DeepGreenX Secures Strategic Investment from ADIB to Drive $140 Billion in Global Green Energy Projects
DeepGreenX Group Inc. (“DeepGreenX”), an AI-enabled green energy technology firm, has announced a landmark partnership with Asia Development & Investment Bank Holdings Ltd. (“ADIB”). Under this agreement, ADIB will make a strategic equity investment in DeepGreenX and commit to providing $140 billion worth of engineering, procurement, and construction (EPC) and data management projects over the next six years. Additionally, ADIB will manage an exclusive $140 billion Leasing Fund to support the expansion of green energy initiatives worldwide. Following this deal, ADIB will acquire a 36% equity stake in DeepGreenX, with all EPC and management fees directed to the Company.
A New Financial Model to Accelerate Green Energy Transition
The Leasing Fund aims to establish a robust financial framework to support green energy projects globally. By creating a cross-border financial ecosystem, DeepGreenX and ADIB plan to facilitate the deployment of various AI-driven solutions in green energy. Targeted sectors include green data centers, low-energy computing, small nuclear reactors, energy storage, alternative fuel production (e.g., hydrogen, ammonia, and natural gas), and virtual power grids.
Sam Yu Sun, Chairman of DeepGreenX and CEO of ADIB Holdings, remarked:
“Many viable green energy projects struggle due to the lack of a comprehensive global financial ecosystem, even in regions like Europe with strong green policies. DeepGreenX is at the forefront of building the technological and financial infrastructure needed to capitalize on the green energy transition. This partnership marks a significant step in empowering public and private organizations to monetize environmental data, aligning sustainability with profitability.”
DeepGreenX’s Vision for Sustainable Growth
DeepGreenX is committed to leading the green energy revolution by merging sustainability with profitability. Utilizing an AI platform-as-a-service (PaaS) model, the company transforms sustainable energy data and real-world assets into tradeable financial instruments. This enables seamless monetization on a growing network of digital platforms. DeepGreenX is spearheaded by a team of industry veterans, including CEO Barclay Knapp, co-founder of NTL Incorporated, which played a pivotal role in forming Virgin Media.
Barclay Knapp emphasized the significance of this initiative:
“This partnership will unlock crucial pathways for the global expansion of green energy industries, addressing the historic lack of cross-border capital and scalable business models. Much like lease financing revolutionized the automotive and aerospace sectors, we believe this fund will drive similar advancements in the alternative energy space. Our collaboration with ADIB is the culmination of over three years of planning, setting the stage for a new era where sustainability aligns with long-term profitability.”
ADIB’s Role in Shaping the Future of Green Finance
As a key player in global energy and infrastructure financing, ADIB is dedicated to fostering innovative financial solutions. The bank operates in collaboration with the World Islamic Economic Forum Foundation and receives backing from sovereign wealth funds and major financial institutions. Through this partnership, ADIB will utilize its Central Bank Digital Currency (CBDC) platform, incorporating emerging digital currencies to facilitate seamless integration with future digital versions of the dollar and euro.
This alliance positions DeepGreenX and ADIB at the forefront of a transformative shift in the green energy landscape, paving the way for a more sustainable and profitable future. Together, they aim to accelerate the global transition to green energy, driving innovation and financial growth across multiple sectors.
