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United States Basketball League Inc (SPEV) provides investors and sports enthusiasts with timely updates through this centralized news hub. Track official press releases, financial developments, and operational milestones from this national basketball league organization.
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Shorepower Technologies Inc. (OTC: SPEV) has won a Phase 1 contract in the U.S. Department of Energy's Hero Re-X Before Recycling Prize challenge. This qualifies the company to participate in Phases 2 and 3, potentially worth up to $650,000. The project focuses on developing a DC fast charger with mobile battery energy storage using repurposed EV batteries, dubbed DCFC-BEST. This innovative approach aims to provide more affordable and equitable access to EV charging across the US, particularly in disadvantaged communities.
The technology could redefine DCFC installation costs and logistics by minimizing grid impacts, streamlining utility permitting, and simplifying deployment. Shorepower's CEO, Jeff Kim, highlights the potential for off-grid applications and solar integration. The company has nearly $1.2 million in outstanding grant proposals across various product lines and geographies.
Shorepower Technologies Inc. (OTC: SPEV) has agreed to acquire three Truck Stop Electrification Locations from IdleAir, adding nearly 100 connection points in Texas. This acquisition is immediately accretive and complements Shorepower's geographical footprint. CEO Jeff Kim sees this as potentially the first of many acquisitions between the two companies, aiming to strengthen Shorepower's position as the largest provider of commercial electrification services nationwide.
The acquisition marks Shorepower's first and brings its network to nearly 1900 connection points. Over the past 60 days, Shorepower has announced grant awards and projects valued at over $1,000,000. The company plans to continue growing both organically and through acquisitions, focusing on building out its Interstate strategy and developing relationships with travel centers and rest stop operators.
Shorepower Technologies (SPEV) has won over $1 million in state grants from Washington, New Hampshire, and California. The company aims to expand its network of over 1800 connection points. CEO Jeff Kim highlighted the significance of these wins and future growth potential. Shorepower is also formalizing its Board of Directors with experienced candidates in transportation electrification. The company plans to enhance its charging network, considering asset acquisitions to achieve critical scale. Shorepower continues to develop partnerships with travel centers and rest stop operators to provide essential charging infrastructure.
Shorepower Technologies, Inc. (SPEV) has won two state grants in Washington, totaling over $380,000, for the installation of Level 2 charging stations at two sites. The company's grant writing capabilities have been successful in securing awards in multiple states, reinforcing the value of its network. Shorepower's expansion efforts are important in light of Tesla scaling back on charging station deployment, highlighting the importance of building out the electric vehicle infrastructure.
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