Kenya and a digital asset company, Marathon Digital Holdings, have signed an agreement to work together on improving Kenya’s energy sector. This partnership will focus on making better use of renewable energy sources like solar and wind power.
This agreement with the Ministry of Energy and Petroleum is a pivotal moment for our business as it provides us with a clear framework to pursue opportunities across the Republic of Kenya,” said Fred Thiel, Marathon’s chairman and CEO.
It demonstrates the innovative approach that Kenya is taking to optimize their energy usage and to enhance their technological infrastructure. We look forward to working closely with the Ministry of Energy and Petroleum, President William Ruto, and other Kenyan government leaders to drive progress through innovative and sustainable energy solutions.”
The agreement will see a joint committee set up to oversee the development of projects that use green data centers. These data centers are special facilities that use less energy than traditional data centers. The project also aims to improve Kenya’s technological infrastructure and boost the country’s economy.
Marathon Digital said this is the first time they’ve directly collaborated with a government to improve their energy infrastructure. The company is excited about the potential of this project and believes it will be a model for other countries to follow.
Kenya hopes that this project will bring in more than $80 million in foreign investment. This money will be used to fund the development of new energy projects and create jobs in the Kenyan energy sector.
