Business Wire

DeepGreenX and Forest First International Announce the Launch of the World’s Largest Natural Asset Digitalization and Green Development Project

Share

DeepGreenX Group Inc. (“DeepGreenX,” “DXG,” or the “Company”), an AI-enabled green energy and technology company, and Forest First International Inc. ("Forest First") announced a strategic cooperation agreement (the “Agreement”) to promote the development of a green economy based on natural assets in the Maluku region of Indonesia, as well as plans to replicate this model in other regions.

The Agreement is founded on 60-year exclusive franchise rights to promote local sustainable economic growth that have been granted to Forest First by the local landowners’ alliance for natural resources in the Maluku region. The franchise rights cover over 1,300 islands and up to 70 million hectares (700,000 square kilometers) of land and coastal waters.

Through this Agreement, DeepGreenX and Forest First will be able to combine green energy with AI to drive digital economic development in Maluku, setting a framework for similar projects which the partners expect to develop throughout Southeast Asia and globally. The strategy is fully supported by multiple capital partners, with financing that is expected to reach $30 billion in the next 5-10 years.

“The Maluku project will provide a new model for balancing conservation and economic development around the world, as we look to achieve economic progress while leveraging green energy projects to support the development of a new digital economy,” said Njuguna Ndung'u, Chairman of DeepGreenX and former Minister of Economy and Finance and Central Bank Governor of Kenya. “We will prove to the world that nature and economic activities can coexist in harmony.”

“The Agreement aligns with DeepGreenX’s focus on providing AI-powered financialization solutions for various green energy markets,” said Lord Patrick Parsons, CEO of DeepGreenX Natural Assets “The interests of science, finance, and the world population must be harmonious to ensure we create a sustainable future.”

“As the world faces a shortage of energy resources, it is vital for the next generation that we promote long-term sustainability,” said Steven Loke, Founder and Chairman of Forest First International. “Working closely with our partners at DeepGreenX, we will quickly and efficiently build a better future.”

DeepGreenX and Forest First are fully committed to protecting the ecosystem of the Maluku region and improving the quality of life of local communities while promoting real economic progress. As a first step, the parties will explore the use of volcanic, geothermal, hydroelectric, and micro-nuclear power plants to provide energy for AI-based computing centers. This will subsequently support digital medical clinics, customer service centers, and medical agriculture in Southeast Asia.

About DeepGreenX

DeepGreenX is an AI-driven infrastructure platform company focused on the interconnection and monetization of clean energy, computing power, and data. Through its unrivaled ability to generate a “universal equivalent of value,“ DXG enables the full interoperability of financial and logistics systems and allows seamless asset exchanges.

DeepGreenX aims to become the global software-defined virtual connectivity operator and hyper-scaler driving the fusion of data acquisition with real world assets (RWA). By leveraging its growing Global Campus Network of AI agent hubs and its edge AI-enabled virtual grid, battery and energy storage, edge computing, and virtual manufacturing centers, DXG is creating the ultimate virtual marketplace of the new Green Economy.

For more information on DeepGreenX visit: www.DeepGreenX.net, www.youtube.com/@DeepGreenX-Media

View source version on businesswire.com: https://www.businesswire.com/news/home/20250105728056/en/

Contacts

Prosek Partners
Kiki Tarkhan / Forrest Gitlin
DeepGreenX@prosek.com
info@DeepGreenX.net

(c) 2024 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

KRAFTON Showcases AI Model ‘CPC’ Built with NVIDIA ACE at CES 20259.1.2025 03:37:00 CET | Press Release

