Solar Integrated Roofing Corp. (OTC PINK: SIRC) Subsidiary, PLEMCo., Partners With Heartland Construction To Install EV Chargers At Up To 200 Apartment Build-ings Nationally; Long Term Agreement Calls For SIRC To Install EV Charging Sta-tions For Heartland’s Solar Projects
Solar Integrated Roofing Corp. (OTC PINK: SIRC) announced today (November 11, 2021) that its PLEMCo. subsidiary has signed a partnership deal with alternative energy developer Heartland Construction to install EV Charing Stations in Heartland’s solar projects. The agreement is for up to 200 apartment building projects nationally. The first is in Portland, Ore., where SIRC will install some 20-50 Level 2 stations generating of at least $250,000 in expected revenues, SIRC says. The goal is to enhance the value of these multi-unit residential facilities and to make them more competitive to the modern consumer, the Company said.
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).
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Subsidiary, PLEMCo., Partners With Heartland Construction To Install EV Chargers At Up To 200 Apartment Buildings Nationally; Long Term Agreement Calls For SIRC To Install EV Charging Stations For Heartland’s Solar Projects
David Massey, Chairman and CEO of SIRC, said, “The expected near term potential addressable opportunity of at least several million dollars is only the ti of the iceberg in terms of the revenues we expect from this subsidiary in the coming several quarters. We expect to see further gains as we continue our effort to provide all-inclusive alternative energy solutions for both homeowners and businesses across the country.”
Massey continued, “PLEMCO has primarily focused attention on the installation of large utility and government charging station projects, but as the demand for charging stations grows exponentially, we are expanding our sales initiatives to encompass businesses of all sizes across a national landscape.
“Heartland Construction’s solar projects are being constructed on apartment buildings, and the addition of EV charging stations will further enhance their aim of providing energy solutions for their end-clients. Solar and EV charging together help to set client apartment buildings apart from competing buildings — while concurrently providing clean energy solutions that are quickly becoming a requirement for both homeowners and businesses across the country.”
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Subsidiary, PLEMCo., Partners With Heartland Construction To Install EV Chargers At Up To 200 Apartment Buildings Nationally; Long Term Agreement Calls For SIRC To Install EV Charging Stations For Heartland’s Solar Projects
This a big week for the electric vehicle industry. Rivian, an OEM electric truck manufacturer, starting trading yesterday with its IPO. Trading under the symbol of (NASDAQ: RIVN), common shares in after hour closing hit $106.78 — the biggest IPO since Facebook — and the Company reached a $93 billion valuation. That’s higher than the market caps of Ford (NYSE: F) or General Motors (NYSE: GM).
That compares quite favorably with Tesla’s (NASDAQ: TSLA) fund raising of $226 million in its IPO in 2010. Only in this year did Tesla achieve profitability.
Both Rivian and Tesla will drive the demand for more EV Charging Stations. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Subsidiary, PLEMCo., Partners With Heartland Construction To Install EV Chargers At Up To 200 Apartment Buildings Nationally; Long Term Agreement Calls For SIRC To Install EV Charging Stations For Heartland’s Solar Projects.
Tesla (NASDAQ: TSLA) stunned and excited the rest of the electric car industry when it announced its Q3 record earnings of $1.6 billion and sales of $13.8 billion. Tesla, the leading EV vehicle OEM manufacturer, additionally owns 56% of the electric charging market. The Q3 financials prove that electric cars manufacturing can be profitable — supported by the largest EV Charging Station network globally.
General Motors (NYSE: GM) plans to introduce 30 all electric vehicle models globally by 2025, beginning with its first electric pickup truck being shown trade events— a competitor to Ford’s (NYSE: F) new ‘Lightning,’ an electric version of its best-selling ‘150’ pickup truck. The ‘Lightning’ already has 150,000 non-binding buy reservations.
The Q3 earnings announced by Tesla (NASDAQ: TSLA) dwarfed the early efforts of General Motors (NYSE: GM) and Ford (NYSE: F) in the electric car business. Tesla (NASDAQ: TSLA) may have had a head start in the EV business, but GM and Ford — as well as a growing number of other OEM car brands — are entering and growing the electric car industry. Building a national network of EV Charging Stations is becoming more of a factor to challenge ‘range-anxiety’ fears of potential electric car buyers.
The EV Charging Station industry, supporting the electric car industry, is seen as a sweet spot in the future. GM’s goal is $280 billion by 2030 in electric cars, as it partners with EV charging company EVgo (NASDAQ: EVGO) for the installation of fast chargers. EVgo may have the inside track to install 2,500 chargers for GM by the end of 2025, but it spells opportunities for others.
One is Solar Integrated Roofing Corp. (OTC PINK: SIRC), through its subsidiary PLEMco. Solar Integrated Roofing Corp. (OTC PINK: SIRC) is an aggressive player in the EV Charging Station industry and is an applicant for some $100 million in government grants to build more. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Subsidiary, PLEMCo., Partners With Heartland Construction To Install EV Chargers At Up To 200 Apartment Buildings Nationally; Long Term Agreement Calls For SIRC To Install EV Charging Stations For Heartland’s Solar Projects.
SIRC, through its PLEMco subsidiary, is committed to winning a share of the emerging EV Charging Station industry. SIRC is a proponent of an eco-system of green energy. The EV Charging Station sector is an important space for SIRC, in addition to its roofing, solar and rechargeable solar battery businesses. One catalyst advantage for SIRC is that 80% of EV charges are made in the home, the Department of Energy (DOE), found. SIRC solar and battery residential installations mean that the company’s installers are often in the home — where electric car charging already occurs.
Electric car sales in the U.S. are soaring, more than doubling in the 1st half of 2021with Ford (NYSE: F), General Motors (NYSE: GM) and foreign OEM makers, such as Mercedes-Benz, Volkswagen and BMW AG, are setting self-imposed deadlines of 2030 for all-electric model lines. EV Charging Stations — especially fast charging stations — are a key factor in supporting electric vehicle sales.
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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