Solar Alliance Energy Inc. (TSX-V: SOLR) is pleased to announce it has signed a Letter of Intent  with NuYen Blockchain Inc. for the design, engineering and construction management of a 3.84-megawatt ground and roof mount solar project in Murphysboro, Illinois. The project, located at the NuYen data centre facility in Murphysboro, would be the Company’s largest to date and is equivalent to building 750 average-sized residential solar systems.

“This project is a great example of the positive benefits of solar energy for data centres and commercial operations that want to reduce their electricity costs and offset their fossil fuel use,” said CEO Myke Clark. “This project also illustrates success our team is experiencing in building out our project pipeline. This agreement comes as we are close to completing the construction of a 2.4 MW for a Fortune Global 500 company in the Southeast U.S. One of our goals for 2019 is to sign agreements to build an additional 2-3 large scale solar projects and this is a large step on that path. Combined with our innovative SunBox residential product, we are excited at the prospects for growth in 2019,” concluded Clark.

“NuYen Blockchain Corporation is very proud and excited to be involved in the construction of a 3.8 MW of solar energy enabling it to effectively reduce its costs and energy footprint”, said NuYen President Greg Costello. “NuYen plans on continuing its solar expansion over its future data centre and blockchain developments and to do its very best to minimise and manage its fossil fuel usage moving forward.”

Solar Alliance sees long term, sustained growth occurring in the commercial solar market and the new home residential solar market. The Company has focused its resources on three business units: large scale commercial, mid-sized commercial and SunBox. In addition to the Company goal of signing 2-3 large scale commercial projects in 2019, Solar Alliance is also targeting an expansion of our commercial sales team to realize a 50% increase in sales of small- to mid-sized commercial solar projects and fully launching the SunBox residential product. Achieving these goals in 2019 would result in a material increase in revenue.

About NuYen Blockchain

Specializing in digital assets that monetize the blockchain ecosystem, NuYen Blockchain is a full-service, cryptocurrency solutions provider that is challenging and disrupting the financial status-quo by leading the way for a decentralized currency economy. From the procurement of key technologies including state-of-the-art mining facilities, to offering OTC market services and an expert research and development consultancy, NuYen Blockchain is committed to its mission of becoming a global leader of blockchain-based technologies by 2020.