Intelligent CIO reports that DeepGreenX, an AI-enabled green energy and technology firm, has entered into a framework agreement with Sente Ventures (Sente) to establish a comprehensive five-year programme aimed at investing $25 billion in companies focused on solutions for clean energy generation. This includes projects related to virtual grids, battery storage, microreactor power, as well as data centre infrastructure and enabling technologies.
The primary aim of this programme is to enhance profitability for participants in the green energy sector by enabling DeepGreenX to leverage its AI-powered data financialization platform. This technology is expected to transform the traditional landscape of green investment, which has often been reliant on government subsidies and regulations. Barclay Knapp, CEO of DeepGreenX, pointed out that “Green energy companies and projects have historically been heavily dependent upon favourable subsidies and regulations and therefore highly temporal.” He further elaborated that this new initiative will open a range of opportunities for such companies and projects, aiding DeepGreenX in establishing an international capital sourcing and data-driven platform that can overcome historical challenges within the industry.
Sente's CEO, Serhat Cicekoglu, echoed this sentiment, stating, “DeepGreenX’s platform is a paradigm shift for the industry, creating independent profitability for these companies and their deployment projects, thus making them highly attractive standalone investments.”
Funding for the programme will come from DXG-Hues, a joint venture between DeepGreenX and Hues Capital. This partnership is set to deploy two separate $5 billion funds, aimed specifically at green energy, artificial intelligence, and computing power initiatives across the United States, Europe, and Southeast Asia. Notably, the programme includes investment opportunities from prominent ecosystems such as those of Tencent and Softbank, suggesting a wide-ranging impact on the future of energy and technology integration.
The establishment of this investment programme marks a significant step towards reshaping the financing landscape for renewable energy projects, with its potential to influence not just environmental outcomes but also the broader technology sector through pioneering AI applications.
Source: Noah Wire Services