Global Warming Solutions (CE) (USOTC:GWSO)
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From Jul 2019 to Jul 2024
Global Warming Solutions, Inc. (Pink Sheets:GWSO) –
a developer of technologies aimed at mitigating the effects of global
warming – today announced that the company
initiated research and development for a small LETG Solar Power Plant
with a capacity of up to 1MW.
The LETG (Light Electric Thermal Generator) is a hybrid solar and
thermal energy technology that generates energy by heating up liquids
that circulate on the surface of a solar panel to produce electricity
even during periods of no sunlight.
Recently Global Warming Solutions announced that it was preparing to
develop a prototype electricity generating power plant based on the LETG
technology. The plant would be a combination of an LETG with a low
temperature thermal turbine.
“The LETG produces both electrical and thermal
energy,” said Dr. Alexander Kornaraki, Chief
Operating Officer of Global Warming Solutions. “Electrical
energy is produced by a photovoltaic process and thermal energy is
gathered by the LETG heat-transfer medium. We will now be adding a low
temperature heat to energy converter that will produce even more
electricity from the LETG.”
The rated levelized cost of developing the LETG Solar Power Plant is
projected to be 1.9-2.2 times less than the levelized cost of a
conventional Solar Thermal Plant.
A diagram of the LETG Solar Power Plant can be seen by visiting this
link: http://www.globalwarmingsolutions.com/images/powerplant_1.jpg
Global Warming Solutions is also preparing an in depth presentation of
its Solar Energy Technologies and will release it to investors and
partners in the next few days.
About Global Warming Solutions, Inc.
Global Warming Solutions develops and commercializes technologies that
help mitigate Global Warming and its effect on our planet. The Company
targets three areas that help reduce the extent of Global Warming and
fight issues that have arisen as a consequence: Clean Energy, Carbon
Control, and Water Purification. Current climate models predict that
global temperatures will rise sharply over the next century. The
increase in temperatures can be slowed or eliminated by decreasing the
amounts of greenhouse gases released into the Earth’s
atmosphere. Global Warming Solutions seeks to leverage its experience
and management to help make a difference in the fight for climate
control.
For more information visit the company website: http://www.globalwarmingsolutions.com
The information contained in this press release may include
forward-looking statements. Forward-looking statements usually contain
the words "estimate," "anticipate," "believe," "expect," or similar
expressions that involve risks and uncertainties. These risks and
uncertainties include the company's uncertain profitability, need for
significant capital, uncertainty concerning market acceptance of its
products, competition, limited service and manufacturing facilities,
dependence on technological developments and protection of its
intellectual property. The company's actual results could differ
materially from those discussed herein.