HODLER Investments, a premier investment company headquartered in Dubai, has partnered with Abu Dhabi’s EHC Investment to launch ‘NEXGEN’ project.
NEXGEN will support the development of a compliant digital energy market to supply key energy infrastructure, monetizing wasted energy such as flared gas in the UAE, KSA, and Egypt with the focus on hosting global data center operators, reducing carbon emissions and contributing the Digital Energy Infrastructure (DEI) Fund.
The UAE is committed to accelerating the pace toward decarbonization. Over the past 15 years, the UAE has invested over $40 billion in clean energy projects. Globally, the UAE supports green infrastructure, investing approximately $16.8 billion in renewable energy projects across 70 countries, primarily in developing nations. In addition to this, it has offered over $400 million in aid and soft loans for clean energy initiatives.
Mohamed El Masri Managing Director – HOLDER Investments
“Our strategic alliance with EHC Investment will accelerate our mission to build distributed energy infrastructure to power compute clusters that optimize wasted energy resources and build equitable energy infrastructure that strengthens the regional position for integrating data mining systems that support a sovereign digital economy.”
Moustafa Rashad, Chief Executive Officer of EHC Investment, commented that, “Our partnership with HOLDER Investments will solve various challenges facing the energy sector in MENA. We believe that modern technology coupled with smart capital can accelerate decarbonization and address the renewable funding gap. This partnership will address market challenges of commercializing wasted and underutilized energy, while streamlining regulatory compliance for this newfound digital energy market, ensuring compliance with key systems and controls.”
HODLER Investments’ strategic partnership with EHC Investment comes after revealing its ongoing plans for a $500 million Digital Energy Infrastructure (DEI) Fund, which includes the participation of the UAE-based GEWAN holding.
The DEI will be established as a closed-ended Fund, subject to regulatory approvals and compliance requirements. The DEI Fund has already secured soft commitments from key investors and in-kind contributions, alongside offtake partners seeking energy and connectivity for A.I. and digital asset mining operations.
Ahmed Ebrahim, Managing Director of HODLER Investments, stated that, “Through this strategic partnership with EHC Investment, we are ensuring that the evolving regional market for modern data center applications will be built on equitable energy systems that will power on site, and remote data mining farms, including edge computing, bitcoin mining, AI and other critical compute applications.”
Ali Al Gebely, Managing Director of EHC Holding, expressed his enthusiasm and highlighted that the partnership aligns with their goal of shaping a clean energy transition for a sustainable future, and the significance of public and private investments in driving innovation.
Alaa Al Ali, Founder & Group CEO, Gewan Holding, added that the partnership with HODLER Investments will streamline sustainable capital to accelerate decarbonization projects in the region through the Digital Energy Infrastructure Fund.
