EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Positioned as Emerging Leader in Booming Renewables Sector

Rhea-AI Summary

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) has been featured in an editorial by NetworkNewsWire, highlighting the surge in the renewable energy market due to the Inflation Reduction Act (IRA). The IRA allocates $369 billion to boost clean energy production, potentially tripling output by 2030. EverGen, a key player in renewable natural gas (RNG), aims to capitalize on this growth as over 550 gigawatts of new energy supply from green sources is expected. The company, headquartered in Canada, focuses on developing and operating RNG and waste-to-energy projects, anticipating expansion across North America.

Positive

• EverGen positioned as a leader in the growing renewables market.
• $369 billion allocated by the IRA to renewable energy could enhance EverGen's growth prospects.
• Expected tripling of clean-energy production by 2030 benefits companies in the sector.

Negative

• None.

NEW YORK, Feb. 01, 2023 (GLOBE NEWSWIRE) -- via InvestorWire — EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities. 

To view the full publication, “Inflation Reduction Act Fans Red-Hot Trend in Renewable Energy Market,” please visit: https://nnw.fm/N9ZUr

The market for renewable energy enjoys considerable tailwinds due to growing concerns about climate change, energy security and global initiatives to reign in carbon emissions. The tailwinds turned into a tempest late in 2022 when the Inflation Reduction Act (IRA) was signed into law. The IRA is the largest investment ever by the U.S. government in renewable energies, earmarking $369 billion to accelerate efforts to reduce dependence on fossil fuels.

According to some experts, the IRA is expected to more than triple America’s clean-energy production by 2030, resulting in about 40% of the nation’s energy coming from sources such as wind, solar and renewable natural gas (RNG). For this to happen, about 550 gigawatts of new energy supply from green sources will come online over the next seven years. Against the backdrop of this generational opportunity, EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF), a specialist in RNG, has positioned itself as an emerging leader in the booming renewables sector.

About EverGen Infrastructure Corp.

EverGen, Canada’s RNG infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer, which acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste to energy and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information, visit the company’s website at www.EverGenInfra.com.

NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF

About NetworkNewsWire

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NetworkNewsWire (NNW)
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Editor@NetworkNewsWire.com

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FAQ

What is the significance of the Inflation Reduction Act for EverGen Infrastructure Corp. (EVGIF)?

The Inflation Reduction Act allocates $369 billion to renewable energy, positioning EverGen to benefit from increased demand for its renewable natural gas solutions.

How much new energy supply is expected from green sources by 2030 that could affect EVGIF?

Over 550 gigawatts of new energy supply from green sources is projected to come online by 2030, creating opportunities for EverGen.

In which sector is EverGen Infrastructure Corp. (EVGIF) primarily involved?

EverGen is primarily involved in the renewable natural gas sector, focusing on developing and operating RNG and waste-to-energy projects.