Bitech Technologies has signed a binding Letter of Agreement with Bridgelink Development toward a 5.8 GW pipeline of utility power, procurement of key resources and establishment of a joint venture with an undisclosed larger infrastructure group.
The initiatives between the companies are behind the advancing of BLD’s 3.8 GW of solar projects and 1.9 GW of BESS projects in the U.S.
The companies plan to continue development of the projects by utilizing a Share Subscription Agreement being finalized for up to $250M, committed Letter of Intent for a late-stage BESS projects near Houston for up to $100M and securing the sale of the Incentive Tax Credits.
“The successful pre-negotiated financing, procurement, and joint venture with a larger infrastructure group represent significant milestones for Bridgelink as we contribute to this business combination with Bitech to continue to drive innovation and sustainability in the energy sector,” says Cole W. Johnson, chairman and CEO of Bridgelink.
“These strategic initiatives position us for continued success as we work diligently to bring our solar and energy storage projects to fruition. We are excited about the opportunities with Bitech that lie ahead and remain dedicated to our mission of advancing clean, renewable energy solutions.”
The post Bitech Executes LOA to Develop BESS, Solar Utility Power for Bridgelink appeared first on Solar Industry.
Bitech Executes LOA to Develop BESS, Solar Utility Power for Bridgelink
Renewable Energy
Myth Busting in Renewable Energy
I met a guy earlier today who told me that wind and solar are controversial, and that some people say that the mining and manufacturing of wind turbines requires more fossil fuels that the turbines themselves produce.
I told him that I’m aware of such people; they’re called “professional liars.”
I explained the concept of EROI, energy return on investment, and surprised him by saying that the EROI of wind is somewhere between 18 and 30, meaning that each wind turbine you see as you drive along the freeway will generate at least 18 times as much energy as was required in its mining, fabrication, installation, maintenance, and decommissioning–all the way up to 30 times that amount.
The generation of disinformation of renewables has become a cottage industry. People are paid to make up and publish complete bullshit, so as to discredit the burgeoning clean energy industry, and keep Big Oil in place.
Renewable Energy
Thanking God for Trump
As bad as things are in the United States, they could always get worse.
Trump could succeed in his quest to be a dictator, Christianity could be taught in schools, and unvaccinated adults and their kids could trigger another epidemic.
In terms of our reputation on the world stage, however, things really can’t get must worse; the countries around the globe already regard us with a mixture of hate and derision.
Yet regardless of what the future holds, there will always be idiots who that believe that Trump is our savior, like the author of the meme above.
Renewable Energy
Eastman Disbarred
Good to see John Eastman disbarred in California; it’s a small measure of justice.
Criminal prosecution in the future?
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