EVM – Australian Securities Exchange
EnviroMission is actively targeting the United States for locations for their Solar Tower Technology but they’ve been around for a while in Australia.
Enviromission hopes to supply solar energy to customers. Solar now accounts for only about 1% of the total electricity produced in the U.S. The U.S. is one of the sunniest countries in the developed world–even a far northern state like Maine has more sunny days per year than Germany.
Providing commercial solar power includes a solar generation company’s application for permission, state by state, from individual utilities to connect a solar plant to their grid and adherence to codes at the city level. The Department of Energy’s new solar-power initiative is designed to educate local utilities and regulators. Enviromission has targeted California, Nevada Arizona, New Mexico and Texas and finds these states open to their product.
The Department of Energy has predicted that the U.S. will need to add capacity, about 20 megawatts a year over the next decade, to meet rising demand. If Congress passes a bill currently being drafted that would call for 15 percent of power to come from renewable sources by 2020, the entire country would have a standard. Sen. Jeff Bingaman, Democrat from New Mexico, is drafting such a bill.
In 2005, U.S. renewable power in the form of geothermal, wind, solar and biomass power accounted for about 2.3 percent of overall U.S. electricity used, with hydroelectricity accounting for another 6.5 percent, according to the federal Energy Information Administration.
A burst of new solar technology will help the United States cut its reliance on fossil fuels. Harnessing the sun’s energy with technological breakthroughs have sharply cut the cost of producing electricity from solar energy since the 1980s, with interest in the clean power source rising in the midst of a spike in fossil fuel costs and worries over climate change. The growing interest in solar power and other renewable fuels coincides with the government’s move to bolster energy security by reducing U.S. dependence on foreign oil.
Enviromission plans to be part of the renewable energy process in the United States.
Link Here to the Australian Securities Exchange under their symbol: EVM.
On February 28, 2006, Enviromission filed a “Half Yearly Report” which can be found by linking to the PDF on the ASX site.
Source: EnviroMission and Reuters
5110 N. 44th Street, Suite L200
Phoenix, AZ 85018
(602) 343-8190
EnviroMission
3 Raglan Street
Suite Ground Floor
South Melbourne, VIC 3205
AUS
Website: http://www.enviromission.com.au
Phone: 61 3 9693 5666
About EnviroMission, Ltd.: EnviroMission, Ltd. is a renewable energy developer of sustainable “green” energy solutions for the energy market. EnviroMission holds the proprietary rights to Solar Tower technology, a large-scale renewable energy technology based on simple fundamentals of physics.
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