Press Release: Newchip Accelerater
FOR IMMEDIATE RELEASE: November 10, 2021
Robert R. Anderson, Jr.
Solar Intermodal Corporation
SOLAR INTERMODAL CORP. Chosen for Newchip’s Seed-Stage Global Accelerator Program
“Solarizing” freight trains and trucks, SOLAR INTERMODAL CORP. among top applicants selected for Newchip’s exclusive accelerator
Roseland, NJ, November 10, 2021, SOLAR INTERMODAL CORP. is a research and development company specializing in the placement of solar energy panels in previously untenable places, including on intermodal rail cars and truck trailers. Its mission statement is to facilitate the transitional economy from carbon-based fuels to the “new climate economy” through the simple implementation of zero-emission technologies in industrial and commercial applications for climate sustainability and reduced fuel costs by connecting yesterday with today to power tomorrow….
SOLAR INTERMODAL CORP was accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools seed-stage founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 1,000 founders from 35 countries raise over $300 million in funding.
“Newchip evaluates a vast and diverse number of companies from across the globe, selecting only a small percentage to be part of our Seed Accelerator program,” says Armando Vera Carvajal, Vice President of Product at Newchip. “This careful vetting process of both the business model and founder makes us an ideal partner for venture capital investors and other key stakeholders in early-stage startup financings who are looking for promising startups. Renewable energy infrastructure companies like SOLAR INTERMODAL CORP. can scale quickly with proper funding and guidance. We are excited for SOLAR INTERMODAL CORP and believe they will do well at Newchip.”
Launched in January of 2021, SOLAR INTERMODAL CORP. is on a mission to make diesel fuel a backup energy source of land freight logistics by connecting yesterday with today to power tomorrow. Since launching the company, it has raised founder’s equity, filed a PCT patent, applied for a grant from the National Science Foundation, and is fully qualified under Reg A+ Tier II for a $5 million common equity offering, which is currently ongoing, please see and read the offering circular at https://invest.solarintermodal.com/
Being part of the Newchip Accelerator, we are looking forward to breaking escrow and adding to our team in the pursuit of building the full scale prototypes for customer demonstrations, says Robert R. Anderson, Jr. Founder and CEO. Full scale prototypes have been a specific request by two of our primary customers, a testament to both interest and practical functionality.
SOLAR INTERMODAL CORPORATION was organized under the laws of Delaware. Originally formed on January 1, 2021, it has been exclusively conducting research and development activities regarding its inventions. Prior to the incorporation of the company, Mr. Robert Anderson was developing the ideas and core designs fundamental to its operations for 20 years. Since its creation, Mr. Anderson has directed its efforts to the development of its signature product, the SBU system, with designs to prove the functionality of its concepts. To date, the company has developed the designs for experimental full scale prototypes. The intensions are to develop full scale prototypes and conduct extensive data collection and analysis. This will include collection of the effectiveness of such designs with respect to energy generation and efficiency. The company intends to develop a research, development, and manufacturing facility to market its products. Solar Intermodal serves markets in transportation efficiencies, renewable energy generation, and real estate that support zero-emission energy production and green hydrogen production.
Solar Intermodal’s SBU system is designed around the overall standardization of the global intermodal cargo container system. In essence, the company has developed several designs whereby solar panels can be effectively and safely mounted to standardized intermodal containers.
Cargo shipping containers are essential to global commerce. The exposed surface area of each container makes them ideal for the affixation of solar panel arrays. The North American intermodal transportation system is enormous, causing a tremendous amount of fuel consumption.
The obvious reason for mounting solar panel on the railcars is for power generation. Almost all of the locomotives in the world are driven by electric motors, as powered by diesel engines. In this case the diesel engine is acting as the “prime mover” which in turn powers the “electric generator”. The electric generator in a locomotive is usually a diesel engine, which after electrical generation powers the electrical “traction motors” which has contact with the rail, driving the locomotive.
While in motion, solar panels, as mounted on the SBU, will supplement the electrical Traction Motors power demands directly using electricity generated by the solar panels. The solar panels can charge battery banks which in turn drive electric traction motors or work in parallel with the generator.
While the locomotive is not in motion, power production can occur while the vehicle is sitting idle in the yard or in motion, regardless of the primary power plant fuel source. This electricity can in turn be sold back to the local electrical utility grid.
SOLAR INTERMODAL CORP. seeks to reduce diesel fuel consumption in freight transportation vehicles by dividing electrical loads with zero-emission renewable energy by continuously charging battery banks of newly developed locomotive hybrids, battery-powered locomotives, and electric semi-trucks. Much of the machinery within locomotives operates on 3-phase 480 volt alternating current to feed the demanding inductive loads of large electric motors. Standard traction motors on locomotives and newly designed electric trucks on the market also use the same electric characteristics, with the help of high frequency computerized controls. Most, if not all, are powered by diesel fueled electric generators.
