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NEWS OUT: NuTech Energy Resources, Inc. Acquires Flowpower LLC, Creator of Revolutionary Green Power Generating Technology, to Generate Additional 15-20 Million Dollars in Revenues Per Year
BY PR Newswire
— 9:15 AM ET 01/29/2016
GILLETTE, Wyo., Jan. 29, 2016 /PRNewswire/ -- NuTech Energy Resources, Inc. ( NERG
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) , announces today that the Company has entered into a final agreement to acquire Flowpower LLC of Casper, Wyoming, inclusive of all existing equipment and intellectual properties, such as the rights for its "Power Flow" gas flow generator which NuTech plans to integrate for the optimization of natural gas production. Powered exclusively by state-of-the-art green technology, this innovation will enable the Company to substantially reduce overhead and improve its ecological footprint, simultaneously bolstering its financial position by incorporating an additional revenue source, potentially worth an estimated 15-20 Million Dollars in the first year alone.
The cutting edge Power Flow system generates electricity by utilizing natural gas without burning it. Operating much like a hydro power plant on a dam, the energy is harvested in this environment and is driven from the flow of gas as opposed to water; as a result, with adequate well pressure and volume, the Power Flow technology can enable the Company to utilize the force naturally generated to circumvent the dependence on purchased electricity, making NuTech Technologies the first in its industry to generate natural gas, completely independent of outside resources.
Power Flow technology uses the natural flow of gas to surge through its system, resourcefully creating emission free electricity. Natural gas released from the earth has tremendous force behind it. In a standard operation, regulators are used to reduce the pressure. The "Power Flow" is a completely green power source that can turn natural gas pressure into a literal power plant.
According to the U. S. Energy Information Administration, its expected that natural gas will account for 60% of the projected growth in the U.S. power generation capacity through 2035. Compressed natural gas-powered (CNG) vehicles are expected to increase in numbers over the coming years, which is vital to America's move toward energy independence. Power Flow has the potential to help address the largest single expense associated with CNG production; the electricity production.
"We are extremely enthusiastic about what this means for the Company and our investors. The cost of producing and transporting natural gas has been its Achilles heel for several years. With the acquisition of Flowpower and its existing inventory, we are taking steps to further lower our overall operating costs," stated stated Kevin Trizna, Chief Executive Officer, NuTech Energy Resources, Inc. ( NERG
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) He concluded: "In our effort to become a true vertically integrated energy company, the acquisition of Flowpower, LLC will not only provide us with the means to produce electricity, but will position us as a visionary forerunner in the use of green technology for future natural gas production."
NuTech intends to use the pressure from their wells to generate the power needed for local operations and foresees great potential for the possibility of enough electricity production to ultimately be sold back into the power grid.
NuTech Energy Resources ( NERG
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) has recently announced that the Company has initiated plans to organize a meeting between its Board of Directors and Majority Shareholders for the authorization of an open market stock repurchase program, in its continuing effort to attain a NASDAQ listing. The Company has also retained a Security and Exchange Commission approved Auditing firm to complete the necessary action required to fulfill its goal of achieving a Nasdaq Listing. The evaluation process has been initiated, and upon preliminary review of the Company's financial report, the firm will be disclosed. NuTech Energy has additionally retained the auditing services of a distinguished Full-Service CPA firm, in order to fulfill the 2-year audit requirement, and to collaborate with legal counsel, to assist in the Company's strategy to uplist to the world's first and largest "electronic" stock market, the prestigious Nasdaq Exchange.
About NuTech Energy Resources, Inc. ( NERG
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): NuTech Energy Resources, Inc. ( NERG
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) is a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the need to pump water. NuTech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells. NuTech Energy Resources, Inc.'s ( NERG
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) development of proprietary equipment uniquely positions the Company to be able to acquire and profitably operate wells that were previously cost prohibitive. For more information visit: http://www.nutechenr.com/
Safe Harbor: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
Contact: Investor and Media
Steffan Dalsgaard, CEO Everest Corporate Advisors, Inc.
