The Now Corporation’s (OTC: NWPN) Green Rain Solar Inc. Launches Joint Venture with Chronical Engineering for Solar and EV Charging Stations
The Now (NWPN) has announced a strategic joint venture between its subsidiary Green Rain Solar Inc. and Chronical Engineering to develop solar farms and EV charging stations in Orange County, California. The partnership aims to transform underutilized urban spaces, including former gas stations, into clean energy hubs.
The initiative combines Green Rain Solar's long-term land lease strategy with Chronical Engineering's expertise in renewable energy infrastructure. The joint venture will focus on constructing solar carports and EV charging stations in high-traffic locations. Energy generated will be sold to local utilities through community solar programs.
The company plans to begin construction on three initial sites in Orange County, with potential for market expansion based on performance and demand. Each site will undergo financial viability assessment to ensure sustained returns.
The Now (NWPN) ha annunciato una joint venture strategica tra la sua sussidiaria Green Rain Solar Inc. e Chronical Engineering per sviluppare fattorie solari e stazioni di ricarica per veicoli elettrici nella contea di Orange, California. L'obiettivo della partnership è trasformare spazi urbani poco utilizzati, comprese le ex stazioni di servizio, in centri di energia pulita.
L'iniziativa combina la strategia di affitto a lungo termine di terreni di Green Rain Solar con l'expertise di Chronical Engineering nell'infrastruttura energetica rinnovabile. La joint venture si concentrerà sulla costruzione di tettoie solari e stazioni di ricarica per veicoli elettrici in luoghi ad alto traffico. L'energia generata sarà venduta alle utility locali attraverso programmi di energia solare comunitaria.
La società prevede di avviare la costruzione su tre siti iniziali nella contea di Orange, con potenziale di espansione del mercato in base alle performance e alla domanda. Ogni sito sarà sottoposto a una valutazione della fattibilità finanziaria per garantire ritorni sostenuti.
The Now (NWPN) ha anunciado una alianza estratégica entre su filial Green Rain Solar Inc. y Chronical Engineering para desarrollar granjas solares y estaciones de carga de vehículos eléctricos en el Condado de Orange, California. La asociación tiene como objetivo transformar espacios urbanos subutilizados, incluidas las antiguas estaciones de servicio, en centros de energía limpia.
La iniciativa combina la estrategia de arrendamiento a largo plazo de terrenos de Green Rain Solar con la experiencia de Chronical Engineering en infraestructura de energía renovable. La joint venture se centrará en la construcción de techos solares y estaciones de carga de vehículos eléctricos en ubicaciones de alto tráfico. La energía generada se venderá a las utilidades locales a través de programas de energía solar comunitaria.
La empresa planea comenzar la construcción en tres sitios iniciales en el Condado de Orange, con potencial de expansión del mercado según el rendimiento y la demanda. Cada sitio será sometido a una evaluación de viabilidad financiera para asegurar retornos sostenidos.
The Now (NWPN)은 그 자회사 Green Rain Solar Inc.와 Chronical Engineering 간의 전략적 합작 투자 발표하여 캘리포니아 오렌지 카운티에 태양광 발전소와 전기차 충전소를 개발할 예정이다. 이 파트너십은 이전의 주유소를 포함한 활용도가 낮은 도시 공간을 청정 에너지 허브로 전환하는 것을 목표로 하고 있다.
이 이니셔티브는 Green Rain Solar의 장기 토지 임대 전략과 Chronical Engineering의 재생 가능 에너지 인프라 전문성을 결합한다. 합작 투자는 고교통량 지역에 태양광 차고와 전기차 충전소를 건설하는 데 초점을 맞출 것이다. 생성된 에너지는 지역 유틸리티에 커뮤니티 태양광 프로그램을 통해 판매된다.
회사는 오렌지 카운티 내 세 개의 초기 사이트에서 건설을 시작할 계획이며, 성과와 수요에 따라 시장 확장의 가능성이 있다. 각 사이트는 지속 가능한 수익을 보장하기 위해 재무 타당성 평가를 받을 것이다.
The Now (NWPN) a annoncé un partenariat stratégique entre sa filiale Green Rain Solar Inc. et Chronical Engineering pour développer des centrales solaires et des stations de recharge pour véhicules électriques dans le comté d'Orange, en Californie. L'objectif du partenariat est de transformer des espaces urbains sous-utilisés, y compris d'anciennes stations-service, en centres d'énergie propre.
L'initiative combine la stratégie de location de terrains à long terme de Green Rain Solar avec l'expertise de Chronical Engineering en matière d'infrastructure énergétique renouvelable. La joint venture se concentrera sur la construction de parkings solaires et de stations de recharge pour véhicules électriques dans des lieux à fort trafic. L'énergie générée sera vendue aux services publics locaux via des programmes solaires communautaires.
