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Wednesday, December 8, 2021

Breaking #Cleantech #Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) Receives Progress Update from Verra; @dynaCERT

Breaking #Cleantech #Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) Receives Progress Update from Verra; @dynaCERT

 


TORONTO - December 8, 2021 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has been notified of the recent progress update in dynaCERT’s application under Verra’s Verified Carbon Program (the "VCS Program").

 

Read this news, featuring DYA in full at https://www.investorideas.com/CO/DYA/news/2021/12081Progress-Update-Verra.asp

 

VVB Audit:

Under the VCS Program, auditors known as validation and verification bodies (VVBs) are tasked with assessing projects against the VCS Program rules and the requirements of the applied methodology.

 

Following the recently announced publication of dynaCERT's proposed methodology in respect of its Carbon Credit certification (See Press Release dated October 18, 2021), Verra has indicated to dynaCERT that the next step will be its VVB audit. Verra is submitting a request for proposals to their list of auditors this week.

 

Independent Auditing:

All VCS projects are subject to desk and field audits by both qualified independent third parties and Verra staff to ensure that standards are met and methodologies are properly applied.

 

VVBs are qualified, independent third parties which are approved by VCS to perform validation and verification. This independent assessment process is critical to ensuring the integrity of the projects registered with the VCS Program.

 

Currently, more than twenty VVBs located across five continents are approved under the VCS Program. VVBs are accredited to work in specific sectoral scopes, meaning their expertise is geared directly toward the types of projects they audit.

 

VVBs are eligible to provide validation and verification services under the VCS Program if they have signed the required agreement with VCS and are accredited by a VCS-recognized accreditation body.

 

The VCS Program:

The VCS Program is the world's most widely used voluntary GHG program. Nearly 1,700 certified VCS projects have collectively reduced or removed more than 630 million tonnes of carbon and other GHG emissions from the atmosphere.

 

Jean-Pierre Colin, Executive Vice President & Director of dynaCERT, stated, "In Canada and worldwide, Carbon Credits and Carbon Offsets play a paramount role in advancing a cleaner planet. dynaCERT's commitment to working with Verra to achieve global Greenhouse Gas reductions aligns with the stated objectives of the United Nations which were approved by over 160 Nations globally in Article 6 of the Paris Agreement. Our GHG reduction initiatives also support dynaCERT's target markets such as mining, oil and gas, transportation, utilities, municipalities, sovereign governments, construction, marine, rail, power generation, building, farming, heavy equipment industries and many others."

 

About Verra:

Verra is a global leader helping to tackle the world's most intractable environmental and social challenges by developing and managing standards that help the private sector, countries, and civil society achieve ambitious sustainable development and climate action goals. Verra's global standards and frameworks serve as linchpins for channeling finance towards high-impact activities that tackle some of the most pressing environmental issues of our day. Website: www.verra.org

 

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

 

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to completion of the Offering, satisfaction of TSX listing conditions and regulatory approvals. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

 

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

 

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

 

On Behalf of the Board

Murray James Payne, CEO

 

Contacts

Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

 

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com

 

dynaCERT Inc. (TSX:DYA.TO) (DYFSF) is a featured Renewable Energy / Fuel Cell stock on Investorideas.com

 

Visit profile page

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire

https://www.investorideas.com/News-Upload/ Disclosure: dynaCERT Inc. is a paid featured renewable energy stock on Investorideas.com effective July 8th 2020.

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Monday, December 6, 2021

#Cleantech #Stock News: H2 Tek Makes Strides in the #Mining Industry with dynaCERT's (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) HydraGEN™ Technology; @dynaCERT

#Cleantech #Stock News: H2 Tek Makes Strides in the #Mining Industry with dynaCERT's (TSX: $DYA.TO) (OTCQX: $DYFSF) (FRA: DMJ) HydraGEN™ Technology; @dynaCERT

 


TORONTO - December 6, 2021 (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce the implementation of its flagship HydraGEN™ Technology and its Telematics HydraLytica™ Technology with some global mining industry participants.

 

Read this news, featuring DYA in full at https://www.investorideas.com/CO/DYA/news/2021/12061H2-Tek.asp

 

H2 Tek, a third-party arm's length dealer of the Company, has indicated to dynaCERT that it has aggressively pursued its potential clients in the mining industry. H2 Tek has issued purchase orders to dynaCERT for the placement of certain HydraGEN™ Technology models suited for the mining industry, including the large engine series of HG4-C and HG6-C units.

