News and Announcements
REX Energy Receives LOI To Proceed With A Client-Funded $13.5M Project
- Published October 13, 2022 11:53PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
REX Energy is a VC-backed renewable energy technology company with a patented X1 technology that enables multi-tenant properties to generate 100% of their renewable energy supply on-site and distribute electricity equitably and efficiently.
As of 11:30 am on 10th October, REX Energy has received a letter of intent from a QLD client to proceed with a client-funded, AUD 13.5M retirement village project spanning four years that will also provide AUD 500-600k per annum (increasing at 3% per annum) in network operating fees “Energy as a Service” revenue over twenty-five years.
Company Updates
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