Antelope Enterprise Announces First Phase of Planned Energy Production Sold Out
Antelope Enterprise Holdings (NASDAQ: AEHL) has announced that the first phase of its planned energy supply project in Midland, Texas, consisting of 9 MW of electricity generation, has been sold out. The company, which is the majority owner of Hainan Kaylin Cloud Services Technology Co., , plans to further develop the project to increase power generation output.
CEO Will Zhang highlighted that natural gas can achieve higher thermal efficiencies compared to other fossil fuels and is considered a reliable fuel source for consistent power generation. The company anticipates strong demand for energy due to the growth of AI data centers and computing power centers in the US, and plans to implement additional energy production in the future.
Antelope Enterprise Holdings (NASDAQ: AEHL) ha annunciato che la prima fase del suo progetto di fornitura energetica pianificato a Midland, Texas, composta da 9 MW di generazione elettrica, è esaurita. L'azienda, che è il principale azionista di Hainan Kaylin Cloud Services Technology Co.,, prevede di sviluppare ulteriormente il progetto per aumentare la produzione di energia.
Il CEO Will Zhang ha sottolineato che il gas naturale può raggiungere efficienze termiche più elevate rispetto ad altri combustibili fossili ed è considerato una fonte di energia affidabile per una generazione di potenza costante. L'azienda prevede una forte domanda di energia a causa della crescita dei centri di dati AI e dei centri di potenza di calcolo negli Stati Uniti, e pianifica di implementare ulteriori produzioni di energia in futuro.
Antelope Enterprise Holdings (NASDAQ: AEHL) ha anunciado que la primera fase de su proyecto de suministro energético planificado en Midland, Texas, que consiste en 9 MW de generación de electricidad, se ha agotado. La empresa, que es la accionista mayoritaria de Hainan Kaylin Cloud Services Technology Co.,, planea desarrollar aún más el proyecto para aumentar la producción de energía.
El CEO Will Zhang destacó que el gas natural puede alcanzar eficiencias térmicas más altas en comparación con otros combustibles fósiles y se considera una fuente de combustible confiable para una generación de energía constante. La empresa anticipa una fuerte demanda de energía debido al crecimiento de los centros de datos de IA y los centros de poder de computación en los EE. UU., y planea implementar producción de energía adicional en el futuro.
안텔로프 엔터프라이즈 홀딩스 (NASDAQ: AEHL)는 텍사스 미들랜드에서 계획된 에너지 공급 프로젝트의 첫 번째 단계가 9 MW 전기 생성으로 매진되었다고 발표했습니다. 이 회사는 하이난 카일린 클라우드 서비스 기술 회사의 주요 소유자이며, 전력 생성 출력을 늘리기 위해 프로젝트를 추가로 개발할 계획입니다.
CEO 윌 장은 천연가스가 다른 화석 연료에 비해 더 높은 열 효율성을 달성할 수 있으며, 안정적인 전력 생성 원천으로 간주된다고 강조했습니다. 이 회사는 AI 데이터 센터와 컴퓨팅 파워 센터의 성장으로 인해 에너지 수요가 강할 것으로 예상하고, 향후 추가적인 에너지 생산을 구현할 계획입니다.
Antelope Enterprise Holdings (NASDAQ: AEHL) a annoncé que la première phase de son projet de fourniture d'énergie prévu à Midland, Texas, comprenant 9 MW de production d'électricité, est épuisée. L'entreprise, qui est le principal actionnaire de Hainan Kaylin Cloud Services Technology Co., prévoit de développer davantage le projet afin d'augmenter la production d'énergie.
Le PDG Will Zhang a souligné que le gaz naturel peut atteindre des rendements thermiques plus élevés par rapport à d'autres combustibles fossiles et est considéré comme une source fiable de combustible pour une production d'énergie constante. L'entreprise prévoit une forte demande en énergie en raison de la croissance des centres de données IA et des centres de puissance informatique aux États-Unis, et envisage de mettre en œuvre une production d'énergie supplémentaire à l'avenir.
Antelope Enterprise Holdings (NASDAQ: AEHL) hat bekannt gegeben, dass die erste Phase seines geplanten Energieversorgungsprojekts in Midland, Texas, bestehend aus 9 MW Stromerzeugung, ausverkauft ist. Das Unternehmen, das Mehrheitseigentümer von Hainan Kaylin Cloud Services Technology Co. ist, plant, das Projekt weiterzuentwickeln, um die Energieerzeugung zu erhöhen.
CEO Will Zhang hob hervor, dass Erdgas im Vergleich zu anderen fossilen Brennstoffen höhere thermische Wirkungsgrade erzielen kann und als zuverlässige Energiequelle für eine konstante Energieerzeugung gilt. Das Unternehmen erwartet eine starke Nachfrage nach Energie aufgrund des Wachstums von KI-Datenzentren und Rechenzentrumszentren in den USA und plant, in Zukunft zusätzliche Energieproduktion umzusetzen.
- First phase of 9 MW electricity generation project sold out
- Plans to increase power generation output in future phases
- Anticipates strong demand for energy due to growth of AI data centers
- None.
Insights
The announcement of Antelope Enterprise's sold-out first phase of electricity generation in Midland, Texas, signals a positive start for their energy infrastructure venture. The 9 MW capacity demonstrates initial market validation, but it's a relatively small-scale project in the broader energy landscape.
The focus on natural gas power generation is strategic, given its higher thermal efficiency and reliability compared to other fossil fuels. This aligns well with the growing demand for consistent power supply, especially for energy-intensive sectors like AI data centers.
However, investors should note that AEHL is diversifying from its previous focus on livestreaming e-commerce in China. This pivot to energy infrastructure in the US represents a significant shift in business strategy and carries execution risks. The company's ability to scale up and manage larger energy projects will be important for long-term success.
While the sell-out is encouraging, the financial impact remains unclear without specific revenue or profitability figures. Investors should watch for future announcements on expansion plans and financial performance to gauge the true impact on AEHL's bottom line.
The Company’s 9 MW of Electricity a Sought-After Resource
NEW YORK, NY, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (“Antelope Enterprise”, “AEHL” or the “Company”), the majority owner of Hainan Kaylin Cloud Services Technology Co., Ltd (“Kylin Cloud”), a provider of energy infrastructure solutions through natural gas power generation, and the majority interest owner of KylinCloud, a livestreaming e-commerce business in China, today announced that its first phase of its planned supply project in Midland, Texas, has been sold out. The Company’s energy supply project will be further developed to increase its power generation output.
Will Zhang, CEO of Antelope Enterprise, commented “We are pleased to announce that our first phase of 9 MW of electricity generation has been sold out. Natural gas can achieve significantly higher thermal efficiencies than other fossil fuels and considered a reliable fuel source allowing for consistent power generation with predictable output.”
“We believe that there will be additional strong demand for energy due to the growth of AI data centers and computing power centers in the US, and we plan to implement additional energy production in the coming periods,” CEO Will Zhang concluded.
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited (“Antelope Enterprise”, “AEHL” or the “Company”) engages in energy infrastructure solutions through natural gas power generation via its wholly owned subsidiary AEHL US LLC ("AEHL US") and holds a
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All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
Contact Information:
Antelope Enterprise Holdings Limited
Edmund Hen, Chief Financial Officer
Email: info@aehltd.com
Precept Investor Relations LLC
David Rudnick, Account Manager
Email: david.rudnick@preceptir.com
Phone: +1 646-694-8538
FAQ
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