CleanMax investing nearly ₹50,000cr in Andhra Pradesh to power Neysa
Business
CleanMax is investing nearly ₹50,000 crore in Andhra Pradesh to build a huge renewable energy and storage project.
The goal? To deliver nonstop clean power to a 2-gigawatt Green Compute Factory, which they're setting up with AI cloud company Neysa.
Project pairs 3GW renewables 1GW pumped-hydro
The setup will combine 3 gigawatts of renewable energy with 1 gigawatt of pumped hydro storage: basically, enough backup to keep things running smoothly.
CleanMax also plans a dedicated power network just for the compute factory (pending regulatory approval).
Plus, the proposed facility will use direct-to-chip cooling technology to limit water consumption.
After the news broke, CleanMax shares jumped up by ₹55.10, or 4.39%, on the BSE (clearly, investors are excited too).