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GEIOS Technologies Wins 600 MW PPA, Driving Clean Energy Expansion Across Southeast Asia

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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

Email: media@geios.energy

Contact Number: +12396036828

Address: 3401 N. MIAMI, AVE. STE 230

Address 2: Building B34-2nd Floor

City: MIAMI

State: FLORIDA

Country: United States

Release Id: 24102418915

The post GEIOS Technologies Wins 600 MW PPA, Driving Clean Energy Expansion Across Southeast Asia appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Dr. Anosh Ahmed is Helping Diverse Industries in Dubai Grow with Socially Conscious Investments and Developments

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Dr. Anosh Ahmed is the founder of The Private Family Office of Anosh Ahmed and Anosh Inc.

Dr. Anosh Ahmed is Helping Diverse Industries in Dubai Grow with Socially Conscious Investments and Developments

United Arab Emirates, 24th Oct 2024, Grand Newswire – Dr. Anosh Ahmed,  the founder,  Chairman, and CEO of The Private Family Office of Anosh Ahmed and Anosh Inc., is working towards making socially conscious investments and developments that drive positive social change. With divisions specializing in real estate, media, financial trading, commodity trading, and more, Dr. Anosh Ahmed offers a holistic approach to developing a sustainable legacy for all.

Anosh Inc. is a global alternative investment and consulting firm that has emerged as a key private and venture capital player. Since its founding in 2006, the firm has focused on helping companies across industries grow and achieve their financial objectives. Anosh Inc.’s approach is centered on working with companies at various stages of development, leveraging flexible capital across private equity, public equity, credit, fixed income, and venture capital. 

Through the Private Family Office of Anosh Ahmed (PFOAA), Anosh Inc. provides various wealth management services, including healthcare services, through a global network of hospitals. The company’s real estate portfolio, valued at $1.5 billion, highlights its long-term approach to investments, focusing on generating steady returns while contributing to the economic development of communities.

Dr. Anosh Ahmed has a net worth of $1.8 billion, mainly from his astute investments in the agriculture business. He is also active in philanthropy, supporting education and social justice initiatives. Through the Anosh Inc. Foundation, he works to provide educational aid and social support to underserved communities, emphasizing the importance of giving back to society.

Dr. Anosh Ahmed continues to focus on creating value for its investors, partners, and the businesses it supports. His multi-faceted approach to investment and consulting reflects his commitment to long-term growth and economic impact.

To learn more about Anosh Inc., visit http://www.anoshinc.com.

For more information on the Private Family Office of Anosh Ahmed, visit  http://www.pfoaa.com.

 

Media Contact

Organization: Private Family Office Anosh Ahmed

Contact
Person:
Grace D’Souza

Website:

Home

Email:

info@pfoaa.com

City: Dubai

Country:United Arab Emirates

The post Dr. Anosh Ahmed is Helping Diverse Industries in Dubai Grow with Socially Conscious Investments and Developments appeared first on
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It is provided by a third-party content
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Korvato Opens Doors to Public After 3 Years of Private Success

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Korvato, a cutting-edge algorithmic trading platform, today announced its public launch, marking a significant milestone in democratizing sophisticated investing strategies. After three years of operating privately, Korvato is now offering its advanced trading algorithms and investment technologies to the public, aiming to revolutionize how retail investors approach financial markets.

Key Highlights:

– Korvato achieves 22% average monthly returns over 3 years

– Nearly $1 million in profits generated for private clients

– Results verified by third-party network FX Blue

– Public launch opens access to Korvato’s proprietary algorithmic trading strategies

During its private phase, Korvato established itself as a leader in algorithmic trading, leveraging artificial intelligence and machine learning to navigate complex financial markets. 

The company’s impressive track record includes generating nearly $1 million in profits for its clients, with an average monthly return of 22%, as verified by the respected third-party network FX Blue.

Amit Fridman, CEO of Korvato, explained the platform’s unique value proposition: “Creating an algorithmic trading system should be every trader’s goal. Yet, developing a trading system can be overwhelming since it involves several moving parts. Another challenge is that today’s markets require an algorithm that adapts to different market conditions. Korvato solves those challenges.”