702-902-2361
702-982-1139
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nutech-energy-resources-inc-acquires-flowpower-llc-creator-of-revolutionary-green-power-generating-technology-to-generate-additional-15-20-million-dollars-in-revenues-per-year-300212053.html
SOURCE NuTech Energy Resources, Inc. ( NERG
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MORE NERG NEWS
NuTech Energy Resources, Inc. To Convene For Majority Shareholder Vote On Stock Repurchase Agreement In Preparation For NASDAQ Listing >NERG
DJ Realtime News - 9:01 AM ET 01/28/2016
NuTech Energy Resources, Inc. to Convene for Majority Shareholder Vote on Stock Repurchase Agreement in Preparation for NASDAQ Listing
PR Newswire - 9:00 AM ET 01/28/2016
NuTech Energy Resources, Inc. Imminent NASDAQ Listing
PR Newswire - 8:30 AM ET 01/13/2016
has anyone else done the US patent search for down hole gas separator ? check out the images that match the tool on the website... more money than God here... imo.
You know it stab1, there is a reason this is a buyback and not a R/S. There's plenty of money to buy them all back. Chump change to the principal involved imo .
IMO, there is huge money backing this. Also, the patent is 'proprietary'.
stab 1 .. you are too new for me to even consider sharing with.. however, I will tell you this.. if you know anything about assignees on a patent.... it does not ,,, repeat,, does not,, get better than this... I will not be sharing the patent inventor, number, info, designation, assignors, assignees.... don't like it oh well., Always invest on your own DD. I bought dips all week long.. may not look at this again for weeks.. i know what i own.
not the one i have.
i hope you found what i found third leg.. i really hope you did.
you all are welcome. just letting it be known if i have the right pattent.. and for me the logistics, language, principals all connect. So if you know what an 'assignee' is on a us patent.... it does not get bigger than this one.
The patent is proprietary. That has strong meaning. if the patent i see is nerg's, the names that are assigned to it are the biggest there is. I won't be sending it to anyone. Just letting it be known. \ There is a reason it is proprietary and has been for years. Will be buying till i can't buy anymore.
Warchest., no. not it. many patents give similar language but no., not it.
If you were to look at the state of Wyoming gas wells... there are tens of thousands of them.... tens of thousands... add to that TX and wherever else NERG goes... The patent is clean.. I do believe I found it.. and there are no legal actions against it.. one of the inventors worked for a MAJOR petro producer for 25 years before this patent application. The patent i believe nerg owns is referenced by many big names in their own designs.. but this one seems to be the start of it all, haliburton being one... chevron, and others...
With Nutech’s patented technology, the methane is captured with. no damage to the micro-organisms which will continue to produce the gas indefinitely
A stable, environmentally friendly method of “harvesting” methane will result in methane becoming a renewable resource.
The principle operation of this invention is a method for separating gas and water within a well bore to produce substantially water free gas.
The remedy to the many industry problems that the tool offers is that no water ever reaches the surface!
http://www.nutechenr.com/downhole-gas-seperation-tool/
Paul D. Maniscalo: http://www.earthstoneenergy.com/investors/corporate-governance/
http://www.prnewswire.com/news-releases/nutech-energy-resources-inc-retains-paul-d-maniscalco-of-sjm-financial-full-service-certified-public-accountant-in-preparation-for-corporate-audit-300187466.html
Paul D. Maniscalco is currently a Principal with SJM Financial and Accounting, an accounting and business advisory services firm, located in Englewood, Colorado. Mr. Maniscalco has a strong career history in serving publicly traded and energy related companies. He was appointed as Interim Chief Financial Officer of Earthstone Energy, a growth-oriented independent oil and gas exploration and production company, primarily engaged in the exploration, development and production of oil and natural gas properties, in December of 2012. His robust career history spans employment from a regional CPA firm to having worked for the "Big 4" accounting firms, as well as other energy related and publicly traded companies. EST* nyse 16.41 pps
http://www.microcapdaily.com/stock-in-focus-is-nutech-energy-resources-inc-otcmktsnerg/114175/
Stock in Focus is Nutech Energy Resources Inc (OTCMKTS:NERG) 0
BY CARRIE RIVERS ON DECEMBER 8, 2015 MICRO CAP INSIDER, STREET WATCH
Nutech Energy Resources Inc (OTCMKTS:NERG) is one penny stock that has got everyone’s attention making a huge move up in recent weeks off its $0.0009 lows and becoming a consistent volume leader transforming into one of the top traded stocks on the entire bb’s.
