Veea Partners with DeepGreenX to Launch $140 Billion AI-Powered Energy Initiative

Veea will back DeepGreenX’s development of a global AI-driven virtual energy grid, backed by $140 billion in lease-financed infrastructure over the next five years.

DeepGreenX Group Inc. (“DeepGreenX” or “the Company”), a technology leader in AI-enabled green energy, has joined forces with Veea Inc. VEEA, known for its innovations in edge computing. Together, they aim to create a groundbreaking platform that will help accelerate the move toward global green energy. This AI-driven operating system, designed for energy markets, utilizes Web 3.0 technology and is supported by Veea’s secure edge computing architecture. It will serve as a Decentralized Physical Infrastructure Network (DePIN), offering a virtualized environment for developers to create applications that leverage blockchain and Contextual AI.

The ambitious plan includes deploying up to $2.8 billion in lease financing by 2025 for Veea Edge Platform™ as part of a larger $10 billion investment in edge infrastructure. This initiative will transform sustainable energy sources—like hydro, wind, geothermal, and alternative fuels (such as hydrogen and LNG)—into Real-World Assets (RWA). Additionally, the platform aims to produce actionable insights and tradable financial instruments available on DeepGreenX’s global ECEx exchange. Carbon credits from natural and industrial sources, tracked using digital Measurements, Reporting, and Verification (“dMRV”) via Veea’s platform, will also be available for trading on ECEx.

“The real-time use of contextual AI in DeepGreenX’s energy grid and carbon credit initiatives has the potential to tackle urgent energy issues worldwide,” stated Barclay Knapp, CEO of DeepGreenX. “With billions in lease financing committed to this venture with Veea, we are poised to meet the immediate needs of the energy sector across various regions.”

“We are excited to lead the rollout of a globally integrated AI-driven platform,” said Allen Salmasi, co-founder and CEO of Veea. “The concept of a managed global virtual energy grid, utilizing both terrestrial and satellite networks, is truly groundbreaking. It will allow for market-based energy production and distribution with real-time supply and demand alignment everywhere.”

Veea’s full-stack middleware acts like an operating system for a decentralized, next-generation Web 3.0 platform. It supports federated learning for training Contextual AI models at the edge. The Veea Edge AI OS harnesses modern technologies and collaborates with strategic partners such as Sway.ai, Builder.ai, Nvidia, and Honeywell, among others. Combining blockchain technology, 5G Multiaccess Edge Computing (MEC), and various energy management frameworks allows governments and businesses to better address significant energy challenges.

Designed to support many edge products from different manufacturers, Veea’s Edge AI OS ensures adaptability and promotes significant innovations within the energy sector. It also facilitates diverse applications, including peer-to-peer energy trading on the ECEx exchange, advanced inventory management, predictive maintenance, and dynamic pricing for electric vehicle charging stations.

About DeepGreenX

Founded in 2020 and headquartered in Seoul, DeepGreenX Group Inc. is dedicated to digital transformation and green energy. The company offers AI and financial solutions for sustainable initiatives and has a presence in 20 cities across four continents, including Asia and Europe. By leveraging its proprietary AI technology, DeepGreenX helps businesses identify and monetize green energy assets on a global scale. For more information, visit: www.DeepGreenX.com.

About Veea

Veea^® simplifies secure edge computing for businesses. Their solutions integrate various computing and communication technologies, offering significant advantages in application responsiveness and cybersecurity. The Veea Edge Platform is designed to enhance IT processes, reduce costs, and support effortless installation and management. Central to the VeeaHub products is a Linux server that facilitates a range of services, including real-time cloud management with built-in cybersecurity features. This unique system fosters direct connections from optical fiber, cellular, and satellite networks to localized mesh networks, promoting a secure and efficient edge computing environment.