Among the many stocks which recorded significant gains yesterday, the Triad Pro Innovators Inc (OTCMKTS:TPII) stock was one of them and it ended the day with gains of as much as 18%. The company is involved in the development of devices for electricity storage and are made by deploying its Triad Pro eCell technology.
Yesterday, the company announced that it was working on an energy storage product that will deploy Triad eCell and will help with storage of extra energy from renewables as well as other sources. It goes without saying that the announcement from the company was a significant one and the reaction from investors reinforced that point.
The necessity for effective energy storage solutions has never been more and it is understandable considering the steady rise in the energy that is being consumed by cryptocurrency mining in different nations.
After the end of crypto mining in China not too long ago, the mining operations have gone up considerably in the United States and has led to a rise in costs of energy as well when demand is at the highest. Triad Pro Innovators is looking to store energy during those periods when the production of renewable energy is at its highest.
