PASADENA, CALIFORNIA - The Now Corporation (OTC:NWPN) has revealed that its subsidiary, Green Rain Solar Inc., is set to expand its operations into the Southwest, with a focus on Arizona and New Mexico. The company aims to develop solar-powered electric vehicle (EV) charging stations and invest in community solar projects.
Green Rain Solar has initiated the process by registering with the Secretaries of State in both target states. The subsidiary is also relocating its West Coast regional offices to New Mexico, leveraging the state's solar potential and favorable tax policies, which are conducive to reducing operational costs and fostering investment in solar initiatives.
Alfredo Papadakis, CEO of The Now Corporation, commented on the expansion, "New Mexico and Arizona represent a unique opportunity for us to expand our vision of urban solar energy and grid integration. Our goal is to partner with forward-thinking organizations and communities to establish clean, reliable energy solutions, including solar-integrated EV charging networks."
The company's strategy is to integrate solar energy into EV infrastructure and address the energy needs of high-cost urban areas in the region. This move is part of Green Rain Solar's broader mission to lead in the renewable energy sector by offering sustainable and scalable solutions for both urban and rural markets.
The Now Corporation, through Green Rain Solar, is dedicated to advancing clean energy solutions, focusing on urban rooftop solar installations and grid-connected power solutions in markets with high energy costs. The company combines solar and battery technologies to drive innovation and sustainability in the renewable energy sector.
The press release includes forward-looking statements, which involve certain risks and uncertainties that could cause actual results to differ materially from those projected. The Now Corporation cautions that the business plans outlined may face challenges such as technical issues, installation and permitting hurdles, among others.
This expansion initiative is based on a press release statement from The Now Corporation.
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