 

H2 Tek has advised dynaCERT that HydraGEN™ Technology has been or is now scheduled to be delivered and installed at certain mining operations located in Russia, Chile, Peru, Brazil, Argentina, and Australia. These installations are expected to be pilot trials which will test the benefits and impacts of the HydraGEN™ units with the intent that successful pilots will result in the adoption of HydraGEN™ Technology for mining equipment fleet applications. Each pilot deploys between 2 and 3 HydraGEN™ units operating under a thorough methodology lasting up to six months.

 

About H2 TEK

H2 Tek™ is focused exclusively on selling and servicing dynaCERT's HydraGEN™ Technology. H2 Tek indicates that it markets to mining companies, diesel power generation, on-road applications and off-road applications. With international partners, including Marubeni Corporation (Construction & Mining Equipment Dept.), H2 Tek currently has reached out to mining companies located in 11 countries.

 

David Van Klaveren VP Global Sales/Partner of H2 Tek and Joao Araujo, VP Global Operations/Partner of H2 Tek™, a third-party arm's-length dealer of dynaCERT, collectively stated: "Our focus on large engine applications, like in mining, has the opportunity to significantly contribute to the reduction of carbon emissions and pollution in their environment. Certain large mining vehicles can consume more than 1,000,000 litres of fuel per year, which, with assumed fuel and emission reductions of 12%, could offset up to 300 tonnes of CO2e per year. We look forward to playing an important role in helping mine operators achieve their carbon emission reduction targets."

 

Ed Cordeiro, Director of Sales, Americas, of dynaCERT stated, "H2 Tek, our dealer, has made dynaCERT's HydraGEN™ Technology a possible leading solution for some mining companies in their effort to reduce the carbon footprint of mine operations. Our Carbon Emission Reduction Technology systems produce hydrogen gas from distilled water for mining operations which have shown to simultaneously target economic benefits of reduced fuel consumption and the resulting environmental benefits of emissions reductions of customers."

 

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

 

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to completion of the Offering, satisfaction of TSX listing conditions and regulatory approvals. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

 

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

 

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

 

On Behalf of the Board

Murray James Payne, CEO

 

Contacts

Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

 

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com

 

dynaCERT Inc. (TSX:DYA.TO) (DYFSF) is a featured Renewable Energy / Fuel Cell stock on Investorideas.com

 

Visit profile page

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire

https://www.investorideas.com/News-Upload/ Disclosure: dynaCERT Inc. is a paid featured renewable energy stock on Investorideas.com effective July 8th 2020.

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Friday, December 3, 2021

#Solar #Stock News - Solar Integrated Roofing (OTC: $SIRC) Submits Application to Uplist to OTCQB Venture; @SIRCStock

#Solar #Stock News - Solar Integrated Roofing (OTC: $SIRC) Submits Application to Uplist to OTCQB Venture; @SIRCStock

 

EL CAJON, CA / December 3, 2021 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, today submitted its application for a listing on the OTCQB® Venture Market (the “OTCQB”).

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/12032SIRC-OTCQB-Application.asp

 

The listing of the Company’s common shares on the OTCQB remains subject to the approval of the OTC Markets and the satisfaction of applicable listing requirements. The OTCQB is a trading platform that is operated by the OTC Markets Group in New York, and is the premiere marketplace for early-stage and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB Venture quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.

 

“Our application to uplist to the OTCQB marks an important milestone for our Company and will help to build shareholder value along with our strong organic growth from our complementary solar, roofing and EV charging brands,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corp. “Joining the OTCQB raises our profile within the investment community, which we expect will help improve liquidity, broaden our shareholder base and position us for a Nasdaq uplisting in the future.

 

“We believe our recent acquisitions, rapid sales growth and transformation into a national brand will accelerate this goal. In addition, trading on this established public market will help to generate exposure of our Company among institutional investors. We would like to thank all of our shareholders for their ongoing support,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter, Facebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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Betting on #Solar- Acquisitions on the Rise;(OTCQB: $SING) (NYSE: $ADT) (NASDAQ: $ISUN) (NYSE: $NEE) @_Singlepoint_ @ADT @isun_energy @nexteraenergy

Betting on #Solar- Acquisitions on the Rise;(OTCQB: $SING) (NYSE: $ADT) (NASDAQ: $ISUN) (NYSE: $NEE) @_Singlepoint_ @ADT @isun_energy @nexteraenergy


Point Roberts WA, Delta, BC –December 3, 2021 - Investorideas.com, a leading investor news resource covering solar and renewable energy stocks releases a special report on solar and renewable energy acquisitions, as many companies look to the future of clean energy for long term investments.

