Aiming to export 2 MTPA of green fuels, this partnership positions India as a leader in global decarbonization efforts.

HYDERABAD, India, Jan. 14, 2025 /PRNewswire/ — AM Green, a leader in green hydrogen and ammonia production, has partnered with DP World, a global logistics leader, to create a sustainable supply chain for green fuels and chemicals. This collaboration will significantly enhance global decarbonisation efforts by enabling seamless exports to key consumption markets.

Under the Memorandum of Understanding (MOU), signed in December, DP World and AM Green will jointly develop logistics and storage infrastructure to facilitate the global export of 1 million tonnes per annum (MTPA) of green ammonia and 1 MTPA of green methanol. This includes:

Developing port infrastructure across AM Green Net-Zero Industrial Clusters to facilitate global exports,Developing bunkering infrastructure across Dubai, India, and Southeast Asia for green ammonia and methanol supplied from AM Green plants,Establishing strategic terminal infrastructure across the European Union, Far East, and UAE to provide the required zero carbon supply chain to support their transition to a low carbon economy.

AM Green is developing multiple projects across India, using renewable energy sources, including solar, wind and hydroelectric power, to produce Sustainable Aviation Fuel (SAF), green ammonia, green hydrogen, chemicals and biofuels. It has an ambitious target of 5 MTPA of production capacity by 2030, that will make a significant contribution to India’s net-zero targets and global decarbonization goals. The company has already taken a final investment decision for a 1 MTPA Green Ammonia plan in Kakinada, Andhra Pradesh on India’s eastern coast.

Mahesh Kolli, Founder, Greenko Group & AM Green, stated: “We are committed to contributing to India’s ambition of emerging as a green energy exporter and we are excited to partner with DP World to build a world-class infrastructure for the global movement of green molecules. This strategic partnership will enable us to efficiently export green Ammonia, green methanol, and other sustainable fuels, enhancing the global green supply chain and supporting the global shift to a low-carbon economy.”

Yuvraj Narayan, Group Deputy CEO and CFO, DP World Group, said: “DP World aims to be essential to the future of global trade, ensuring everything it does has a long-lasting positive impact on economies and societies. As part of our commitment to driving sustainable supply chains, partnering with AM Green allows us to harness our expertise in logistics and infrastructure to facilitate the global distribution of clean fuels and chemical products. Together, we aim to play a pivotal role in enabling a low-carbon economy and advancing global sustainability goals.”

About AM Green: AM Green is promoted by founders of Greenko Group, which is among India’s leading renewable energy conglomerates. Greenko Group has experience in building, owning and operating renewable assets and is in the process of constructing mega closed loop pumped storage assets which will enable supply of round the clock power at a very competitive rate. The founders have established AM Green as a new energy transition platform. AM Green’s target is to produce Sustainable Aviation Fuel, Green Ammonia, Green Hydrogen, Green Chemicals and biofuels and to set up related technology partnerships and services through its various business verticals which are housed in the subsidiaries of AM Green. AM Green will house production of green chemicals, green hydrogen, and biofuels. AM Green is committed to producing green ammonia at scale across multiple locations in India. Goal is to reach 5 MTPA of green ammonia capacity by 2030, which will directly contribute to India’s net-zero targets, while simultaneously supporting OECD markets in their decarbonization efforts. This output will be equivalent to 1 MTPA of green hydrogen, representing one-fifth of India’s target for green hydrogen production and 10% of Europe’s target for green hydrogen imports.

About DP World: DP World is reshaping the future of global trade to improve lives everywhere. Operating across six continents with a team of over 100,000 employees, we combine global infrastructure and local expertise to deliver seamless supply chain solutions. From Ports and Terminals to Marine Services, Logistics and Technology, we leverage innovation to create better ways to trade, minimizing disruptions from the factory floor to the customer’s door. www.dpworld.com 

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MUMBAI, India, Jan. 14, 2025 /PRNewswire/ — Sunsure Energy, the preferred renewable energy solution provider for India’s leading businesses transitioning to green power, has secured INR 416.35 Crore in long-term debt financing from Aseem Infrastructure Finance Limited to fund the development of Sunsure’s 150 MWp open-access solar park in Solapur, Maharashtra. The 1st phase of the plant has already been commissioned and is supplying clean energy to some of the state’s biggest industrial customers. The full plant is expected to be commissioned by March 2025.

Sunsure is developing the Solapur solar park through multiple Special Purpose Vehicles. It has entered into long term Power Purchase Agreements with prominent industrial clients across Maharashtra, including Sandoz, KSB, Olon, Bharat Forge, Kirloskar Brothers, Wonder Cement, Lupin, and Emcure. The solar park will play a pivotal role in advancing a sustainable future, by enabling its industrial customers transition to clean power and offsetting approximately 163,000 tonnes of carbon dioxide annually.

Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy, said, “This long-term financing from Aseem Infrastructure Finance will accelerate our portfolio expansion in Maharashtra, strengthening our position as a leading renewable energy solutions provider. The Solapur solar park will cater to a diverse set of C&I customers, including those in the pharmaceutical, manufacturing, and cement industries, and will significantly help the state meet its renewable energy goals. We look forward to deepening our partnership with Aseem Infrastructure and working together to assist Indian industry in transitioning to responsible green energy and contributing to achieving India’s ambitious 2030 targets.”

