Green Stream Holdings Completes Structural Engineering for 160 Imlay Street Project; Submits f
By: Green Stream Holdings Inc.
The Company has officially completed its structural engineering for the 160 Imlay Street Project and has submitted its application to integrate its solar and photovoltaic initiatives with conEd's powerful electric distribution grid.
Con Edison provides electric services to 3.2 million customers in New York City and portions of Westchester County. Electricity is delivered through approximately 94,000 miles of underground cable, and almost 37,000 miles of overhead cable.
As the demand for solar energy soars, the industry is booming in New York. Solar clients expect prompt interconnection, but this isn't always the case. The State of New York and utility companies, such as Con Edison, both have interconnection requirements.
The vast majority of solar installers apply for interconnection on behalf of their residential and commercial clients.
As part of it's clean energy commitment conEd wants to make it possible for customers to buy 100 percent clean electricity by 2040. Con Edison Inc. is the second largest solar producer in North America and seventh largest in the world. Approval of Green Stream Holdings' initial application with conEd for Imlay street will facilitate the opportunity to harness renewable energy for GSFI to then lease back to the surrounding communities toward a sustainable, long-term income stream, as it continues to position itself as an industry leading lease-back utility company in the renewable energy space.
Green Stream's initiatives for 160 Imlay include implementation of a rooftop photovoltaic system providing at a minimum of 300- 450 Kw of electric Photo Voltic Power, utilizing approximately 1000-1440 panels, on approximately 22,000 square foot space on the property. Green Stream Holdings, together with Morali Architects as their joint venture partner in this project, will design, erect, construct and install or retrofit the property, increasing its value and reducing the property's carbon footprint all the while.
Green Stream Finance, Inc., The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties.
James DiPrima, CEO