CarbonMeta Technologies Wins $6 Million Solar Power Contract

Strategic Insights -

CarbonMeta Technologies Inc. (OTC PINK:COWI) has won a $6 million contract to deliver solar panels and EarthCrete pavers for a 14 megawatt solar power project in Silt, Colorado. The company has established a 51% owned joint venture subsidiary, CarbonMeta Green Building Materials, with Salvum Corporation to supply over 24,000 solar panels and 40,000 EarthCrete pavers for the project.

The Silt Energy Development solar power project is expected to generate 14,000 kWh of clean energy annually, enough to cover the electricity usage of over 10,000 homes. The project will include a commercial solar installation agreement, a smart battery storage system, and a low-fixed rate for electricity. Construction is anticipated to begin in May 2023, with the project becoming operational in the 4th quarter of 2023.

Key Takeaways:

  • CarbonMeta Technologies has won a $6 million contract to deliver solar panels and EarthCrete pavers for a 14 megawatt solar power project in Silt, Colorado.
  • The company has established a 51% owned joint venture subsidiary, CarbonMeta Green Building Materials, with Salvum Corporation to supply over 24,000 solar panels and 40,000 EarthCrete pavers for the project.
  • The Silt Energy Development solar power project is expected to generate 14,000 kWh of clean energy annually, enough to cover the electricity usage of over 10,000 homes.
  • The project will include a commercial solar installation agreement, a smart battery storage system, and a low-fixed rate for electricity.
  • Construction is anticipated to begin in May 2023, with the project becoming operational in the 4th quarter of 2023.
  • The joint venture subsidiary, CarbonMeta Green Building Materials, is a 51% owned parent company of CarbonMeta Technologies.
  • Salvum Corporation is the 51% owner of CarbonMeta Green Building Materials.

Statistics:

  • The solar power project is valued at $6 million.
  • The project will generate 14,000 kWh of clean energy annually.
  • The project will cover the electricity usage of over 10,000 homes.
  • Over 24,000 solar panels and 40,000 EarthCrete pavers will be supplied for the project.
  • The project is expected to become operational in the 4th quarter of 2023.

Sources:

  • [Source 1] - CarbonMeta Technologies Inc. (OTC PINK:COWI) press release dated March 1, 2023.
  • [Source 2] - CarbonMeta Technologies Inc. (OTC PINK:COWI) website.
  • [Source 3] - Silt Energy Development LLC website.
  • [Source 4] - Salvum Corporation website.
  • [Source 5] - Accesswire.com - CarbonMeta Technologies (OTC PINK:COWI) subsidiary wins $6M solar power project.