Green Rain Energy and Wallace Energy Sign EPC Contract for Solar and EV Expansion

In a significant development for the renewable energy sector, Green Rain Energy Holdings (OTCID:GREH) has unveiled a transformative partnership aimed at bolstering its clean energy initiatives. Announced today, the company will engage in a long-term Engineering, Procurement, and Construction (EPC) contract with Wallace Energy, a prominent nationwide EPC provider. This strategic alliance is set to accelerate the completion of Green Rain's solar farm project in Greece, NY, as well as its expansive EV charging infrastructure across the United States.

Major Projects Underway

The EPC contract encompasses pivotal projects including the flagship solar farm in Greece, NY, designed to offer affordable, sustainable energy to the area. This initiative serves as a benchmark for future solar ventures by Green Rain. Additionally, Wallace Energy's expertise will be instrumental in advancing Green Rain's EV charging sites in Rochester, NY, and expanding a comprehensive EV charging station network nationwide.

Advantages of the EPC Approach

EPC contracts streamline project development by centralizing engineering, procurement, and construction responsibilities under one entity. Benefits for Green Rain shareholders include expedited project timelines, reduced risks through Wallace Energy’s comprehensive model, and increased scalability. The licensing across over 40 states enables Wallace Energy to replicate success on a national scale. Furthermore, EPC-backed projects tend to attract lenders due to the single-point accountability they offer.

"This EPC contract represents the beginning of a new growth era for Green Rain Energy," stated Alfredo Papadakis, CEO of Green Rain Energy Holdings. "By partnering with Wallace Energy, we're not only completing our Greece, NY solar farm but also building the foundation for a nationwide EV charging network that positions us at the center of the clean energy transition. This is the kind of high-impact execution our shareholders have been waiting for."

Timeline and Financial Projections

Construction on the Greece, NY solar farm is slated to commence promptly after the contract signing, aiming for commercial operations by Q2 2026. The facility is projected to supply 20 MW of renewable energy, powering approximately 4,000 homes annually, with estimated revenues exceeding $5 million per year.

Meanwhile, the first installations of EV charging and hotel sites in Rochester, NY, are expected by Q1 2026. As phases continue to rollout through 2026-2027, a total of 150 fast-charging ports are anticipated to generate $4-6 million annually in revenue.

The nationwide EV expansion is set to begin by mid-2026, with a goal of establishing 1,000 charging ports by 2027. This initiative is projected to support over 250,000 charging sessions per year, potentially generating annual revenues between $25 and $30 million.

Strategic Market Positioning

Green Rain's growth strategy aligns with the burgeoning demand for renewable energy solutions. The global EV charging infrastructure market is on track to surpass $100 billion by 2030, with North America being a key growth region. Concurrently, the U.S. solar market is projected to double, growing from $33 billion in 2024 to over $70 billion by 2032.

By integrating solar energy generation with EV charging networks, Green Rain Energy aims to capture seamless revenue streams, positioning itself as a vertically integrated clean-energy company.

"Our strategy is clear," added Papadakis. "We are targeting two of the fastest-growing sectors in the energy transition - solar and EV charging - and aligning them under one roof. This dual approach allows us to maximize revenues, reduce costs, and deliver shareholder value at a scale that few small-cap companies can match."

Shareholder Benefits

Green Rain Energy’s Board of Directors has approved a special stock dividend, offering 100 shares of common stock for every 1,000 shares held, pending customary FINRA approval. This initiative reflects the company’s commitment to enhancing shareholder value and liquidity in the marketplace, with the dividend expected to be tax-free for U.S. investors.

"This dividend is more than just a reward - it's a signal of confidence in our strategy and our future," said Papadakis. "We are building a company designed to thrive at the intersection of renewable energy and EV infrastructure, and we want our investors to grow with us every step of the way."

For more details on Green Rain Energy Holdings, visit their official website or check their Investor Relations section.

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