AFPW .0008 MMJ News> NovoFuel Finalizes Design of Pilot Renewable Energy System to Support Cannabis Cultivation
Date : 06/05/2014 @ 9:00AM
Source : Marketwired
Stock : Alumifuel Power Corp. (PC) (AFPW)
Quote : 0.0008 0.0 (0.00%) @ 8:01AM
NovoFuel Finalizes Design of Pilot Renewable Energy System to Support Cannabis Cultivation
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NovoFuel Finalizes Design of Pilot Renewable Energy System to Support Cannabis Cultivation
PHILADELPHIA, PA--(Marketwired - Jun 5, 2014) - Early production stage hydrogen generation company, NovoFuel, Inc. (NovoFuel), a wholly-owned subsidiary of AlumiFuel Power Corporation (OTCQB: AFPW), announced today that it has completed the design of a Renewable Energy System (RES) to meet the rapidly expanding energy requirements of legal marijuana growers in the U.S. and Canada, an emerging multi-billion dollar market. (See AFPW news release of April 10, 2014).
The energy intensive profile of marijuana cultivation operations has triggered a serious problem with the use of local grid power to assure successful cultivation -- involving special lights, heat, air conditioning, dehumidifiers, driers and other ancillary equipment for indoor facilities, and massive irrigation for outdoor locations.
The microgrid modeling analysis resulted in the development of a range of optimized RES configurations for various cultivation scenarios, and the design of a pilot RES system for a specific location in Michigan (one of the now 22 US states to legalize medical marijuana). In the Michigan pilot site solution, off-grid Renewable Energy Systems would provide 52% of the total required energy load on site, supplementing and reducing the reliance on local utility grid power. These integrated RES components include mini-wind turbine systems, solar panel (photovoltaic) systems, large format lithium-ion batteries, and, where applicable, hydrogen fuel cells -- all integrated by a world-class real-time microgrid energy management and control system. For the Michigan site, specific commercially available hardware has been selected.
According to the NovoFuel plan, once the pilot configuration is fully tested out, installed, and passes site acceptance, comparable RES solutions would be expanded to other locations and other states, as well as Canada. In this process, as is the case in Michigan, NovoFuel would actively work with growers and electric power contractors in the local areas.
RES solutions are also ideal to power irrigation for large scale outdoor cannabis cultivation and other farming applications, where the required energy can be provided totally off-grid, with a reduced life-cycle cost over a 20-year period. RES components are one-fifth the cost of comparable fossil-fuel generators, eliminate harmful emissions, and lessen the need for foreign oil.
Mr. David Cade, President and CEO of NovoFuel, said: "We are pleased and proud to be at the leading edge of developing integrated renewable energy solutions for such an enormous new market."
About NovoFuel,Inc.
NovoFuel, Inc., a wholly owned operating subsidiary of AlumiFuel Power Corporation, is an early production stage alternative energy company that generates hydrogen gas and heat through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. The Company's hydrogen generation feeds fuel cells for backup and portable power, provides lift gas for weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is also being designed and developed to power fuel cell-based and turbine-based undersea propulsion and auxiliary power systems. The Company has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
CONTACTS:
AlumiFuel Power Investor Relations:
AlumiFuel Power Corporation
Tom Olson
Corporate Secretary
303-796-8940
NovoFuel Technical Information & Marketing:
Email Contact
610-660-7775