 

Read this article, featuring SING in full at https://www.investorideas.com/news/2021/renewable-energy/12031Acquisitions-SING-ADT-ISUN-NEE.asp

 

Solar Industry reported, “Mercom Capital Group’s second-quarter/first-half 2021 report on funding and merger and acquisition (M&A) activity in the solar sector shows that total corporate funding (including venture capital funding, public market and debt financing) in 1H of 2021 came to $13.5 billion compared to $4.6 billion in 1H 2020, representing a 193% year-over-year increase.“

 

“Solar project acquisitions in 1H 2021 reached 39.3 GW compared to 14.7 GW acquired in the same period last year. Project acquisition activity was at a record high in Q2 2021, with over 24 GW of solar projects acquired compared to 14.6 GW in Q1 2021.”

 

Already established in the solar and cleantech sector, SinglePoint, Inc. (OTCQB:SINGrecently announced entering into an agreement to acquire 80.1% of Boston Solar, a leading full EPC solar installer in New England. The transaction is contingent on completion of the on-going audit and the subsequent financing and is expected to close prior to year-end or within the first quarter of 2022.

 

From the news: In July 2020, SinglePoint announced its intentions to prioritize and reallocate Company assets and focus its business strategy around the emerging and growing market opportunities in residential and solar energy. At that time, the Company introduced a residential and small commercial solar centric rollup strategy designed to increase market share, revenues and most importantly build a future business focused on revenue growth and profitability. The current advancements in the technology related to solar PV and energy storage create a long-term market opportunity for SinglePoint' s renewable energy and storage business, as there is only approximately 4% current penetration of the addressable solar market for both residential, small commercial and light industrial.

 

From the news: "Our next phase of non-organic growth is designed to be facilitated through targeted acquisitions that meet our criteria and that match the growing demand for renewable energy and energy storage," stated Wil Ralston, CEO of SinglePoint Inc. "SinglePoint has clearly defined criteria for installer or developer based solar acquisitions focusing on installers with a strong local brand and presence that are dedicated to a customer centric approach, led by an experienced and dedicated team of professionals. We began substantive discussions with Boston Solar in the first half of this year and confirmed that its executive team meets our acquisition criteria and represent a key strategic pillar within our solar strategy. The Boston Solar team has delivered proven results, and we are excited to close this transaction and work together to take advantage of the market opportunity that will benefit Boston Solar, SinglePoint and all shareholders."

 

From the news: Upon completion of the acquisition, the CEO and Co-Founder of Boston Solar, Daniel Mello Guimaraes will join the SinglePoint team and spearhead the EPC acquisition strategy. Mr. Mello Guimaraes will continue to oversee the day-to-day operations of Boston Solar in addition to identifying accretive tuck in acquisitions facilitated by SinglePoint that would benefit Boston Solar. In addition, there are efficiencies and operational synergies within SinglePoint's current solar assets, when combined with the demonstrated expertise of Mr. Mello Guimaraes and the Boston Solar team, that should be accretive and enhance overall margin as we grow revenue and strategically expand our renewable energy and storage footprint.

 

"This acquisition is a strategic fit for Boston Solar given the shared customer centric approach and commitment to enabling and enhancing the growth opportunities at Boston Solar. Over the past few months, the senior leadership teams at Boston Solar and SinglePoint met to ensure alignment in approach, mission and vision," added Mr. Mello Guimaraes. "Boston Solar has been serving the New England market primarily in Massachusetts since its inception in 2011, and we look forward to continuing to provide exceptional service to our existing and future customers looking to implement solar, renewable energy and energy storage solutions. Boston Solar is well-positioned for growth over the next decade and I look forward continuing to lead the company as we expand and increase our regional footprint and scale our commercial solar and energy storage offerings."

 

From the news: Over the past 10 years, Boston Solar has been providing premium residential and commercial solar installations to the communities it serves. The company has been able to achieve scalable, consistent growth, expecting to surpass $25 million in revenue in 2022.

 

"Over 100 million people in the United States alone would benefit by going solar. Over the past six months, and throughout the due diligence process with the Boston Solar executive team, it became obvious that we have a shared and aligned passion for the renewable energy industry and a commitment of putting the customer first, which is reflected in their customer reviews. This is the first of many acquisitions to come in the space, with the near-term goal of providing a best-in-class national solutions for customers looking for renewable energy and storage solutions," stated Mr. Ralston.

 

Mr. Ralston concluded, "SinglePoint is focused and committed to continued execution of our renewable energy vision and strategy. The addition of Boston Solar a premium solar installer perfectly aligns with our acquisitions strategy. We believe this clarity and alignment between the companies will continue to propel us towards our goal of becoming an industry leader and deliver maximum value to our shareholders, customers and partners."

