DeepGreenX and Veea (NASDAQ: VEEA) have announced a global strategic partnership to implement an AI-driven virtual energy grid. The initiative includes a US$140 billion lease-financed infrastructure over 5 years, with $2.8 billion allocated for Veea Edge Platform™ in 2025 as part of a $10 billion edge infrastructure investment. The partnership will transform sustainable energy sources into Real-World Assets through Veea’s cybersecure edge computing platform, enabling trading on DeepGreenX’s ECEx exchange. The platform will integrate blockchain, Edge AI OS, and energy management frameworks for virtual grid management.
DeepGreenX e Veea (NASDAQ: VEEA) hanno annunciato una partnership strategica globale per implementare una rete energetica virtuale guidata dall’AI. L’iniziativa include un infrastruttura finanziata in leasing da 140 miliardi di dollari per un periodo di 5 anni, con 2,8 miliardi di dollari destinati alla Veea Edge Platform™ nel 2025 come parte di un investimento totale di 10 miliardi di dollari in infrastrutture edge. La partnership trasformerà le fonti di energia sostenibile in beni reali attraverso la piattaforma di edge computing cybersicura di Veea, permettendo il trading sulla piattaforma ECEx di DeepGreenX. La piattaforma integrerà blockchain, Edge AI OS e framework di gestione energetica per la gestione della rete virtuale.
DeepGreenX y Veea (NASDAQ: VEEA) han anunciado una asociación estratégica global para implementar una red energética virtual impulsada por inteligencia artificial. La iniciativa incluye una infraestructura financiada mediante arrendamiento de 140 mil millones de dólares a lo largo de 5 años, con 2.8 mil millones de dólares asignados a la Veea Edge Platform™ en 2025 como parte de una inversión en infraestructura edge de 10 mil millones de dólares. La asociación transformará las fuentes de energía sostenibles en Activos del Mundo Real a través de la plataforma de computación perimetral cibersegura de Veea, permitiendo el comercio en el intercambio ECEx de DeepGreenX. La plataforma integrará blockchain, Edge AI OS y marcos de gestión energética para la gestión de la red virtual.
DeepGreenX와 Veea (NASDAQ: VEEA)는 AI 기반의 가상 에너지 그리드를 구현하기 위한 글로벌 전략 파트너십을 발표했습니다. 이 이니셔티브는 5년 동안 1,400억 달러에 달하는 임대 금융 인프라를 포함하며, 28억 달러가 2025년 Veea Edge Platform™에 배정되어 100억 달러의 엣지 인프라 투자 일환으로 진행됩니다. 이 파트너십은 Veea의 사이버 보안 엣지 컴퓨팅 플랫폼을 통해 지속 가능한 에너지원으로부터 실제 자산으로의 변환을 촉진하며, DeepGreenX의 ECEx 거래소에서 거래할 수 있도록 합니다. 또한 이 플랫폼은 블록체인, Edge AI OS 및 가상 그리드 관리를 위한 에너지 관리 프레임워크를 통합할 것입니다.
DeepGreenX et Veea (NASDAQ: VEEA) ont annoncé un partenariat stratégique mondial pour mettre en œuvre une grille énergétique virtuelle pilotée par l’IA. L’initiative comprend une infrastructure financée par le biais de leasing de 140 milliards de dollars sur 5 ans, avec 2,8 milliards de dollars alloués à la Veea Edge Platform™ en 2025 dans le cadre d’un investissement de 10 milliards de dollars dans les infrastructures de périphérie. Ce partenariat va transformer les sources d’énergie durables en actifs réels grâce à la plateforme de calcul en périphérie cybersécurisée de Veea, permettant les échanges sur la bourse ECEx de DeepGreenX. La plateforme intégrera la blockchain, Edge AI OS et des cadres de gestion de l’énergie pour la gestion de la grille virtuelle.
