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They’ve been trying to secure a site in East Africa where there’s a high demand for uninterrupted power.
Do your own DD
And it’s PPAs. Not “pps”. Power Puchase Agreements. Progress announced in August company update. More to come.
A bunch of words? Hmm. Yeah ... that’s typically how a company announcement works regarding material events.
The retrofit tower worked. Better than expected. And in less than ideal conditions.
How’s it going to work in better conditions, with a custom tailored design on the property they secured in SL Arizona?
I think the market knows.
Much more progress to come.
Multiple catalysts to push this higher.
PPAs Calif
Arizona vote early Nov
DOE Fed subsidy funding
Additional site announcements
Private funding
Congratulations to longs who have been patient.
Did you read the announcement today?
Well said.
Hahahaha. Sure. Whatever you say.
We all had the “knowledge” company has posted multiple news updates over the past two months.
Read.
“We believe that the San Luis Tower can deliver green power at a price competitive with traditional fossil fuel generating facilities and at the best price in the region for solar power. We are in the process of expanding our consulting team to assist with the procurement of Power Purchase Agreements (PPA’s) as well as with that of Investment Tax Credit Investors.”
Because this Tower works in the test pilot location with less than optimal conditions, placing this in a more arid environment as well as tailoring its design shape (custom build for this application) will only increase its efficiency.
Was good to hear the news.
More to come.
Evaporative cooling. Since day one.
The tower works.
Now PPAs, financing and construction.
George Elliott commented, “Based on my analysis and personal observations on site of the data collected over the past few weeks, it is obvious that Mother Nature works exactly as one would expect. As soon as the spraying of very fine liquid water particle's into the top of the tower began, the liquid particles began to quickly evaporate into the surrounding air. The evaporation requires "work" to be done, and that comes by extracting heat energy from the ambient environment, thus cooling the air, which then increases the pressure and density of the air, which air then begins a decent through the tower at accelerating speeds, ultimately to be turned horizontally toward the tunnel for evacuation. Also as expected, this evacuation maintains a balance of forces and a steady stream of cool wind, potentially very high-speed, out of the tunnel. In fact, it was a really comfortable experience standing at the end of the tunnel, where the air was steadily streaming out on me at some 6-10 degrees cooler than the ambient temperature at the time at the tower site."
Good to hear!
Yup!
“Based on a very conservative approach, we originally calculated that approximately 11% of our energy produced would be needed for the pumping of the water. It is exciting now to validate through actual field testing that the energy consumption is less than 1% of the energy projected to be produced by the San Luis facility.”
An additional battery of testing at the site has just been completed, and those results are being verified and logged. Continued testing is scheduled for this upcoming week.
Ron Pickett commented, “Inasmuch as we are not able to share this test information ahead of full public disclosure, as a courtesy to our loyal stakeholders, the Company can report that the initial system checked out and performed as designed, and that the weather data both inside and outside the system was fully functional and consistently capturing, displaying, recording and comparing temperatures, relative humidifies, dew points and the resulting wind speed at 10 second intervals. Actual results will be compiled and contained in an official report generated by the consulting meteorologist.
That said, the pilot tower downdraft system proves without doubt what the expert consultants already knew, which is that hot/dry air confined inside the tower when infused with water immediately begins the evaporative process, resulting in colder air that falls at predictable speeds to the bottom of the tower and will exit through any opening toward air with the same ambient conditions of the air before the water infusion.”
Nice company update today. Pieces coming together ...
If you’re betting it drops to $6-8, you should short it. Great returns.
This is about evaporative cooling.
Study it and get back to us please. Thank you.
Go Pack!
Agree Strawpatch. Well said.
Time will tell if it works but the fact it’s working in a smaller tower with less than ideal conditions is promising.
We will see ...
“Solar RePurposing, the Company, and the industry professionals present were all extremely impressed with the immediate results.”
Must have made quite an impression for them to make this newsworthy.
Bid is .2513. Nice.
If only that were true of open market ....??
Good to hear that in less than ideal conditions they are pleased with results.
Would expect with lower relative humidity even better.
Test results will be real proof for investors and more importantly financiers and DOE, Fed Grant support.
Albeit slowly, moving forward.
Point is if they can get it to work in a non-arid climate it will for certain work in a more arid climate like the southwest, parts of Mexico and South America as well as parts of the African continent where uninterrupted power is in tremendous demand.
We’ll see soon enough how it performs in a “ non-ideal” environment. Results soon.
