SUNNY ISLES BEACH, FL / ACCESSWIRE / September 10, 2024 / Elektros (OTC PINK:ELEK) ("Elektros" or "the Company"), an emerging leader in the electric mobility industry, announced it has signed a Memorandum of Understanding (MOU) engaging Next Realm AI as lead project manager around renewable energy solutions for the data center industry.
Next Realm AI will lead focus on strategic partnerships for renewable energy solutions around solar power and advanced battery storage, with Lithium from Elektros' mining operations to create a sustainable energy ecosystem for AI data centers.
The global AI market is projected to reach $1,597.1 billion by 2030, with a CAGR of 38.1% from 2022 to 2030 (Allied Market Research). This explosive growth is expected to drive a significant increase in energy consumption, with data centers potentially accounting for up to 13% of global electricity demand by 2030 (Nature).
Next Realm AI will also help develop Elektros' advisory board and AI governance policies, gathering experts from renewable energy and AI fields.
Tom Bustamante, Founder and CEO of Next Realm AI, stated, "With AI workloads driving unprecedented energy demands in data centers, we're leveraging Elektros' lithium resources to develop sustainable power solutions. Our focus is on advanced battery technologies and AI-driven power management systems to address both energy efficiency and computational performance. This collaboration aims to set a new standard for sustainable AI infrastructure, balancing technological advancement with environmental stewardship."
Data Center Power:
Renewable sources like solar and wind, coupled with Elektros' lithium-based battery storage, can power AI data centers, reducing carbon footprint and costs.
Energy Management:
AI-driven smart grids utilizing Elektros' lithium storage can optimize renewable energy distribution, balancing load and enhancing overall system reliability for data centers.
Edge Computing:
Distributed renewable systems with efficient lithium batteries can support remote edge AI devices, enabling applications without relying on traditional grids.
About Next Realm AI
Next Realm AI is a New York based innovation lab and consulting firm focused on commercial development of next generation technologies such as artificial intelligence, data analytics, quantum computing. https://nextrealm.ai
About Elektros, Inc.
Elektros (OTC PINK:ELEK) is a vertically integrated sustainable energy company focused on lithium mining, electric vehicle charging, solar energy storage, and power supply for AI data centers. We are at the forefront of the clean energy transition, driving innovation in mobility and energy technologies to combat the global climate crisis and deliver transformative user experiences. www.elektros.energy
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This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Elektros, Inc.'s products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time to time in Elektros Inc.'s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs, and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Elektros Inc., please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Elektros, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Elektros, Inc. IR and Media Inquiries
Email: ElektrosInc@gmail.com
SOURCE: Elektros, Inc.
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