Mounting an SBU on the containers requires the same loading and unloading equipment currently in existence and used today by railcar loading docks. Because it utilizes the same loading equipment, there are very few barriers to practical integration of the SBUs into existing railroad infrastructure.
The potential size of the zero-emissions market is immeasurable. Diesel fuel is used around the world for a wide variety of industrial and commercial applications. It is a significant cost to freight operators and the main source of greenhouse gas emissions. Cutting the cost of using diesel fuel for these operators is the most attractive feature in their adoption to transitioning to the use of zero-emission power. Secondarily, the train operators will be able to generate revenue from the sale of excess electricity to the electric utility grid while SBU-equipped railcars are sitting idle in a rail yard.
SOLAR INTERMODAL CORP intends to lease or purchase real estate in the United States, to function as a research and development, manufacturing, and power generation site. It has modeled possibilities on the initial site and intends to place a utility-scale solar farm on the property. This is in conjunction with SBU research and development and manufacturing operations. Solar Intermodal will be acquiring large inventories of solar panels for installation and use for its SBU systems. As the company increases its inventory of panels, the company intends to install, for the purpose of solar power generation, the excess panels on company property and at third-party satellite locations such as industrial buildings, rail yards, and freight yards.
The demand for the solar-generated electricity derives from both government incentives and utility company clean energy purchasing requirements. The clean zero-emission solar-generated electricity produced will be sold back to the local electric utility grid, generating revenues.
A model site for lease or purchase by Solar Intermodal includes a connection to a rail line. The connection to a rail line will permit the company to receive and install SBUs on containers and railcars, before delivering the SBU-outfitted containers and railcars back to the railroads. The cars will generally stay static on company property for some time before delivery to the rail operators. It is the intention of the company to outfit these static railcars and container with the SBUs, using the power generated as the containers sit in the rail yard for solar-energy generation activates, including sale of the energy back to the electric grid and hydrogen generation activities. An industrial sized battery storage facility and green hydrogen production facility may be powered by these panels on site. When railcars or containers are needed by the rail operators, they are simply disconnected from the company electrical grid and sent on their way.
The company property may also install arrays of permanently mounted solar panels throughout the facility, including within trenches located between parked rail cars to reflect light onto the SBU equipped containers or railcars. The intended model site must meet at least two criteria (1) the site must have a rail yard with access to the service line; and (2) a sufficient connection to the electrical utility grid.
Ancillary and complimentary to the power generation activities on the company property, the Solar Intermodal intends to place hydrogen production facilities on the site. Hydrogen production is relatively simple in its concept. The company intends to use the process of electrolysis to manufacture hydrogen on a commercial scale, using the on-site solar electricity generation to fuel the electrolysis process. Solar Intermodal hydrogen production facilities will be located on its planned model sites and use utility scale solar panels and the SBU System equipped rail cars and tractor trailers to power commercial grade electrolyzers. Clean electric power is also stored in commercial sized battery storage banks. To prevent battery overcharge, excess power is also diverted to the commercial grade electrolyzers to produce green hydrogen.
The United States Energy Information Administration characterizes hydrogen production in the following manner:
“Electrolysis is a process that splits hydrogen from water using an electric current. Electrolysis is commonly used to demonstrate chemical reactions and hydrogen production in high school science classes. On a large, commercial scale, the process may be referred to as power-to-gas, where power is electricity and hydrogen is gas. Electrolysis itself does not produce any byproducts or emissions other than hydrogen and oxygen. The electricity for electrolysis can come from renewable sources such as hydro, solar, or wind energy. If the electricity for electrolysis is produced from fossil fuel (coal, natural gas, and petroleum) or biomass combustion, then the related environmental effects and carbon dioxide emissions are indirectly associated with electrolysis.”
The electrolyzers are powered by electricity generated by a zero-emission source (solar panels) therefore placing SOLAR INTERMODAL CORP in the forefront of the rapidly growing hydrogen manufacturing industry. Solar Intermodal intends to utilize third-party contractors to manufacture, store, and distribute the hydrogen produced using the company’s equipment on the company’s site.
Newchip is an online, global startup accelerator, led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has helped over 1,000 founders from 35+ countries raise over $300 million in funding. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more visit https://launch.newchip.com/.
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words “may,” “should,” “would,” “will,” “could,” “scheduled,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek” or “project” or the negative of these words or other variations on these words or comparable terminology. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances, and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates, and assumptions, and are subject to several risks and uncertainties and other influences, many of which the Company has no control.
Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Securities offered through Dalmore Group, LLC, registered broker dealer of record, member of FINRA (www.finra.org), member of SIPC (www.sipc.org).