International Power Group Ltd (IPWG)

[gappa2]

Vick: No, Add Power has been demonstrated in Sweden. If you go back and read the old Pr's .They have a unit there that was/Is running to produce electricity. Enough for 30,000 or 300,000 homes, can't remember. Any way, that was a small unit 250 kw unit. It was used to test out the technology. It worked fine.

The story was that NRec would fund the development of a large unit/units. Larger units have a quicker payback and are more cost effective. there is also a greater demand for them. Large units sell for more money. rumor had it around 2.5 to 4.5 million each with a two year pay back on your investment.

these units may also produce carbon credits for industries that pollute. these credits are marketable and are another source of income. Depending how the Obama Admin handles the legislation here, seems to be something that will eventually be implemented. Add power could offset those costs.In Europe some of the carbon credit thing may be going on......not really sure on those details. I don't follow it.