From GlobeNewswire: 2024-12-02 07:00:00

Solar Alliance Energy Inc. announces unaudited financial results for the three and nine-month period ending September 30, 2024. Revenue for Q3 2024 was $945,303, a 61% decrease from the same period in 2023. Total expenses were $590,115, resulting in a net comprehensive loss of $177,009. Cash balance as of Sept 30, 2024, was $15,512.

The company signed a $3.7 million Kentucky customer contract for 1.5MW of solar energy. An initial payment of $1.7 million has been received. The project is expected to be completed within three months. Solar Alliance aims to target larger contracts in the Southeast U.S. region to improve profitability and growth.

AESSEAL completed a solar and battery storage system in Tennessee, integrating a 0.5MW rooftop solar panel installation with a 500kwHrs battery for reduced energy costs and increased power supply certainty. Solar Alliance demonstrates capacity to execute complex renewable energy contracts for corporate customers, emphasizing cost control and growth strategies.



Read more at GlobeNewswire:: Solar Alliance continues in its pursuit of larger renewable