Hodler Investments and GCL Energy Investment have collaborated to develop a distributed energy infrastructure project in Ethiopia to provide power for next-generation data centers.

Promoting Ethiopia's data center market

The investment company Hodler Investments from the United Arab Emirates (UAE) has partnered with GCL Energy Investment to develop a distributed energy infrastructure project in Ethiopia. This project is expected to provide power for next-generation distributed computing data center clusters. Under the terms of the partnership, Hodler Investments and GCL Energy Investment, a subsidiary of Golden Concord Group, will jointly invest in viable and relevant energy projects.

According to a statement, Golden Concord Group will provide the necessary energy infrastructure to monetize Ethiopia's untapped power supply while still supporting the operations of data center operators. Strengthening infrastructure to support data centers aligns with Ethiopia's goal of scaling its data center market from $95 million in 2022 to $226 million by 2028.

Commenting on his company's partnership with the integrated energy service provider from China, Mohamed El Masri, CEO of Hodler Investments, said:

Our strategic partnership with GCL Group will accelerate the mission to build distributed energy infrastructure to provide power for clusters of computers optimizing wasted energy resources in the region. It will provide equitable energy infrastructure, reinforcing Africa's position in integrating data mining systems that support a sovereign digital economy.

Wang Dong, CEO of GCL Energy Investment, expressed hope that the partnership with Hodler Investments will help "address many challenges that the energy sector in Ethiopia is facing." He added that Hodler Investments' funding, combined with modern technology, could accelerate the decarbonization process and address the funding gap for renewable energy.

Before announcing the partnership with GCL Energy Investment, Hodler Investments announced a $500 million Digital Energy Infrastructure Fund (DEI). The goal of the fund is to invest in energy infrastructure projects that support the development of the digital economy.
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