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DeepGreenX and Veea Partner to Transform Global Green Energy
Slice of Energy Team
November 22, 2024
Key Highlights:
DeepGreenX and Veea announce a $10 billion edge infrastructure investment, with $2.8 billion allocated for Veea Edge Platform™ in 2025.
AI-driven operating system for energy markets leverages blockchain, Contextual AI, and Decentralized Physical Infrastructure Networks (DePIN).
Global ECEx exchange to trade green energy RWAs and carbon credits, integrating Veea’s decentralized IoT and dMRV technologies.
Innovative applications include peer-to-peer energy trading, EV pricing optimization, and predictive maintenance solutions.
Strategic partnerships with Nvidia, Qualcomm, Honeywell Tridium, and others bolster platform capabilities.
Source: Business Wire
Notable Quotes:
“Real-time application of contextual AI with Veea’s groundbreaking platform to DeepGreenX’s virtual energy grid and other initiatives such as carbon credits promises to address some of the world’s most pressing energy challenges.”
“The notion of a global virtual energy grid managed through a terrestrial- and satellite-based network supported by an AI-driven platform is truly revolutionary as it ultimately can provide for a market-based production and distribution of energy with real-time matching of supply and demand in every corner of the world.”
Our Take:
The partnership between DeepGreenX and Veea marks a significant milestone in the global energy transition. Combining DeepGreenX’s expertise in green energy asset financialization with Veea’s advanced edge computing platform creates an ecosystem ripe for innovation. The introduction of blockchain-based decentralized energy markets and AI-driven insights offers unprecedented opportunities for governments and businesses to meet sustainability goals. This collaboration underscores the critical role of cutting-edge technology in driving global green energy adoption, presenting a scalable solution to the energy industry’s most pressing challenges.