- Olenox Industries Inc. and Wildboy Industries, Ltd. are operating on the Nasdaq exchange, seeking to expand energy resources and infrastructure using assets located in northern British Columbia.
- Olenox announced from Conroe, TX that both British Columbia and West Texas hold potential energy resources.
Olenox evaluates natural-gas platforms in British Columbia and Texas for power expansion
What happened
Olenox Industries Inc. is evaluating its Wildboy natural-gas platform in British Columbia and its Pecos-area energy platform in Texas. This evaluation is part of a gas-to-power-to-compute strategy aimed at establishing lower-cost electricity. If feasible, Olenox targets an electricity rate of $0.015 per kilowatt-hour, which would be a 75% reduction from current operating rates.
From tennesseedaily.com
Why it matters
The strategy seeks to capture more value by connecting its expanding energy platform with its established mining business. Achieving this significantly lower electricity rate could provide a major operating advantage for Olenox Industries Inc.
Olenox Industries Inc. and Wildboy Industries, Ltd. are operating on the Nasdaq exchange, seeking to expand energy resources and infrastructure using assets located in northern British Columbia.
From tennesseedaily.com
Who's involved
- British ColumbiaLocation of the Wildboy natural-gas platform being evaluated.
- TexasLocation of the Pecos-area energy platform being evaluated.
- BC HydroCrown corporation in British Columbia that might face market competition.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BC HydroSpeculative
BC Hydro might face market competition from Olenox Industries Inc.'s potential low-cost power generation, affecting its market prices.
Keep exploring
The entities involved
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British Columbia
province of Canada
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Texas
state of the United States of America