$GEGI purposed loan up to $750,000 from 40 Brightwater, LLC, is part of a larger financial arrangement between ,Clear Rock Sustainable Energy, Inc. (Clear Rock Energy) and 40 Brightwater, LLC made for the purpose, in part, to establish an expanded business relationship between Genesis Electronics Group, regarding its Glid autonomous road-to-rail patent-pending shipping technology and Clear Rock Energy to develop new business opportunities in Mexico, Nigeria, South Africa and Zimbabwe, where Clear Rock Energy has subsidiaries and business relationships, for purpose of securing new global markets for Genesis Electronics Group’s Gliders.
Genesis Electronics Group’s Glid Joins The Teaming Partner List for ARPA-E's Potential Upcoming Program on Intermodal Freight Modeling
Glid will be joining a team consisting of large corporations, legacy companies, college institutions, research facilities, scientist, engineers, and the most brilliant minds in rail to road electrification and safety enhancements in the United States of America. They are hopeful that their transformative, autonomous road-to-rail hardware and safety solution accompanied by their fleet software and service can support in the development and adoption of a better way to move freight.
“We are excited to join and contribute on a team dedicated to improving the intermodal eco-system for a better tomorrow, now!” Continued Kevin Damoa, CEO, Genesis Electronics.
U.S. Department of Energy Announces $10 Million to Study Optimal Intermodal Freight Transportation System
$GEGI (DOE) announced up to $10 million in funding to model the low-carbon intermodal freight transportation system of the future, in order to minimize emissions and maximize resiliency. Projects will seek to model the optimal deployment of energy infrastructure and logistics for moving goods across maritime, rail, and road transportation. The funding is part of a new Advanced Research Projects Agency-Energy (ARPA-E) Exploratory Topic, which echoes the goals set forth by President Biden to meet our nation’s decarbonization timeline. Other government, academic, and private modeling efforts have targeted portions of the freight system, but none so far have addressed its deeply interconnected nature, including the challenges and opportunities intermodal transportation presents. Considering the interwoven yet fragmented nature of logistics and freight transportation, with limited data sharing, misaligned incentives, and many different stakeholders, there is a need for top-down modeling efforts that cross intermodal boundaries.
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