 

ADT Inc. (NYSE: ADT),  a brand in smart home and small business security announced an agreement to acquire Sunpro Solar (Sunpro), ranked #2 for 2021 Top Residential Rooftop Solar Contractors1 in the U.S., for $160 million in cash plus approximately 77.8 million shares of ADT common stock, implying a total enterprise value of approximately $825 million, subject to certain adjustments. ADT will rebrand Sunpro to “ADT SolarTM” and enter the rooftop solar business to offer ADT customers a protected, connected, and now powered home.

 

From the news: “With its strong focus on the customer, Sunpro is the perfect partner for ADT and a logical extension of our ecosystem, unlocking an integrated home experience that includes security, automation, and energy management,” said Jim DeVries, ADT President and Chief Executive Officer. “By combining a cash-flow-positive company in the high-growth solar space with ADT’s trusted brand, national footprint, and cross-sell potential, we can expand offerings to our customers and accelerate growth for both ADT and ADT Solar.”

 

From the news: “We’re excited to offer consumers even more peace of mind by giving them the opportunity to power their homes with sustainable and affordable solar energy. Residential solar represents a $15 billion annual market, but still only in 3 percent of all U.S. homes,” DeVries continued. “With more than 6 million ADT customers and our best-in-class sales force and marketing channels, we will be well-positioned to further scale ADT Solar while lowering customer acquisition costs and accelerating overall solar adoption. We believe we have the potential to grow ADT Solar into a multi-billion-dollar business over time as we meaningfully increase the accessibility and penetration of residential solar across America.”

 

iSun, Inc. (NASDAQ: ISUN), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services and a provider of proprietary electric vehicle charging platforms is also adding to the sector having recently announced that it has reached a definitive agreement to make a strategic minority interest equity investment in Encore Renewable Energy, a leading innovator in community-scale clean energy and Top 20 US commercial solar developer.

 

From the news:  iSun’s investment aligns with its previously stated growth objectives. First announced in late 2019, iSun’s growth strategy highlighted the specific steps the Company would take to accelerate the nation’s transition to solar energy across all sectors. The investment compliments two of the strategy's key pillars - organic growth organic regional growth by expanding relationships with existing Industrial and Utility customers, and investment in companies capable of increasing project pipeline opportunities.

 

From the news:  "This new infusion of capital from iSun will allow us to more than double our project development pipeline over the next 12 months," offered Chad Farrell, CEO and Founder of Encore Renewable Energy. "Deploying additional community-scale solar and solar + storage solutions across the Northeast and other strategic markets supports our ongoing work to accelerate the transition to a robust clean energy economy powered by low cost, carbon free renewable resources."

 

NextEra Energy, Inc. (NYSE: NEErecently announced that a subsidiary of NextEra Energy Resources, LLC has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 megawatt (MW) portfolio of long-term contracted renewables assets (the portfolio) to the Ontario Teachers' Pension Plan Board (Ontario Teachers' or the investor), one of the world's largest pension plans and a leading infrastructure investor, with approximately C$227.7 billion in net assets. The remaining 50% interest in the portfolio is under an agreement to be sold by NextEra Energy Resources to NextEra Energy Partners, LP (NYSE: NEP) pursuant to a purchase and sale agreement executed on Oct. 21, 2021 between a subsidiary of NEP and a subsidiary of NextEra Energy Resources.

 

The sale proceeds are expected to be redeployed into new wind, solar and battery storage growth opportunities, including NextEra Energy Resources' more than 18,000-MW renewables and storage backlog. This attractive capital recycling opportunity provides significant value to NextEra Energy Resources and highlights the value of its renewables development platform. Over the operating life of the assets in the portfolio, NextEra Energy Resources is also expected to receive ongoing annual fee income of approximately $16 million in year one and escalating thereafter for operations, maintenance and management services, and the transaction is expected to be accretive to earnings and generate an overall improvement in net present value for NextEra Energy shareholders.

 

From the news: "We are excited to make this significant investment and to grow our global portfolio of high-quality renewable energy assets," said Chris Ireland, managing director, Greenfield and Renewables at Ontario Teachers'. "NextEra Energy is one of the world's leading renewable energy companies and they share our focus on shaping a better future through the development of sustainable energy. This investment marks the beginning of what we expect will be a long-term partnership with NextEra Energy."

 

Companies are betting big on renewables because they know the global trend is not going away as climate change reminds us all that clean energy is the right path for the future.

 

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