English
Back
Download
Log in to access Online Inquiry
Back to the Top

NEWS

SolarMax Technology Signs MOU for Cryptocurrency Solar Projects in the U.S.
Tuesday, 10th December at 8:00 am
RIVERSIDE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, has entered into a Memorandum of Understanding (MOU) with SOS Limited (NYSE: SOS), whose business activities include cryptocurrency mining, to develop large-scale solar power and battery storage facilities in Nevada, Texas and Florida to provide power for SOS' blockchain and cryptocurrency operations.
The MOU contemplates the development of six separate facilities, each with a capacity of approximately 50 megawatts, for a combined total of approximately 300 megawatts. Under the proposed agreements, SolarMax would provide end-to-end engineering, procurement, and construction (EPC) services for these installations, including obtaining necessary permits and facilitating utility connections. The MOU does not provide any terms for the agreements between SolarMax and SOS, all of which are subject to negotiation.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
Translate
Report
8311 Views
Comment
Sign in to post a comment
    Spread kindness and love. Life is short. Don’t let greed eat you.
    8799
    Followers
    53
    Following
    103K
    Visitors
    Follow
    Reassessing Chinese Assets
    Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.