Virender Pankaj, CEO, Aseem Infrastructure Finance Ltd, said, “Aseem Infrastructure Finance is glad to partner with Sunsure Energy to provide long-term debt financing that will significantly contribute to the expansion of their renewable energy portfolio in India. At Aseem Infra, we are committed to driving the growth of the country’s renewable energy sector by providing financing solutions that cater to the unique needs of our clients. As a testament to this, the current debt solution was meticulously structured to meet the financing requirements of the project, which is a 150 MWp open-access solar park project in Solapur, Maharashtra, spread across 9 SPVs, having a very diversified offtaker composition. This collaboration with Sunsure Energy group demonstrates our unwavering dedication to sustainability and our confidence in the transformative potential of renewable energy projects. We look forward to continuing our partnership with the Sunsure Energy group and contributing to more such landmark projects in the future.”

About Sunsure Energy

Founded in 2014, Sunsure Energy is the preferred renewable energy solutions provider for India’s leading businesses transitioning to green power. As a leading Independent Power Producer (IPP), Sunsure enables businesses across India to embrace clean energy with ease and confidence through long-term Power Purchase Agreements (PPAs) that offset up to 70% of power use to renewable energy through a mix of solar, wind, and battery storage technologies. Sunsure is backed by Partners Group AG with an equity commitment of $400 million towards its vision of building the largest industrial decarbonization company in India and SE Asia. With a target of 5 GW by the end of 2028, Sunsure Energy is committed to powering India’s energy independence and transforming every Indian business with green energy. The company is developing a significant portfolio of solar and wind energy projects across India to supply renewable energy to Commercial & Industrial clients, as well as utility offtakers like SECI and SJVN. www.sunsure-energy.com

About Aseem Infrastructure Finance Limited

Aseem Infrastructure Finance is an NBFC-IFC and is a leading financial Institution dedicated to supporting sustainable infrastructure projects. With a strong focus on renewable energy, the company provides innovative financing solutions to promote the growth of clean energy initiatives. In line with the company’s vision to help create a futuristic India through transformative infrastructure financing, AIFL has been making rapid strides, as reflected in our high-quality asset book crossing the INR 14,800 crore mark within a short span of time, comprising of over 50% exposure in the renewable energy sector.

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LAS VEGAS, Jan. 13, 2025 /PRNewswire/ — From January 7th to 10th, 2025, the International Consumer Electronics Show (CES 2025) was held in Las Vegas, USA. ArcherMind Technology and its automotive subsidiary, Arraymo, showcased their latest automobile operating system, FusionOS2.0, and Edge AI operating system, ArraymoAIOS1.0, attracting tremendous attention.

FusionOS2.0 is Arraymo’s latest whole-vehicle-level OS, developed on the Qualcomm SA8775P chip. It achieves deep integration of smart cabin and autonomous driving systems, addressing issues such as cross-domain communication, resource scheduling, and computational efficiency. This enables Original Equipment Manufacturers (OEMs) to deploy single-chip, integrated cockpit and driving platforms more efficiently.

ArraymoAIOS, launched simultaneously, is an end-side AI OS that integrates AI models, frameworks, SDKs, and development tools specifically designed for edge AI applications. It significantly reduces the barrier of entry and production difficulty for manufacturers in the field of end-side AI, accelerating the deployment and application of AI on devices locally. The OS facilitates the creation of multimodal interaction, personalized, and diverse intelligent applications for clients.

ArraymoAIOS1.0 has been worked to adapt to mainstream chip platforms including Qualcomm, NVIDIA, and MTK, as well as underlying operating systems like Android and Linux. By utilizing the AMLighting AI acceleration engine, it ensures efficient operation even under limited computing resources, transforming traditional applications into smart AI applications. This not only enhances work efficiency and intelligence levels but also provides users with smooth and secure experiences. The system finds applications not only in the automotive sector but also in IoT, industry, and smart homes.

In the era of “AI+”, where AI technology is rapidly being adopted across various industries, Arraymo has introduced cabin and vehicle AI entities based on ArraymoAIOS. These entities support up to ten end-side models and integrate 3D digital avatars with ASR/TTS technologies, enabling multiple scene-specific functions.

As a software integrator for NXP’s S32Z/E platform, Arraymo highlighted its comprehensive integration and validation capabilities during CES 2025, showcasing developments based on the NXP S32Z/E platform and demonstrating technical expertise and deep understanding of NXP chips. By collaborating closely with Infineon, they were able to facilitate the safe implementation of AI and algorithmic functions within the AURIX™ TC4x MCU by leveraging its added parallel processing unit (PPU) for complex signal processing and mathematical calculations.

During CES 2025, Arraymo also exhibited products and solutions for AI-enhanced smart homes and IoT. In the realm of smart homes, an AI gateway was introduced to provide connectivity and control solutions for home appliances, adjusting settings according to user preferences for a comfortable living environment. For IoT, the company unveiled products like intelligent front desk service assistants, AI video note-taking solutions, and the AI HC OpenCV platform, leading the new trend of AI and OS integration.

Throughout the event, Arraymo engaged in in-depth discussions with the partners in the ecosystem about trends in intelligent vehicles and AI. Through product idea communications and idea exchanges, Arraymo paved the way for future collaborations and developments in these fields.

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SOURCE ArcherMind Technology