TORONTO, ON / ACCESSWIRE / March 31, 2022 / AmmPower Corp. (CSE:AMMP) (OTCQB:AMMPF) (FSE:601A) (the "Company" or "AmmPower") Executives, including Rene Bharti (President) and Paul Sparkes (Advisory Board Member), recently completed a site visit to Ireland in order to locate potential partners and sites for the Company's green ammonia technology suite. The Company Executives visited several port facilities and met with business leaders connected to Ireland's renewable energy programs.
Stated Mr. Bharti, "Ireland has an incredible opportunity to share its abundant renewable energy with the world. Having visited both commercial sites and large port facilities, the entrepreneurial spirit is very much alive in the country. Ireland has the ability to become a true global leader in the production of renewable energy due to its geographical location, abundance of renewable energy (having some of the best commercial grade wind speeds on the planet) and favorable taxation."
As Conn Murray, former CEO of Limerick City and County Council sates, "Ireland itself requires only 6 or 7 gigawatts of power to run the country. According to most reports, the country is capable of producing over 40 gigawatts of clean energy, mostly through wind power. This puts Ireland in position to become one of the largest exporters of green energy in Europe. The most obvious choice to export green energy is through green ammonia, and AmmPower appears able to help the country facilitate this."
Ireland is investing heavily into offshore and onshore wind farms, and is currently upgrading their internal grid to be able to facilitate the transfer of energy from the point of production to point of use. Pictured below are Rene Bharti and Paul Sparkes, President and Advisory Board Member, respectively, of AmmPower, standing at Shannon Foynes Port in front of large offshore wind turbines.
Figure 1. Rene Bharti (President), and Paul Sparkes (Advisory Board Member) stand beside turbine blades set for deployment at Shannon Foynes Port, Ireland's second largest port authority.
Paul Sparkes, states, "The size and scope of the on- and off-shore wind projects in Ireland is tremendous. Seeing the rapid deployment, and government strides to make Ireland the hub of renewable energy was extremely impressive. Having met with top officials in most of the key counties, AmmPower was able to forge relationships that we hope will lead to a large green ammonia footprint in the country."
AmmPower Corp. is emerging as a world leader in the production and commercialization of green ammonia. Through its three core concepts of feed, fuel, and move, AmmPower has the capability to capture the fertilizer market, the shipping fuel market, as well as the movement of hydrogen as a carrier within the country of Ireland.
On Behalf of the Board of Directors
Gary Benninger
Chief Executive Officer
About AmmPower
AmmPower is a resource exploration company with an increasing focus on clean energy. The Company is based in Toronto, Ontario, with a research and manufacturing facility in southeast Michigan. The company owns the Whabouchi South lithium exploration property located in the James Bay/Eeyou Istche region of Quebec and holds an option over the Titan Property located in the Klotz Lake area in Northwestern Ontario. In addition, together with its partner, ORF Technologies Inc., based in Toronto, Canada, the Company is working on the development of a proprietary solution to produce green ammonia and green hydrogen, and is also investigating revolutionary catalyst methods to react Nitrogen and Hydrogen together with the aim of creating 100% clean, and cost effective green, turquoise, and blue ammonia.
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Disclaimer, Forward-Looking Statements
This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the Company's ability to source partners or opportunities in Ireland, the potential of Ireland to become a global leader in the production of renewable energy, and the capability of the Company to capture the fertilizer, shipping fuel or hydrogen carrier markets, whether In Ireland or elsewhere. All statements within, other than statements of historical fact, are to be considered forward-looking. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, but are not limited to, the Company not being able to source partners or opportunities in Ireland, Ireland not emerging as a global leader in the production of renewable energy, and the Company not being able to capture the fertilizer, shipping fuel or hydrogen carrier markets, whether In Ireland or elsewhere, as well as those identified and reported in the Company's public filings under the Company's SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
SOURCE: AmmPower Corp.