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Antelope Enterprise Announces First Phase of Planned Energy Production Sold Out
October 18 2024 - 7:30AM
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Antelope Enterprise Holdings Limited (NASDAQ Capital Market: AEHL) (โAntelope Enterpriseโ, โAEHLโ or the โCompanyโ), the majority owner of Hainan Kaylin Cloud Services Technology Co., Ltd (โKylin Cloudโ), a provider of energy infrastructure solutions through natural gas power generation, and the majority interest owner of KylinCloud, a livestreaming e-commerce business in China, today announced that its first phase of its planned supply project in Midland, Texas, has been sold out. The Companyโs energy supply project will be further developed to increase its power generation output.
Will Zhang, CEO of Antelope Enterprise, commented โWe are pleased to announce that our first phase of 9 MW of electricity generation has been sold out. Natural gas can achieve significantly higher thermal efficiencies than other fossil fuels and considered a reliable fuel source allowing for consistent power generation with predictable output.โ
โWe believe that there will be additional strong demand for energy due to the growth of AI data centers and computing power centers in the US, and we plan to implement additional energy production in the coming periods,โ CEO Will Zhang concluded.By