EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) is a Canadian-based energy solutions company, focused on the development and production of solar and wind power products. Shares jumped 62.50% on Thursday, January 24, 2019. Over the past three months, EnerDynamic has seen an average daily volume of 806,776 shares. However, on Thursday, 14,373,256 shares traded hands, equating to C$934,200 in dollar volume.
Shares surged on Thursday after EnerDynamic announced it has entered into an agreement to supply up to 100,000 rooftop solar systems to the Government of Ghana. This agreement is “part of the Government of Ghana’s Building of Social Green Housing initiative that is at the forefront of the Government’s Solar program in conjunction with the United Nations.” The United Nations OPS program will last for five years after officially beginning in the second quarter of 2019. EnerDynamic will offer two different solar systems, the 3Kw and 5Kw systems, with each system to be sold at a price of USD$6,000 and USD$10,000 respectively. John Gamble, CEO of EnerDynamic, commented, “We have been working with the Ghanian Ministry of Works and Housing on this project for a number of months and we are very excited to get this project moving and helping the people of Ghana.” Here is the full press release detailing the agreement between Ghana and EnerDynamic:
EnerDynamic Hybrid Technologies Corp. Press Release:
Niagara Falls, Ontario–(Newsfile Corp. – January 24, 2019) – EnerDynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT”) is pleased to announce it has signed an agreement with the Government of Ghana and its Ministry of Works and Housing to supply up to 100,000 rooftop solar systems under the United Nations OPS program.
This order is part of the Government of Ghana’s Building of Social Green Housing initiative that is at the forefront of the Government’s Solar program in conjunction with the United Nations. This is a priority infrastructure project for the Ghanian Government.
The UN program will start in the 2nd quarter of this year and will continue over the next 5 years. EHT will supply 3Kw to 5Kw solar systems to the project depending on the homes requirements. The 3kw system including panels, inverter and 2 batteries will cost approximately $6000 US with the 5Kw system including panels, inverters and 4 batteries will cost approximately $10,000 US.
John Gamble, CEO of EHT, commented that “We have been working with the Ghanian Ministry of Works and Housing on this project for a number of months and we are very excited to get this project moving and helping the people of Ghana.”
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. EHT’s expertise includes the development of its ENERTEC module structures with full integration of smart energy solutions. Using a proprietary skin and foam core that is stronger than traditional wood or steel structural insulated panels, EHT provides exceptional thermal energy efficiency in modular homes, cold storage facilities, residential/commercial out buildings and emergency/temporary shelters. EHT works with its partners worldwide to erect the buildings on-site utilizing EHT staff and local crews. In addition to traditional support to established electrical networks, ENERTEC buildings excel where no electrical grid exists.
About ENERTEC
The EHT advanced ENERTEC Modular Wall and Roof System uses a proprietary skin and foam core that is stronger and more energy efficient than traditional wood or steel structures providing the highest ratings for energy efficiency. EHT works with its partners worldwide to erect the buildings on-site utilizing EHT staff and local crews. After installation, each structure can be furnished and finished to meet the customer’s requirements including siding, tile, kitchens and bathrooms or segregated commercial rooms. The finished wall product can be shipped on pallets and delivered via rail, truck or water in standard formats.
At the core of the ENERTEC product line is the ENERTEC Embedded Solar Roof Module. Solar cells can be embedded in a proprietary fire proof skin resulting in substantial cost savings by eliminating heavy glass panels and aluminum racking required for traditional solar panels. Two barriers to greater adoption of solar energy are weight limitations of the roof on which solar panels could be deployed and onerous shipping and labour costs. A lighter product at a better price point will open a larger market for solar due to the faster return of capital investment especially for rural and remote users looking to go off-grid. Furthermore, the entire EHT embedded solar roof becomes a massive solar panel capable of producing significantly more energy than the home requires, allowing the structure to then become an important source of power for the local micro grid or large battery storage systems.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements herein that are not historical facts are forward‐looking statements. Forward-looking information relating to sales of the products (the “Opportunities”) involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, for the Opportunities to differ materially from those expressed or implied by such forward-looking information. Although EHT believes that the assumptions used in preparing the forward-looking information on the Opportunities outlined in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether a result of new information, future events or otherwise, other than as required by applicable securities laws.
Article By: Andrew Rego
