GEIOS Technologies has secured a 25-year Power Purchase Agreement (PPA) with Electricite du Laos (EDL) for a 600 MW geothermal energy project in Champassak, Lao PDR. This partnership marks the largest geothermal project in Southeast Asia and positions GEIOS as a key player in the region’s clean energy transition. The project will be rolled out in phases, with 150 MW expected to be operational by 2026 and the remaining capacity online by 2028.The PPA ensures a continuous supply of carbon-free geothermal energy, supporting the energy needs of Southeast Asia and providing power to Singapore’s growing data center industry. Initial drilling in the Champassak area revealed favorable geological conditions, reducing costs and drilling times, showcasing the efficiency of GEIOS’s proprietary Enhanced Quantum Geothermal (EQG) technology.GEIOS’s EQG technology integrates quantum physics, nanotechnology, and AI for optimal energy production, reducing the surface footprint while improving scalability and cost-efficiency. This project aligns with Lao PDR’s efforts to diversify its energy mix beyond hydropower and strengthen its export capabilities to neighboring countries.

MIAMI, FL, 24th Oct 2024 – GEIOS Technologies, a pioneer in enhanced nanotech geothermal energy, announces it has secured a 25-year Power Purchase Agreement (PPA) with Electricite du Laos (EDL) for a massive 600 MW geothermal project in Champassak, Lao PDR. This agreement, the largest of its kind in Southeast Asia, positions GEIOS at the forefront of the region’s clean energy revolution.

Following a competitive evaluation, GEIOS was selected by EDL and the Lao Ministry of Energy and Mines to deliver reliable, renewable geothermal power, addressing the surging energy demands across Southeast Asia. The project will be implemented in phases, with an ambitious timeline of 150 MW operational by the end of 2026 and the next phase capacity coming online by 2028.

This PPA comes as Southeast Asian nations, particularly Lao PDR, seek to diversify their energy mix and reduce reliance on hydropower for exports to neighboring countries, including Malaysia, Singapore, Thailand, Cambodia, China, and Vietnam. The 25-year agreement guarantees a continuous supply of 24/7 carbon-free geothermal energy, providing a stable and cost-effective power solution crucial for Singapore’s growing data center industry and overall economic development.

Mr. Vangsakoun Yingyong, CEO of EDL, stated, “This partnership with GEIOS represents a pivotal moment in Laos’ energy strategy. Their EQG technology offers the stable, clean power we need to meet our domestic needs and export commitments. This project will significantly enhance our ability to provide reliable energy to Singapore and other neighboring countries.”

Initial drilling by the government in Champassak has yielded exceptional results, with significantly faster drilling times and lower costs due to favorable geological conditions. These outcomes underscore the scalability and efficiency of GEIOS’s proprietary Enhanced Quantum Geothermal (EQG) technology.

Shad AM SERROUNE, CEO of GEIOS Technologies, added, “This agreement with EDL is a testament to the scalability and reliability of our EQG technology. We’re not just providing energy; we’re driving a clean energy revolution that will reshape the future of power generation in Southeast Asia and globally.”

GEIOS’s EQG technology uniquely combines quantum physics, nanotechnology, and metamaterials with advanced AI and real-time geochemistry analysis. This innovative approach delivers highly efficient, scalable, and reliable renewable energy systems, optimizing both energy production and reservoir management.

The technology employs a revolutionary multi-stage subsurface design that concentrates the majority of operations underground. This approach significantly reduces the above-ground footprint to mere meters, allowing for optimal energy extraction while minimizing environmental disruption. This feature not only enhances the project’s efficiency but also leads to reduced costs and substantial savings.

About GEIOS Technologies: Founded in 2019, GEIOS Technologies is committed to accelerating the global transition to sustainable energy through innovative geothermal solutions. By leveraging cutting-edge nanotechnology and metamaterials, GEIOS delivers highly efficient, scalable, and reliable renewable energy systems, supporting clients worldwide in their pursuit of clean, responsible power generation.

About EDL: Electricite du Laos (EDL) is the national utility of Laos, responsible for power generation, transmission, and distribution. A leader in energy export, EDL supplies power to Thailand, Cambodia, China, and Vietnam. With this new geothermal project, EDL strengthens its position as a key player in Southeast Asia’s evolving energy landscape.

For more information about this groundbreaking project and GEIOS’s future plans, please contact:

Investor Relations: invest@geios.energy 

Media Contact: media@geios.energy 

Media Relations: Lee Hyung Soon

Media Contact

Organization: GEIOS TECHNOLOGIES

Contact Person: Sandra Lebiewicz

Website: https://www.geios.net

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Contact Number: +12396036828

Address: 3401 N. MIAMI, AVE. STE 230

Address 2: Building B34-2nd Floor

City: MIAMI

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In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.

United States, 24th Oct 2024 – In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.

As a leading global risk analysis company, AlgoDynamix relies on its unique AI and big data analysis technology to focus on predicting market volatility and risk management. The market volatility prediction tools provided by AlgoDynamix have been widely used in many financial institutions around the world, helping investors to make plans before market fluctuations. Its innovative risk prediction system allows investors to adjust their strategies in time when the market fluctuates violently to avoid potential losses.  In November 2023 , NWAM and AlgoDynamix officially launched strategic cooperation negotiations. The two parties quickly determined the cooperation framework and decided to integrate AlgoDynamix’s market risk prediction model with NWAM’s AI quantitative trading platform. This integration will not only greatly enhance NWAM’s market analysis capabilities, but also provide its users with intelligent market volatility early warning functions.

