‘Green Energy Solutions.’ ‘The New Green Revolution.’ ‘Going Green for Mother Earth.’ There are a lot of catchphrases out there when it comes to renewable energy. And a lot of green technology companies talk a good game…Johnny-Come-Lately’s who often hitch their wagon to the latest fad in the renewables space.
For retail investors, one of the golden rules when it comes to investing in tech is to look for boots-on-the-ground companies that offer innovative ideas that lead to practical and adaptable real-world solutions. And, perhaps most importantly, experience. Enter the Niagara Falls ON-based firm that has been designing and building state-of-the-art global energy solutions since 2014 –
EnerDynamic Hybrid Technologies Corp. (EHT) (
TSX-V.EHT.
USOTC:EDYYF,
Forum).
In a
recent Stockhouse article, we examined EHT’s innovative design, state-of-the-art construction methods, and revolutionary technology that goes into building and powering mobile, multi-purpose, modular solar-powered units for the New Green Revolution.
Now, the Company is taking its design-build technology to Puerto Rico – the U.S. territory that is still struggling to recover from the unimaginable devastation inflicted by Hurricane Maria – a Category 5 storm that laid waste to 95% of the island nation on September 20, 2017. And a ‘Perfect Storm’ of infrastructure problems post hurricane continues to plague Puerto Rico nearly three years later.
Prior to both Hurricanes Irma and Maria, the Puerto Rico Electric Power Authority (PREPA) was already in disastrous shape, struggling with increasing debt, severe budget cuts, as well as the loss of 30 percent of its work force since 2012. With the median age of PREPA power plants close to 45 years old, the aging infrastructure across the island made its electric grid more susceptible to damage from storms. Inadequate safety mechanisms also plagued Puerto Rico's electric company, and local newspapers frequently reported on its poor maintenance and outdated control systems.
And if all that wasn’t enough, the recovery has made all the more difficult with the COVID-19 coronavirus shutting down ongoing work, as the territory continue to struggle to rebuild and come back online well into 2020.
That’s where EnerDynamic Hybrid Technologies’ “Puerto Rico Project” comes to the rescue. Funded by United States Government agencies Federal Emergency Management Agency (FEMA) and Department of Housing and Urban Development (HUD), the project just received a major capital boost from Brevet Capital – a leading global credit and specialty finance firm – on
July 29, 2020.
INVESTOR ALERT: The contemplated USD$100 million project financing facility and a US$10 million drawdown will enable EHT to fulfill all the Housing Material orders that are currently being negotiated, which amount to 16,000 at present with an average price of USD$130,000 per house, and pursue new orders.
The infusion of capital comes at the just the right time for EHT and its shareholders. John Gamble, EHT’s CEO, commented:
“
We are very pleased that Brevet has agreed to become our financing partner on this important project. This agreement now will get our Puerto Rico project moving immediately, we will have products ready for sale within 90 days and see revenue in this year, major step forward.”
On July 30th, 2020,
EHT updated investors on its plans with its JV partner in Puerto Rico, providing details on the Cat5 product line designed to withstand winds in excess of 200 MPH and seismic activity. The use of Cat5 products will provide the contractor with higher profit margin, faster build time, labor cost savings, resulting in more resilient and sustainable homes.
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Food for the North Program
The program has been designed to provide viable growth solutions to Northern communities that suffer from food insecurity. EHT’s solar-powered grow units also service off-the-grid communities.
CEO John Gamble said that the Company is working with various governmental agencies and looks forward to making an announcement in the next couple of months:
“We’ve signed a deal with Brevet to provide leasing facilities up to $250 million to various levels of governmental agencies in Canada.But the big news is that we have a new Agreement with Brevet to provide us with $100-million in capital with a $10-million draw for Puerto Rico.”
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About EHT
EnerDynamic Hybrid Technologies is a Canadian-based company delivering leading-edge energy solutions. EHT’s clean and renewable energy solutions are easily deployed and customizable. The Company is able to combine and integrate solar, battery storage technology, and energy efficient structures that qualify for being a “NET ZERO” carbon emission building.
EHT was initially created from the desire to help solve the current global energy crisis, while delivering clean and renewable energy results that can be customized and deployed as quickly as required.
While the Company is focused on North American markets for traditional commercial and utility scale solar and structural projects, it is rapidly expanding into Asian, African, and Latin American markets (like Puerto Rico) where bankable power solutions and efficient structures are needed immediately.
The Bottom Line:Solving the World’s Energy Challenges
EnerDynamic Hybrid Technologies Corp. was created from the desire to help solve the current global energy crisis and to deliver clean and renewable energy solutions that can be customized and deployed as quickly as needed.
While EHT is focused on North American markets for traditional commercial and utility scale solar and structural projects it is rapidly expanding into African and Latin American markets where bankable power solutions and efficient structures are needed immediately.
By combining solar energy with patented structural systems, the Company offers a uniquely robust and scalable energy solution, what they call the “EHT Advantage.”
And with the latest project finance agreement with Brevet Capital now in place and its recent joint venture with
Brieke Family Assets Ltd., EHT has the right financing, at the right time, to support its ambitious and “long overdue” Puerto Rico Project.
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For more information on EHT, please visit their informative website at ehthybrid.com
FULL DISCLOSURE: This is a paid article of Stockhouse Publishing.