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Stardust Solar Signs LOI for Exclusive North American Distribution of MarkeDroid A.I. Driven Technology with European Union Participation
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Stardust Solar Energy Inc. (TSXV: ...
About this update from Stardust Solar Energy Inc.
[{"type":"text","content":"Stardust Solar Signs LOI for Exclusive North American Distribution of MarkeDroid A.I. Driven Technology with European Union ParticipationVancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (FSE: 6330) (OTCQB: SUNXF) (the \"Company\" or \"Stardust Solar\"), a leading North American franchisor of renewable energy installation services, is pleased to announce that it has signed a non-binding Letter of Intent dated effective May 25, 2025 (\"LOI\") with MarkeDroid OÜ, an Estonia-based provider of renewable energy virtual power plant services (\"MarkeDroid\"), to become the exclusive North American distributor of the MarkeDroid A.I. based solar and battery optimization solution. This strategic partnership was facilitated by ClimateDoor and the European Union's Lower Carbon Business Action program, connecting innovative EU technologies with Canadian market leaders.Partnership HighlightsPursuant to the terms of the LOI, it is expected that Stardust Solar will integrate and white-label MarkeDroid's AI-powered optimization solution across its network of 93+ franchise territories throughout Canada and the United States, and CaribbeanMarkeDroid technology evaluates market prices, on-site solar production, and energy usage patterns to optimize buy-sell-store cycles for maximum efficiencyIt is expected that MarkeDroid's advanced battery arbitrage and grid flexibility services will help boost energy savings and reduce costs for the Company's residential and commercial customers\"We are excited to bring MarkeDroid's intelligent optimization technology to North America, further enhancing the value proposition of our solar and battery storage installations,\" said Mark Tadros, Founder and CEO of Stardust Solar. \"This partnership reflects our commitment to delivering solutions that not only drive down costs but also accelerate renewable energy adoption across our growing footprint.\"This LOI represents an important milestone in Stardust Solar's expansion strategy. Which builds off of the Company's recent achievements, including:The acquisition of 49 U.S. territories through the strategic Solar Grids Development LLC asset purchaseNew franchise launches in high-growth markets including Dallas-Fort Worth, Texas, and FloridaA project backlog exceeding C$2 million backlog in signed contracts for s...