Davos, Switzerland — January 20, 2026 — AM Green Group, the leading energy transition platform backed by the founders of Greenko Group, today announced the

signing of a Memorandum of Understanding (MoU) with the InvestUP, Government of Uttar Pradesh to establish a 1 GW (Gigawatt) Data Center to serve global AI workloads.

AM Green will establish an AI Infrastructure hub in the Greater Noida region in Uttar Pradesh. This grand scale project will be developed in a phased manner with first

capacity coming up in 2028 and full 1 GW capacity targeted to come up by 2030 and a total investment of ~USD 25 Billion. This partnership underscores AM Green’s commitment to building a sustainable, carbon-neutral digital economy and aligns with Uttar Pradesh’s vision to become India’s premier data center hub.

This project will be a multi-billion-dollar investment for the set-up of GW scale data center along with ~500,000 latest high-performance chipsets and will be one of the

largest investments in country to date aligned with the Indian Government’s Viksit Bharat 2047 vision to accelerate the expansion of AI-driven services.

Powering the Future of AI and High-Performance Compute

As India’s demand for high-performance computing (HPC) and Artificial Intelligence (AI) workloads surges, this facility will be designed to meet the requirements of global hyperscalers, frontier labs, enterprises and India’s sovereign AI initiatives at scale and in speedy manner using carbon free energy.

AMG AI labs is working on developing AI full stack ecosystem with most efficient on- demand electron-to-token architecture. AI labs ecosystem to comprise capabilities across energy, infrastructure, hardware installation, customized models & applications with end-use cases across multitude of sectors including energy, healthcare, sovereign cloud services, manufacturing, automotive, media & gaming amongst others.

This HPC compute capability will also enable chipset access to wider Indian developer community to fast-track and develop AI solution stacks for global and domestic usage.

The data center will feature:

·         Scalable Infrastructure: A phased rollout with the first capacity being operational by 2028, scaling to the full 1 GW by 2030.

·         Strategic Location: Utilizing Uttar Pradesh’s robust industrial corridors and favourable Data Center Policy to provide low-latency and high reliable connectivity to growing digital markets.

·         Green Energy Integration: Leveraging AM Green’s leadership in renewable energy, the facility will be powered by 24/7 carbon-free energy solutions, including wind, solar, and pumped storage.

A Catalyst for Economic Growth

The MoU was exchanged in the presence of senior government officials and the leadership team of AM Green at World Economic Forum at Davos. The project is

expected to attract significant foreign direct investment (FDI) and generate thousands of high-skilled jobs in the region, fostering a local ecosystem for hardware manufacturing, software development, and specialized cooling technologies.

"Today AI has become embedded in our daily lives – evolution of global AI ecosystem with intentionality, intelligence and adaptability will be a pivotal tool for current & future generations. Our entry into the AI full stack ecosystem is a natural extension of our technology first approach to our businesses and deliver integrated end-to-end solution stack for a multitude of industries." said Anil Chalamalasetty, Group Chairman, AM Green Group.

AM Green’s President Mr. Mahesh Kolli added “By combining 1 GW of compute capacity with our 24/7 green power solutions, we are not just building a data center; we are creating a sustainable template for the future of global AI infrastructure with the

support from State of Uttar Pradesh.”

About AM Green Group

AM Green is promoted by founders of Greenko Group, which is among India's leading renewable energy conglomerates. AM Green is building globally differentiated platforms across molecules, materials and AI technologies to enable industrial decarbonization & competitive tokenization at scale.

Greenko will be a 50 GW Energy Infrastructure platform with presence across 20+ states across solar, wind, hydro and energy storage projects. Greenko is building world’s first interconnected energy storage solution with 100 GWh storage capacity across the country.

AM Green is developing low-carbon ammonia projects across multiple locations in India with a goal to reach 5 Mtpa of green ammonia capacity by 2030. It’s currently under

construction 1 Mtpa green ammonia plant will be one of the world’s largest RFNBO compliant green ammonia facilities, supporting efforts to achieve net zero targets both in India and global markets.

AM Green is also developing production capabilities for other net zero molecules and chemicals including green caustic soda, e-methanol, olefins & biofuels including sustainable aviation fuel for decarbonization in hard to abate industries.

AM Green Metals and Materials is also setting up a 1 MTPA Green Aluminium production plant as part of wider green materials offering.