We'll see..FDHC is an operating oil company..am sure we'll find out --->> The two companies will work closely together to match power & energy requirements of various oil well sites with an optimal configuration of RES components for each site. NovoFuel's hybrid RES solutions include a monopole tower-mounted wind turbine, a solar panel array, a large format 18.6kW lithium-ion battery, a hydrogen fuel cell when necessary, as well as a real-time energy management & control module, and a site security module.
Fidelity Holding Corporation, a general holding company based in Tucson, Arizona, focuses on opportunities in the oil and gas, and renewable energy sectors. The company, through its subsidiary, Rebel Resources, Inc., engages in the production of heavy oil. It primarily focuses on proprietary thermal technology to extract additional heavy oil out of mature oil fields worldwide. Rebel has established a competitive advantage within the industry by using the new technology and techniques to produce heavy oil in the Cherokee Basin in Kansas; the technology capitalizes on existing stranded natural gas reserves to optimize the economics of the heavy oil operations.
The parties will cooperate in developing joint strategies and plans to expand the use of hybrid RES solutions for all of Fidelity's oil well operations, and then expand to other oilfield sites in the U.S. and overseas interested in supplementing or replacing grid power for their operations.
