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e2Companies To Install Patented R3Di® System at Pennsylvania Pipe Manufacturer Oil Creek Plastics

BONITA SPRINGS, Fla., July 01, 2024 (GLOBE NEWSWIRE) — e2Companies, a leading provider of integrated solutions for power generation and distribution, will install its patented R3Di® System to improve power quality and reliability for Oil Creek Plastics, a family owned and operated business in Titusville, Pennsylvania.

Located in the birthplace of the oil industry, the company has been an industry leader in the small diameter pipe and tubing market since 1972 and is known for its innovative products designed for multiple infrastructure applications. However, in recent years, disruptions in the power supply have become increasingly common at the facility, impacting production and leading to tens of thousands of dollars in downtime and material costs each month.

The facility uses sensitive electronic equipment used to manufacture large rolls of plastic pipe. When operations experienced a disruption in power, they had to restart production and recalibrate equipment.

To solve these challenges, the R3Di® System will provide two megawatts (2MW) of uninterruptible, conditioned power for the building. In addition to connecting to the electric grid and a natural gas generator, the R3Di® System will store energy from the facility’s 1000kW solar photovoltaic panels.

e2Companies combines the system with grid optimization software and services to strategically dispatch power based on weather, market pricing, and grid conditions to make it a full–service Virtual Utility®, the first utility–grade network of Distributed Energy Resources (DERs) operating as a turnkey, integrated solution.

The project is expected to be completed and commissioned by the end of 2025.

“The new R3Di® System will eliminate brown outs and black outs, improving the efficiency of our machines and employees while also allowing us to reduce costs and carbon emissions using the system’s Battery Energy Storage System and natural gas generators,” Oil Creek Plastics Owner CJ Kirvan said.

The system is “designed to run flexibly, with the ability to power critical loads for building operations while benefiting from onsite solar generation to lower total kWh usage and increase the potential to receive credits from the public utility for producing excess power on hot sunny days,” according to e2Companies Business Development Lead Matt Graham.

The facility will also benefit from tax incentives as a result of the federal Inflation Reduction Act, which provides an investment tax credit of 30% for qualifying projects that include microgrids with energy storage technologies.

The project was referred by Voltus, a leading platform for distributed energy resources and demand response programs that helps customers earn money by curtailing energy consumption during peak times.

About e2Companies
e2Companies is accelerating the energy transition with Virtual Utility®, the first utility–grade network of distributed energy resources that delivers Grid 3.0, autonomous grid stability. e2Companies’ patented technology, the R3Di® System, provides a synthetic utility BUS with inertia for continuous on–site power and seamless resiliency. The R3Di® System is continuously monitored by the Grove365 to optimize resources, track ESG targets, and unlock new revenue opportunities for customers.

To learn more about e2Companies, visit www.e2companies.com.

Investor Contact
Investors may contact investorrelations@e2companies.com with inquiries.

Media Contact
Media may contact marketing@e2companies.com or call 844–397–2692.


GLOBENEWSWIRE (Distribution ID 9171104)

Erie County to Deploy Microgrid at Rath Building with e2Companies R3Di® System

BONITA SPRINGS, Fla., May 22, 2024 (GLOBE NEWSWIRE) — e2Companies, a leading provider of integrated solutions for power generation and distribution, and its subsidiary, Palm Energy, are leading a Microgrid and Resiliency Solutions Project for the Erie County Department of Public Works, which aims to increase power reliability at their buildings in Western New York.

This initiative begins with the need for a more reliable, cost–effective alternative for backup power generation at the Edward A. Rath County Office Building, a 16–story building that houses many of the county’s public offices. e2Companies will install its patented R3Di® System to provide uninterruptible, conditioned power for the building. In addition, the R3Di® System will incorporate a new rooftop solar array, making it a turnkey microgrid, further enabling flexibility for the utility during times of emergency grid conditions. e2Companies combines the system with grid optimization software and services to strategically dispatch power based on weather, market pricing, and grid conditions to make it a full–service Virtual Utility®, the first utility–grade network of Distributed Energy Resources designed to deliver full visibility and control with a turnkey, integrated solution.

As part of a long–term partnership stemming from this project, e2Companies and Palm Energy will evaluate Microgrid power needs for other facilities across Erie County and recommend solutions that may include on–site power systems, which will enhance their reliability and sustainability, and in turn energy costs and savings.

“In addition to no longer having to worry about providing power to a mission–critical building, Erie County is able to use our expertise to participate in market programs that may not have been feasible in the past,” said Jeffrey Bonerb, Vice President of Strategic Business Partnerships at e2Companies. “Our solutions are available to commercial, industrial, and government entities across New York State, and we are excited to expand our portfolio in the NYISO territory.”

e2Companies will partner with 34 Group, a New York State–certified Minority Business Enterprise led by Hall of Fame running back Thurman Thomas, to manage the construction of other projects identified through their ongoing assessments. “The project aligns well with 34 Group’s mission to build stronger communities by investing in construction that serves the public good and creates more local jobs,” Thomas said.

Erie County Public Works Commissioner William Geary said the Microgrid and Resiliency Solutions Project is an innovative partnership that sets a foundation for the county to continue being good stewards to the community during this global energy transition.

