Renewable Innovations (NBLD) Offers Mobile Power Generator (MPG) Systems and Will Use General Motors (GM) gen2 Hydrogen Fuel Cells

Rhea-AI Summary

Renewable Innovations (OTC: NBLD) has seen a substantial rise in purchase orders for hydrogen-powered products, emphasizing its partnership with General Motors to develop Mobile Power Generators. These generators integrate HYDROTEC Gen2 fuel cells, facilitating mobile EV charging without extensive grid expansions. The launch of the EMPOWER rapid charger aims to enhance fast charging at fuel stations, supporting the transition to renewable energy. The company is also expanding its outreach by hiring Chesapeake Group for better investor relations.

Positive

• Received significant purchase orders from Fortune 50 Companies for MPG and hydrogen-related projects.
• Collaboration with General Motors to utilize HYDROTEC fuel cells in Mobile Power Generators.
• Launch of the EMPOWER rapid charger to enhance EV charging capability without major infrastructure costs.
• Hiring Chesapeake Group for proactive investor relations and transparency.

Negative

• None.

- 2022 purchase orders for hydrogen powered products has increased significantly over 2021

Lindon, Utah, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Renewable Innovations (RI) (OTC: NBLD) has received purchase orders from Fortune 50 Companies for its MPG (Mobile Power Generator) and for other hydrogen-related projects. Hydrogen fuel cells could offer a fully renewable and clean power source for stationary and mobile applications in the near future.

General Motors will be supplying HYDROTEC Gen2 fuel cells and lithium-ion batteries to Renewable Innovations for installation in these first units. This product will be utilized for several demonstrations and commercial applications including programs with both the Michigan Economic Development Corporation (MEDC), the US Military and State Energy Commissions.

“GM is supplying HYDROTEC fuel cell power cubes to Renewable Innovations of Lindon, Utah to build the Mobile Power Generator. GM will combine its fuel cell hardware and software with Renewable Innovations’ power integration and management systems to create a generator that can provide fast-charging capability for EVs without having to expand the grid or install permanent charging assets in places where there's only a temporary need for power.”
Charlie Freese, GM Executive Director, Global HYDROTEC

RI is a visionary company providing total zero-carbon, green solutions. In addition to mobile EV charging, GM and Renewable Innovations have collaborated on the EMPOWER rapid charger. Intended to help retail fuel stations add more affordable DC fast charging capability, the EMPOWER rapid charger will help deploy necessary fast charging without significant investment in non-recoverable electrical infrastructure upgrades, like larger feed wires, transformers and potentially new substations. EMPOWER rapid chargers can be installed at existing fuel stations or along corridors frequented by travelers only part of the year, such as national parks or vacation destinations.

The EMPOWER system can also provide facility backup and primary power. RI is the industry leader in renewable solutions and the first company to offer solution such as the MPG and EMPOWER products to the market. “Our expectation is to deliver multiple green-power systems to the market using hydrogen fuel cells,” Said Robert Mount, CEO of Renewable Innovations.

As the company continues its rapid growth, the company has hired Chesapeake Group for corporate communication and broker relations. The Chesapeake Group, Inc. will create and execute a new proactive investor relations program for current and potential investors. Chesapeake will control aspects of investor outreach with an emphasis on investor education and corporate transparency. Headquartered in Maryland, Chesapeake is an award-winning full-service investor relations firm that has been assisting public companies since 1996.

Visit www.renewable-innovations.com for further information on products, partners, clients, and press releases

About Renewable Innovations Inc.
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.

Brokers and Analysts
Chesapeake Group
410-825-3930
info@chesapeakegp.com

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

FAQ

What are the recent developments regarding Renewable Innovations (NBLD) and hydrogen products?

Renewable Innovations has received increased purchase orders for hydrogen-powered products from Fortune 50 Companies, highlighting a growing market interest.

Who is collaborating with Renewable Innovations on mobile power generators?

General Motors is partnering with Renewable Innovations to supply HYDROTEC Gen2 fuel cells for their Mobile Power Generators.

What is the EMPOWER rapid charger by Renewable Innovations?

The EMPOWER rapid charger is a new solution developed in collaboration with GM, designed to provide fast EV charging capabilities at fuel stations with minimal infrastructure investment.

What steps is Renewable Innovations taking to improve investor relations?

Renewable Innovations has appointed Chesapeake Group to enhance its corporate communication and investor outreach programs.