Latest news with #StardustSolar
The Market Online
7 days ago
- Business
- The Market Online
Stardust Solar signs AI-powered renewable energy optimization deal
Stardust Solar Energy (TSXV:SUN) has signed a letter of intent (LOI) with Estonia-based MarkeDroid OÜ, a provider of AI-driven virtual power plant services Stardust Solar intends to integrate and white-label MarkeDroid's AI optimization platform across its network of over 93 franchise territories in Canada, the United States, and the Caribbean the platform to generate optimal 24-hour energy plans for each asset. The system dynamically recalibrates in response to grid fluctuations or changes in energy storage Stardust Solar Energy stock (TSXV:SUN) last traded at $0.14 Stardust Solar Energy (TSXV:SUN) has signed a non-binding letter of intent (LOI) with Estonia-based MarkeDroid OÜ, a provider of AI-driven virtual power plant services. The LOI outlines plans for Stardust Solar to become the exclusive North American distributor of MarkeDroid's advanced solar and battery optimization technology. This strategic partnership was facilitated by ClimateDoor and the European Union's Lower Carbon Business Action (LCBA) program, which connects cutting-edge European clean technologies with Canadian market leaders. A leap toward smarter energy Under the terms of the LOI, Stardust Solar intends to integrate and white-label MarkeDroid's AI optimization platform across its network of over 93 franchise territories in Canada, the United States, and the Caribbean. The technology is designed to optimize energy usage by analyzing market prices, solar production, and consumption patterns to determine the most efficient buy-sell-store cycles. MarkeDroid's platform also offers advanced battery arbitrage and grid flexibility services, which are expected to significantly reduce energy costs for both residential and commercial customers. 'This LOI marks a pivotal milestone in our growth strategy,' said Mike Cioffi, Founder and CEO of Stardust Solar. 'By integrating MarkeDroid's AI capabilities, we're not only enhancing the value we deliver to our customers but also reinforcing our commitment to innovation and sustainability.' Building on momentum The agreement follows a series of major achievements for Stardust Solar, including: The acquisition of 49 U.S. territories through the purchase of Solar Grids Development LLC assets. New franchise launches in high-growth markets such as Dallas-Fort Worth, Texas, and Florida. A project backlog exceeding C$2 million in signed contracts for solar and energy storage installations set to begin in spring 2025. A strategic distribution agreement with Tesla for the Powerwall energy storage solution. MarkeDroid's optimization engine is built on proprietary AI models developed in collaboration with STACC, a data science firm affiliated with the University of Tartu. The system uses a combination of: Location-specific weather forecasts Historical consumption data Real-time energy market prices On-site parameters such as photovoltaic (PV) capacity and battery storage These inputs allow the platform to generate optimal 24-hour energy plans for each asset. The system dynamically recalibrates in response to grid fluctuations or changes in energy storage, working to ensure maximum efficiency and reliability. Leadership insights '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,' Mark Tadros, Stardust Solar's founder and CEO said in a news release. 'This partnership reflects our commitment to delivering solutions that not only drive down costs but also accelerate renewable energy adoption across our growing footprint.' 'Through our partnership with Stardust Solar, we will aim to make a tangible impact on North American renewable energy markets,' Toomas Teesaar of MarkeDroid added. 'Stardust Solar's extensive installer network and commitment to exceptional service are an ideal match for our vision of enabling more flexible and efficient clean energy ecosystems.' The LOI sets the stage for a definitive commercial agreement, supported by EU-funded technical assistance. If finalized, the partnership could lead to future co-development opportunities and deeper collaboration between the two companies. The transaction remains subject to customary conditions, including regulatory approvals and the execution of a definitive agreement. Both companies are independent entities, and no finder's fees are expected in connection with the LOI. This partnership is expected to deliver not only financial benefits but also significant environmental impact by reducing reliance on grid electricity and lowering carbon emissions across North America. About Stardust Solar Energy Stardust Solar Energy Inc. is a North American franchise provider in renewable energy installations, offering expertise in solar PV systems, energy storage solutions, and electric vehicle charging infrastructure. The company empowers entrepreneurs by providing a fully branded business platform, state-of-the-art equipment, and end-to-end support services spanning marketing, sales, engineering, and project management. Stardust Solar Energy stock (TSXV:SUN) last traded at $0.14 and though it is up 7.41 per cent since the year began, it has lost 9.38 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on the Stardust Solar Energy Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
08-05-2025
- Business
- Yahoo
Stardust Solar Energy Inc. Commences Trading on OTCQB Market Under Symbol SUNXF
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) ("Stardust Solar" or the "Company"), a North American leader in renewable energy solutions and franchising, is pleased to announce its shares will begin trading on the OTCQB Market effective May 8, 2025, under the ticker symbol "SUNXF". This milestone marks Stardust Solar's strategic expansion to enhance its accessibility and visibility among U.S. investors, complementing the Company's existing TSX Venture Exchange (TSXV) listing under the symbol "SUN". Key Highlights: OTCQB Market Listing: Enhances transparency, investor confidence, and facilitates trading for U.S. investors. Strategic U.S. Expansion: Recently acquired Solar Grids Development LLC assets, expanding its franchise territories significantly across the United States. The Company now has 54 Franchise territories in the US and 88 across North America. Enhanced Visibility: Investors now have access to real-time Level 2 quotes for Stardust Solar securities on the OTC Markets platform. Mark Tadros, CEO of Stardust Solar, commented: "Listing on the OTCQB represents a significant step in our Company's growth, making Stardust Solar's innovative renewable energy solutions accessible to a broader range of investors. We believe this move will enhance liquidity, broaden our shareholder base, and increase the visibility of our strategic initiatives and performance to investors in the U.S. and globally." About Stardust Solar: Stardust Solar is a North American franchisor of renewable energy installation services, specializing in solar panels (PV), energy storage systems, and electric vehicle supply equipment. The Company equips entrepreneurs with branded business management services, cutting-edge equipment, and comprehensive support, including marketing, sales, engineering, and project management. With franchises across Canada and the United States, Stardust Solar drives the adoption of clean energy solutions that boost economic development and create a more sustainable future. Media and Investor Contacts: Steve RickabyCommunications and Investor RelationsPhone: 1-672-472-1345Email: steve@ Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements relating to the Company's business plans and expected future growth, expected franchise expansions, the outlook of future operations, revenue growth, new opportunities and the demand for the Company's products. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward‐looking statements as well as future results. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention. It assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