NERG was incorporated in 2007 under the laws of the state of Delaware as Resource Group, Inc. In July 2009 they changed their name to Ecoemissions Solutions, Inc. before becoming Nutech Energy Resources Inc in June 2015.
Nutech Energy Resources Inc (OTCMKTS:NERG) bills itself as a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the need to pump water. NuTech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells. NuTech Energy Resources, Inc.’s development of proprietary equipment uniquely positions the Company to be able to acquire and profitably operate wells that were previously cost prohibitive.
NERG is currently focused on acquiring abandoned coalbed methane gas wells in the Powder River Basin of Wyoming, and to convert those wells into profitable producing assets. The Company has acquired a patent to use a proprietary technology to produce natural gas without pumping water out of the ground from inside a well. This device reduces overhead from conventional methods of natural gas production by as much as sixty percent (60%).
The Company recently announced an agreement to acquire Emerald Operating and Rocky Mountain Exploration Wells, an operation representing 74 existing wells, and their underlying lease agreements. Additionally, NuTech will acquire Emerald’s minority non-operator interest in 42 of Mountain Hawk Exploration’s wells.
Emerald Operating currently has 27 of NuTech Energy’s state-of-the-art IGOR tools installed on location. Gas from this location is being produced and sold, using the Company’s patented, proprietary Natural Gas Production Technology, but no production results are available as of yet. Emerald Operating personnel have, over the past several months, extensively tested, and continue actively running diagnostics in an effort to optimize the production and transportation process.
To Find out the inside Scoop on NERG Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
On December 3 NERG said it has received approval by its board of directors, and proceeds to finalize the acquisition of Emerald Operating and Rocky Mountain Exploration Wells, an operation comprised of 74 existing wells, and their underlying lease agreements. Moreover the Company has taken ownership of an additional 2000 wells in that territory, and is in the final stages of obtaining regulatory approval.
The two thousand wells being acquired have been shut in for numerous years, and the equipment has been idle. Once the wells are retrofitted and rehabilitated with any necessary pipeline repair, these properties have the potential of producing 100 MCF per day, per well. At a 5 year average baseline of just in the range of $4 per MCF, this could translate to right in the arena of $288,000,000 in gross sales, with a rewarding potential profit margin in the range of $180,000,000.
On December 7 NERG announced the Company is very aggressively moving forward on a dynamic plan to take ownership of an additional 7000 wells situated on State and Federal land in the state of Wyoming.
CEO Kevin Trizna said “This is where the real value of our Company is made evident, there are thousands of wells that are operating at a loss, and thousands of others that cannot operate in this financial environment at all. Because we have the exclusive potential to operate profitably at the current price of natural gas, a world of opportunity is laid before us. What is currently an unprofitable landscape in the Coalbed Methane industry, is an exciting and advantageous threshold for our Company and its shareholders.”
We have a Monster Pick Coming. Subscribe Right Now!
Currently exploding out of sub penny land NERG has minimal assets or revenues and significant fast rising debt. At the same time NERG knows how to market itself and has successfully attracted a large and growing shareholder base excited by the Company’s aggressive plan of acquiring 10,000 wells in 2016. We will be updating on NERG when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with NERG.
I'd say you are right on Biglued. I think the names involved are going to be every player in the field. Abandoned mines owned by the Feds, every company from mom and pop operation to the big guns. NuTech can take a piece of everyone's revenue. There are thousands of abandoned wells in OK, WY, TX., etc, not to mention Canada.
