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IAUS - International Automated Systems Inc. http://www.iaus.com Founded in 1988, International Automated Systems Inc. develops high-technology products for diverse markets such as energy production, wireless communications, consumer purchasing and financial transactions. The company, founded by a former AT&T communications engineer, is based in Salem, Utah.
SALEM, Utah--(BUSINESS WIRE)--Feb. 9, 2006--International Automated Systems Inc. (OTCBB: IAUS - News) has signed a $150 million purchase and installation contract to install a turnkey 100-megawatt power plant for Solar Renewable Energy-1 LLC of Nevada.
The Nevada installation will showcase IAUS' solar collector lenses, which generate steam to its patented turbines for solar thermal-generated power. Low-cost energy produced by IAUS' new solar technology can be used to generate electricity or produce clean fuels such as hydrogen and green methanol (gasoline replacements) at a competitive price. IAUS' unique thin-film solar panels can be produced at a fraction of the cost of today's photovoltaic solar panels.
After viewing IAUS' proprietary technology, Charlie Vaughn, PE, former president of Nevada Power's coal subsidiary and former vice president of power generation for Nevada Power, stated, "The turbine with the rocket nozzle is so simple; it can be operated almost at will. I'm surprised someone didn't think of it before now. But, the item that places this solar technology in the same play park with fossil-fuel technologies today is the new solar panel. This is a real breakthrough in cost for renewable energy."
The thin acrylic lens focuses the sun like a huge magnifying glass on heat receivers. The solar collector, in combination with IAUS' bladeless turbine, equals lower capital costs and maintenance, plus higher efficiency. This enables IAUS and its customers to compete with the increasing cost in the fossil-fuel energy market ... with low-cost renewable energy.
Vaughn is CEO of Solar Renewable Energy-1 LLC. The contract has conditions for the 550-acre project, including finalizing the funding agreement. The power purchase agreement for the solar power is to be consummated and approved by the Public Utility Commission Nevada.
The state of Nevada legislature requires and mandates that 9% of electricity sales in 2006 be renewable energy. This requirement will continue to increase until 2015, when it reaches 20%. Solar energy will help satisfy this Renewable Portfolio Standard (RPS). Nevada's Lieutenant Governor, Loraine Hunt, has stated that, "Nevada's abundant sunshine has the potential to become the Middle East of renewable energy."
Rising oil prices and an ailing environment has got everyone looking for an alternative fuel solution. Honda has tried to address these issues with its FCX, a hydrogen-powered fuel cell car that is set to begin production “within three or four years.” The concept vehicle looks like a stretched-out version the new Civic sedan with some Dodge Intrepid-ish influence, but look under the trunk and discover some fuel cells that can cut fuel costs in half.
Calling the FCX “hydrogen-powered” is a bit of misnomer however, as the hydrogen needed for the fuel cells is derived from natural gas using Honda’s “Home Energy Station.” This station can also be used in fuel cells to supply electricity to your home. With each refill in your garage, the FCX is said to be able to go 350 miles, so we’re not really sure how you’d manage if you were planning a road trip.
Because the natural gas and hydrogen would still need to be “manufactured”, this vehicle does not eliminate pollution altogether; rather, it simply displaces it. That said, it is clearly a “greener” car, and it presents another step to a world of hybrids and other enviro-friendly people-movers.
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