The Now Corporation (OTC:NWPN), Utilizing Its Subsidiary Green Rain Solar Inc., Advances EV Infrastructure in Rochester, NY

Rhea-AI Summary

The Now (OTC:NWPN) through its subsidiary Green Rain Solar Inc. has completed a utility feasibility study for an EV charging infrastructure project at 1600 West Ridge Road in Rochester, New York. The project, leveraging the Rochester Gas and Electric (RG&E) Make-Ready Program, will install Level 3 fast chargers at the site.

The initiative aligns with the Inflation Reduction Act, which offers substantial tax credits for clean energy projects in underserved areas. The RG&E Make-Ready Program helps offset electrical infrastructure costs, making the project more financially viable. The company aims to use this Rochester location as a model for future nationwide expansion of clean transportation and sustainable energy solutions in disadvantaged communities.

Positive

• Secured utility feasibility study approval for EV charging project
• Access to RG&E Make-Ready Program funding to offset infrastructure costs
• Eligibility for Inflation Reduction Act tax credits

Negative

• Project still in early planning phase with no installation timeline provided
• No financial details or revenue projections disclosed

PASADENA, CA / ACCESS Newswire / January 28, 2025 / The Now Corporation, through its renewable energy subsidiary Green Rain Solar Inc., is making significant progress in enhancing electric vehicle (EV) infrastructure in disadvantaged communities across the United States. The company is pleased to announce that it has completed a utility feasibility study for its flagship project at 1600 West Ridge Road in Rochester, New York, clearing the way to move forward with installation plans.

This project aligns with the Inflation Reduction Act, which prioritizes investments in underserved areas by offering substantial tax credits for clean energy initiatives. Leveraging the Rochester Gas and Electric (RG&E) Make-Ready Program, Green Rain Solar Inc. will install Level 3 fast chargers at the site. This program significantly offsets the cost of electrical infrastructure, making EV charging projects more accessible and financially sustainable.

As part of The Now Corporation's broader mission, this initiative aims to reduce greenhouse gas emissions, improve air quality, and address health issues such as asthma that disproportionately affect disadvantaged communities. The 1600 West Ridge Road project will serve as a model for future efforts to expand clean transportation options and sustainable energy solutions nationwide.

The Now Corporation and Green Rain Solar Inc. remain committed to utilizing state and federal incentives to create impactful, community-focused EV infrastructure. This Rochester project represents an important step in advancing cleaner transportation, promoting public health, and supporting a sustainable future.

About The Now Corporation
The Now Corporation (OTC PINK:NWPN) is committed to advancing clean energy solutions through its subsidiary, Green Rain Solar Inc. Green Rain Solar focuses on urban rooftop solar installations and grid-connected power solutions, targeting markets with high energy costs. By combining state-of-the-art solar and battery technologies, The Now Corporation is dedicated to driving innovation and sustainability in the renewable energy sector.

About Green Rain Solar Inc.
Green Rain Solar Inc., a subsidiary of The Now Corporation (OTC PINK:NWPN), is a solar energy utility company specializing in urban solar energy and grid integration. The company develops innovative rooftop solar projects to transform sunlight into grid-connected power, promoting sustainable energy solutions for high-cost urban areas.

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 The Now Corporation to differ materially from those expressed herein. Except as required under U.S. federal securities laws, The Now Corporation 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: The Now Corp.

View the original press release on ACCESS Newswire

FAQ

What is the status of NWPN's EV charging project in Rochester, NY?

NWPN has completed a utility feasibility study for its EV charging project at 1600 West Ridge Road in Rochester, NY, and is moving forward with installation plans for Level 3 fast chargers.

How is NWPN funding the Rochester EV charging infrastructure?

NWPN is utilizing the Rochester Gas and Electric (RG&E) Make-Ready Program to offset electrical infrastructure costs and will benefit from Inflation Reduction Act tax credits.

Where is NWPN's first EV charging station located?

NWPN's flagship EV charging project is located at 1600 West Ridge Road in Rochester, New York.

What type of EV chargers will NWPN install in Rochester?

NWPN will install Level 3 fast chargers at the Rochester location through its subsidiary Green Rain Solar Inc.