Korvato’s Innovative Features:

1. Advanced algorithmic investing technologies

2. AI-driven market analysis and trade execution

3. Educational resources from seasoned market professionals

4. Risk management tools for intelligent risk-taking

5. Adaptable strategies for various market conditions

The public launch of Korvato opens up new opportunities for traders and investors seeking enhanced growth from their investments. By combining traditional investment strategies with cutting-edge technological innovations, Korvato aims to reshape the investment landscape and challenge the status quo of retail trading.

Founded on the belief that financial market success should be accessible to everyone, Korvato has assembled a global team of exceptional talents in finance, technology, and data science. 

This diverse group not only brings a wealth of knowledge and expertise but also fosters a culture of innovation and excellence in algorithmic trading.

As Korvato transitions from private to public availability, it invites retail traders and investors to join a movement that pushes the boundaries of what’s possible in finance. 

With Korvato, users are not just investing in markets, but in a future filled with brighter, more prosperous financial opportunities through algorithmic trading.

For more information about Korvato and its algorithmic trading platform, please visit www.korvato.com or contact support@korvato.com.

About Korvato:

Korvato is a fintech company dedicated to revolutionizing the investment landscape by integrating sophisticated algorithmic trading strategies with user-friendly platforms. With a focus on education, innovation, and intelligent risk-taking, Korvato aims to empower investors of all levels to achieve their financial goals through advanced trading algorithms and AI-driven investment strategies.

Contact:

Email: support@korvato.com

Website: www.korvato.com

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Quantum Coin Changes Name and Launches Android Wallet with Post-Quantum Cryptography

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Estonia, 23rd Oct 2024, Grand Newswire – Quantum Coin, formerly known as Doge Protocol, has announced a renaming effort that includes a new name for both the project and its community. The project is now known as “Quantum Coin,” while the community has adopted the name “Quantum Coin Community.” This renaming reflects the project’s evolving focus, and the updated website, QuantumCoin.org, now reflects these changes.

In addition to the renaming, the Quantum Coin Community has introduced the beta version of its Android Wallet, which is now available for both the Testnet T4 and the Mainnet. Earlier this year, desktop wallets for Windows, Mac, and Linux were released, expanding the accessibility of Quantum Coin to a wider range of users.

Quantum Coin stands out as a blockchain project with a focus on post-quantum cryptography and smart contract capabilities. Its Mainnet, which launched in December 2023, incorporates a hybrid cryptography model. This includes the use of algorithms such as ML-DSA, SLH-DSA, and ed25519 to secure user accounts, with SLH-DSA acting as a safeguard. The project also employs ML-KEM post-quantum cryptography to encrypt communication, further enhancing the security of transactions. These algorithms were recently standardized by the National Institute of Standards and Technology (NIST), making them relevant for defending against potential future quantum computing threats.

Currently, Quantum Coin operates on a proof-of-stake consensus mechanism but plans to transition to a hybrid proof-of-work model in the future. This shift will be implemented once clean energy solutions become more accessible, allowing for a more energy-efficient blockchain.

The Quantum Coin community continues to build on its initial technology releases, which included NodeJS SDKs, a block explorer, and node clients for Windows, Mac, and Linux. These tools aim to give developers and users more control and flexibility within the ecosystem.

As a community-driven project, Quantum Coin positions itself to address real-world challenges through its technology. The development and decision-making processes rely heavily on community involvement, and future plans include further product development and updates to the blockchain’s capabilities.

Users can visit the project website https://quantumcoin.org/ for any media inquiries.

About Community:

Quantum Coin is a blockchain project focused on integrating hybrid post-quantum cryptography with smart contracts. The community-driven project launched its Mainnet in December 2023, with ongoing developments in security and energy efficiency.

Quantum Coin Changes Name and Launches Android Wallet with Post-Quantum Cryptography

Media Contact

Organization: Quantum Coin Community

Contact
Person:
Sam Santo

Website:

https://QuantumCoin.org

Email:

contact@quantumcoin.org

City: Tallinn

Country:Estonia

The post Quantum Coin Changes Name and Launches Android Wallet with Post-Quantum Cryptography appeared first on
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It is provided by a third-party content
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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