“Collaborating with e2Companies, Palm Energy, and 34 Group brings together the expertise and resources needed to propel our energy projects to success, leveraging each partner's strengths for a more sustainable future,” Geary said.

About e2Companies
e2Companies is accelerating the energy transition with Virtual Utility®, the first utility–grade network of distributed energy resources that delivers Grid 3.0, autonomous grid stability. e2Companies’ patented technology, the R3Di® System, provides a synthetic utility BUS with inertia for continuous on–site power and seamless resiliency. The R3Di® System is continuously monitored by the Grove365 to optimize resources, track ESG targets, and unlock new revenue opportunities for customers.
To learn more about e2Companies, visit www.e2companies.com.

Investor Contact
Investors may contact investorrelations@e2companies.com with inquiries. 

Media Contact
Media may contact marketing@e2companies.com or call 844–397–2692.


GLOBENEWSWIRE (Distribution ID 9121529)

e2Companies Identifies Global Power Leader Cummins Inc. as Strategic Supplier for the R3Di® System

BONITA SPRINGS, Fla., April 04, 2024 (GLOBE NEWSWIRE) — e2Companies, a leading provider of data–driven solutions for grid modernization, is pleased to name Cummins Inc. CMI as an official supplier for the R3Di® System. This agreement provides e2Companies access to Cummins Inc. industry–leading generator sets that deliver exceptional power with high electrical efficiency.

“We continue to expand our supplier network with one goal in mind: top–notch performance,” said James Richmond, CEO and President at e2Companies. “Our agreement with Cummins Inc. reflects this commitment since they have set the benchmark for reliability with power generation. This allows us to uphold these standards while keeping up with increasing demand across global markets.”

“We are excited with the opportunity to supply our generator sets to the R3Di® System, a power generation solution that will provide seamless resiliency and reliability to customers” said Lucio Kroll, Managing Director of Microgrids at Cummins.

Cummins Inc. generator sets will be paired with the R3Di® System’s Lithium Iron Phosphate (LiFePO4) battery energy storage and continuous performance monitoring (Grove365) to deliver stable and conditioned power independent of grid issues. Cummins Inc. joins an expanding supplier network for e2Companies that includes Nuvation Energy, EPC Power, MSI Tec, and ABB Ltd.

About e2Companies

e2Companies is the first vertically integrated Virtual Utility® for power generation, distribution, and energy economics in the marketplace. e2Companies’ patented technology, the R3Di® System, provides a synthetic utility BUS with inertia for continuous on–site power and seamless resiliency, independent of grid conditions. The R3Di® System is continuously monitored by the Grove365 to optimize resources, track ESG targets, and unlock new revenue opportunities for customers.

e2Companies officially entered into a merger agreement with Minim, Inc. MINM on March 12, 2024, to create a NASDAQ–listed, comprehensive products and services company focused developing proprietary solutions for Grid 3.0, Autonomous Grid Stability.

To learn more about e2Companies visit www.e2companies.com.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products include diesel, natural gas, electric and hybrid powertrains and powertrain–related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, electric powertrains, hydrogen production and fuel cell products.

See how Cummins is powering a world that's always on by accessing news releases and more information at www.cummins.com.

Media Contact: marketing@e2companies.com


GLOBENEWSWIRE (Distribution ID 9084172)

e2Companies Secures $100 Million Investment Commitment from GEM, as Company Anticipates Listing

BONITA SPRINGS, Fla., Jan. 17, 2024 (GLOBE NEWSWIRE) — e2Companies, a leading provider of integrated solutions for power generation and distribution, announced today that it has secured a $100 million investment commitment from Luxembourg based Global Emerging Markets (“GEM”). With this financing commitment, e2Companies is well positioned to advance and deliver on the company’s mission to design solutions that deliver seamless resiliency and reliability for its customers.

“We’re thrilled to partner with GEM,” said James Richmond, CEO at e2Companies. “This provides access to financing that strengthens e2Companies’ and speeds up the global energy transition. The optimization of our power grid depends on distributed energy resources and expanding choice for the end–user. Including the source of power, type of power, market rates, and environment considerations. Our R3Di® system and Grove365 software unlock a new model for independent grid stability. Increasing the strength of the grid where it is needed the most – at the source of power consumption.”

The GEM investment will strengthen the company financially and support the ongoing development of Virtual Utility®. This includes new product discovery and manufacturing capabilities in North America and Europe while delivering additional value creation and margin improvement across international markets. The funding commitment from GEM will allow e2Companies to drawdown funds by issuing shares through its’ anticipated common stock offering, with e2Companies maintaining control over the timing and magnitude of such drawdowns without having a minimum drawdown obligation.

About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, alternative investment group with offices in Paris, New York, and Nassau (Bahamas). GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 570 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk–adjusted return, and liquidity profile. The investment vehicles provide GEM and its partners with exposure to: Small–Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.

For more information: http://www.gemny.com

About e2Companies
e2Companies is the first vertically integrated Virtual Utility® for power generation, distribution, and energy economics in the marketplace. e2Companies’ innovative technology delivers top notch performance and unprecedented value in the industry. This includes 24x7x365 asset monitoring, and energy optimization programs to unlock new revenue opportunities for customers.

To learn more about e2Companies visit www.e2companies.com

Media Contact: investorrelations@e2Companies.com


GLOBENEWSWIRE (Distribution ID 9019747)