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ALYI Targets $100 Billion In Anticipated Investment Announcing New York Licensed Hemp Energy Storage Research Facility
Source: InvestorsHub NewsWire
ALYI Targets $100 Billion In Anticipated Investment Announcing New York Licensed Hemp Energy Storage Research Facility
Dallas, TX -- March 8, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced a license in the State of New York to grow hemp. The company has secured acreage in New York to grow and house the facility where hemp bast will be harvested for conducting further research within in the company’s hemp energy storage imitative. ALYI launched its hemp energy storage initiative late last year when the company brought Clarkson University Professor David Mitlin on board to lead a hemp energy storage initiative. Mitlin has successfully used hemp bast - the fiber left over from processing hemp - to construct carbon nanosheets that compete with, and in some respects, outperform the supercapacitor performance derived from more typical graphene nanosheets. Mitlin holds a US patent for his proprietary hemp energy storage technology.
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Bloomberg New Energy Finance forecasts that the global energy storage market will “double six times” from 2017 levels to 2030, from than 5 gigawatt-hours last year, to more than 300 gigawatt-hours and 125 gigawatts of capacity by 2030. An estimated $103 billion will be invested in energy storage over that time period. ALYI management believes hemp energy storage is a strong candidate for receiving a fair portion of the anticipated investment.
ALYI has engaged the services of Nouveau (USOTC: NOUV) (“NOUV”) to manage the hemp farming operations. Puration, Inc. (USOTC: PURA) (“PURA”) recently spun-off its cannabis cultivation operation to NOUV.
