U.S. Department of Energy Rolls Out Energy Improvement Grants for Public Schools

Rhea-AI Summary

SinglePoint, Inc. (OTCQB: SING) supports the U.S. Department of Energy's $500M Renew America's Schools grant program aimed at improving K-12 school facilities. The initiative encourages schools to convert to renewable energy, replace internal combustion engine buses with electric vehicles, and upgrade HVAC systems. The program allocates $80M for applicants, addressing the urgent need for modern infrastructure in public schools. CEO Wil Ralston highlighted the opportunity for solar energy in schools, where energy costs are substantial. SinglePoint is positioned to aid clients in accessing these funds for sustainable solutions.

Positive

• Support for the $500M Renew America's Schools grant program.
• Opportunity for SinglePoint to assist schools in accessing funds for renewable energy solutions.
• Potential for significant long-term contracts as schools modernize infrastructure.
• Growing demand for energy efficiency solutions in public schools.

Negative

• None.

SinglePoint Encouraged by Government Investments in Healthier Learning Environments 

PHOENIX, Dec. 6, 2022 /PRNewswire/ -- SinglePoint, Inc. (OTCQB: SING) ("SinglePoint' or "the Company'), a renewable solar energy and sustainable solutions provider, proudly supports the U.S. Department of Energy launching the first round of the Renew America's Schools grant program initiative. This historic investment in K-12 public schools will help impoverished and rural school districts across the nation make vital energy improvements to school facilities to achieve more significant cost savings and ultimately create healthier academic environments for all students.

The fully funded grant, boasting a general fund of about $500M, will enable schools to:

• Convert to renewable energy sources such as solar to lower costs  
• Replace internal combustion engine (ICE) buses with electric vehicles and, 
• Implement upgrades to HVAC systems and filtration to improve efficiency and indoor air quality (IAQ)

Wil Ralston, CEO of SinglePoint, commented, "Public schools have been historically underfunded. The investments made to improve our nation's schools over the past few years have been historic in terms of dollars available. We have positioned ourselves to help our school-based clients apply for and receive these funds and put them to use effectively and meaningfully. As we transition to the 'electrification of everything,' solar will continue and is the most important and cost-effective way to support the need for new electrical generation. Schools are a major opportunity for solar as energy is usually one of the highest expenses. They typically have a large footprint for solar installations to offset their energy costs. As electric vehicles become more prominent, charging at school will be necessary. Offering a full solution makes it easier for our clients to manage and coordinate projects of this scale."

The grant, currently offering up to $80M of the $500M of its program to applicants, extends needed financial resources to one of the largest spending sectors of America's public infrastructure, which continues to be plagued by old, inefficient, and harmful buildings. Nearly half of all schools in the U.S. reported the need to replace multiple building systems– within the past decade. The first-of-its-kind program, enabled by President Biden's Action Plan for Building Better School Infrastructure, provides suitable– funding for schools to pursue action plans around pertinent issues such as energy needs and indoor air quality (IAQ). By enacting this plan, the federal government has also ensured that school buildings can decrease carbon emissions through energy efficiency. SinglePoint, Inc. is encouraged by the Administration's extraordinary commitment to building better learning environments and addressing climate change for Americans through investments in renewable energy and sustainability.

The Renew America's Schools grant underscores the work of SinglePoint, Inc. and its subsidiaries, such as BPA Solutions, to execute business plans focused on healthier and more economical living for individuals and communities in the United States. Through the Company's subsidiaries, SinglePoint can continue to offer services that improve and provide consumer and commercial-interests resources to become increasingly energy efficient. The generous funding outlined in the grant aligns with the Company's goals. It will strengthen SinglePoint's acquisition-and-partnership strategy of vertically integrating the marketing and installation process for indoor air purification and solar energy. After the past year of continued opportunities and significant revenue growth, the Company is ready to meet the market demand boosted by the Biden Administration's green investments. SinglePoint can actively identify additional acquisition-and-partnership opportunities that develop and offer customers solutions to providing solar power, energy storage, and air purification to the nation.

About SinglePoint Inc. (OTCQB:SING)

SinglePoint is a sustainable lifestyle Company in the solar energy and air purification markets. The Company plans to build the largest renewable energy solutions network and modernize the traditional solar energy and energy storage business model. SinglePoint continues to execute its acquisition strategy by exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and healthier life. For more information, visit the Company's websites: www.singlepoint.com, www.bostonsolar.us, and www.boxpureair.com.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, besides statements of fact included in this release, including, without limitation, statements regarding revenue projections, financing opportunities, potential plans and objectives of the Company, anticipated growth, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Technical and other complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact:

Tra-Digital IR 
Investors@SinglePoint.com 
(212) 389 – 9782 ext. 107

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SOURCE SinglePoint Inc.

FAQ

What is the purpose of the Renew America's Schools grant program launched by the U.S. Department of Energy?

The Renew America's Schools grant program aims to improve K-12 public school facilities by providing funding for energy efficiency upgrades, such as converting to renewable energy sources and enhancing HVAC systems.

How much funding is available for the Renew America's Schools grant program?

The program offers a total of $500M, with up to $80M available for applicants.

What role is SinglePoint playing in the Renew America's Schools grant program?

SinglePoint is positioned to help schools apply for and effectively use the funds from the grant program for renewable energy and sustainability projects.

What are the expected benefits of the grant program for public schools?

The grant program aims to lower energy costs, improve indoor air quality, and support the transition to electric vehicles within school districts.

How does the grant program align with SinglePoint's business strategy?

The program aligns with SinglePoint's goals of providing sustainable energy solutions and supports their acquisition strategy in solar energy and air purification markets.