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Bitech Tech - BTTC STOCK NEWS

Welcome to our dedicated page for Bitech Tech news (Ticker: BTTC), a resource for investors and traders seeking the latest updates and insights on Bitech Tech stock.

Bitech Tech (BTTC) delivers innovative energy storage and smart grid solutions for the renewable sector. This news hub provides investors with essential updates on the company’s strategic initiatives, technological advancements, and market positioning.

Access authoritative reporting on BTTC’s battery energy storage system (BESS) deployments, partnership announcements, and operational milestones. Our curated collection includes press releases covering:

• Strategic acquisitions like Emergen Energy integration
• New energy management platforms for microgrid applications
• Renewable project developments across commercial and utility scales

Bookmark this page for real-time updates on BTTC’s progress in enabling grid stability through advanced storage solutions and smart energy technologies.

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Bitech Technologies [OTCQB: BTTC] has appointed Montgomery ('Monty') Bannerman as an independent director to its Board of Directors, effective November 1, 2024. Bannerman, a veteran with over 30 years of experience in renewable energy and telecommunications, will serve on the Audit, Compensation, and Corporate Governance Committees. His appointment increases the board to six members, with three independent directors, supporting the company's plan to uplist to a national exchange. Bannerman is currently CEO of Denrgy and brings extensive experience in distributed renewable energy networks and strategic market penetrations. The appointment aligns with Bitech's expansion of its Battery Energy Storage System (BESS) business.

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Bitech Technologies (OTCQB: BTTC) has signed a non-binding term sheet for an $80 million investment tax credit transfer agreement for its 100MW Battery Energy Storage System (BESS) project in Texas. The agreement, with a leading renewable energy investment firm, aims to transfer up to $80 million in federal investment tax credits to potential buyers. Project Redbird is expected to generate approximately $78 million in tax credits by Q3 2025, based on a 50% investment tax credit from the Inflation Reduction Act of 2022.

Bitech anticipates completing financing for its first two 100MW BESS projects in Texas in H2 2024 and aims for initial commercial operation in Q2 2025. The company plans to expand its BESS business from 1.96GW to 5GW over the next 3-5 years, with construction set to begin in early 2025.

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Bitech Technologies (OTCQB: BTTC) has provided a business update and key 2024 milestones for its Battery Energy Storage System (BESS) projects. The company has strengthened its position in the renewable energy market with a focus on developing and operating a 3.4GW pipeline of BESS and solar energy projects across key U.S. independent system operators. Bitech recently completed an acquisition to control 1.965GW of BESS projects with an estimated Net Present Value of $325 million.

The company has divested 2.425GW of early-stage solar projects, expecting to receive $19.4 million over 18 months. Bitech is advancing technology integration, including filing a patent for an Edge Server Integrated Utilities Device. The company is progressing with project financing and aims to achieve its first Commercial Operation Date in Summer 2025. Bitech has applied for Nasdaq uplisting and engaged MZ Group for capital markets strategy.

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Bitech Technologies (BTTC) has announced the sale of a 2.425 GW portion of its solar project portfolio to Bridgelink Development for $19.4 million. This sale is part of Bitech's strategic shift to focus on the rapidly growing Battery Energy Storage Systems (BESS) market in the US. The deal, completed on May 30, 2024, includes an initial deposit of $943,500. Bitech aims to concentrate on its 1.965 GW BESS portfolio to capitalize on the increasing demand for energy storage solutions. The sale is expected to bolster Bitech's revenue and establish a valuable partnership with a leading renewable infrastructure group. The transaction details are available in the company's Form 8-K filed with the SEC.

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FAQ

What is the current stock price of Bitech Tech (BTTC)?

The current stock price of Bitech Tech (BTTC) is $0.068 as of February 7, 2025.

What is the market cap of Bitech Tech (BTTC)?

The market cap of Bitech Tech (BTTC) is approximately 32.3M.
Bitech Tech

OTC:BTTC

BTTC Rankings

BTTC Stock Data

32.32M
161.12M
77.57%
Utilities - Renewable
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United States
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