DeepGreenX und Veea (NASDAQ: VEEA) haben eine globale strategische Partnerschaft angekündigt, um ein KI-gesteuertes virtuelles Energienetz zu implementieren. Die Initiative umfasst eine leasingfinanzierte Infrastruktur von 140 Milliarden US-Dollar über 5 Jahre, wobei 2,8 Milliarden Dollar im Jahr 2025 für die Veea Edge Platform™ vorgesehen sind, als Teil einer 10 Milliarden Dollar Investition in Edge-Infrastruktur. Diese Partnerschaft wird nachhaltige Energiequellen in reale Vermögenswerte umwandeln, indem sie die cybersichere Edge-Computing-Plattform von Veea nutzt, die den Handel an der ECEx-Börse von DeepGreenX ermöglicht. Die Plattform wird Blockchain, Edge AI OS und Energiemanagement-Rahmenbedingungen für die Verwaltung des virtuellen Netzes integrieren.
Positive
- Secured massive US$140 billion lease-financing infrastructure deal over 5 years
- Allocated $2.8 billion for Veea Edge Platform™ deployment in 2025
- Part of larger $10 billion investment in edge infrastructure
- Partnership enables monetization of sustainable energy assets through ECEx exchange
Negative
- Large capital expenditure requirements and financial commitments
- Complex implementation involving multiple technologies and partners
Insights
The strategic partnership between DeepGreenX and Veea represents a significant financial commitment with potential transformative impact on both companies. The deal includes
The partnership’s focus on monetizing Real-World Assets through their ECEx exchange platform, combined with carbon credit trading and AI-driven energy management, creates multiple revenue streams. The involvement of major partners like Nvidia, Qualcomm and Honeywell adds credibility to the technical infrastructure. However, investors should note that executing such a large-scale project carries significant operational and financial risks, particularly given Veea’s current size relative to the project scope.
This partnership introduces a groundbreaking technological framework combining several cutting-edge elements: Edge Computing, Contextual AI and blockchain technology for energy management. The platform’s architecture is particularly innovative in its approach to decentralized infrastructure, utilizing GPU-as-a-Service and federated learning at the edge – critical for real-time energy grid management and trading.
The integration with Honeywell Tridium Niagara framework provides robust energy management capabilities, while partnerships with Sway.ai and Builder.ai enhance the AI development ecosystem. The platform’s ability to support multiple equipment vendors and diverse applications, from peer-to-peer energy trading to predictive maintenance, demonstrates remarkable versatility. This technological foundation could potentially revolutionize energy distribution and trading systems globally.
Veea will support DeepGreenX’s implementation of a global AI-driven virtual energy grid with
DeepGreenX Group Inc. (“DeepGreenX” or “the Company”), an AI-enabled green energy and technology company, and Veea Inc. (NASDAQ: VEEA), a pioneer in edge computing and AI-driven solutions, announced a global partnership for a visionary initiative to roll-out a transformative platform for accelerating the transition to global green energy. The AI-driven operating system for energy markets is a Web 3.0 platform-as-a-service (PaaS) supported by Veea’s cybersecure edge computing platform providing for a Decentralized Physical Infrastructure Network (DePIN) with virtualized software development environment for developer communities to develop applications with blockchain and Contextual AI.
The farsighted platform to be deployed, with up to
“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,” said Barclay Knapp, Chief Executive Officer of DeepGreenX. “With the significant lease financing in the range of billions of dollars committed by DeepGreenX to deploying this infrastructure with Veea, we are confident that we are going to be able to address the immediate needs of the energy industry across many regions.”
“We are thrilled in leading the implementation of an AI-driven hyperconverged platform globally for a leading-edge and highly innovative usage-based business model for datafication-to-monetization of energy-based RWA and big data that has been brought about by DeepGreenX,” stated Allen Salmasi, co-founder and CEO of Veea. “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.”
Veea’s full-stack middleware offers a form of an operating system (OS) for a decentralized and distributed next-generation Web 3.0 platform supporting federated learning for inferencing and training of Contextual AI models at the edge. Veea Edge AI OS leverages cutting-edge technologies, network solutions and strategic partnerships with leading companies, including Sway.ai, Builder.ai, New Native, SUI Foundation, Nvidia, Qualcomm Inc., Honeywell Tridium, Viasat, Starlink, and a number of 5G network operators. The combined capabilities of blockchain, 5G Multiaccess Edge Computing (MEC), Edge AI OS, and Honeywell Tridium Niagara energy management framework, facilitated by a highly efficient cloud-managed GPU-as-a-Service over a decentralized infrastructure for AI-driven virtual grid management, redefines how businesses and governments address their most critical energy production and distribution challenges.
