Latest news with #VenaNexus
GMA Network
a day ago
- Business
- GMA Network
Vena Group forms AI-ready data center development unit
Vena Global Group Pte Ltd or Vena Group has announced the launch of Vena Nexus Group Pte Ltd. —its wholly owned subsidiary dedicated to the development of AI-ready data center infrastructure (AI-DC). In a news release, Vena Group said it has transferred all related activities, personnel, and development pipeline for AI-DC solutions from Vena Energy, its renewable energy arm, to Vena Nexus. The company said the move reflects its goal to deliver hyperscale-grade data center campuses deeply integrated with large-scale renewable power projects, as well as distributed edge facilities co-located with its renewable energy sites. 'With traditional workloads continuing to grow and AI demand for power-secure infrastructure accelerating across APAC, Vena Nexus represents the natural extension of our platform into high-performance, AI-ready digital infrastructure,' said Nitin Apte, CEO of Vena Group. 'The establishment of Vena Nexus enables sharper execution, focused capital deployment, and dedicated partnerships, while maintaining strong integration with Vena Energy as the power enabler behind our digital growth,' said Apte. Vena Nexus inherits a pipeline of approximately 3 GW (gigawatts) of data center developments originally initiated within Vena Energy, including over 1 GW of AI-DC projects with secured power, land, and permits. Vena Nexus, it said, is backed by a team of 60 specialists across data center development, digital infrastructure, commercial strategy, and investment. The new unit also leverages Vena Group's broader corporate platform, comprising nearly 700 professionals in development, construction, and operations, and more than 300 specialists in legal, finance, ESG, procurement, and other corporate functions. Vena Group's current footprint includes Japan, Singapore, Malaysia, and the Philippines, with ongoing expansion into Thailand, South Korea, Australia, and other existing Vena Group markets across the Asia Pacific region. —VAL, GMA Integrated News
Free Malaysia Today
28-05-2025
- Business
- Free Malaysia Today
Renewable firm Vena's spinoff eyes green data centres in Asia
Vena Nexus is expected to construct and operate green digital infrastructure across the Asia-Pacific region. (Freepik pic) SINGAPORE : Singapore-based renewables developer, Vena Group, sees the city-state, Malaysia, and Japan as key markets in which to build green data centres to cater to the booming AI sector. 'The group's newly-launched subsidiary Vena Nexus is in talks with 10 technology companies from the US and Asia to develop large-scale data facilities powered by clean energy,' said Simone Grasso, the offshoot's global head and CIO of Vena Group. He declined to name the companies. Power producers are rushing to keep up with rapid growth in energy demand from the AI sector, which runs on massive amounts of data housed in facilities that need stable electricity and constant cooling. Tech giants like Microsoft Corp are tapping renewables to run such infrastructure, while others, like Chevron Corp, are looking to natural gas. 'After the AI breakthrough in 2023, we noticed a lot more demand for power,' Grasso told Bloomberg News in an interview, highlighting that Vena wants to play a key role in meeting that demand in Asia. He added the firm is also discussing a number of small-scale projects, without providing details. Vena Nexus inherits a pipeline of about 3GW of data centre developments from the group's renewables unit Vena Energy, according to a press release. 'The firm will construct and operate green digital infrastructure across the Asia-Pacific region,' it said, adding the group has already developed 38GW in solar and wind projects.
Bloomberg
28-05-2025
- Business
- Bloomberg
Renewable Firm Vena's Spinoff Eyes Green Data Centers in Asia
Singapore-based renewables developer, Vena Group, sees the city-state, Malaysia, and Japan as key markets in which to build green data centers to cater to the booming AI sector. The group's newly-launched subsidiary Vena Nexus is in talks with 10 technology companies from the US and Asia to develop large-scale data facilities powered by clean energy, said Simone Grasso, the offshoot's global head and chief investment officer of Vena Group. He declined to name the companies.
