Senmiao Technology Signs LoI With Energence Power For Proposed Strategic Partnership Framework With Staged $5M Development-Capital Investment Directly Into Energence Utah
The Energence Utah development is being advanced by Energence Utah, with Elio Energy Group, through its development company, Elio Energy Development LLC (collectively, "Elio"), engaged as the project's
Senmiao Technology agreed to invest $5 million into a power project in Utah over time, which shows they're trying a new business direction. Watch whether this project actually starts and moves forward, since that will tell you if this partnership idea works out.
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