Business
Allied Energy Enters into Joint Venture Agreement with Walker Green Tech
Allied Energy Enters into Joint Venture Agreement with Walker Green Tech.
About this update from Allied Energy Corporation
[{"type":"text","content":"\n Carrollton, Texas, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC Pink: AGYP), a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is pleased to announce a strategic joint venture alliance with WalkerGreen Tech LLC, (\"WGT\"), a private company formed to pursue acquisition and development opportunities within the Energy Sector. WGT was formed by Ladda C. Walker in 2016 to pursue targeted strategic opportunities in the energy sector, leveraging her decades of experience in related finance, government, and global real estate and project development. While initially focused on technology integration that includes, LED lighting, solar technology, and control systems, WGT has expanded into bitcoin mining and other sustainable energy growth areas within the new digital economy. WGT has teamed with property owners and developers, crypto-miners, and investors who assist WGT in developing a full understanding of a client’s energy needs and current infrastructure assessments in order to optimize holistic energy and power solutions for specific projects. In the cases where WGT is called upon by a client or partner to provide a localized, off-grid power solution, WGT researches the requisite power requirements and design parameters, and then engineers a customized set of energy solutions that will provide continuous, resilient power within dependable, stand-alone ‘microgrids.’ These are a small, self-contained power supply grids generating and distributing electric power through their own transmission systems, which can then be used to power a data center or bitcoin mining operation, for example.  Microgrids are also independent of both regional electric company constraints and government regulations concerning power consumption. Allied Energy's deep experience in natural gas resources development has helped them to successfully secure targeted stranded gas and flared natural gas wells for beta testing of bitcoin mining with WGT for a 3-month period. After the beta test, full implementation is planned, with optimal technological and operational strategies designed to reduce grid “congestion” and ensure low-cost distributed electrical generation through the more environmentally friendly...