$GEGR This is a huge step in the worldwide race an
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Posted On: 01/03/2022 10:54:36 AM
$GEGR This is a huge step in the worldwide race and transition from fossil fuels to newer, safer and more reliable sources of energy for the planet. As climate change and an increasing world population currently drives the progress of renewables, this new partnership hopes to lead the way to the next trend of the energy market.
The initiative comes as the global electricity sector is clamoring for grid-storage solutions. The rise of intermittent renewables like solar and wind is driving a need for systems that can absorb excess power supplies and discharge them at a moment's notice, to match the ebb and flow of power demand. By 2030, the global energy storage market could see a five-fold increase, from 800 gigawatt-hours today to as much as 4,000 gigawatt-hours, according to the U.S. National Renewable Energy Laboratory (The figures include both stationary storage installations and transportation applications, such as electric vehicle batteries).
At the same time, green hydrogen is gaining favor as a way to clean up long-distance transportation, chemical manufacturing, aviation, and other sectors that are difficult to electrify. Estimates for green hydrogen growth vary widely, and there's little consensus as to what demand might look like in coming decades, Canary Media recently reported. However, the Hydrogen Council said it expects green hydrogen production to reach nearly 550 million metric tons by 2050-a significant jump from the roughly 0.36 million metric tons produced in 2019.
Peter Koley, the Chief Financial Officer for Gaensel Energy, states: "This new important acquisition represents for our Group an increased investment in the global much needed renewable energy technology and is also a major step for Gaensel Energy Group to start a process of identifying the best return on investment and focus the energies of our group in this space."
About Gaensel Energy Group, Inc. (OTC Pink: GEGR):
Gaensel Energy Group asset base currently consists of proven companies in Biotech, Commodities, Health, Beauty - Fashion, Green and Renewable Energy, and Technology. The management teams for each of these divisions are actively seeking similar partners in each space for expansion and additional acquisitions. We have been listed on the United States OTC Markets since 2002 and the Company is current. Our current private placement offering: https://ppm.gegrgroup.com/.
The initiative comes as the global electricity sector is clamoring for grid-storage solutions. The rise of intermittent renewables like solar and wind is driving a need for systems that can absorb excess power supplies and discharge them at a moment's notice, to match the ebb and flow of power demand. By 2030, the global energy storage market could see a five-fold increase, from 800 gigawatt-hours today to as much as 4,000 gigawatt-hours, according to the U.S. National Renewable Energy Laboratory (The figures include both stationary storage installations and transportation applications, such as electric vehicle batteries).
At the same time, green hydrogen is gaining favor as a way to clean up long-distance transportation, chemical manufacturing, aviation, and other sectors that are difficult to electrify. Estimates for green hydrogen growth vary widely, and there's little consensus as to what demand might look like in coming decades, Canary Media recently reported. However, the Hydrogen Council said it expects green hydrogen production to reach nearly 550 million metric tons by 2050-a significant jump from the roughly 0.36 million metric tons produced in 2019.
Peter Koley, the Chief Financial Officer for Gaensel Energy, states: "This new important acquisition represents for our Group an increased investment in the global much needed renewable energy technology and is also a major step for Gaensel Energy Group to start a process of identifying the best return on investment and focus the energies of our group in this space."
About Gaensel Energy Group, Inc. (OTC Pink: GEGR):
Gaensel Energy Group asset base currently consists of proven companies in Biotech, Commodities, Health, Beauty - Fashion, Green and Renewable Energy, and Technology. The management teams for each of these divisions are actively seeking similar partners in each space for expansion and additional acquisitions. We have been listed on the United States OTC Markets since 2002 and the Company is current. Our current private placement offering: https://ppm.gegrgroup.com/.
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