Bali: INZET and Sustainability Economics sign MoU in Bali
Dec 20, 2024 | Posted by Abdul-Rahman Oladimeji
The Amerta Bali Lestari Foundation's INZET unit has signed a Memorandum of Understanding (MoU) with Sustainability Economics for clean energy-powered AI data centers in Bali. Sustainability Economics provides net zero solutions for customers in high-emitting sectors, and is currently exploring ways to combine clean energy power with AI cloud data centers. INZET, a not-for-profit and advisor to the government of Bali will help smooth the implementation of projects in the province
Venkata Reddy Kasu, CEO and co-founder of Sustainability Economics, said: “Our focus will be on accelerating the energy transition by integrating clean energy development with innovative AI-powered cloud data centers. Together with INZET, we are dedicated to driving impactful change that not only advances Bali’s sustainability goals but also sets an example for global efforts toward a sustainable future.”
Venkata Reddy Kasu, CEO and co-founder of Sustainability Economics, said: “Our focus will be on accelerating the energy transition by integrating clean energy development with innovative AI-powered cloud data centers. Together with INZET, we are dedicated to driving impactful change that not only advances Bali’s sustainability goals but also sets an example for global efforts toward a sustainable future.”
Ida-Bagus Kesawa Narayana, chairman of INZET added: “Bali has set an ambitious vision to achieve net-zero emissions by 2045, ahead of the Indonesian central government’s target. A key challenge in this transformation is ensuring that sustainability initiatives are not only environmentally impactful but also financially viable. "Our expertise lies in integrating cutting-edge clean energy solutions, advanced technology, and AI-driven data centers to create a unique and innovative approach. This blend of competencies ensures that the transition to sustainability is both achievable and profitable.”