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Triad Pro Innovators, Inc. Provides Crypto Mining Update - Engineering Work Commenced for One World Ventures, Inc.
Triad Pro Innovators, Inc. Provides Crypto Mining Update - Engineering Work Commenced for One World Ventures, Inc..
About this update from Triad Pro Innovators, Inc.
[{"type":"text","content":"TPII commences engineering work on an energy storage solution for 100-megawatt crypto mining facilityNews summary:One World Ventures 100MW crypto mining facility in Wyoming to use TPII's eCell energy storage solutionTPII's eCell key to One World Ventures ability to access stable electricity at globally competitive ratesLAS VEGAS, NV / ACCESSWIRE / December 16, 2021 / Triad Pro Innovators, Inc. (OTC PINK:TPII) is pleased to update all shareholders on its MOU with One World Ventures, Inc.(OTC PINK: OWVI), as announced in November.Triad Pro Innovators to develop energy storage solution for 100-megawatt crypto mining facilityIn line with the scope of work, Triad Pro Innovators has now commenced engineering work to develop an energy storage solution for a 100-megawatt crypto mining facility. The solution will utilize TPII's patent-pending Triad Pro eCell technology to capture excess energy during peak production periods.To be located in Wyoming, OWVI's facility will take advantage of the extremely favourable energy situation that has developed in the state, giving OWVI access to electricity at globally competitive rates.Da Mu Lin, CEO of One World Ventures, said, "With our contacts to bring bitcoin mining operations to the U.S., energy cost has a huge impact to our profitability. OWVI is focused on developing a fully integrated crypto-currency mining facility in Wyoming."House Bill 189 creates opportunity for crypto miners to access free natural gas resourcesOn April 15 of this year, Wyoming Governor Mark Gordon signed House Bill 189 into law. Creating an exception under W.S. § 39-14-205(p), natural gas that would otherwise have been vented or flared is now considered to have no value and is exempt from taxation if it is consumed on-site.This comes at a time when oil and gas companies are coming under increasing pressure to reduce emissions, of which gas flaring is a leading contributor. However, in many circumstances, it is more economically viable to burn off excess gas during unplanned over pressuring than to capture it. Giving cryptocurrency miners access to that gas, usually at zero cost, creates a win-win solution.Triad Pro eCell energy storage technology solves stability issuesTriad Pro's eCell will enable One World Ventures to rapidly store excess energy when surplus natural gas is available for electricity gen...