Renewable Innovations (NBLD) Offers Mobile Power Generator (MPG) Systems and Will Use General Motors (GM) gen2 Hydrogen Fuel Cells
2022 purchase orders for hydrogen powered products has increased significantly over 2021
Lindon, Utah, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Renewable Innovations (RI) (OTC: NBLD) has received purchase orders from Fortune 50 Companies for its MPG (Mobile Power Generator) and for other hydrogen-related projects. Hydrogen fuel cells could offer a fully renewable and clean power source for stationary and mobile applications in the near future.
General Motors will be supplying HYDROTEC Gen2 fuel cells and lithium-ion batteries to Renewable Innovations for installation in these first units. This product will be utilized for several demonstrations and commercial applications including programs with both the Michigan Economic Development Corporation (MEDC), the US Military and State Energy Commissions.
“GM is supplying HYDROTEC fuel cell power cubes to Renewable Innovations of Lindon, Utah to build the Mobile Power Generator. GM will combine its fuel cell hardware and software with Renewable Innovations’ power integration and management systems to create a generator that can provide fast-charging capability for EVs without having to expand the grid or install permanent charging assets in places where there's only a temporary need for power.”
Charlie Freese, GM Executive Director, Global HYDROTEC
RI is a visionary company providing total zero-carbon, green solutions. In addition to mobile EV charging, GM and Renewable Innovations have collaborated on the EmPower™ rapid charger. Intended to help retail fuel stations add more affordable DC fast charging capability, the EmPower™ rapid charger will help deploy necessary fast charging without significant investment in non-recoverable electrical infrastructure upgrades, like larger feed wires, transformers and potentially new substations. EmPower™ rapid chargers can be installed at existing fuel stations or along corridors frequented by travelers only part of the year, such as national parks or vacation destinations.
The EmPower™ system can also provide facility backup and primary power. RI is the industry leader in renewable solutions and the first company to offer solution such as the MPG and EmPower™ products to the market. “Our expectation is to deliver multiple green-power systems to the market using hydrogen fuel cells,” Said Robert Mount, CEO of Renewable Innovations.
As the company continues its rapid growth, the company has hired Chesapeake Group for corporate communication and broker relations. The Chesapeake Group, Inc. will create and execute a new proactive investor relations program for current and potential investors. Chesapeake will control aspects of investor outreach with an emphasis on investor education and corporate transparency. Headquartered in Maryland, Chesapeake is an award-winning full-service investor relations firm that has been assisting public companies since 1996.
Visit www.renewable-innovations.com for further information on products, partners, clients, and press releases
About Renewable Innovations Inc.
Renewable Innovations is accelerating the growth and opportunities within the renewable economy. Their team of industry leaders brings extensive experience and invaluable connections across the Renewable, Hydrogen, and Alternative Energy sectors. Along with their partners, investors, and clients, they are making major technological advancements with products and solutions to lead the world into a new and exciting carbon-free future.
Forward Looking Statement
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized and involve risks and uncertainties, many of which are beyond Renewable Innovations control, including but not limited to regulatory approvals and market conditions. A discussion of factors that may affect future results is included in Renewable Innovation’s filings with the Securities and Exchange Commission. Renewable Innovations disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.
Brokers and Analysts
Chesapeake Group
410-825-3930
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Lynn Barney
Chief Financial Officer
investor@renewable-innovations.com