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should get some news at some point this week imo, today would be perfect for the run
Posts: 3257 | From: usa | Registered: Nov 2008
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nice open here above the ask and green, let's start steadily moving back up here today
Posts: 3257 | From: usa | Registered: Nov 2008
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can't wait for the grant approval info to be accessible through government websites, that is when we should really see some new investors here and good volume
Posts: 3257 | From: usa | Registered: Nov 2008
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volume coming in nicely now at both bid and ask, should see an uptick here soon imo
Posts: 3257 | From: usa | Registered: Nov 2008
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always nice to see a company that is not only helping the world with alternative energy but they're helping the economy as well by creating jobs with this new solar park, should be a win-win for all involved
Posts: 3257 | From: usa | Registered: Nov 2008
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with the 750 million to be generated from the solar park, we should see a substantial increase in pps as it is being built and operated
Posts: 3257 | From: usa | Registered: Nov 2008
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The solar park is not SYMW, it is ..... Solar Energy Initiatives Announces Securing Land to Build a 300 Megawatt Solar Park in West Texas Wednesday 07/29/2009 8:30 AM ET - Businesswire
Related Companies Symbol Last %Chg SNRY 0.47 5.62%
As of 2:52 PM ET 8/4/09 --The Solar Park Will Be the World's Largest Non-Utility Owned Solar Park to Be Created in the Americas
Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, "RENEW THE NATION", to help redeploy a portion of the U.S. work force and focus on reducing the world's dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that the Company signed a contract securing land for the design, construction and operation of a solar park in west Texas. A Limited Liability Company will be formed to own, finance and operate the solar park. Solar Energy Initiatives will sell the solar panels and balance of system to the LLC, generating as much as $750 million in revenue within a 6 year time period. During the first year of development, the project will generate over $100 million in sales. The revenue approximation is solely based on the sale of the solar panels and does not account for the sale of generated electricity.
Construction of the 300 megawatt system represents the largest non-utility owned solar park to be created. Preliminary work, including zoning, permitting, EPA approvals and other activities will begin immediately with construction set to begin in the next 18 months. The project will be constructed in various increments over the six year time frame. At full capacity, the solar park could generate enough green renewable energy to displace approximately 700,000 metric tons of carbon emissions, annually, that would have otherwise been produced by non-renewable power generation. The project could produce enough energy to provide power to approximately 60,000 homes.
"Solar Energy Initiatives is thrilled to have secured such a monumental contract," stated, David Fann, Chief Executive Officer of Solar Energy Initiatives. "The size and scope of this venture represents a significant milestone in establishing the Company as a true market leader within the rapidly expanding solar deployment sector. It is an incredible testament to our management team and Board of Directors that we have been successful in securing the contract to build the largest non-utility owned solar park."
Mr. Fann continued, "As we continue to attract additional funding for these projects from our partners we will bid on new projects that make strong economic sense for our Company. The deployment of these large scale projects will enhance our ability to negotiate panel prices with solar panel providers which will enhance our overall margins and drive our profitability. Management believes that the signing of the solar park contracts will assist us in working with additional municipalities and land owners to obtain additional contracts, increase our earnings and achieve our primary goal of improved shareholder value."
About Solar Energy Initiatives, Inc.
Solar Energy Initiatives, Inc. (www.SolarEnergy.com) is executing its "RENEW THE NATION" campaign, intended to promote job growth nationwide via an aggressive grass roots effort. The main focus of RENEW THE NATION will be working with companies in the construction industry and related trades affected by the economic downturn to re-train and re-deploy their workforce, allowing this important national asset to meet the needs of the Solar Energy industry, the fastest growing industry in the world. We are executing on a three-pronged approach to achieve our plan. This includes: continuing development of one of the fastest growing dealer networks in the U.S. that sells and installs solar solutions to homeowners and commercial customers; placing solar systems on large commercial buildings and selling the energy output to the owner/occupant(s); and becoming a developer of solar parks bringing together landowners, utilities and our corporate resources to build large photovoltaic installations.
The Company's dealer network of solar energy installers has access to Suntech Power Holdings Co., Ltd. (NYSE:STP), BP Solar (NYSE:BP) and GE Solar (NYSE:GE) equipment via its distribution agreements. While Solar Energy Initiatives is not a solar franchise, and the Company does not compete directly with industry giants such as First Solar (NASDAQ:FSLR), Kyocera (NYSE:KYO) or Sanyo (OTC:SANYY), as a system integrator, it provides exciting and practical solutions to businesses and individuals worldwide that understand the value of solar power.
HET, which owns the exclusive rights to a unique flat-plate rechargeable battery technology, has informed SymPowerco that it has successfully completed Phase I of a study to determine the feasibility of mass producing its battery technologies and to determine the feasibility of constructing a high speed manufacturing facility at a certain location for the world market.
In addition, HET has advised SymPowerco that it has begun design and construction of various prototype flat-plate battery configurations that will be made available to its existing and potential customers for design and testing purposes.
SymPowerco President and CEO, John Davenport, commented, "SymPowerco owns the exclusive rights to use HET's flat-plate battery technologies in Hybrid Power Systems that use Direct Methanol Fuel Cells. We believe that the FEDMFC and the flat-plate battery technologies, when used together in Hybrid Power Systems, will create a formidable presence in the burgeoning Alternative Power Systems markets for small to medium sized vehicles and for other markets. We're very pleased that HET is advancing its battery technologies so rapidly."
SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets. SymPowerco's soon-to-be majority-owned subsidiaries, HOSS Motor Sports and Highline Hydrogen Hybrids Systems, offer potentially expansive synergies and marketing opportunities with SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell and Hybrid Power System technologies.
CEO John Davenport announced today that the company's fuel cell partner, Hybrid Energy Technologies, Inc. ("HET") of Ontario, Canada, has advanced its business plan on several fronts and that HET's initiatives continue to support the planning and timing of SymPowerco's fuel cell development program. HET owns 30% of SymPowerco's majority owned (70%) subsidiary, Polygenic Power Systems, Inc. ("PPSI"), which manages all aspects of SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell (FEDMFC) program.
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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now the grant here will be more public and official than ever with Obama announcing the grants today, should be great exposure for this one
Posts: 3257 | From: usa | Registered: Nov 2008
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bid gapping now here as well, looks like we're going to run off of yesterday's news guys
Posts: 3257 | From: usa | Registered: Nov 2008
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green/energy companies are the way to go, definitely the trend in this day and age, and the fuel cell system here should benefit the environment and our pockets
Posts: 3257 | From: usa | Registered: Nov 2008
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