NEW YORK, NY, June 14, 2022 (GLOBE NEWSWIRE) — International Endeavors Corp. (“IEC”) (OTC PINK: IDVV) entered the nearly $1 trillion global renewable energy industry through its January 2022 acquisition of Universal Voltage, a clean energy company that offers a suite of commercial and residential solar products, backup and EV2G/two-way charging. IEC then expanded its lineup by announcing that it planned to introduce a crypto-mining product that it developed by integrating crypto-mining capabilities into technologies it acquired from Universal Voltage. Both announcements established IEC’s commitment to growing its green energy footprint, and the news positions IEC to provide both a solar power source and a clean crypto-mining solution for residential and commercial users.
As part of the acquisition, IEC secured Universal Voltage franchises and partnerships for a multitude of products and included existing product sales and installations in the first quarter of 2022. In total, the acquisition has the potential to radically change the future of IEC by enabling the company to create shareholder value. . After all, IEC now has a legitimate way to start generating significant annual revenue in an industry that is expected to reach nearly $2 trillion by the end of the decade, according to many analysts.
And as we fast forward to today, the network of distributors and partnerships that IEC has acquired during the acquisition will be invaluable. Five months into Universal Voltage’s ownership, IEC has already introduced a solar-powered clean energy (UV-OG) crypto-mining container. The company’s UV-OG series uses the latest solar, battery and crypto mining technologies to provide its users with a residential or commercial power source that can also mine cryptocurrency like Bitcoin more responsibly.
The introduction of the new UV-OG series has already generated real interest. IEC announced late last week that it had launched the initial phase of its $1 million+ solar-powered clean energy crypto project in Baja, Mexico. The agreement covers the development and sale of 10 UV-OG units. According to the company, the primary use of the units will be to provide an off-grid power solution for a housing project under development in the Baja California region of Mexico. Each UV-OG unit will also have solar power and crypto-extraction to maximize the use of the energy generated.
In addition, IEC has announced that it sees many development opportunities on both the residential and commercial side, and the company intends to expand further into Latin America. Currently, IEC said it is in negotiations to develop another project in Costa Rica.
IEC’s interest in advancing its own cryptography solution is clear. Cryptocurrency mining is notorious for wasting electricity. Current mining practices are thought to add up to 40 million tonnes of carbon dioxide to the atmosphere each year. Bitcoin mining, for example, which involves creating new bitcoins and updating the digital ledger that tracks transactions, consumes large amounts of computing power and electricity. To earn bitcoins, miners solve increasingly difficult puzzles. The faster and more efficiently they solve these puzzles, the more bitcoins they get and the harder it becomes to mine new ones.
The company said its mining rigs will be compatible with its suite of commercial and residential solar, backup and EV2G/two-way chargers, allowing users to mine clean crypto energy. IEC says its vision is to provide new and existing customers who own solar/battery backup setups the ability to sell power back to the grid or mine cryptocurrency, whichever is most beneficial to the customer. customer.
The company’s off-grid power solution will allow any surplus power generated by its solar technology to be used for crypto mining, creating an opportunity for people using off-grid power to be able to generate income similar or better than reselling to the network, which improves their return on investment.
To learn more about International Endeavors Corp., visit https://idvvcorp.com or follow IEC on Twitter at https://twitter.com/IDVVcorp
About International Endeavors Corp.
International Endeavors Corporation is an alternative energy company focused on the marketing, sales, distribution, and installation of solar technology, battery storage, two-way charging, and cryptocurrency mining rigs clean energy in the United States and Latin America. The company is focused on providing solutions to improve customer ROI on and off the grid. In addition to its core business, IEC is engaged in locating, acquiring and partnering with established, environmentally friendly companies, brands and technologies in the green energy sector.
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