Month: October 2021

ABCO Energy Announces Contract for Irrigation Canal Solar Project

Posted: October 29 2021

Tucson, Arizona–(Newsfile Corp. – October 28, 2021) – ABCO Energy, Inc (OTC Pink: ABCE) announced that the Company has been selected and has signed a contract for development and engineering consulting for an experimental solar project that is being built over irrigation and water supply canals. The developer of this project is Tectonicus Constructs, LLC and its President, Benjamin Lepley. ABCO, the subcontractor, is presently completing the first project at the University of Arizona Biosphere with a simulated canal system similar to the rendering below.

Irrigation Canal Solar ProjectThis is a rendering of the solar canal system suspended over an aqueduct

Shading irrigation canals with solar panels could save a quarter of a billion cubic meters of water annually in drought-prone California alone, a new study suggests. Based on past studies of the effects of shading, installing solar panels above the canals would save 39,000 cubic meters of water per kilometer every year in California, the researchers report in Nature Sustainability.

In another article, pilot studies in India have shown that so-called “solar canals” have potential benefits from the creation of a cooler microclimate that increases the efficiency of certain types of solar panels. Combining irrigation and renewable energy installations is also an efficient use of space, reducing the pressure on agricultural and natural landscapes. The Indian Studies concluded that the canal arrays were more costly than ground mounts, but once water conservation, increased electricity production, reduced land costs, and savings on aquatic weed maintenance are taken into account, the cable-mounted solar canal design comes out ahead. The cable-over-canal panels are a 20-50% better investment than conventional ground-mounted solar, the researchers calculated.

“ABCO and its entire staff are excited to be involved in this project and hope the experiment creates that type of savings indicated in the above simulations. To our knowledge, the ABCO Techtonicus Biosphere project is the only project of its kind that is actually being constructed and whose information will be forthcoming from a real model. Since we have been involved in the construction and design of this project, we have been invited to bid on over 800 KW of other solar canal projects in Arizona” said David Shorey, president of ABCO Energy. “Arizona has hundreds of miles of canals to build on and a very drought prone state to gain from the savings of water evaporation.”

About ABCO Energy
ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services. ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona. ABCO is a fully reporting public company trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.

Safe Harbor Statement
Note: Certain statements in this news release may contain “forward-looking” information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-5 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this press release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ABCO undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

Contact ABCO ENERGY: info@abcoenergy.com, Phone 520-777-0511

ABCO Energy Announces Results of Operations for June 2021

Posted: October 19 2021

ABCO Energy, Inc (OTC Pink: ABCE) Tucson, Arizona (October 19, 2021) announced Tuesday October 19, 2021 that they had filed their mid-year 10Q report with the SEC and was posted on the Over The Counter Markets website.  The results of operations reported therein shows that sales increased to $768,399 for the six months ended June 30, 2021 compared to the $522,031 for the same six months period ended June 30, 2020.  This is an increase of $246,368 or 47% above the 2020 sales. The Solar sales revenue in 2021 and 2020 reflected seasonal and changing market conditions in the financing of solar installations in the Arizona markets and the effects of the COVID-19 Pandemic.

ABCO’s cost of sales for the six months ended June 30, 2021 and 2020 was $453,439 and $434,320 respectively.  Gross margins were 41% of revenue for the first six months ended June 30, 2021 compared to 17% of revenue for the six months ended June 30, 2020.  During 2021 and 2020 we have been offering new products and have found our market prices for steel parking structures have added gross margins higher than usual.

The combination of significantly greater sales and higher profit margins decreased the loss for the six months ended June 30, 2021 to $(49,183) as compared to $(371,205) for the six months ended June 30, 2020, respectively.  This is an increase of $322,022 or 42% of sales revenue.

“We are very proud of our production and sales staff for the accomplishments of the first six months of 2021,” says David Shorey, President, “especially because we are still locked in the horns of the COVID 19 pandemic.  We also have many accolades for our administration staff who have maintained our stock price over the past three months.  This has positioned us to once again qualify for a listing on the OTCQB in the near future”.

About ABCO Energy
ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services.  ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona.  ABCO is a fully reporting public company trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.

Safe Harbor Statemen
Note: Certain statements in this news release may contain “forward-looking” information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-5 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this press release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ABCO undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

 

Contact ABCO ENERGY: info@abcoenergy.com Phone: 520-777-0511