Could be govt related news if NERG is taking on all these abandoned wells that cost the govt millions to cap, and producing gas from them.
News today in Wyoming:
http://www.starherald.com/news/regional_statewide/amid-gas-bust-wyoming-approves-tougher-well-bonding-rules/article_fce54dc5-5c65-5bfc-8315-b303dd96af5c.html
CASPER, Wyo. (AP) — The Wyoming Oil and Gas Conservation Commission approved tougher bonding requirements for oil and gas wells Tuesday in response to a bust that has littered the Powder River Basin with thousands of abandoned coal-bed methane wells and left the state responsible for plugging and cleaning many of them.
The rules include a couple suggestions from the petroleum industry. Among them is retaining petroleum developers’ right to submit a plan to the state to address their idle wells in lieu of having to post additional bond, a provision sought by the Petroleum Association of Wyoming.
Click here!
Companies would need to either plug or return to operation at least 10 percent of their idle wells each year under those plans submitted to the commission, Wyoming's regulatory agency for the petroleum industry.
The rules also would establish a $100,000 blanket bond for companies with more than a small number of wells. That's more than the current $75,000, less than the $150,000 proposed in the draft rules, and the same as the amount proposed by the petroleum association.
North Dakota requires $100,000 and Colorado up to $100,000, association Vice President John Robitaille wrote the commission last month.
The goal of requiring companies to post of bond up front is to keep taxpayers off the hook for cleaning up any mess industry might leave on the landscape. So far, a program to plug and clean up coal-bed methane wells abandoned in northeast Wyoming over the past five years has cost less than expected, state Oil and Gas Supervisor Mark Watson told the five-member commission led by Gov. Matt Mead.
Two years ago, commission staff estimated that addressing 1,200 abandoned wells would take four years and cost $30 million. Contractors for the commission over the past year and a half has plugged and cleaned up just over 1,000 coal-bed methane wells at a cost of $4.7 million, Watson said Tuesday.
“So basically we'll plug those wells we originally had at a fraction of what the original cost estimate was,” he said.
Currently, instead of posting a blanket bond, companies with only a small number of wells currently may opt to post $10,000 bond for each well less than 2,000 feet deep and $20,000 for each well deeper than that. That will change to a flat rate of $10 per foot of the well bore distance under the new rules.
The new rules also will enable the state oil and gas supervisor to require an additional bond of up to $10 per foot for any idled well — a requirement sought by landowner and environmental groups.
The cost to the state to plug and clean up the recent glut of abandoned coal-bed methane wells has been between $6 and $7 per foot, Watson said.
Coal-bed methane wells are simpler and less expensive to plug and state officials struck good deals with contractors for the work during the downturn, Watson told the commissioners.
A typical coal-bed methane well in Wyoming targets methane in water-saturated coal seams no more than 1,000 feet deep. Gas wells in western Wyoming often are 10 times or more that deep.
The rules should begin to take effect early next year. Companies would have another year after that to meet the new bonding requirements.
© 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Anyone else read about nerg getting wells in kansas and new mexico?
take a look at this: http://article.wn.com/view/2015/12/07/NuTech_Energy_Resources_Inc_Executes_Plan_to_Take_Ownership_/ NuTech Energy Resources, Inc. Executes Plan to Take Ownership of Additional 7000 Wells Company Sets Goal to Acquire 10,000 Wells in 2016, Ultimately Pursuing Coalbed Methane Wells into the Kansas and New Mexico Territories[color=red][/color]
I did not see that in the pr from the 7th.... wonder if this was left out for a reason....
If the patent I found is owned by Nutech, it is referenced by Haliburton among others in their own patents. I will not be giving the patent number or any other patent info, other than to see it looks clean. No infringements or legal suits pending. And paid up to date on all fees. IMO.
ALWAYS DO YOUR OWN DD
I believe I have found the patent. What are the boards thoughts on the pros and cons to posting it? If I am correct and this is the patent for NuTech, the inventor had a 25 year employment as a chemist with a major petroleum corporation here in America.
