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KYLE, Texas - XCharge North America, a subsidiary of XCHG Limited (NASDAQ:XCH), announced Thursday the introduction of its Energy Asset Vault, a blockchain platform designed to convert large-scale energy projects into digital assets with verifiable performance data. The company, currently valued at $67.18 million, maintains strong financial fundamentals with a healthy current ratio of 2.08 and more cash than debt on its balance sheet, according to InvestingPro data.
The platform will represent utility-scale solar farms, grid-scale battery storage, and EV charging networks as blockchain-based tokens, allowing investors to track key performance metrics such as output, uptime, and revenue through real-time digital monitoring.
XCharge is initially allocating $10 million from its treasury and planned capital market activities to launch the platform, with plans to expand through partnerships with liquidity providers, blockchain networks, and secondary market integrations.
"Global energy demand is climbing to record highs, driven by AI, electrification, and data center growth," said Simon Hou, Founder and CEO of XCharge, according to the company’s press release. "Tokenizing energy assets allows us to connect global capital directly to the projects powering that demand."
Following the launch, XCharge plans to begin pilot projects with select partners to tokenize live energy assets, stream real-time performance data to the blockchain, and enable participation for eligible stakeholders.
The company claims the platform will make smaller, stablecoin-based ownership stakes possible, potentially lowering barriers for global participants interested in energy infrastructure investments.
Founded in 2015, XCharge specializes in integrated EV charging solutions, including DC fast chargers and battery-integrated charging systems.
The company noted that participation in the Energy Asset Vault may be subject to jurisdictional eligibility requirements and is not available in all markets.
In other recent news, XCharge North America has successfully installed two dual-dispenser GridLink chargers at a new electric vehicle charging depot in Riverside, California. This facility, operated by Gateway Fleets, is designed to serve medium-duty fleets and independent FedEx operators. The GridLink chargers are equipped with battery-integrated technology, which stores 430 kWh of energy collected during off-peak hours. This technology enables charging during peak times without incurring higher demand charges, thus reducing overall energy costs. These recent developments aim to provide reliable charging solutions for last-mile delivery vehicles. The strategic deployment of these chargers highlights XCharge’s continued efforts to enhance electric vehicle infrastructure.
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