineering experience and specializes in heat recovery steam generators (HRSGs), exhaust gas diverter systems (EDS) and tempered selective catalytic reduction (T-SCR) systems. Its next-generation DrumPlus HRSG is designed to improve startup performance as renewable generation expands and AI data centers create sharper swings in electricity demand. NEM Energy secured an HRSG order this year for Canada’s 1,864-megawatt Greenlight project and ranked first globally for cumulative HRSG orders through the first quarter, according to McCoy Power Reports. Mico plans to combine NEM Energy’s technology and North American customer base with Hyundai Power Systems’ manufacturing capacity, including production sites in South Korea and Vietnam. The group also aims to broaden its energy and environmental business through Plantec’s engineering, procurement and construction capabilities and Micropower’s solid oxide fuel cell technology, although declining renewable-energy and energy-storage costs could constrain the long-term growth of gas-fired power.