EVgo, one of the largest fast charging networks in the U.S

EVgo, one of the largest fast charging networks in the U.S., announced a definitive agreement for a business combination with Climate Change Crisis Real Impact I Acquisition Corporation, a special purpose acquisition company already publicly traded on NYSE (CLII).

It’s amazing how quickly the SPAC’s are spreading in the EV industry. Just a few months ago we saw that ChargePoint is also going public through SPAC.

EVgo was founded in 2010 by NRG, but then sold to Vision Ridge Partners in 2016. In early 2020, the company was acquired by LS Power and soon it will be publicly listed.

At the current stage, EVgo has more than 800 charging locations in 67 major metropolitan markets across 34 states. The number of customers exceeds 220,000, which is some 40,000 more than a year ago (over 180,000).

 

According to the transaction overview, the combined company will be evaluated at $2.6 billion (100% of EVgo shares will translate into 74% of the combined company) and net cash proceeds are estimated to be approximately $575 million.

The company intends to use the money to further expand the network. We must remember that EVgo also has a deal with GM to add more than 2,700 individual new fast chargers in the next five years (2021-2025).

“The pro forma implied market capitalization of the combined company is $2.6 billion at the $10 per share PIPE subscription price, assuming no CRIS shareholders exercise their redemption rights. Net cash proceeds are estimated to be approximately $575 million, comprised of $400 million from the PIPE and approximately $230 million of cash held in trust by CRIS before any adjustments due to redemptions by CRIS shareholders and payment of deferred underwriting compensation, less transaction expenses.

Proceeds will be used to fuel EVgo’s growth strategy, including the buildout of its charging infrastructure network, and will enhance the company’s position as the market leader in the transition to clean mobility. LS Power and EVgo management, who together own 100% of EVgo today, will be rolling 100% of their equity into the new company, and is estimated to represent approximately 74% of the company upon transaction close.”

CGE Energy’s Subsidiary Aradatum Unveils its Self-Powered 5G Tower: The Next Generation of Ubiquitous Wireless Connectivity

BRIGHTON, Mich, Jan. 26, 2021 (GLOBE NEWSWIRE) — CGE Energy, Inc.’s (OTCPink: CGEI) subsidiary Aradatum, Inc. today introduced the world’s first truly self-powered macro cell tower that can be placed literally anywhere. Aradatum is a technology company that dares to go where others don’t. Taking a unique approach to modernizing telecom infrastructure, the start-up’s self-powered towers give wireless pioneers and mobile and virtual network operators (MNOs/MVNOs) access to previously unreached and strategic locations needed to optimize their advanced applications of 5G, fixed wireless access (FWA), Citizens Broadband Radio Service (CBRS), neutral host, private networks, and edge computing.

Aradatum is the culmination of 11 years of product development, headed by a team of individuals across varying backgrounds with a foundation in wireless connectivity and power technologies. Formed in the midst of the COVID-19 pandemic, the company dedicated itself to bringing communications infrastructure to areas that lack connectivity and to open up the benefits of living, working, and playing in a connected world to everyone.

“Our brand is focused in two specific areas,” said Larry Leete, President of Aradatum, “Our first focus is bringing communications and connectivity to areas that don’t have access to broadband, especially in those environments that are off the traditional path in more rural and suburban areas.” Today, 157 million people in the U.S. do not use the internet at broadband speeds, while 45 million people don’t have access to broadband at all.

Leete continued, “Our second area of focus is supporting and enhancing the next generation of applications that will drive digital transformation.”

Unlocking the full potential of the applications that will advance these technologies will require innovative infrastructure that can solve the geographic and power challenges that have limited the reach of wireless networks to date. While telecommunications are wireless, most macro towers still operate on a power cable. Aradatum’s towers remove the need to run new power lines and frees its towers to go places others can’t. Powered by clean, renewable energy with energy storage, Aradatum’s tower design is an environmentally responsible way to meet the growing demand for connectivity and for MNOs and MVNOs to attain targeted and specific renewable energy goals. With multiple scalable energy sources, the tower system can handle the MNO’s cell site energy needs to provide 99.999% network uptime.

