Solar photovoltaic (PV) technology is expected to account for the largest annual capacity additions for renewables, well above wind and hydro, for the next five years. The solar PV market has cut costs dramatically in the past six years through economies of scale. As the market was flooded with equipment, prices plummeted, and the cost of solar panels dropped exponentially, leading to increased solar PV system installation. (Mordor Intelligence)
The following companies are in line to benefit from this push in solar energy.
Fernhill Corp (OTCMKTS:FERN) recently updated shareholders on recent accomplishments, as well as an updated roadmap for the remainder of 2022.
These accomplishments include:
- Attained Pink Current Status with OTC Markets
- Launched a new Corporate Website
- Announced Plans to be up-listed to a Senior Exchange
- Became a Member of Crypto Climate Accord (CCA)
- Acquired Crypto Mining OS Platform – PerfectMine
- Appointed Nathanel Coonrod as EVP of Engineering
- Relaunched PerfectMine
- Acquired Digital Asset Trading Platform – MainBloq
- Expanded Executive team and Board of Directors (Chris Kern & Peter Bordes)
- MainBloq completed its integration with FTX
- Engaged Maxim Group, a leading Investment Bank
- MainBloq signs with Global Hedge Fund – Corinthian Digital Asset Management
- MainBloq completes integration with CoinBase Prime
- Fernhill participates in M-Vest’s Blockchain Conference
- Announced development of a New NFT Marketplace
- Appointed Chris Dey to its Advisory Board
- MainBloq announced new technology to support Sub-Accounts for Exchanges
- Currently in advanced discussions with several institutions and Family Offices for growth capital
- Effective with the SEC for its Regulation A financing which allows Fernhill to raise up to $20M
- Engaged a PCAOB auditor to begin the process of becoming fully reporting with the SEC.
–Ascent Solar Technologies, Inc. (OTCMKTS: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, reported full-year financial results for the year ended December 31, 2021 in its 10-K filed on March 14, 2022.
ASTI’s FY 2021 10K highlights include:
–Revenue increase of 812%
–Improved cash balance from $0.17M to $6M
–Aligned with a leading German agrivoltaic thin-film solar tube maker to secure a strategic $2.5M capital infusion in January 2021, as well as a multi-million dollar long-term supply agreement in September 2021, this capital infusion, in particular, has turned this company’s narrative around.
–Completing delivery on a supply contract with a developer of advanced unmanned, helium-filled airships in May 2021;
–Regaining its status as a current public filer with the SEC in May 2021;
–Being recognized for exceptional device stability during space flight experiments while also receiving an Innovation Award at the Defense TechConnect Conference in October 2021
–Completing a strategic capital raise of $10M from the Company’s largest stakeholder between August and November 2021.
Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power, roofing systems installation and EV charging company, will be participating in two microcap conferences next month. Its presentation schedule is as follows:
Planet MicroCap Showcase 2022
Date: Wednesday, May 4th, 2022
Presentation Time: 8:30 PM ET
Location: Las Vegas, Nevada
LD Micro Invitational XII
Date: Tuesday & Wednesday, June 7-8th, 2022
Location: Los Angeles, California
SunHydrogen, Inc. (OTCMKTS:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, updated its shareholders. HYSR’s highlights include:
- Successful fabrication of semiconductor units at production-quality prototype scales
- Successful integration of membranes at production-quality prototype scales
- Successful integration of catalysts at production-quality prototype scales
- Successful testing and demonstration of production-quality prototype units
Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar power and battery storage solutions for residential, agriculture, commercial, industrial, and public works markets, announced that it has launched an integrated Environmental, Social and Governance (ESG) reporting program, consistent with the Company’s long-term commitment to value creation through sustainable business practices.
In conjunction with the launch of the program, Sunworks has developed a corporate responsibility committee, named the ESG Advisory Committee, tasked with the management of all ESG activities, which will report to a dedicated, Governance and Sustainability Board-level committee responsible for program oversight.
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