TPII to Provide Renewable Energy Enabling Energy Storage Solution for Crypto Mining
Triad Pro Innovators, Inc. (OTCPK:TPII) announced the development of an energy storage solution utilizing its Triad eCell technology. This initiative aims to store excess renewable energy, particularly for the growing crypto mining sector in the U.S., which is facing rising energy costs during peak hours. The system is designed to mitigate energy costs for mining operations while enhancing overall profitability and reducing carbon footprints. Industry insights suggest that energy storage is crucial for maximizing renewable energy utilization, and TPII's innovation addresses a significant sector demand.
- Development of an energy storage solution targeting the growing crypto mining sector.
- Potential to reduce energy costs and carbon footprints for mining operations.
- Alignment with increasing demand for renewable energy solutions.
- None.
LAS VEGAS, NV / ACCESSWIRE / October 6, 2021 / Triad Pro Innovators, Inc. (OTCPK:TPII), a leading developer of proprietary devices for the storage of electricity utilizing the patent pending Triad Pro eCell, is pleased to announce it is currently developing an energy storage solution, based on the Triad eCell, to store excess energy from renewables and other sources. Given the energy demand of crypto mining and the recent shutdowns in China, the US is seeing an increase in mining operations and rising energy costs during peak demand hours. TPII's solution aims to store energy during high renewable energy production hours and other periods of excess production, lowering the energy cost for crypto mining, reducing overall carbon footprint, and increasing profitability.
"Through mutual business relationships we have been approached by large bitcoin mining operations, moving to the US, about developing a solution to take advantage of lower energy prices. Due to the variability of renewable energy production and the financial risk of having to shutdown mining operations during peak demand, our eCell energy storage system provides a cost effective and highly reliable method to help with the increased demand from crypto mining," Murray Goldenberg, CEO of Triad Pro Innovators. "We believe our system will enable renewables to meet a higher percentage of grid demand."
Source: ARK Investment Management LLC, 2021
Per ARK Investment Management, energy storage capacity is the key to an increased utilization of renewable energy. Pairing renewable energy sources, such as solar or wind, with the proposed Triad eCell based energy storage system will allow for a significant increase in the adoption of renewables. Per Brett Winton, Director of Research at ARKInvest, renewables are currently "overbuilt" to produce a more constant source of supply, but derated to a lower energy production when the energy is not required. By adding local and decentralized energy storage at each crypto mining location, this excess energy production can be stored and used when energy demands are high instead of heavy carbon emitting power plants. (SOURCE: https://wintonark.medium.com/bitcoin-mining-impact-on-renewable-uptake-fc91c5aa9be0)
About Triad Pro Innovators, Inc. (OTC PINK:TPII):
Triad Pro Innovators, Inc. has developed a proprietary device to be utilized in a variety of circumstances to store electricity .The newly developed Triad Pro power supply provides our storage system with tremendous operational flexibility. Using our propriety hardware and software solution, our eCell can be configured to store energy at a rate limited only by the network providing it, and then release that energy in a regulated way based upon the application, which allows for flexibility unknown in current chemical battery-based storage systems. Triad Pro creates and designs renewable energy solutions including Co-Generation and the Rapid-K Power Cells that can be used stand alone or modular as energy demands increase.
FORWARD-LOOKING STATEMENTS
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe," "estimate," "predict," "potential," "pursuant," "target," "continue," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding TPII's plans, objectives, future opportunities for TPII's services and products, future financial performance and operating results and any other statements regarding TPII's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties, and assumptions, many of which are beyond TPII's control, and which could cause actual results to differ materially from the results expressed or implied by the statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, and include, without limitation, results of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; ability to hire and retain personnel; loss of, or reduction in business with, key customers; difficulty with growth and integration of acquisitions; product liability; cybersecurity risk; anti-takeover measures in our charter documents; and, the uncertainties created by the ongoing outbreak of a respiratory illness caused by the 2019 novel coronavirus that was recently named by the World Health Organization as COVID-19. These and other important risk factors are described more fully in our reports and other documents filed with OTC Markets Group in satisfaction of the company's obligations as an alternative reporting company. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
Investor Relations Contact:
info@triadpro.com
714.790.3662
SOURCE: Triad Pro Innovators, Inc.
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