Green Rain Energy Holdings (OTC: $GREH) Taps Wallace Engineering For Development & Co-Ownership Of Selected EV Charging Projects
Rhea-AI Summary
Green Rain Energy Holdings (OTC: GREH) has announced a strategic joint venture with Wallace Engineering for the co-development and ownership of EV charging projects nationwide. Wallace Engineering, a Florida-based company with nationwide licensing and 20 years of experience, will serve as the primary planning and construction partner for GREH's projects.
The partnership will initially focus on projects in New Jersey, Florida, and New York, where clean tech demand is particularly strong. Wallace Engineering will handle on-site planning and installation, while detailed information about the joint venture will be published in GREH's upcoming quarterly newsletter.
Positive
- Strategic partnership with established 20-year veteran Wallace Engineering
- Nationwide project deployment capability through Wallace's licenses
- Initial focus on high-demand markets (New Jersey, Florida, and New York)
- Enhanced operational efficiency with dedicated planning and installation partner
Negative
- No financial terms or ownership structure disclosed for the joint venture
- Project timelines and specific deployment targets not specified
- Potential execution risks in multi-state expansion
News Market Reaction
On the day this news was published, GREH declined 9.70%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
BEVERLY HILLS, CA / ACCESS Newswire / September 22, 2025 / Green Rain Energy Holdings (OTCID:GREH) is pleased to announce a joint venture with Wallace Engineering for Co-Development and ownership of EV charging projects across the country. This new endeavor is to utilize Wallace Engineering's record as a premier planning and construction company. With their base of operations in Florida, Wallace Engineering is licensed nationwide for these exact projects.
"We are thrilled to combine our efforts with Wallace Engineering," said Alfredo Papadakis, CEO of Green Rain Energy. "Their proven track over the last 20 years puts Green Rain in the best possible position to succeed." Green Rain Energy Holdings recently announced advances on various projects in New Jersey, Florida, and New York, where utilization rates are higher due to surging demand for clean tech remedies. Wallace Engineering will be the "boots on the ground" for these sites and others going forward, providing consistency and transparency in their planning and installation.
Green Rain Energy will provide further details about this new joint venture with Wallace Engineering in its quarterly newsletter which will be published on their the Green Rain Energy official website.
About Green Rain Energy Holdings Inc. (OTC: GREH)
Green Rain Energy Holdings Inc. is a renewable energy company focused on developing and deploying sustainable power solutions across North America. Through its subsidiaries and partnerships, the company is working to revolutionize clean energy infrastructure, from solar generation to EV charging networks, with a mission to drive environmental responsibility and create lasting shareholder value.
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Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. This includes the possibility that the business outlined in this press release may not be concluded due to unforeseen technical, installation, permitting, or other challenges. Such forward-looking statements involve risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Green Rain Energy Holdings to differ materially from those expressed herein. Except as required under U.S. federal securities laws, Green Rain Energy Holdings undertakes no obligation to publicly update any forward-looking statements as a result of new information, future events, or otherwise.
For press inquiries, please contact:
Michael Cimino
Michael@pubcopr.com
SOURCE: Green Rain Energy Holdings Inc.
View the original press release on ACCESS Newswire
FAQ
What is the new partnership between Green Rain Energy Holdings (GREH) and Wallace Engineering?
Which states will GREH and Wallace Engineering initially target for EV charging projects?
What experience does Wallace Engineering bring to the GREH partnership?
How will Wallace Engineering contribute to GREH's EV charging projects?
When will more details about the GREH-Wallace Engineering joint venture be released?
