Renewable Energy and Power, Inc. provides Green Energy that is competitive with fossil fuels by employing proprietary new technologies with existing solar and wind power electric generation and LED lighting.
Average daily volume for (OTC Pink RBNW) is 58 million shares. Today’s press release has caused a spike to 275 million shares in the first hour of trading. With the high of $0.0004 per share. Still way off from the 52 week high of $0.35 per share.
Renewable Energy and Power, Inc. Press Release:
LAS VEGAS, NV. , June 06, 2018 (GLOBE NEWSWIRE) — Renewable Energy and Power (OTC:RBNW, or “REAP”), today announced that the company has bid to provide both lighting and power for a large licensed cannabis growing facility to be located in Monterey County, California.
The company’s divisions of LED Lites USA (www.ledlitesusa.com), Solar Hybrid Energy (www.sol-hy.com), Power Stac (www.powerstac.com and NetZeroFarms (www.netzerofarms.com), together offer a complete package for commercial growing enterprises.
LED Lites USA will install its state-of-the-art, computer-controlled high-power LED grow lights which offer full spectrum programmable wavelengths for healthier plants and increased harvest cycles.
Sol-Hy’s solar-powered thin-film panels generate and store energy using all light frequencies except those used by plants in photosynthesis. This produces full solar power while leaving the maximum possible flow of light used by the plants for growth.
Excess power provided by the solar panels will be stored to provide nighttime power through the use of the company’s Power Stac® vanadium redox large scale energy storage system which is superior to lithium-ion as the electrolyte isn’t consumed or degraded through repeated charge and discharge cycles, extending life and minimizing maintenance. And as it uses a single electrolyte, there is no danger of cross-contamination.
“The companies expertise in both lighting and power allows us to offer a complete package to commercial growing projects,” noted REAP CEO Donald MacIntyre. “The commercial cannabis market is increasing at such a rate that it will offer continuing opportunities. Another market we’re enthused about is urban farming located in discontinued facilities in urban areas. Our NetZeroFarms division offers rooftop greenhouses that we believe will be another expanding market for our lighting and power products.”
About Renewable Energy and Power
REAP seeks to make the Green Energy market cost competitive with fossil fuels through innovation in solar, wind-power and LED lighting. Federal and state legislation in the United States provide for tax incentives that drive businesses and consumers to replace older technologies with new solar and LED alternatives of the types offered by REAP. www.reappower.com
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Renewable Energy and Power