“Our towers completely redefine where a cell tower can go and how they’re powered. Energy is the highest of all operating expenses for telecom businesses today,” said Paul Schneider, VP of Marketing and Business Development, “As more and more MNOs and MVNOs are looking towards ‘green power’, we designed our self-powered macro-towers to meet this need. We’re excited to help deploy next-generation connectivity to every inch of the earth.”

Aradatum empowers MNOs, MVNOs, and tech companies to cross previously impenetrable barriers to bring next-generation applications to everyone, including game changing technologies like self-driving vehicles, robotic surgery, AI, Robotics, M2M, Machine Learning, AR/VR, e-sports, Big Data, IoT, holography, and edge colocation.

To learn more on how Aradatum is bringing access absolutely anywhere, visit https://aradatum.com/; Twitter: @daretoaradatum (https://twitter.com/daretoaradatum); LinkedIn: https://www.linkedin.com/company/aradatum

About CGE Energy, Inc.

CGE Energy, Inc., and its wholly-owned subsidiary Clean Green Energy, Inc., is a developer of long-term energy projects and self-powered infrastructure which solve the unique energy challenges of their commercial, municipal and nonprofit customers. The Company provides both services and products that enable its customers to reduce their energy consumption; lower their upfront, operating and maintenance costs; and realize environmental benefits.

http://www.cgeenergy.com/

About Aradatum, Inc.

Aradatum is a technology company that provides the keys to ubiquitous wireless connectivity. Aradatum puts the infrastructure in place to solve geographic and power challenges that have limited the reach of next-generation wireless networks, offering a simple way to provide secure and instantaneous communication for telecommunications and network infrastructure equipment running advanced applications for 5G, private networks, and edge computing. https://www.aradatum.com/

Press Release Contacts

CGE Energy, Inc.
Paul Schneider, VP Marketing
248-446-1344
pschneider@cgeenergy.com

Forward-Looking Statements

This release may contain “forward-looking statements” that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. All forward-looking statements included in this release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements.

ABML has achieved three critical milestones that enable the Company to move ahead in permitting, constructing, and commissioning its pilot lithium-ion battery recycling plant in Fernley, Nevada:

ABML is a smart play on the electric vehicle (EV) boom with its pilot lithium-ion battery recycling plant in Fernley, Nevada. Elon Musk has said repeatedly that his biggest obstacle is ensuring that Tesla has enough raw materials to meet the demand for the lithium-ion batteries it needs.

Over the past three months, ABML has achieved three critical milestones that enable the Company to move ahead in permitting, constructing, and commissioning its pilot lithium-ion battery recycling plant in Fernley, Nevada:

  1. Purchased the Pilot Factory Land – ABML purchased 12.44 acres of undeveloped land located at 345 Winston Lane, Fernley, Lyon County, Nevada. ABML will be constructing five separate building areas on this property to create a Pilot Plant campus that includes: Production Process Areas, Feedstock Sorting Area, Analytical Laboratory Spaces & Process Development Bays, a Storage Warehouse, and general Office Space.
  2. Secured Water Rights – ABML has secured multiple water allocations from the Fernley Area Basin 76 (Lyon, Washoe, Storey, and Churchill Counties) of Nevada’s West Central Region (Hydrographic Region 5). By securing these water rights, ABML ensures it can operate its pilot facility at full throughput with adequate water capacity for many years to come.
  3. Hired Design/Build Construction Firm – ABML has selected Miles Construction as the design-build contractor for its Fernley pilot plant campus. ABML is finalizing its permitting processes with the City and NDEP and will announce updated permitting and construction timelines in early 2021.

Furthermore, former Tesla executive Ryan Melsert and his team at ABML have been awarded $4.5 million in gov funding for field demonstration of selective leaching, targeted purification, and electrochemical production of battery-grade lithium hydroxide precursor from domestic claystone resources.