KRAFTON (CEO Changhan ‘CH’ Kim) set a new milestone for the global gaming industry with the introduction of ‘CPC’ (Co-Playable Character), an NPC (Non-Player Character) brought to life with generative AI, in collaboration with NVIDIA, at the world’s largest IT exhibition CES 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250108628507/en/ Kangwook Lee, Head of the Deep Learning Division at KRAFTON (Photo: KRAFTON) On January 8, KRAFTON joined NVIDIA at the Fontainebleau Hotel in Las Vegas. KRAFTON showcased an innovative AI experience built with NVIDIA ACE technologies, presenting a bold vision for the future of gaming. Kangwook Lee, Head of the Deep Learning Division at KRAFTON, demonstrated CPC, describing it as “a groundbreaking character concept enabled by an on-device SLM (Small Language Model) for gaming, built with NVIDIA ACE.” He explained that unlike traditional NPCs, a CPC is capable of dynamic interactions wi

Andersen Global Expands Presence in the Netherlands with Member Firm Addition8.1.2025 15:30:00 CET | Press Release

Andersen Global further strengthens its platform in Northern Europe as Collegium Advisors, a former collaborating firm based in Rotterdam, becomes a member firm and adopts the Andersen brand. Andersen in the Netherlands offers a comprehensive suite of corporate advisory and valuation services, including sell-side M&A advisory, acquisition support, financial due diligence, corporate restructuring, and real estate advisory. The firm, led by Managing Partner Joachim Schulz, specializes in transaction advisory, valuations for accounting, statutory and tax compliance, corporate litigation, and strategy advisory. “Our firm is deeply committed to putting clients’ needs at the forefront,” said Joachim. “By working alongside the member and collaborating firms of Andersen Global, we expand our ability to deliver high-quality, integrated services and cross-border solutions, allowing us to better support our clients with their business needs.” Mark L. Vorsatz, Global Chairman and CEO of Andersen,

LR Health & Beauty Celebrates Its 40th Anniversary8.1.2025 15:04:00 CET | Press Release

The Social Commerce Company LR Health & Beauty is looking back on 40 years of company history this year. The company, which was founded in 1985, has developed into a global player in the direct selling industry in recent years. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250108836518/en/ LR Headquarters (Photo: Business Wire) LR Health & Beauty has been setting innovative trends in the nutritional supplements and cosmetics sector for 40 years. The unique selling point: The products are sold by independent sales partners who earn an additional income by recommending products and setting up their own business. "LR stands for quality, innovation and a strong people business that offers an attractive business model to people who want more flexibility, more self-fulfilment and financial independence," explains CEO Dr. Andreas Laabs. "We are proud of the past years and thank our partners, customers and employees who have made t

SLB awarded multi-region deepwater contracts by Shell to support capital-efficient energy development8.1.2025 14:26:00 CET | Press Release

Global energy technology companySLB (NYSE: SLB) has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250108998944/en/ The projects, which will be delivered over a three-year timeframe, will combine SLB’s AI-enabled digital drilling capabilities with its expertise in ultra-deepwater environments. (Photo: Business Wire) The projects, which will be delivered over a three-year timeframe, will combine SLB’s AI-enabled digital drilling capabilities with its expertise in ultra-deepwater environments. This approach will help SLB to repeatably and predictably deliver more consistent wells that improve cost efficiencies. “We are proud to continue our long-standing relationship with Shell through the fulfillment of th

ProTek Fiber expands full-fiber connectivity in rural Illinois with Adtran8.1.2025 14:00:00 CET | Press Release

Adtran today announced that ProTek Fiber is harnessing its flexible fiber access technology, including its Mosaic One SaaS and ALM fiber monitoring solution with deep PON assurance, to deliver full-fiber internet to underserved areas in Illinois. The deployment marks ProTek Fiber’s transition to fiber optic technology, having previously operated as a leading wireless internet service provider (WISP). Using Adtran’s AI-driven disaggregated solution, ProTek Fiber has begun offering high-quality broadband to residential subscribers. The expansion of the network enables thousands of people to work and study from home and access services such as telemedicine. The deployment is also expected to boost economic activity across the region. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250108386418/en/ Adtran’s fiber access technology is helping ProTek Fiber deliver high-speed broadband to long-underserved regions. (Photo: Business W

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye