Executive Summary
Renewable Energy and Power, Inc. (REAP) provides Green Energy that is competitive with fossil fuels by employing proprietary new technologies in combination with existing solar and wind power electric generation and LED lighting.
Renewable Energy and Power is a combination of two synergistic, wholly-owned operating divisions:
- LEDLites USA
Solar Hybrid Energy (Sol-Hy)
These two divisions function in international markets that are in vigorous growth stages with long-term prospects. Federal and state legislation in the United States, including some tax incentives, are driving businesses and consumers to replace older technologies with the new solar and LED alternatives offered by REAP.
LEDLites USA
LEDLites USA is in the business of producing and marketing LED (Light Emitting Diode) light fixtures and components for both the residential and commercial markets. LED lighting is a green technology that consumes far less energy and requires much less maintenance than competing lighting technologies, making it highly competitive for both retrofit and new lighting systems.
Federal and State Legislation and Federal and State Tax Benefits are driving the LED lighting market not just in the United States but all over the world.
Federal Legislation includes the energy bill passed December 2007, confirmed July 15, 2011, making incandescent lighting prohibited for sale in stores by the year 2012 in favor of CFL (Compact Fluorescent Light) bulbs. But CFL is at best interim solution, far less efficient and more toxic (using mercury) than LED lighting which can be expected to be the lighting of choice as costs come down with the expansion of the market.
The federal Energy Policy Act of 2005 offers tax incentives to energy-efficient commercial buildings. Any building that can cut its lighting power density by 25-50 percent is eligible to receive a tax reduction of 60 cents per square foot. By converting to LED bulbs, companies can reduce their light electric output by 80 percent. Not only do LED users see immediate reductions in their energy bills, they also receive government endorsed tax incentives for making their buildings more energy efficient.
Has a unique selling proposition: LEDLites USA is the first company to enter the LED Lighting market with an extensive background in the design and manufacture of power supplies and associated thermal management. The current manufacturers of commercial lighting fixtures are basically assemblers of various metal, plastic and glass parts to form the fixture itself. The bulbs are manufactured by a third party as are the ballasts used in fluorescent lighting. There is no history of electronic technology these companies can refer to in the development of LED light fixtures.
The key to LEDLites USA’s success will be the performance and reliability of our light fixtures. LEDLites USA will use its core skills in thermal management, system packaging and manufacturing to develop and advance technology for two key purposes:
- To develop product solutions that maintain a leadership position over its competitors based upon superior cost-benefit to its customers, as well as greater product functionality.
- To drive down unit cost while maintaining the key domestic work-force through the advancement of manufacturing & assembly technology & processes.
Our world class partnerships with our vendors/suppliers are the other cornerstones of our product reliability. LEDLites USA will both leverage the technology of suppliers and develop technologies and intellectual properties of its own. Hundreds of millions of dollars have already been invested by component suppliers, for example, in the LED chips themselves. Although, LEDLites USA has the flexibility to use several different suppliers of LED chips, they have developed special pricing contracts with primary suppliers. Flexibility of design will protect us from becoming someone else’s captive customer with high pricing.
LEDLites USA’s strategy is to develop and maintain a leadership position in the commercial solid state lighting (SSL) market through ongoing technology development. This ongoing improvement of the cost/benefit equation will reduce the commoditization of the market segments the company serves, preserving the best margin opportunities at the same time.
LEDLites USA’s vision is to become a market leader in LED light fixtures for both the retro-fit and new building sectors. LEDLites USA will utilize its superior knowledge in the field of power supplies and thermal management as well as its modular design technology to be a leader in the LED revolution in the commercial lighting industry. By using a combination of partnerships with established corporations, green building groups and relationships it will build with federal, state and local governments, LEDLites USA is poised to become synonymous with the term "LED light fixture." This seamless integration into the mainstream consciousness of American builders, architects and engineers will solidify LEDLites USA as the clear market leader in the LED commercial light fixture segment.
LEDLites USA uses state-of-the-art patented and patent pending products/components and overall technology structures to overcome all the traditional cost obstacles. Our technology dramatically improves LED light fixture energy conversion efficiency and significantly lowers the levelized cost of energy more than anything available anywhere in the world.
Our unique design approach gives LEDLites USA a platform for the Sun Harvesting, Motion Detection and light level selection options. These features provide LEDLites USA with an economic advantage as the energy savings afforded by these features can be significant – 20% to 30% above the normal savings provided by any competitive LED light fixtures. These technological advantages will be leveraged to the greatest extent possible.
Solar Hybrid (Sol-Hy)
The primary technology of Solar Hybrid, (Sol-Hy) is in solar energy concentration and conversion to electricity. A proprietary holographic lens structure, optical light guide, multi-junction semiconductor, and patented interconnect technology enables Sol-Hy to offer far more efficient collection of solar energy than existing conventional technologies. These patented processes increase solar cell interconnect reliability, providing higher electrical efficiency and significant production cost savings while conserving expensive semiconductor materials. The company has licensed a number of patents for this process, and will file proprietary patents on developing technology as well as trademarks, trade names and copyrights.
Sol-Hy’s competitive advantages in this field include:
A patentable solar panel that outputs twice the power in the same amount of space as competitors. The core technology has been proven for years in space satellites and is now ready for wide-spread general power generation.
- The protection of patents in the United States and other countries with many more patents in process. The foundational intellectual property is protected and will continue to be built upon to maintain a competitive edge.
The key to Sol-Hy’s success will be the performance and reliability of its panels. All of our patented and patent pending products and their components have been rigorously tested to stringent industry standards. Our products meet or exceed reliability and life-cycle viability. Certification by Underwriter Labs (UL) and other certification organizations are in full process and ISO 9001:2008 and ISO 14001:2004 certifications are underway. These certification guarantees and underwriting will allow worldwide product distribution and installation.
Environmental Benefits
Improved Public Health
and
Environmental Quality
Generating electricity from renewable energy rather than fossil fuels offers significant public health benefits. The air and water pollution emitted by coal and natural gas plants is linked to breathing problems, neurological damage, heart attacks, and cancer. Replacing fossil fuels with renewable energy has been found to reduce premature mortality and lost workdays, and it reduces overall healthcare costs [6]. The aggregate national economic impact associated with these health impacts of fossil fuels is between $361.7 and $886.5 billion, or between 2.5 percent and 6 percent of gross domestic product (GDP).
Wind, solar, and hydroelectric systems generate electricity with no associated air pollution emissions. While geothermal and biomass energy systems emit some air pollutants, total air emissions are generally much lower than those of coal-and natural gas-fired power plants.
In addition, wind and solar energy require essentially no water to operate and thus do not pollute water resources or strain supply by competing with agriculture, drinking water systems, or other important water needs. In contrast, fossil fuels can have a significant impact on water resources. For example, both coal mining and natural gas drilling can pollute sources of drinking water. Natural gas extraction by hydraulic fracturing (fracking) requires large amounts of water and all thermal power plants, including those powered by coal, gas, and oil, withdraw and consume water for cooling.
Biomass and geothermal power plants, like coal- and natural gas-fired power plants, require water for cooling. In addition, hydroelectric power plants impact river ecosystems both upstream and downstream from the dam. However, NREL's 80 percent by 2050 renewable energy study, which included biomass and geothermal, found that water withdrawals would decrease 51 percent to 58 percent by 2050 and water consumption would be reduced by 47 percent to 55 percent.
