Hewlett Packard Enterprise Company (NYSE:HPE) disclosed that it has been commissioned by the Leibniz Supercomputing Center (LRZ) of the Bavarian Academy of Sciences and Humanities to develop its next high-performance computer, “Blue Lion.”

Contracts for the €250 million project (~$263 millio), signed on December 13, 2024, are jointly funded by Germany’s Federal Ministry of Education and Research and Bavaria’s State Ministry of Science and the Arts.

Set to launch in 2027, Blue Lion will advance cutting-edge research in Bavaria and support national science projects as part of the Gauss Center for Supercomputing (GCS).

Blue Lion will deliver 30 times the performance of its predecessor, SuperMUC-NG. It will support research across astrophysics, particle and quantum physics, fluid mechanics, natural and life sciences, cultural sciences, and more.

Built on next-generation HPE Cray technology, the supercomputer integrates advanced NVIDIA accelerators and processors. Notably, Blue Lion features 100% direct liquid cooling using up to 40°C warm water, allowing for efficient use of waste heat.

Prof. Dieter Kranzlmüller, Head of the Leibniz Supercomputing Center, said, “This increases the anticipation and even more the excitement of how the scientific community will use this system to make even better progress into new realms of knowledge. After all, it’s not about having the fastest supercomputer, but about providing the best possible support for cutting-edge research with our high-performance infrastructure.”

“Supercomputing plays a pivotal role for progress in science and society, as well as for national competitiveness. LRZ’s Blue Lion is another big step to reinforce Germany’s position as a leading region for supercomputing and AI innovation. Blue Lion will significantly advance LRZ’s computing capacity and also position them in a cutting-edge position with next-generation technologies that will set new standards for the future of supercomputing,” stated Heiko Meyer, Executive Vice President and Chief Sales Officer, Hewlett Packard Enterprise.

Investors can gain exposure to the stock via First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) and Roundhill Generative AI & Technology ETF (NYSE:CHAT).

Price Action: HPE shares are up 0.32% at $21.90 premarket at the last check Friday.

Read Next:

• HPE AI Servers and Cloud Strength Lead the Charge: Analysts Raise Price Forecasts

Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.

Get the latest stock analysis from Benzinga?

This article Hewlett Packard Enterprise And LRZ Team Up For Supercomputing Breakthrough: Details originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.