Tuesday, September 23, 2014 6:00:51 PM
Sep 23, 2014 2:15 AM | about stocks: NENE
Seeking Alpha
As far as energy is concerned, I am a believer in energy technologies that can be demonstrated in hard money terms as accretive, job creating and sustaining. I rejected candidate Obama's debt fueled, phantom job creating, so called green energy program from the beginning in 2007. I have been justified over and over again by the replete and miserable failures of so many companies that were spawned and failed under the nurture of his green energy enthusiasts.
http://www.dividedstates.com/list-of-failed-obama-green-energy-solar-companies/
However, the prior being said does not rule out the possibility of one of the alternative energy companies that has the technology and management which warrants due diligence. This is New Energy Technologies (OTCMKTS:NENE). Although I am not recommending purchase of the shares, I am considering purchasing some myself (less than 5000 shares) in the coming hours because I believe that the wholesale liquidation of traditional energy complex shares brought about by the ongoing global warming movement, will create mountains of cash over the coming weeks. Some of this cash will be looking for an alternative energy shareholder family to park itself in. I cannot think of a better concept, with more potential and an apparent proof of concept prototype than New Frontier Energy's "Solar Window" and secondly "Motion Power".
All facts regarding the companies financials, management credentials beyond what is stated in the website is left completely for the due diligence of each reader or person who comments. Please see the website.
http://www.newenergytechnologiesinc.com/
The below was taken in total from Altenergymag.com
"We've achieved significant research and development milestones, and remain sharply focused on commercializing our first-of-its-kind technology for generating electricity on glass windows," explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. "We're especially encouraged by the excellent color and transparency of our electricity-generating glass modules, and power production estimates."
Recently, the Company's SolarWindow™ set a new record for generating electricity while remaining see-through. New Energy engineers calculate that SolarWindow™ modules modeled for installation on a 50-story building could conservatively produce at least ten times the electrical energy of conventional rooftop photovoltaic (PV) systems and, in some instances, exceed power performance by as much as 50-fold.
Using the Company's proprietary power production model, engineers estimate that SolarWindow™ installed on a 50-story building could generate enough electricity to power at least 100 homes while eliminating the equivalent carbon emissions produced by vehicles driving approximately 2,750,000 miles per year.
For example, SolarWindow™ modules modeling estimates for the city of Miami, Florida show SolarWindow™ modules could generate over 1.3 million kWh (kilowatt hours) of energy. Today's rooftop systems could only generate from 28,000 to 102,000 kWh.
The Company envisions SolarWindow™ technology installations on the vast acres of tinted glass surfaces on commercial buildings, skyscrapers, and tall towers. In contrast, conventional solar power systems are limited to very small square-footage rooftops, which are already crowded with service systems. Unlike conventional solar systems, New Energy's SolarWindow™ can be applied to all four sides of tall towers, generating electricity using natural and artificial light conditions and even shaded areas.
SolarWindow™ is currently under development for eventual commercial deployment in the estimated 80 million detached homes in America and more than five million commercial buildings. The technology is the subject of 42 patent filings, and researchers are on track to advance SolarWindow™ towards full-scale commercial manufacturability - a near-term goal."
As one philosopher said to me, "I certainly wish it were true". I think that it is. I have followed New Energy for a few years.
Ella Ruth
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