Crypto
Energy Plug Technologies Introduces Energy Tokenization with Cryptocurrency-Integrated Energy-as-a-Service (EaaS)
Vancouver, British Columbia–(Newsfile Corp. – November 26, 2024) – Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) (“Energy Plug” or the “Company”) is pleased to announce its Energy-as-a-Service (EaaS) model, an integrated advanced battery storage system, blockchain technology, and cryptocurrency ecosystem. This transformative approach delivers energy reliability, cost efficiency, and financial optimization, marking the Company’s new development in decentralized energy solutions.
Energy Plug’s EaaS model combines energy savings, blackout/brownout protection, and a cryptocurrency-driven treasury system to create a seamless, scalable, and transparent energy platform. This innovation can help customers to benefit from a reliable power supply while unlocking new monetization opportunities for commercial, industrial and residential customers through blockchain-enabled efficiency.
Energy Plug’s ground-mounted battery systems are designed to store surplus energy from renewable and non-renewable sources, enabling its use during peak demand periods and can reduce reliance on traditional power grids and lowers energy costs for users. Complementing this is the Company’s Energy Management System (EMS), which can balance supply and demand in real-time, optimizing energy distribution and enhancing overall efficiency. Additionally, Energy Plug’s battery systems can provide critical outage resilience ensuring uninterrupted power for commercial and industrial clients during blackouts and brownouts, thereby minimizing costly operational disruptions.
The EaaS model offers subscription-based pricing, making energy solutions affordable by reducing upfront capital costs. Backed by Service Level Agreements (SLAs) with performance metrics, customers gain a consistent, high-quality energy service tailored to their needs.
Energy Plug’s integration of cryptocurrency is poised to redefine energy finance by introducing efficiency, flexibility, and transparency. Fast transactions enable near-instantaneous settlements, reducing friction in energy trading and management. Furthermore, blockchain-based treasury systems may be able to ensure traceable and transparent financial operations, ensuring trust and accountability for all stakeholders.
Brodie Gunning, President and CEO of Energy Plug Technologies Corp., highlighted the model’s impact, “Our EaaS model embodies the future of energy innovation, combining cutting-edge technology with financial empowerment. By integrating blockchain and cryptocurrency, we are creating a platform that can democratize energy access, drive sustainability, and deliver value to our customers.”
Crypto
Exclusive: White House set to meet with banks, crypto companies to broker legislation compromise
Jan 28 (Reuters) – The White House on Monday will meet with executives from the banking and cryptocurrency industries to discuss a path forward for landmark crypto legislation which has stalled due to a clash between the two powerful sectors, said three industry sources.
The summit hosted by the White House’s crypto council will include executives from several trade groups. It will focus on how the bill treats interest and other rewards crypto firms can dish out on customer holdings of dollar-pegged tokens known as stablecoins, the people said.
Sign up here.
Reuters was first to report the meeting.
The White House did not immediately respond to a request for comment. The sources declined to be identified discussing private policy discussions.
“We look forward to continuing to work with policymakers across the aisle so Congress can advance lasting market structure legislation and ensure the United States remains the crypto capital of the world,” she said.
Cody Carbone, CEO of The Digital Chamber, another major crypto trade group, credited the White House with “pulling all sides to the negotiating table.”
The Senate has for months been working on the bill, dubbed the Clarity Act, which aims to create federal rules for digital assets, the culmination of years of crypto industry lobbying. Crypto companies have long argued that existing rules are inadequate for digital assets, and that legislation is essential for companies to continue to operate with legal certainty in the U.S.
The House of Representatives passed its version of the bill in July.
The Senate Banking Committee was scheduled earlier this month to debate and vote on the bill, but the meeting was postponed at the last minute, in part due to concerns among lawmakers and both industries over the interest issue.
Crypto companies say providing rewards such as interest is crucial for recruiting new customers and that barring them from doing so would be anti-competitive. Banks say the increased competition could result in insured lenders experiencing an exodus of deposits — the primary source of funding for most banks — potentially threatening financial stability.
That bill prohibited stablecoin issuers from paying interest on cryptocurrencies, but banks say it left open a loophole that would allow for third parties – such as crypto exchanges – to pay yield on tokens, creating new competition for deposits.
Reporting by Hannah Lang in New York; Editing by Chizu Nomiyama
Our Standards: The Thomson Reuters Trust Principles.
Crypto
XRP Positions as Institutional Rail While RLUSD Enters Real-World Finance
Crypto
Crypto Crime Wave Fueled by Chinese-Language Money Laundering | PYMNTS.com
Cryptocurrency laundering was an $82 billion problem last year, Bloomberg News reported Tuesday (Jan. 27), citing data from blockchain analysis firm Chainalysis.
-
Illinois6 days agoIllinois school closings tomorrow: How to check if your school is closed due to extreme cold
-
Pittsburg, PA1 week agoSean McDermott Should Be Steelers Next Head Coach
-
Pennsylvania2 days agoRare ‘avalanche’ blocks Pennsylvania road during major snowstorm
-
Lifestyle1 week agoNick Fuentes & Andrew Tate Party to Kanye’s Banned ‘Heil Hitler’
-
Sports1 week agoMiami star throws punch at Indiana player after national championship loss
-
Cleveland, OH1 week agoNortheast Ohio cities dealing with rock salt shortage during peak of winter season
-
Technology6 days agoRing claims it’s not giving ICE access to its cameras
-
Science1 week agoContributor: New food pyramid is a recipe for health disasters