Allied Energy Corporation (OTC: AGYP) Signs Strategic MOU with Green Rain Energy Holdings (OTC: GREH) to Convert Stranded Gas into Power for Texas-Based EV Charging Infrastructure

Core Viewpoint - Allied Energy Corporation has signed a Memorandum of Understanding (MOU) with Green Rain Energy Holdings Inc. to supply natural gas for electric vehicle (EV) charging stations across Texas and other high-growth U.S. markets, marking a significant step in integrating traditional energy with electrified transportation [1][5][7]. Group 1: Partnership and Strategic Goals - The MOU aims to transform stranded and underutilized natural gas resources into sustainable energy for high-speed EV infrastructure, positioning Allied Energy at the forefront of Texas's energy transition [5][6]. - The partnership is expected to leverage over $400 million in NEVI funding to support the projected 1 million EVs on Texas roads by 2030, addressing grid constraints through localized power generation [5][6][7]. Group 2: Economic and Environmental Impact - The initiative allows Allied Energy to generate recurring revenue in the $120 billion+ EV charging market while promoting decarbonization and aligning with Texas's energy independence and carbon reduction goals [5][11]. - The MOU is designed to facilitate rapid deployment of Level 3 DC fast chargers along key corridors, bypassing lengthy grid interconnect timelines [7][8]. Group 3: Company Overview - Allied Energy Corporation specializes in acquiring and optimizing oil and gas reserves, focusing on reworking existing wells to enhance production and recovery efficiency [9][12]. - The company aims to utilize updated technologies such as hydraulic fracturing and horizontal drilling to maximize output from mature oil and gas fields, which are often overlooked by other companies [9][12].