NERG
Smacked 12's
JNSH and NRGeVgo in the Nissan ez-charge network:
https://www.ez-charge.com/faq/
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FAQ
What is EZ-Charge?
EZ-Charge is the first of its kind program developed by Nissan which provides electric vehicle drivers with the ability to access multiple charging networks with one single card.
What is Roev?
Roev is collaboration between electric vehicle charging networks to allow EV drivers the opportunity to charge at EV charging stations from various manufacturers using just one card. Currently, participating EV charging networks include Aerovironment, Blink, CarCharging, ChargePoint, Greenlots, and NRG eVgo.
What is No Charge to Charge?
No Charge to Charge is a program offered by Nissan that provides new LEAF buyers or lessees with 30 minutes of free charging on DC fast charging stations and 60 minutes of free charging on Level 2 stations for two years from their time of purchase.
How do I get an EZ-Charge card?
Currently, EZ-Charge cards are only available through participating Nissan dealers in specific markets. Customers who purchased or leased a LEAF beginning April 1, 2014 in the Seattle, Portland, San Francisco, Sacramento, San Diego, Phoenix, Houston, Dallas/Fort Worth, Nashville, and Washington DC markets are also eligible and will receive their EZ-Charge card directly from Nissan. Customers who purchased a LEAF beginning July 1, 2014, in the Los Angeles area will also receive an EZ-Charge card directly from Nissan.
Who is participating in EZ-Charge?
The initial EV charging network participants that support EZ-Charge are Aerovironment, Blink, CarCharging, ChargePoint, Greenlots, and NRG eVgo.
Are all charging stations part of the No Charge to Charge program?
Not all charging stations operated by participating charging networks are part of No Charge to Charge. To locate the eligible No Charge to Charge charging stations in your area, please refer to the map at https://www.EZ-Charge.com/stations/.
How much does an EZ-Charge card cost?
The EZ-Charge card is delivered at no cost to the consumer by Nissan dealers.
What is the typical pricing for No Charge To Charge after 30 minutes of DC fast charging or 60 minutes of Level 2?
DC fast charging fees can range from 10 cents per minute to $5 to $10 per session. Level 2 charging fees may range between $0.49 per kilowatt-hour to $1 to $3 per hour. Charging fees are noted at each station.
Will I be automatically charged after 30 minutes of DC fast charging or 60 minutes of Level 2 charging?
Charging fees vary by station. Some No Charge to Charge stations may not have any, and if there are charging fees, they will automatically be assessed by the charging operator. Before such charges begin, there may be a grace period.
How long of an interval is required between charging sessions in order to avoid additional charges?
It depends on the network and the charging operator. For example, a 60-minute disconnection interval is required for Blink, CarCharging and NRG eVgo charging stations.
Will my EZ-Charge card expire?
No. While the No Charge To Charge program that may be associated with your EZ-Charge card will expire after two years, you will be able to access participating EV charging networks with your EZ-Charge card as long you have an active membership with those networks.
Why should I keep using my EZ-Charge card after the No Charge to Charge offer expires?
Your EZ-Charge card can be used to access the latest participating EV charging networks supporting EZ-Charge. The EZ-Charge card allows EV drivers the opportunity to charge at EV charging stations from various networks using just one card.
Where is EZ-Charge available?
Currently, EZ-Charge cards are available through Nissan dealers in Seattle (WA), Dallas/Fort Worth (TX), Houston (TX), Phoenix (AZ), Portland (OR), Los Angeles (CA), Sacramento (CA), San Diego (CA), San Francisco (CA), Nashville (TN), and Washington (DC). Nissan plans to add an additional 15 markets by the end of 2015.
What do I have to do to activate my EZ-Charge card?
It’s easy. Just follow the online directions printed on your EZ-Charge card. To make enrollment simple and limit entering the same information on different websites, EZ-Charge will transfer your basic personal information to your selected charging networks. However, you will need to provide your credit card information and agree to each of your selected network’s terms of service.
