Drones, IoT, Virtual Reality, Artificial Intelligence, Advanced Imaging And Cloud Computing Are Driving The Future Of Solar, Wind And Other Renewable Energy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Footprint In Solar Sector
Sophisticated technology such as Drones, IoT, Virtual Reality, Machine Learning and Cloud Computing are playing a role now in the growth of solar and wind renewable energy, according to a study by Frost & Sullivan. In residential solar, drones are a primary asset — cutting down the time and ensuring safety for the initial site inspection, A drone can cut 90% off the time necessary to construct a 3D computer model of a roof to receive solar. For less money, drones provide more accurate measurements and speeds the solar installation process. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), roofing and solar are primary business sectors as it expands its footprint nationally.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Drones, IoT, Virtual Reality, Artificial Intelligence, Advanced Imaging And Cloud Computing Are Driving The Future Of Solar, Wind And Other Renewable Energy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Footprint In Solar Sector
Frost & Sullivan, as reported by PV Magazine, anticipates that use of higher technologies will play a larger role in the growth of renewable green energy solar and wind. The advantages are that drones are able to quickly capture images from locations not easy-to-reach by engineers and technicians. Cloud computing oversees all data — such as 5G and artificial intelligence (AI) — while robots can help troubleshooting and provide maintenance on solar and wind installations, the report said. Frost & Sullivan also concluded that mobile solutions are flexible and efficient, available at all times anywhere — saving on travel costs and providing optimum safety to technicians who otherwise would have to physically climb onto roofs.
The site Energy Sage went further still in describing the ways sophisticated technology would drive solar installations in the future in residential projects and commercial utility scale installations. For residential projects, drones in a shorter time frame offers near perfect measurements. Drones in residential solar projects also provide aerial imaging and terrain mapping, the analysis finds. Drones, IoT, Virtual Reality, Artificial Intelligence, Advanced Imaging And Cloud Computing Are Driving The Future Of Solar, Wind And Other Renewable Energy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Footprint In Solar Sector.
All this new high technology is reinforcing the future for solar. Despite current supply chain shortages and price hikes, the solar space is seen as significant — socially, financially and politically. The Biden Administration is pro-green energy, especially in solar and wind.
New studies by Wood Mackenzie/Solar Energy Industries Association and ReportLinker report that solar is spiking. Solar installations jump 46% in Q1 2021, and set to hit a 24% high for this full year, according to research firm Wood Mackenzie and the Solar Energy Industries Association and reported by Reuters. Additionally, research firm ReportLinker in a new study predicts 13.78% CAGR growth for solar through 2026. Drones, IoT, Virtual Reality, Artificial Intelligence, Advanced Imaging And Cloud Computing Are Driving The Future Of Solar, Wind And Other Renewable Energy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Footprint In Solar Sector.
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) Sales Jump 87% In FY2021 To A Record $17.1 Million
Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) fiscal performance for FY 2021 was an 87% jump in volume to $17.1 million. The company also reaffirmed its $100 million guidance for the 12 months ended May 31, 2022 and David Massey, SIRC CEO, said he expects the company to “reach profitability” in FY2022. SIRC also reported that its gross profit increased in FY2021 and its operating expenses dropped in FY2021 as a percentage of total sales compared to the period the prior fiscal year. The bullish future guidance on volume and profitability reflects, in part, the upbeat future of solar.
Also driving solar sales at Solar Integrated Roofing Corp. (OTC PINK: SIRC) will be its latest acquisition, Future Home Power. Massey, CEO of SIRC, said he sees Future Home Power as a business development arm for SIRC, driving sales. Recently, SIRC congratulated Future Home Power on its record-breaking $700,000 single sales day. Drones, IoT, Virtual Reality, Artificial Intelligence, Advanced Imaging And Cloud Computing Are Driving The Future Of Solar, Wind And Other Renewable Energy; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Expanding Footprint In Solar Sector.
SIRC sees Future Home Power rapidly scaling to volume of some $1+ million per week at a 45%+ gross margin as early as June 2021 — acting as a “major growth driver’ for other SIRC subsidiaries, which can then complete the on-site contracting work once the sale is complete, capturing the full lifecycle value of each customer. The sales volume of $1+ Million per week would be incremental to SIRC at 45%+ gross margins.
$1+ Million Per Week Scaling For Future Home Power
Massey said, “Management believes that based join historical performance and with the new additions, Future Home Power can scale to a $1+ million per week sales flow, acting as a major revenue driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete.”
San Diego-based Future Home Power specializes in the sales of residential solar panels as well as battery storage — partnering with local installers to finalize on site installation. Massey added, “Future Home Power is a true up and comer in the solar and battery storage business.”
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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