You needn’t be an environmentalist to get excited about clean and alternative energy sources; the most brazen and callous investor who wears fur, while eating shark fin soup and foie gras, while trading from the back seat of a Hummer driven by a 14 Malaysian child being paid pennies a day loves alternative energy as well. Just look at Cleantech’s move today when they announced plans to continue their investment in and management of biomass power plants.
To say that coal burning power plants are not the direction the world needs is an understatement and investors as well as anyone who has been to China are keenly aware of this fact. Following the Japanese tsunami, and subsequent near catastrophic nuclear disaster, even the biggest proponents of nuclear power have been given pause. In addition to simple responsibility and a desire for a cleaner planet, the aforementioned reasons have had no small part in seeing biomass growth estimates being upgraded in the last year. In 2010, electricity produced by biomass power plants was valued at $45 billion, conservative estimates put biomass electricity estimates at $53 billion by 2020, though over the last year a number of energy newsletters and trade publications have suggested this could reach as high as $60 billion.
Biomass electricity production is, at its simplest, the conversion of waste, wood, garbage, landfill gases, and alcohol fuels, often through treatment and by direct combustion, into electricity. It’s a two-fold solution that many see as the future, or a large part of it based on geography. Satisfying a need for electricity while eliminating waste from landfills or large timber companies is a reason for excitement.
Cleantech has enjoyed a wealth of measured success with their 500 KW biomass plant in Merced County, CA of which they are presently in the process of securing 40% ownership of the plant from their existing 25%. Additionally, in early April of this year they passed their first clean-air inspection and announced that their production exceeded their expectations peaking at 640 KW. An increase of 28% over their initial production estimates that many thought undeliverable.
On the heels of two press releases earlier this week, Cleantech has seen significant gains in their stock price. Each press release emphasized Cleantech’s focus on biomass and their entrance into larger power plants (1MW/2MW) through existing partnerships. It is Cleantech’s hope and belief that these additional plants will provide a revenue stream that will see them viewed as a global leader in biomass power plants worldwide.
While skeptics have pointed out that recent promotions and the contracting of a PR firm for a $20,000 fee for three days work are more responsible for recent stock increases, rather than sound financials, Cleantech Transit IS lighting up OTC watch sites while cleaning up others backyards. As always, further research is required before any investment and the following links are a good place to start.
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.
