It is a known fact that the future development of AI technology is deeply dependent on energy supply, as energy ultimately drives AI. With fossil fuels like coal, oil, and natural gas becoming increasingly scarce, the focus has shifted to renewable resources such as solar and wind power. The advancement of new energy storage solutions, along with the integration of AI into the energy sector, has emerged as a powerful engine of growth in the digital economy. By 2030, the digital energy industry is expected to open up a market worth trillions, sparking new market mechanisms and creating a wide range of application scenarios.
STAR AI and OHM3: Advancing Energy Innovation
STAR AI has formed an extensive partnership with OHM3, the world’s largest decentralized energy network, to integrate digital technology with traditional energy industries. This collaboration focuses on leveraging AI and big data to accelerate the digital transformation and modernization of the energy sector. STAR AI operates as a comprehensive Gen AI ecosystem, composed of chip manufacturers, hardware suppliers, and application developers, and has established a deep research partnership based on NVIDIA’s Tensor Core GPUs, reinforcing its leadership in AI development across Asia.
OHM3, a comprehensive ReFi (Regenerative Finance) platform, is backed by the world’s largest decentralized data storage protocol foundation, including Turkey’s largest web3 investment firm ALPHA CAPITAL, prominent blockchain organization SYNTHR, and angel investment firm HVS VENTURES. It focuses on four key areas: decentralized energy data networks, storage, generation, and ecosystem development across multiple countries to accelerate the development of renewable energy projects, reduce financing costs, increase investment attractiveness, and promote global energy transformation. OHM3 also provides energy solutions for markets, low-carbon products, data centers, and the AI industry through its open, public blockchain, designed specifically for energy-based network nodes.
Strategic Alliance: The Launch of STAROHM
STAR AI and OHM3 have reached a strategic agreement to establish STAROHM, with the goal of becoming a leader in the field of digital energy AI application ecosystem. STAROHM has reportedly initiated plans to list on NASDAQ’s AI stock market, attracting investment from 11 major institutions, including Vanguard Group, State Street, BlackRock, Blackstone, and Bain Capital, which are set to acquire a 30% stake in the company. STAROHM is currently valued at $1.6 billion and is expected to go public in the third quarter of 2025.
“Our mission is to reshape the global energy landscape by combining computing power with renewable energy solutions. The creation of STAROHM represents a key milestone on this journey, as we aim to drive innovation and sustainability. Looking ahead, we will continue to collaborate with global partners to accelerate the development of digital energy ecosystems and contribute to a sustainable future powered by intelligent energy solutions,” said Victor Peterson, CEO of STAR AI.
In addition, STAR AI will launch several blockchain-based services, including the STAR Wallet and Exchange. STAROHM will introduce its coin-equity initiative in November 2024, with its utility token STAROHM set to debut on StarLink. By December 2024, STAROHM is expected to be listed on Binance and other major exchanges, with an initial price of at least $5. To date, STAROHM has raised $51.4 million in strategic financing, led by DWF Labs, Poolz, and ViaBTC, with contributions from CheckPush, 0xwilds, Coinvestor, 0xbul, Alpha Capital, MNST Platform, and AzaVentures.
Building the Decentralized Energy and AI Computing Ecosystem
STAROHM’s Decentralized Energy Data Network will collect global electricity consumption data through distributed hardware, forming a global decentralized energy data system. The Decentralized Energy Storage solution will store the energy saved by the hardware in household or enterprise-grade batteries, allowing the stored energy to be used by homes or businesses, with surplus energy available for local grid balancing in certain regions. The Decentralized Energy Generation initiative will install renewable energy generation devices at homes or businesses, increasing stored energy while establishing a decentralized virtual power plant. Finally, the Decentralized Energy Ecosystem will leverage the distributed energy network and storage infrastructure to empower more energy companies and ecosystems.
Additionally, STAROHM’s computing data center will serve as the backbone for energy driven AI applications, providing the necessary computing power to fuel the “Energy + Computing” ecosystem. This infrastructure will play a pivotal role in advancing the global transition to green energy and deepening the integration of AI and Renewable Energy. STAROHM will actively collaborate with global strategic partners to jointly build a regenerative financial network for the digital energy industry, aiming to create a sustainable ecosystem that supports long-term energy innovation and growth.
Media contact
Brand Name: StarOhm
Contact Person: Marketing Team
Email: support@starohm.xyz
Tele: +60183775348
Website: https://www.visionstar.io/
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Finance Zeus journalist was involved in the writing and production of this article.