Hodler Investments and EHC Investment Partner to Launch NEXGEN, a Digital Energy Market

Hodler Investments, a Dubai-based firm specializing in energy, AI, and digital asset mining, has formed a strategic partnership with EHC Investment of Abu Dhabi to launch NEXGEN. This joint venture aims to monetize wasted energy, such as flared gas, and utilize it to power datacenters in the UAE, KSA, and Egypt.

NEXGEN will play a pivotal role in establishing a compliant digital energy market. By tapping into wasted energy resources, the project will provide a sustainable and efficient power supply for vital infrastructure. This initiative aligns with the UAE's commitment to decarbonization and the broader global efforts to reduce carbon emissions.

Key Objectives of NEXGEN:

• Monetizing Wasted Energy: NEXGEN will leverage flared gas and other underutilized energy sources to generate electricity.
• Supporting Data Centers: The project will power datacenters in the UAE, KSA, and Egypt, catering to the growing demand for computing resources.
• Reducing Carbon Emissions: By utilizing wasted energy, NEXGEN will contribute to reducing greenhouse gas emissions.
• Supporting the DEI Fund: The project will contribute to the Digital Energy Infrastructure (DEI) Fund, a local initiative focused on decarbonization innovation.

UAE's Commitment to Decarbonization:

The UAE has been a strong advocate for decarbonization efforts. Over the past 15 years, the country has invested more than US$40 billion in clean energy projects. Globally, the UAE has supported green infrastructure initiatives, investing approximately $16.8 billion in renewable energy projects across 70 countries.

Partnership Benefits:

• Addressing Energy Challenges: The partnership between Hodler Investments and EHC Investment will address various challenges facing the energy sector in the MENA region.
• Accelerating Decarbonization: The joint venture will leverage modern technology and smart capital to drive decarbonization efforts.
• Building Distributed Energy Infrastructure: NEXGEN will focus on creating distributed energy infrastructure to power compute clusters and optimize wasted energy resources.
• Strengthening Regional Position: The project will contribute to strengthening the regional position for integrating data mining systems and supporting a sovereign digital economy.

DEI Fund and Future Plans:

Hodler Investments has previously announced its plans for a $500 million Digital Energy Infrastructure (DEI) Fund with the participation of GEWAN Holding. The partnership with EHC Investment will further enhance these efforts.

The collaboration between Hodler Investments and EHC Investment signifies a significant step towards a more sustainable and efficient energy future in the MENA region. By monetizing wasted energy and powering datacenters, NEXGEN will contribute to the region's decarbonization goals and support the growth of the digital economy.

September 2024, Cryptoniteuae