How Vehicle-To-Grid Strategies Can Save Central Grids During Storms And Emergencies; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportuni-ties In Electric Cars And EV Charging Stations
Evs-to-grid-power is reverse thinking. Up until now, strategies involved charging electric vehicles to avoid fossil fuels. Now, the strategy is also EV-to-grid using stored electric energy in electric vehicles to power grids and save ancient or dying central electrical grids in storms and other emergencies. To installers like Solar Integrated Roofing Corp. (OTC PINK: SIRC) the thinking has always been the emerging EV Charging Station industry — not the central grid charging business.
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), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), 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).
How Vehicle-To-Grid Strategies Can Save Central Grids During Storms And Emergencies; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunities In Electric Cars And EV Charging Stations
The majority of thinking is precisely the way SIRC believes the classic EV Charging Station calls for it. EV Charging Stations would be a supportive industry to electric cars and trucks.
The newest strategy to support the aging central grids of the U.S. in emergencies could also work — but it would not be a priority, according to The Wall Street Journal. How Vehicle-To-Grid Strategies Can Save Central Grids During Storms And Emergencies; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunities In Electric Cars And EV Charging Stations.
In this new scenario, electric cars and trucks would also serve as emergency home generators. Annette Clayton, CEO North America for Schneider Electric says, “I think we’re really, really close.”
The strategy started with electric school buses. For vehicles to grid reverse power, they are perfect. They sit in storage yards for long periods and are able to reverse charge into power grids that need excess energy.
John Isberg, a vp at utility National Grid, like the idea. He thinks the strategy can help delay or even avoid costly eventual system upgrades.
Bi-directional charging still needs more work, such as a study as how it may harm vehicle batteries, but in theory it can work. How Vehicle-To-Grid Strategies Can Save Central Grids During Storms And Emergencies; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunities In Electric Cars And EV Charging Stations.
SIRC sees installing EV Charging Stations conventionally — charing an electric vehicle in an electric vehicle. It can be a lucrative industry. And, for SIRC, it is part of its strategy to become a national brand and create a nationwide footprint.
In addition to its subsidiary PLEMCO., SIRC recently announced it signed an LOI to acquire three complementary LA-based EV Charging Station companies. It is also seeking an up list in its listed national stock exchange and a corporate name change.
This all comes after Solar Integrated Roofing Corp. (OTC PINK: SIRC) announced a Q3 fiscal 2022 964% record sales jump to $48.2 million from $4.5 million the comparable period the prior year. SIRC also sees itself ‘substantially exceeding’ its earlier forecast of $100 million revenue for the 12 months ended May 31, 2022. Its annual run rate is now approaching $200 Million, the Company said.
David Massey, chairman and CEO, comments, “The third quarter of fiscal 20222 was highlighted by record revenue of $48.2 million, driven by seamless integration of our rapidly growing, high-margin acquisitions and our evolution into a truly national brand.
“The rapid pace of our acquisitions, partnerships and organic sales growth has enabled this incredible record revenue achievement, and we aim towards substantially exceeding our fairly conservative guidance for $100 million in revenue in the twelve months ended May 31, 2022.
Massey also made several important announcements: “As we transition into CY 2022, we look forward to completing the next phase of our journey by implementing a name change to SolarEV and a planned ticker change to POWR. While our record quarter clearly demonstrates proven success in solar, we intend to redouble our efforts to become an equally dominant, national player in the EV charging space, with an eye towards exponential, dual-industry growth and an improved focus on generating shareholder value.”
Earlier, Massey of SIRC announced that the Company has applied to up list to the OTCQB exchange.
He said, “Our application to up list 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.
He commented, “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 up listing in the future,” he concluded.
The up listing application is subject to the approval of the OTC Markets and the satisfaction of applicable listing requirements, the Company said. OTCQB is a trading platform is operated by the OTC Markets Group in New York. SIRC said it is a premiere marketplace for early-stage and developing U.S. and international companies.
How Vehicle-To-Grid Strategies Can Save Central Grids During Storms And Emergencies; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Opportunities In Electric Cars And EV Charging Stations
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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