Veea’s Edge AI OS is architected to support a wide range of edge products by multiple equipment vendors, ensuring versatility and adaptability facilitating breakthrough AI-driven innovations for energy industry along with applications for a diverse set of industries with business use cases such as peer-to-peer energy trading in decentralized energy grids on the global ECEx exchange, enhancing inventory tracking, demand forecasting for supply chain management, utilizing sensory data for predictive maintenance, or time-of-day pricing for EV charging stations or appliance usage.
About DeepGreenX
Founded in 2020 and headquartered in
About Veea
Veea® makes living and working at the edge simpler and more secure. Veea has unified multi-tenant computing, multiaccess multiprotocol communications, edge storage and cybersecurity solutions through fully integrated cloud- and edge-managed products. Veea’s pioneering Multiaccess Edge Computing (MEC) product developed from the ground up in a compact form factor brings together the functionality typically provided for through any combination of servers, Network Attached Storage (NAS) devices, routers, firewalls, Wi-Fi Access Points (APs), IoT gateways, 4G or 5G wireless access, and Cloud Computing (CC) by means of multiple hardware, software and systems integrated and maintained by IT/OT professionals. Compared to such solutions, Veea Edge Platform offers application responsiveness, bolsters cybersecurity, data privacy and context awareness, and lowers data transport costs as well as total cost of ownership, while providing for easy installation, operations, monitoring and maintenance of edge networks. At the heart of VeeaHub products resides a Linux server with a full-stack virtualized software environment for cloud-native applications that run in Secured DockerTM containers, with a high degree of user data and application isolation, Software Defined Networking (SDN), Network Function Virtualization (NFV) and cybersecurity, delivering hyperconverged networking over a connectivity and computing mesh network. The fully integrated turnkey solution offers end-to-end cloud management of devices, applications and services with Zero Trust Network Access (ZTNA) and, optionally, a highly simplified plug and play 5G-based Secure Access Service Edge (SASE) offering. Veea Edge Platform enables direct connections from the wide area optical fiber, cellular and satellite networks to the local area networks created by a VeeaHub mesh cluster over cellular-like network-managed Wi-Fi and IoT devices – a unique patented capability called network slicing. Veea Developer Portal and development tools provide for rapid development of edge applications, optionally, with Edge AI. Veea has implemented a range of cost-effective solutions for B2B and B2B2C offerings through service providers, channel partners, system integrators, enterprise partners, and government agencies for smart retail, smart construction, smart logistics and warehouses, smart farms and greenhouses, smart buildings, smart schools, smart hospitals, smart museums to smart cities. Veea was formed in 2014 and is headquartered in
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.
Examples of forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s upcoming technology deployments, partnerships, and anticipated commencement dates. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Veea’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. If any of these risks materialize or the parties’ assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. There may be additional risks that Veea presently knows or currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Veea assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241120647795/en/
Media Contact:
James Christopherson
Sterling Communications for Veea Inc.
veea@sterlingpr.com
Source: Veea Inc.
FAQ
What is the value of the lease financing deal between DeepGreenX and Veea (VEEA)?
The partnership includes US$140 billion in lease-financed infrastructure over 5 years, with $2.8 billion allocated for Veea Edge Platform™ in 2025 as part of a $10 billion edge infrastructure investment.
What technologies will Veea (VEEA) implement in the DeepGreenX partnership?
Veea will implement blockchain, 5G Multiaccess Edge Computing (MEC), Edge AI OS, and Honeywell Tridium Niagara energy management framework for AI-driven virtual grid management.
What is the main purpose of the DeepGreenX and Veea (VEEA) partnership?
The partnership aims to implement a global AI-driven virtual energy grid that transforms sustainable energy sources into tradeable Real-World Assets on DeepGreenX’s ECEx exchange.