WWEN W2 Energy Inc. to Develop Reactor Capable of Being Powered by Solar Energy
W2 Energy Inc. (PINKSHEETS: WWEN) (FRANFURT: WJD), a developer of Green Energy, is pleased to announce that it will begin development to modify its non-thermal plasma reactor technology to be powered by solar energy.
Mr. Michael McLaren, CEO, states, "We believe that this technology could be the first of its kind in the gasification field. The units will be smaller, transportable reactors for use in remote or off-grid situations. The product will be developed in partnership with solar power companies with experience with applications ranging from 10-20 kilowatts. The company is presently in negotiations with several companies at the moment that fit these criteria."
The project was approved by the officers of the company as it required very little change to our current reactor technology and would allow the company to access a large market that was currently without competition without defocusing the company from current projects.
Because of the manner in which the W2 Energy non-thermal plasma technology works it is possible to run the reactor from alternate power sources like solar or wind. The plasma is relatively low power and acts as a catalyst using the energy stored in the feedstock to assist in the gasification process.
Mr. Michael McLaren states, "By being able to power our reactor technology from alternate sources like solar, wind and small hydro, the product opens itself up to enormous possibilities in the oil field as well as remote areas where gridline power is just not available. Stranded natural gas wells and stranded coal bed methane deposits would now be converted to liquid fuels without using a significant portion of your product to power the system thus increasing efficiencies and creating a lower cost fuel from these types of resources."
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
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