Our only concern is that ABML now has a $975 million market cap. Shorts are bound to get aggressive.

Vivint Solar: a smaller player with an innovative contract

Vivint Solar is included on the list with more established players in the U.S. power generation business because it has designed something innovative that responds to a growing market need and is likely to increase revenue over the long-term.

Utilities have started asking developers to build solar energy projects and install a storage component at the same time, rather than add storage to existing projects. These solar-plus-storage projects have come online in Hawaii and California. Vivint is taking the concept to the residential solar market, having launched a contract structure that will enable homeowners to pay one rate for solar and battery storage in California. The battery can be used during power outages and during peak demand hours when utility rates are highest. Vivint typically offers installation of residential solar panels with no up-front cost to the customer in exchange for a 20-year contract to sell power to the property owner.

Mass Megawatts Windpower (MMMW) Surges 80% on new FL sales office announcement.

Worcester, Massachusetts–(Newsfile Corp. – January 15, 2021) – Mass Megawatts Wind Power, Inc. (OTC Pink: MMMW) plans to launch a sales office in Florida during the early months of 2021 in order to take advantage of the fast-growing solar market in the state. The sales operation includes the sales of both traditional stationary solar units and solar projects including the patent pending solar tracker. Initially, the Florida operations would comprise no more than nine employees within a short period of time. The sales effort plans include a sales manager, assistant sales manager, field employees to identify potential sales, and other employees to close the sales. Installations of the solar projects would be done either in house or outsourced on a case-by-case basis. The use of our patent pending solar tracker would only be used on ground mount or flat roof projects.

Recently, the company announced progress with plans on producing the new solar tracker. The use of solar trackers is known to reduce the cost of solar powered electricity. Although Mass Megawatts in 2021 is aiming to achieving a very small fraction of global demand of this specific solar market segment, the solar tracker market is anticipated to be worth more than $3 billion by 2025 expanding from the current market size of about $2 billion. Mass Megawatts sees an opportunity to be part of the growing solar tracker market with a lower cost product than the trackers marketed by other solar tracker companies in this high growth segment of the solar energy market. A solar tracker is a method of tracking the sun throughout the day for a photovoltaic (PV) system. In order to increase energy output throughout the day. The market is anticipated to have substantial growth due to the growing need for renewable energy.

In order to encourage sales of a new technology, Mass Megawatts will produce a limited supply of solar trackers to be sold at the cost to produce the product for a limited amount of small commercial ground mounted solar project. The discount will be primarily available to purchasers with substantial knowledge of solar power installations. The project owners would have to agree to a limited amount of publicity related to the project. It is a good opportunity for any business seeking to receive publicity related an effort to advance renewable energy technology. More information is available at www.massmegawatts.com with a contact page available for anyone seeking to get involved.

Mass Megawatts is finalizing efforts to bring a new Solar Tracking technology with more electric cost savings for its customers in comparison to its stationary units. The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to improve solar-energy production while and at the same time reduce material and installation cost.

The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to automatically adjust the position of solar panels throughout the day to receive an optimal level of direct sunlight. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while also improving energy production levels. The STS also uses a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather, in order to reduce wind-related stresses and system downtime. The STS allows Mass Megawatts to lower the cost of material and reduce the number of solar panels needed to generate the rated capacity. Due to this advantage, Mass Megawatts can deliver more solar power production at a price similar to lower-capacity, stationary systems.

With its patent pending, Solar Tracking System and Wind Electric Power Generation system, only approximately 66 million shares issued and outstanding, and very little debt. Mass Megawatts believes it is well positioned for expanded production and supporting its revenue generation goals in the longer term.

Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com and the e-mail address on the web site.

This press release contains forward-looking statements that could be affected by risks and uncertainties. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power.

Contact:
Mass Megawatts Wind Power, Inc.
info@massmegawatts.com
www.massmegawatts.com

Source: https://finance.yahoo.com/news/mass-megawatts-mmmw-plans-launch-124900499.html