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- Access on: 2024-10-07 10:13:33 (New York)
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“As technology continues to advance and the demand for energy increases, the need for an efficient and reliable power grid has become urgent. Countries around the world, including America, are facing a critical challenge in balancing their power grids to meet the growing energy demands while also transitioning towards clean electricity.
The rapid modernization of various industries and the rise of artificial intelligence have further intensified this issue, as the reliance on electricity becomes more crucial than ever before. In light of this situation, there is a pressing need for exigent solutions that can effectively address the shortage of energy and support the evolving world of AI.
Countries worldwide are focusing on decarbonizing their economies and transitioning towards renewable energy sources. However, this transition requires significant updates and expansions to the existing power grids to accommodate increased transmission capabilities and incorporation of new technologies that Bitech Technologies are bringing forth.
The United States has set an ambitious goal to achieve 100% clean electricity by 2035. However, this requires a staggering 158% increase in interregional transmission capacity and an additional $330 billion investment in our national power system, according to projected scenario from the National Renewable Energy Laboratory (NREL). This may seem like a daunting task, but it is necessary if we want to create a sustainable future for ourselves and generations to come.
As America and the world work towards a greener future, updating and modernizing our power grids is imperative. To meet these challenges head-on, our vision is to modernize and keep the grids safe through various initiatives.
At Bitech Technologies, our mission is to balance the grid with almost 2GW of battery energy storage projects that can store excess supply and distribute it as needed while creating a core sustainable revenue model through the lifespan of the batteries. We ‘re constantly innovating and incorporating smart technologies that promote efficiency on the grid, empowering consumers to optimize their electricity usage during periods of low cost. Additionally, we ‘re transcending innovative microgrid solutions that can seamlessly connect with the national grid and operate independently, providing vital power supply to communities during times of emergency. Through our focus in sustainable battery energy storage business, fueled with smart power technologies and microgrids, we believe we can create a more sustainable and resilient energy infrastructure.
Our path towards success has not been immune to obstacles, yet each hurdle has only served to fortify us and elevate our organization's resilience. We are immensely grateful for the contributions of everyone who played a role in bringing us to remarkable achievements – from our devoted employees to our steadfast shareholders.
As we step into our new chapter of growth moving forward, let us remember that hard work truly pays off. We must continue pushing boundaries, evolving with the ever-changing market landscape while staying true to ourselves – driven, passionate, and determined.
Witness our transformation as the exciting journey of our corporate growth shall continue to reach greater heights and make a lasting impact in the world. Let us work together towards a brighter and cleaner future for all.”
Benjamin Tran
Chairman & CEO