Where can I use my EZ-Charge card?
A map of participating charging station locations can be found at https://www.ez-charge.com/stations/.
How often can I use my EZ-Charge card?
You can use your EZ-Charge card anytime. For Nissan’s No Charge to Charge program, free, unlimited 30 minute DC fast charging sessions and 60 minute Level 2 charging sessions at participating network’s are available using your EZ-Charge card. Depending on the charging network, charging sessions beyond these time periods are subject to additional fees.
Can everyone in my family use it?
The No Charge to Charge Program is intended only for charging a single LEAF, so family members can use the same EZ-Charge card for the Nissan LEAF that it is associated with. Violation of this provision may result in the deactivation of your card.
What if I have two electric vehicles? Can I use one card for both?
If you received your EZ-Charge card as part of Nissan’s No Charge to Charge program, you are prohibited from using the same EZ-Charge card to charge more than one vehicle.
and:
https://www.ez-charge.com/participating-networks/
PARTICIPATING NETWORKS
Network Locations Description
Portland
Seattle
AV eases the shift to clean transportation by providing charging for home, work, and public including Level 2 and DC CHAdeMO-compliant fast chargers. EV charging made easy.
Atlanta
Dallas/Fort Worth
Houston
Los Angeles
Nashville
Phoenix
Portland
San Diego
San Francisco
Seattle
Blink Network, a CarCharging Company, is a leading EV charging network. We offer Level 2 & DCFC charging solutions for single-family homes, multifamily, & commercial properties.
Dallas/Fort Worth
Los Angeles
Sacramento
San Francisco
Washington, D.C.
Car Charging Group, Inc. is the largest owner and operator of EV Charging infrastructure with 13,500+ charging stations in 35 states and two countries in its portfolio.
Atlanta
Chicago
Dallas/Fort Worth
Houston
Los Angeles
Nashville
Phoenix
Portland
Sacramento
San Diego
San Francisco
Seattle
Washington, D.C.
ChargePoint is the largest EV charging network with over 18,000 public level 2 and fast charging spots, adding 500+ every month. With ChargePoint, plug in wherever you go.
Phoenix
Sacramento
San Francisco
Seattle
Greenlots is a global provider of open standards-based technology solutions for EV networks and grid management. Greenlots has deployed charging solutions in 13 countries and offers drivers charge station access across the US.
Chicago
JNSH is the largest independent owner operator of 142 Level II electric vehicle charging station throughout the Chicago land area
Atlanta
Chicago
Dallas/Fort Worth
Houston
Los Angeles
Nashville
Portland
Sacramento
San Diego
San Francisco
Washington, D.C.
The NRG eVgo Freedom Station network is the fastest growing source for DC fast charging in the US. eVgo also offers charging solutions for home and apartment residents.
Thanks Ghfischeriv, This should be a sticky. I had not looked into Terraform and did not realize the relationship. Have spent a lot of time looking at FirstWind,. and it's many subsidiaries. First Wind is a major developer of solar farms as well. Glad to have bought in last week.
Walmart Selcts SolarCity, SunEdison For Installation Of New Solar Projects
Read more: http://www.benzinga.com/news/14/11/5028361/walmart-selcts-solarcity-sunedison-for-installation-of-new-solar-projects#ixzz3Jht5nPyJ
Walmart today announced the company will install up to 400 new solar projects at facilities across the nation over the next four years. This advances the company's global commitment to drive the production or procurement of seven billion kWh of renewable energy by the end of 2020 and its goal to be supplied by 100 percent renewable energy. To facilitate these installations, Walmart selected proposals from two preferred solar energy providers, SolarCity and SunEdison, following an RFP process.
“We are pleased to announce this expansion on the heels of the Solar Energy Industries Association's commercial solar report, which recognizes Walmart as having the most installed solar capacity in the U.S.,” said Pam Kohn, executive vice president at Walmart and president of Walmart Realty.
