Supergreen Energy Corp Leads $4.5B AI-Energy Initiative in Zambia
Deal News | Jan 22, 2025 | EIN
Supergreen Energy Corporation, an innovative green energy company with offices in the USA and Singapore, has entered a Memorandum of Understanding with DGZN 140 Limited to deliver 1,500 megawatts of renewable energy to Zambia as part of a $4.5 billion project. This initiative forms part of Zambia's Presidential Initiative for Rural and Urban Electrification and will be completed by 2028. Utilizing their proprietary Tesdison AI technology, the project aims to provide a cost-effective and efficient power solution, addressing high energy costs and shortages while enhancing productivity across various sectors. This high-efficiency power generation technology, protected by numerous international patents, promises up to 99% energy efficiency and an uninterrupted supply of electricity, independent of utility connections. Supergreen's involvement is grounded in a public-private partnership framework involving multiple Zambian entities, including the Ministry of Energy and Zambia Development Agency. This collaboration underscores the strategic focus on sustainable energy and infrastructure development in Zambia and globally.
Sectors
- Renewable Energy
- Technology
Geography
- United States – Supergreen Energy Corporation is based in the United States, which plays a significant role in the development and application of their AI-Energy technology.
- Zambia – The project is focused on Zambia, where the energy will be distributed as part of a governmental strategic initiative.
Industry
- Renewable Energy – The article pertains to the development and implementation of renewable energy projects using innovative technology to provide clean power in Zambia.
- Technology – The use of patented Tesdison AI technology highlights the role of technological advancements in improving energy efficiency and reducing costs.
Financials
- $4.5 Billion USD – Total value of the renewable energy project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Supergreen Energy Corporation | Technology Provider | Company | An innovative green energy company providing patented AI-Energy technology solutions. |
| DGZN 140 Limited | Target Company | Company | A Zambian company facilitating a renewable energy initiative as part of a governmental strategy. |
| Zambian Ministry of Energy | Government Entity | Government | Governmental body involved in the energy strategy and implementation in Zambia. |
| Zambia Development Agency | Government Entity | Government | A governmental agency focused on economic development in Zambia by facilitating investment projects. |
| Calvin Cao | Founder and CEO of Supergreen Energy Corporation | Person | Leader of Supergreen Energy Corp, instrumental in securing and facilitating the energy deal in Zambia. |
| Gilbert Gilo Musinguzi | Executive Director and Chairman of DGZN | Person | Key figure in DGZN, supporting the implementation of the renewable energy project. |