Renewable Innovations and Nestbuilder (OTC:NBLD) Merge with Goals to Accelerate Clean Energy Adoption

Rhea-AI Summary

Renewable Innovations, Inc. has announced its merger with Nestbuilder.com Corp. (OTC:NBLD), retaining 93% ownership for Renewable Innovations shareholders. The company, now focused on hydrogen-powered systems, aims to provide grid-independent clean energy solutions and plans to expand into retail power distribution across the U.S.

With their rapid EV charging technology, Renewable Innovations targets projects for both government and private sectors. The firm intends to file for NASDAQ listing soon, maintaining its current OTCQB trading symbol until name and symbol changes are approved.

Positive

• Renewable Innovations retains 93% ownership post-merger.
• Focus on rapidly expanding hydrogen fuel cell technology for clean energy.
• Plans to expand into retail power distribution along U.S. highways.
• Production on government and private projects is ongoing.
• Rapid EV charging technology significantly reduces charging time.

Negative

• None.

Renewable Innovations, Inc. brings industry leading, grid independent tech to market

New York, NY, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Renewable Innovations, Inc. (RI), a leader in clean, hydrogen fuel cell energy systems, today announces its merger with Nestbuilder.com Corp. (OTC:NBLD). With a focus on commercial applications for hydrogen-powered systems, RI designs and manufactures primary and backup power generation systems for rapid EV charging, office parks, data centers and retail facilities as well as infrastructure solutions and systems.

Renewable Innovations shareholders will retain ninety-three percent (93%) of the publicly traded entity, which has been renamed Renewable Innovations, Inc. The Company intends to leverage its breakthrough hydrogen fuel cell technology, bringing grid independent, clean, renewable solutions for power generation and sustainability to the market. Plans include expansion into retail power distribution, especially along the US highway system through organic growth and acquisitions. Currently, the company is in production on orders for government and private company projects. Renewable Innovation’s integration technology allows for rapid charging of a vehicle in under 20 minutes, offering a significant time savings over current EV charging portals. Since the hydrogen-fueled systems require no grid infrastructure, they can be provisioned anywhere that rapid, carbon-free power is needed.

“With the global focus and increased investments on sustainable and clean energy solutions, this is the perfect time to bring our proprietary technology to the public markets,” noted industry veteran Robert Mount, CEO of Renewable Innovations. Alex Aliksanyan, CEO of Nestbuilder added “We are excited to be partnering with Renewable Innovations, a first in class, hydrogen based, electric power product manufacturer. We see a limitless future for the company.”

Renewable Innovations, Inc. will continue to trade on the OTCQB marketplace maintained by OTC Markets Group, Inc. under the symbol “NBLD” until such time as FINRA approves the name and symbol change. The Company intends to file for a listing on NASDAQ as soon as it is eligible.

About Renewable Innovations

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. Learn more at Renewable-Innovations.com.

Contact information:

Lynn Barney
Chief Financial Officer
investor@renewable-innovations.com

FAQ

What is the significance of Renewable Innovations merging with Nestbuilder.com Corp. (NBLD)?

The merger enhances Renewable Innovations' market presence and allows shareholders to retain a majority stake while focusing on hydrogen energy solutions.

How will the merger impact Renewable Innovations' business strategy?

The merger is expected to facilitate expansion into retail power distribution and enhance their clean energy offerings.

What are Renewable Innovations' future plans regarding its NASDAQ listing?

Renewable Innovations intends to file for a NASDAQ listing as soon as it is eligible, while currently trading on the OTCQB market.

What are the advantages of Renewable Innovations' hydrogen fuel cell technology?

The technology allows for grid-independent energy generation, rapid EV charging, and supports sustainable energy solutions.