In early 2024, the two parties successfully completed the integration of market data and risk prediction tools, and officially released the AI-driven market volatility early warning system on the NWAM platform. The system can monitor market dynamics in real time, capture potential risk signals, and provide users with instant risk warnings. With this technology, NWAM users can quickly respond to market changes and adjust investment strategies to achieve more stable wealth growth.  One of the important results of this cooperation is the launch of an intelligent risk management system. Through this system, NWAM users can not only obtain accurate market volatility forecasts, but also use intelligent tools for personalized risk management. Whether it is large institutional investors or individual investors, the NWAM platform will help them make smarter decisions amid market uncertainty.  Commenting on the partnership, NWAM CEO said: “We have always believed that the future of financial markets belongs to those companies that can fully leverage smart technology. AlgoDynamix’s technology fits seamlessly with our AI quantitative trading platform, providing our users with powerful risk management tools. This partnership marks a key step forward in our journey towards smart investment management.”

The founder of AlgoDynamix is also looking forward to the cooperation: “NWAM’s leading technology in digital asset management and AI trading perfectly complements our expertise in predicting market volatility. We firmly believe that through this cooperation, global investors will be able to better protect their assets during market turmoil and achieve steady wealth appreciation.”  This cooperation not only promotes the advancement of intelligent risk management technology, but also opens a new chapter in safer and more reliable wealth management for global investors. Through its cooperation with AlgoDynamix, NWAM will significantly enhance its capabilities in market analysis and risk management. The AI-driven market fluctuation early warning system and intelligent risk management functions not only improve the platform’s market response capabilities, but also bring more security to investors. In an increasingly complex global market, improving risk management capabilities is undoubtedly an important cornerstone for investors to make steady profits.

Media Contact

Organization: New World Asset Management Ltd

Contact Person: Don Adam Perera

Website: https://newworldeco.com

Email: Send Email

Country: United States

Release Id: 24102418963

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United States, 24th Oct 2024 – Since its founding in 2019, Eagle Crest Asset Management has been steadfast in its commitment to providing long-term value to clients through professional investment management and meticulous risk control strategies. With a client-first approach, the firm has built a strong reputation for its innovative solutions and personalized investment strategies, which are designed to meet the unique financial goals of each client. As the company evolves, it is turning its focus towards a new frontier: artificial intelligence (AI).

Eagle Crest’s Growing Focus on AI

In today’s rapidly changing financial landscape, technology and AI are becoming critical components in shaping the future of asset management. Recognizing this trend, Eagle Crest has identified the AI industry as a key area for future growth and investment. The firm plans to intensify its research and development efforts in AI, aiming to discover and invest in promising AI startups and enterprises that show potential for long-term success.

By leveraging cutting-edge AI technologies, Eagle Crest intends to enhance its investment strategies, enabling more sophisticated portfolio management and improving predictive analytics for better market forecasting. The firm is particularly focused on identifying companies at the forefront of AI innovation, those developing groundbreaking applications across industries such as healthcare, robotics, autonomous systems, and big data analytics.

Strategic Global Expansion

To support its ambitious AI focus, Eagle Crest Asset Management is expanding its global footprint. Over the next few years, the company plans to establish offices in dozens of regions worldwide. This global expansion will provide the firm with a more diverse and extensive network, allowing it to tap into local AI ecosystems and identify promising investment opportunities in key markets.

By setting up operations in major innovation hubs, including North America, Europe, Asia, and the Middle East, Eagle Crest aims to build strong partnerships with local AI companies, researchers, and innovators. These offices will also serve as research centers, helping the company stay ahead of emerging trends and technological advancements in AI. This global presence will not only enhance Eagle Crest’s access to high-potential AI startups but will also allow the firm to support them through funding, mentorship, and strategic partnerships.

A Vision for the Future

Founder Ridel Bosco Castillo has always been a visionary leader, driving Eagle Crest’s growth and innovation. With this new focus on AI, Castillo sees tremendous opportunities to shape the future of asset management by integrating advanced technologies into the investment process. He believes that by fostering AI innovation, Eagle Crest can generate superior returns for its clients while also contributing to the advancement of AI industries worldwide.

As Eagle Crest Asset Management continues to evolve, its AI-driven strategies and global expansion will position the firm as a leader in both the financial and technology sectors. The company’s commitment to finding and investing in the best AI enterprises, combined with its robust network of global offices, will enable it to stay at the forefront of the industry, offering clients access to cutting-edge investment opportunities and solutions.

In the coming years, Eagle Crest aims to become a key player in the AI space, bridging the gap between finance and technology while delivering unparalleled value to its clients. This strategic move marks the beginning of a new chapter for the firm, one where AI and global innovation will drive its future success.

Media Contact

Organization: Eagle Crest Asset Management

Contact Person: Ridel Bosco Castillo

Website: https://ecamai.com/

Email: Send Email

Country: United States

Release Id: 24102418964

Disclaimer: Investments in artificial intelligence (AI) and related technologies are subject to significant risks, including technological challenges, market volatility, and unpredictable regulatory environments. Clients and prospective investors should perform their own due diligence and consider their financial goals, risk tolerance, and consult with financial advisors before making investment decisions. All information provided is for informational purposes only and should not be construed as financial advice.

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