Evaporative cooling works best at certain relative humidity thresholds. When water evaporates it takes heat energy out of air. This science solid and has been known for centuries. Anyone that’s experienced living in the Southwest knows this, which is why the tower in an arid desert environment is a most sensible location.
Seems the prototype is in a less arid environment and must wait for dryer conditions which anyone that has lived on the east coast knows relative humidity drops drastically into the Fall and Winter.
If you say so.
Agreed.
But imagine we need a real proof of concept to generate financial backing for retrofits and in case of SWET, a new ground-up tower project.
Once results of retrofit are published then we’ll know its potential. If positive, would expect announcement of financing soon thereafter and build schedule.
Empirical information and data from stack retrofit will prove its viability. Or not.
Agreed. If stack retrofit proves to work in somewhat non-arid climate. Investors/financiers should feel 100% confident it will work when deliberately/ideally shaped/designed and in desert.
Evaporative cooling works best in desert climates.
It’s why always thought East Africa tower project could be first. Very high demand for uninterrupted power and right relative humidity.
Good luck all long term investors. Proof of concept is near.
DK
Hahahaha. Nice try
Agreed.
And just today I got this random email from Etsy saying “trend alert: llamas are the new unicorn”
Included in the merchandise was “Mama Llama” jewelry. Pretty sure independent of GBI. But if this IS in fact a new trend (Llamas) and as we launch Season 2 of Llama it’s frankly a perfect time to ride the wave of that trend. Setting up nicely for some traction during the coming Christmas Season.
https://click.e.etsy.com/?qs=4ea6919d740eb232d25e78e74ac082852b7e331897cbe10190910135ca7e6f0d7d304a70401f1ce320b6614a04c6c397d7501f63a53416b9
True. Just been a lot of public discourse about water conservation, more so in naturally arid climates where this would best perform.
I see it as a potential speed bump, but all problems have a solution. Simply a matter of time, energy and $$.
Well. This stock ran to about a $120M market cap years ago when it was a lot less further along. The equivalent (post dilution) is about 10x of where we closed on Friday.
If they get this to prove out and work then who knows what value the market will give it?
High risk stock. Time will tell.
What would a $337B company like ExxonMobil pay for this? It knows the days of oil and gas have a finite lifespan.
Water is also a precious resource so it remains to be seen how that plays into the story.
Good luck all shareholders who have been patiently waiting on progress and results.
DK
WATT is not in Apple products. So it doesn’t matter what relationship Dialog has with Apple.
No effect on WATT.
Know your facts
Although it’s much much slower than ever anticipated, it’s progress.
We get a working proof of concept and this stock explodes to the upside.
Would like to know their revenue model based on licensing agreements. See how it lays out. But would expect an energy company to simply buy them out. Would make the most sense.
Oil and gas companies have deep pockets.
Good luck to all patient investors. Great to hear news and looking forward to their end of month report.
DK
Thanks Rick.
Didn’t see details in the announcement today.
What is “convertible debt?”. Sounds like shares of stock and dilution to me but ...
What am I missing?
Agree. Llama is already a proven brand. All the social media traffic during Netflix lunch reinforced that. GBI simply needs to properly execute.
RR a different story. But fact Nick chose debuting five days a week is significant. Clearly they like what they’ve seen.
Question now is, will Public?
Revs pushed way out. Clearly their channel is bringing in minimal $$. Disappointing but not unexpected. This company and its brands are relatively unknown. Been taking the best of four years to build.
Certainly talent and experience are there for RR to be a star. But will it?
Like the spin offs ideas too. Wider audience. Not just girls (maybe) But Strawberry Shortcake was all girl and it was a tremendous multi $B brand. So it’s possible.
Andy was clear with his opinion. “Patient investors will be rewarded handsomely.” He’s certainly put his money where his mouth is.
Also, last caller questioned what future holds past Llama and RR? Frankly I don’t think Andy wants one. He wants to build these two, then sell. Get out. He’s no spring chicken.
Go out on a high note and enjoy retirement
We all knew SpacePop was a flop. From the start. Animation lame.
Llama different.
This is early heart attack detection. Potentially saving countless lives. Maybe your own some day or a loved one.
50,000 beads is outstanding results. Nothing like it at present.
They hold the IP too. Patents granted in China and US.
No progress?!
Tom Barr of Bio-AMD and U.K. team have been developing MIDS as a 60% R&D partner of MML and making excellent progress. The Zenosense update was phenomenal. Searching for commercial partner to bring to market.
What’s your motivation for disparaging the company?
Clearly you have no idea what you’re talking about.
Well. I certainly appreciate your posts.
Thank you
DK