Working with numerous solar providers, Walmart has installed approximately 260 solar projects to date in the United States. Walmart's commercial solar deployment is now 105 MW, more than double the capacity of the next largest business. This has saved more than $5 million in energy expenses, demonstrating that Walmart can keep costs low for customers while reducing environmental impact.
“This is the beginning of the next wave in renewable energy for Walmart, an effort we announced in May when we welcomed President Obama to our Mountain View California store,” said Kim Saylors-Laster, vice president of energy at Walmart. “These projects bring us closer to fulfilling our commitment to double the number of on-site solar energy projects in U.S. stores, Sam's Clubs and distribution centers—thereby reducing our energy expenses and generating clean energy in local communities.”
The installations will vary in size, commensurate with the respective store or facility. It is expected that smaller systems will provide 10 to 20 percent of the facility's electricity requirements and larger systems will provide 20 to 30 percent of the power needed by the facility.
“SunEdison is one of Walmart's earliest solar providers with projects dating back to 2007,” said Katherine Jennrich, senior manager of energy services at Walmart. “And, SolarCity has been Walmart's largest solar provider, installing more than 200 projects together since 2010. We are excited to expand our work with both providers.”
MMMW is diverse., solar, wind, community projects, now solar hot water.
Only a matter of time., big eyes on MMMW I bet.
Check out the rebates for hot water solar *HUGE* and MMMW does all the paperwork for everything:
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=MA122F&re=1&ee=0
http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=MA122F&re=1&ee=0
Commonwealth Solar Hot Water Commercial Program
Last DSIRE Review: 10/31/2014
Program Overview:
State: Massachusetts
Incentive Type: State Rebate Program
Eligible Renewable/Other Technologies: Solar Water Heat
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Tribal Government, Fed. Government, Multi-Family Residential, Low-Income Residential, Agricultural, Institutional
Amount: Feasibility study: $5,000;
Construction grants: $75*number of collectors*SRCC Rating (Private); $150*number of collectors*SRCC Rating (Public/Non-Profit)
Massachusetts Manufactured adder: $200
Metering adder: Up to $1,500
PV adder: $500
Maximum Incentive: Feasibility study: $5,000
Construction Rebates: 40% system costs or $100,000 (Private); 65% system costs or $100,000 (Public/Non-Profit)
Equipment Requirements: Must be new, OG-100 and OG-300 certified, 10 year warranty (collectors), 2 year warranty (other system components)
Installation Requirements: Must be installed where the collectors will receive at least 5 hours of sunlight a day (75% shade-free).
Funding Source: Massachusetts Renewable Energy Trust Fund
Program Budget: 2011-2012: $1,000,000; 2012-2016: $10,000,000
Start Date: 08/04/2011
Expiration Date: 12/31/2016
Web Site: http://www.masscec.com/programs/commonwealth-solar-hot-water
Summary:
Feasibility Study Grants
Beginning in August 2011, the Massachusetts Clean Energy Center (MassCEC) will provide grants* for feasibility studies of commercial solar hot water systems through the Commonwealth Solar Hot Water Commercial Pilot Program. Commonwealth Solar Hot Water Commercial grants are available to electricity customers served by the following Massachusetts investor-owned electric utilities: Fitchburg Gas and Electric Light (Unitil), National Grid, NSTAR Electric and Western Massachusetts Electric. In addition, customers of certain municipal lighting plant (MLP) including Ashburnham, Templeton, Holden, Holyoke and Russell utilities are eligible. Only entities that live in territories that contribute to the MassCEC Renewable Energy Trust Fund are eligible for the grant.
Up to $5,000 is available for private entities, with a cost-share of at least 25%. The cap for public entities is also $5,000 but the cost-share requirement is only 5%. To be eligible, building owners must hire an experienced consultant to do the feasibility work. The project location must be appropriate and must have enough sun and the building must have year-round hot water needs. The application must also demonstrate that the time frame and budget required for the feasibility study are "reasonable." The consultant completes and submits the application and supporting documentation (such as aerial photos, copies of electric bills) on the building owner's behalf. All projects must be approved before feasibility study work begins.
