DeepGreenX Group Inc. (DXG), an AI-enabled green energy and technology company, and Hues Capital (Hues), a leader in financial technology and sustainable energy investments, have launched a $10 billion fund to drive global advancements in artificial intelligence (AI), green energy, and computing power. The fund, based in the EU, is designed to accelerate sustainability initiatives and foster innovation in key industries.
The fund comprises two $5 billion sub-funds: the DXG-Hues AI Computing Infrastructure Fund, focused on investments in AI computing power and green energy infrastructure, and the DXG-Hues AI Energy Fund, targeting emerging enterprises in AI ecosystems, fintech, and green energy. DeepGreenX and Hues will equally co-manage the fund, holding 50% stakes each.
“We are thrilled to launch this new Fund with Hues, which is a product of our shared vision that new, innovative capital sources are required for these new, innovative ecosystems. With this collaboration, we are taking a bold and strategic step forward in harnessing AI-driven computing power, advancing sustainable energy solutions, and catalysing innovative financial systems,” said Barclay Knapp, CEO of DeepGreenX. “We believe this Fund will provide substantial financial resources to high-impact enterprises and projects, accelerating the transition to a global green economy while promoting long-term sustainability.”
The leadership team includes notable figures such as Miao Wei, former Vice President of Alibaba Cloud, and Dr. Chen Jidong, former Vice President of Ant Group’s Digital Technology Division. Their expertise underscores the fund’s focus on leveraging advanced technology for global sustainability.
DeepGreenX is a rapidly evolving platform connecting green energy, sustainable computing power, and AI developer communities with advanced digital trading and banking systems. Leveraging its AI platform-as-a-service (AI PaaS) model, the company transforms data into verified digital financial instruments, such as renewable energy certificates and DXG-branded tokens, enabling efficient monetization for enterprise clients. With a network of over 190,000 AI developers, the company aims to integrate human and artificial intelligence to advance green energy initiatives and sustainable computing power.
Hues Capital, led by Dr. Lai, is known for enabling large-scale financial technology ecosystems and bridging AI with green energy solutions. With global institutional limited partners, Hues aims to establish a globally integrated ecosystem to drive innovation and sustainability across industries.
“This fund exemplifies the synergies between our two organizations, uniting expertise in AI, green energy, and computing power to create impactful solutions,” said Dr. Lai. “Together, we aim to bridge cutting-edge technologies with sustainable energy solutions, advancing global sustainability goals.”