L'entreprise prévoit de commencer la construction sur trois sites initiaux dans le comté d'Orange, avec un potentiel d'expansion du marché en fonction des performances et de la demande. Chaque site subira une évaluation de viabilité financière pour garantir des retours durables.
The Now (NWPN) hat ein strategisches Joint Venture zwischen seiner Tochtergesellschaft Green Rain Solar Inc. und Chronical Engineering bekannt gegeben, um Solarparks und Ladestationen für Elektrofahrzeuge im Orange County, Kalifornien, zu entwickeln. Die Partnerschaft zielt darauf ab, untergenutzte städtische Räume, einschließlich ehemaliger Tankstellen, in saubere Energiezentren umzuwandeln.
Die Initiative kombiniert die langfristige Grundstücksleasingstrategie von Green Rain Solar mit der Expertise von Chronical Engineering im Bereich der erneuerbaren Energieinfrastruktur. Das Joint Venture wird sich auf den Bau von Solar-Carports und Ladestationen für Elektrofahrzeuge an stark frequentierten Standorten konzentrieren. Die erzeugte Energie wird über Gemeinschaftssolarprogramme an lokale Versorgungsunternehmen verkauft.
Das Unternehmen plant den Baubeginn an drei initialen Standorten im Orange County, mit Potenzial für Markterweiterung basierend auf Leistung und Nachfrage. Jeder Standort wird einer finanziellen Machbarkeitsprüfung unterzogen, um nachhaltige Renditen zu gewährleisten.
- Strategic expansion into high-traffic locations in Orange County
- Revenue generation through energy sales to local utilities
- Potential for market expansion based on performance
- Initial to only three sites
- Significant capital investment required for infrastructure development
- Dependent on long-term land lease agreements
PASADENA, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- The Now Corporation (OTC: NWPN), through its subsidiary Green Rain Solar Inc., a solar energy utility company specializing in urban solar energy and grid integration, is pleased to announce a new joint venture with Chronical Engineering, a California based firm with extensive experience in solar infrastructure and EV charging technology.
The joint venture will focus on the construction and leasing of multiple solar farms and EV charging stations, with an initial rollout in high-traffic locations across Orange County, California. This initiative represents a significant step in Green Rain Solar’s long-term strategy to modernize underutilized urban spaces, including former gas station sites, transforming them into hubs for clean energy production and EV charging.
The partnership will leverage Chronical Engineering’s proven expertise in renewable energy infrastructure to design, build, and implement solar carports and EV charging stations. Green Rain Solar will secure long-term land leases for these installations, with each site undergoing a rigorous financial viability assessment to ensure strong, sustained returns. The energy generated will be sold directly to local utilities through community solar programs, contributing to a cleaner, more resilient grid.
“This joint venture marks a pivotal step in our growth and reinforces our commitment to sustainable urban energy solutions,” said Alfredo Papadakis, CEO of The Now Corporation. “Chronical Engineering’s track record in solar and EV infrastructure makes them an ideal partner as we continue to execute our vision of transforming urban landscapes into renewable energy assets.”
The company plans to begin construction on three initial sites in Orange County, with potential expansion into additional markets based on performance and demand.
Sustainable Urban Energy Solutions
Green Rain Solar Inc. remains focused on delivering innovative, high-yield solar solutions that reduce carbon footprints and provide long-term value for shareholders.
About The Now Corporation:
The Now Corporation (OTC: NWPN) is committed to advancing clean energy solutions through its subsidiary, Green Rain Solar Inc. Green Rain Solar focuses on urban rooftop solar installations and grid-connected power solutions, targeting markets with high energy costs. By combining state-of-the-art solar and battery technologies, The Now Corporation is dedicated to driving innovation and sustainability in the renewable energy sector.
About Green Rain Solar Inc.:
Green Rain Solar Inc., a subsidiary of The Now Corporation (OTC: NWPN), is a solar energy utility company specializing in urban solar energy and grid integration. The company develops innovative rooftop solar projects to transform sunlight into grid-connected power, promoting sustainable energy solutions for high-cost urban areas.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. This includes the possibility that the business outlined in this press release may not be concluded due to unforeseen technical, installation, permitting, or other challenges. Such forward-looking statements involve risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of The Now Corporation to differ materially from those expressed herein. Except as required under U.S. federal securities laws, The Now Corporation undertakes no obligation to publicly update any forward-looking statements as a result of new information, future events, or otherwise.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3482bd03-8970-4080-bab2-6929dc4a2fed
FAQ
What is the scope of NWPN's new joint venture with Chronical Engineering?
How will NWPN generate revenue from the solar and EV charging stations?
What is NWPN's strategy for site selection in the joint venture?
When will NWPN begin construction on the initial Orange County sites?
