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Bitech Technologies Corp. (OTCQB: BTTC) has appointed Montgomery Bannerman as an Independent Director, adding over 35 years of expertise in energy and telecommunications to its Board. Bannerman, a seasoned leader with roles as CEO ArcStar Energy, and CEO of Verso Technologies (NYSE: VRS), brings valuable experience in renewable energy infrastructure. His background in developing large-scale renewable energy networks, including microgrid projects with MicroGrid Networks, aligns with Bitech’s strategy to expand Distributed Energy Resources Interconnections (DERI) and Distributed Photovoltaics (DPV) in key regions throughout the US.
Distributed Energy Resources (DER) represent an innovative approach to energy generation, consisting of small-scale power units that operate locally and connect to broader power grids. These systems, which include solar panels, small natural gas generators, electric vehicles, and controllable loads like HVAC systems, are typically consumed close to their source, enhancing grid efficiency and sustainability. As investments in DERs in the U.S. are projected to exceed $110 billion by 2025, they are anticipated to play a crucial role in reducing grid congestion, enhancing resilience, and supporting regulatory compliance.
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Bitech’s initiatives are geared toward optimizing the DERI process, addressing both technical and regulatory challenges to create a more efficient and resilient energy infrastructure. The company is also advancing smart power applications for emerging “Smart Cities,” positioning itself at the forefront of sustainable urban infrastructure.
Mr. Bannerman’s appointment underscores Bitech’s commitment to accelerating its mission in next-generation energy solutions, reinforcing the company’s capabilities in a dynamic energy landscape. With his extensive background and insights, Bannerman is expected to be instrumental in guiding Bitech’s path forward as a leader in the renewable energy and smart grid sectors.