It should be noted that a feasibility study is required to be eligible for construction grants.
Construction Grants
The same eligibility requirements apply to construction grants as feasibilty study grants. Systems may be installed regardless of the source of back-up heating (not restricted to just electricity back-up). Third-party ownership is permitted. Rebates are calculated by multiplying $75 by the number of collectors and by the SRCC rating (for commercial installations, public installations are eligible for $150 multiplied by the collectors and the SRCC rating). There are adders available for components manufactured in Massachusetts, systems owners who participate in the MassCEC performance monitoring program, and system owners who have installed a solar PV system by the time of their application.
Applications are completed online by the installer. Pre-approval is required and the installation must occur within 9 months of receiving approval. MassCEC may inspect any system after it is installed.
* Although the Massachusetts Clean Energy Center calls these "grants," these incentives are first-come, first-served and are non-competitive as long as all the eligibility criteria are met. Therefore, it falls under the categorization of "rebate" according to DSIRE methodology.
Contact:
Information - Commonwealth Solar Hot Water
Massachusetts Clean Energy Center
55 Summer Street, 9th Floor
Boston, MA 02110
E-Mail: solarhotwater@masscec.com
Web Site: http://www.masscec.com/solarhotwater
looks like Jon Ricker's timing is perfect.
Interesting MMMW Facebook reply to poster's question regarding the MAT systems, MMMW mentions First Wind.... thoughts anyone?
https://www.facebook.com/pages/Mass-Megawatts-Wind-Power/964062443607485?sk=timeline
I'm not sure either, in the video CEO says 'that's our next project' talking about the landlord doing a project for 30 homes.
Think you may be right Mushuga, from the May 22nd PR:
Mass Megawatts Wind Power, Inc. Announces First Community Solar Project in Worcester, Massachusetts
Posted: May 22, 2014 9:27 AM EDT
Updated: May 22, 2014 11:00 PM EDT
WORCESTER, Mass. / May 22, 2014 / ACCESSWIRE / Mass Megawatts Wind Power, Inc. (OTCBB:MMMW) today announced that Worcester, Massachusetts would be the location of the company’s first Community Solar project that will allow residents and businesses to directly invest in solar power. With this plan, Mass Megawatts would develop and maintain solar power systems that investors can secure ownership in with the purchase of shares in 1 kW increments. The value of all solar power generation, including tax incentives, would be credited to the investors in proportion to their investment.
http://www.kswo.com/story/25587463/mass-megawatts-wind-power-inc-announces-first-community-solar-project-in-worcester-massachusetts
Is this PR saying they already had the project support back in May?
Up to 24 this morning for MMMW new Facebook page.
https://www.facebook.com/pages/Mass-Megawatts-Wind-Power/964062443607485
https://www.facebook.com/pages/Mass-Megawatts-Wind-Power/964062443607485?sk=timeline
Mass Megawatts FB page up!! Like, Invite and Share!
Didn't realize that made a difference. Thanks Captain
I think the only way would be if you asked Jon Ricker directly. In addition I also believe they will be using the already existing companies and their installers as was noted in a pre-existing message of mine some weeks ago. They were working with already established solar installers familiar with the 'Solarize Mass' project in the Springfield Mass area.
If anyone is interested, they dropped (a good thing) from 750,000 in Alexa ranking to 475,000ish since last Friday. People are spending an average of 6.15 minutes on the site. Up from 3 minutes last week, and bounce rate went from 25% to 22%.
http://www.alexa.com/siteinfo/massmegawatts.com
Roger that Captain, and the idea that the competition is already interested is very good for us.
I'm no expert but it needs to be posted on 'green' and alternative energy/solar FaceBook sites, etc... Then it trends on FB... but ., the drawback is Mass Megawatts doesn't have it's own FB page.... otherwise we could all share it to friends etc...
Hoping it goes viral!!
lol !! Yup, sure thing!! 927 views!!
Agreed Capt Smith, and we need a FaceBook page too.
836 views in 2 days