Renewable Innovations, Inc. announced the validation of their unique technology and its potential widespread use in many separate industries. The company has developed proprietary software that manages and runs complex renewable energy systems. Additionally, RI has developed electronic and hardware components that interface with multiple subsystems. This revolutionary new technology has been developed, built and validated to the point where fully operating systems are being delivered and new orders are being received. RI currently has approximately a dozen revenue generating projects with several Fortune 500 companies, large government contractors and government agencies.

Additionally, the company is in the late stages of finalizing and developing various systems for a multitude of companies. Initial deployment for many of these systems is expected this year with network-wide deliveries next year. Worldwide investment in the green energy transition topped $1.1 trillion in 2022, setting a new record according to Bloomberg NEF.

This represents a more rapid acceleration than originally forecast as the energy crises prompted faster deployment of low-carbon technologies. The world is set to add as much renewable power in the next five years as it did in the last twenty. This makes energy storage, alternative energy recharging capabilities, and non-reliance on the electrical grid infrastructure vital for the future.