News and Announcements
REX Energy has secured a $15m contract to commence multiple REX X1 installations
- Published June 04, 2021 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
REX Energy has secured a $15m contract to begin REX X1 installations at 10 mature age lifestyle resorts. Project delivery is across three Phases with the first Phase to begin in June 2021.
Each resort will feature the patent-pending REX X1 on-site. The REX X1 is an advanced renewable energy platform that operates as the brain of each site’s energy distribution system, reducing energy overheads of all tenants whilst creating a revenue-generating asset for the site owner.
The X1 also permanently mitigates all renewable energy export to the national electricity grid.
Each of the 10 sites will feature all three key outputs of the REX X1:
- Ability for up to 100% supply of renewable energy to add a new 25-year revenue stream for the owners and reduce all tenancy and owner energy overheads.
- The sale of renewable energy to the power grid at peak demand/consumption hours whilst eliminating uncontrolled renewable energy export issues permanently.
- A technologically ready platform for future energy revenue markets including electric vehicle charging, increased site/tenancy energy demand, data generation and tariff optimisation.
About REX Energy
REX Energy has reimagined electricity by transforming multi-tenant building energy usage from an expense into a long-term revenue-generating asset for the building owners and body corporates.
The REX Energy X1 is a multi-tenant renewable energy integration platform that is designed to equitably share energy produced onsite.
The patent-pending X1, developed by REX Energy, is a cloud-connected renewable energy network that uses low-set multi-tenant buildings to equitably generate, store, meter and distribute 24 hours of renewable energy to all tenants while supplying the exact amount of energy required in realtime to precisely match their demand. This process completely mitigates renewable energy export to the power grids. The energy produced onsite is consumed onsite. This patent-pending export prevention solution eliminates grid congestion, allowing for the safe application of large-scale renewable installations. By maximising renewable energy generation, the X1 has the capacity and patent-pending algorithms to match the real-time energy demand of each tenant with a 100% supply of renewable energy – all from one platform.
Company Updates
Jamie Dimon: Navigating a World of Uncertainty – From Recession Risks to Geopolitical Tensions
In a candid interview with Bloomberg, JPMorgan Chase CEO Jamie Dimon offered a nuanced perspective on the current global economic landscape, a panorama he describes as rife with “a lot of uncertainty.” From lingering recession fears in the US to the complex interplay of trade wars and geopolitical tensions, Dimon, ever the realist, painted a […]
Wholesale Investor and CapitalHQ Sign Exclusive Master Licence with inQ Innovation Global to Provide Access to India’s High-Growth Startup Market
Wholesale Investor and inQ Innovation have forged a strategic partnership, granting global investors direct access to India’s rapidly expanding innovation ecosystem. This exclusive three-year agreement leverages CapitalHQ’s technology to streamline fundraising for Indian startups and expand deal flow for WI’s 45,000-strong investor network, aligning with India’s 2030 Vision for economic growth and innovation.
EBR Systems: Aussie Medtech Ready to Disrupt $3.6B Heart Failure Market with Leadless Pacemaker
Andrew Shute, Senior Vice President of Business Development at EBR Systems, is confident that his Australian medical device company is poised to make a significant impact on the global cardiac rhythm management market. The focus? A novel leadless pacemaker designed to revolutionise treatment for heart failure patients. After years of development and rigorous clinical trials, […]
Backed By Leading Investment Groups and Family Offices
