Stephen Sidwell
Nexii Building Solutions Inc. has entered a non-binding letter of intent (LOI) to buy Solar Earth Technologies Ltd., a producer of hardened solar power panels that rework sidewalks, parking heaps and different components of on a regular basis infrastructure into a brand new supply of solar energy.
Nexii believes that the proposed acquisition of Solar Earth by Nexii, if accomplished, would speed up the mixing of solar know-how in Nexii’s low-carbon buildings and merchandise, supporting Nexii’s 2025 goal of internet zero operational carbon buildings.
Solar Earth has greater than a dozen reside tasks globally, with installations at Thompson Rivers University in Kamloops, Stellenbosch University in South Africa, Daxing Green Village in Beijing, China, and the City of Tampa in Florida producing clear electrical energy from Solar Earth’s power-generating sidewalks. The firm has greater than 50 tasks in improvement and is seeing elevated market demand to rework present infrastructure right into a clean-energy supply.
“With our shared vision to create a net zero future and by combining our technologies, we believe we have the opportunity to make net positive energy buildings a reality,” says Stephen Sidwell, CEO and co-founder of Nexii. “We look forward to working with Solar Earth to rapidly scale, and meet the market demand for smart pavement technology.”
“Delivering renewable energy infrastructure solutions to a global market is what we strive for, and we could not think of a better partner than Nexii,” states Douglas Matthews, CEO and director of Solar Earth. “Our mission is to help create a net zero future for our cities and communities, and fight climate change by transforming everyday infrastructure into a source of solar energy to replace fossil fuels.”
