Print
Technology

KWHCoin Partners With Firm To Develop Renewable Energy Projects

By Johanna Cano, posted Aug 30, 2019
Girard Newkirk, founder and CEO of KWHCoin, said the startup has partnered with Mavericks Renewables to develop renewable energy projects locally. (File photo)
KWHCoin, a blockchain-based renewable energy startup, has partnered with California-based Mavericks Renewables, which would allow KWHCoin to work on renewable energy projects in the Cape Fear region.

Wilmington-based KWHCoin, which tokenizes renewable energy that can be traded and sold through an online wallet, will provide blockchain technology services to Mavericks Renewables, Girard Newkirk, CEO and founder of KWHCoin, said in an email.

“KWHCoin blockchain technology will be used for energy tracking, renewable energy verification, carbon offset tracking, virtual power plant network security and energy asset management,” Newkirk said. “KWHCoin and Mavericks Renewables will also partner in order to develop full-scale renewable energy projects including solar, wind, electric vehicle charging stations, biodigesters and other energy as service models.”

Biodigesters convert waste into energy, according to the University of California Division of Agriculture and Natural Resources.

Mavericks Renewables is a renewable energy finance and development company, according to its website.

It provides funding for renewable energy projects, designs virtual power plants and develops carbon-neutral communities, Newkirk said.

Virtual power plants are made up of solar panels, batteries and computer software that store excess power and release it to buildings or the energy grid when needed, according to Mavericks Renewables.

Mavericks also assists municipalities, businesses and manufacturers with lowering cost of energy and building sustainable, net-zero developments, Newkirk said.

The partnership originated from a relationship between KWHCoin and Bill Shevlin, founding partner and CEO of Mavericks Renewables, who was initially an adviser for KWHCoin.

Newkirk said both companies have the mission to transition into a green energy future and a focus on lowering the cost of energy and making existing infrastructure more efficient and sustainable.

The partnership will allow KWHCoin to provide end-to-end energy solutions for renewable energy projects, he said.

“Whether it is rooftop solar, energy storage, biodigesters or windmills, we now have the capability to develop projects here in the Cape Fear region and all across the world,” he said.

KWHCoin, which is housed at tekMountain and has three employees, will be able to grow through this new affiliation, Newkirk said.

“This partnership is significant because it transitions KWHCoin from a blockchain startup to an end-to-end renewable energy services firm that can provide a host of services here in the Cape Fear Region,” he said. “It also gives us the operational capabilities to scale globally.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Untitleddesign2 4523114356

Cybersecurity and Productivity: Striking the Perfect Balance for Business Success

Barrett Earney - EarneyIT
Jimheadshot

The Wilmington Construction Market: Trends, Recognition, and Challenges

Jim Hundley - Thomas Construction Group
Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech

Trending News

Conservation Group Signs $8M Deal To Buy The Point On Topsail Island

Audrey Elsberry - Mar 26, 2024

Rezoning Could Bring 123 Townhomes To Growing Leland Corridor

Emma Dill - Mar 25, 2024

N.C. Ports Officials React To Baltimore Bridge Collapse

Audrey Elsberry - Mar 26, 2024

Engineering Firm Hires Four Employees

Staff Reports - Mar 26, 2024

National Organization Bestows Top Award On Cape Fear Professional Women In Building

Staff Reports - Mar 26, 2024

In The Current Issue

MADE: Polyhose Inc.

Polyhose manufactures and fabricates hose protection, paint hose assemblies and rubber hydraulic assemblies from its Pender County facility....


Topsail-area Realtors Share Updates

Pender County Realtors recently shared updates about the coastal market at an event hosted by the Wilmington-Cape Fear Home Builders Associa...


INFO JUNKIE: Jack Fleming

Jack Fleming, owner of Socialry Marketing & Scourz and emcee for 1 Million Cups Wilmington, shares his media and tech picks....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2023 Power Breakfast: Major Developments