ANNAPOLIS, MD -- (Marketwired) -- 07/08/13 -- Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the "Company"), the inventor of a large Solar Wind Downdraft Tower structure capable of producing abundant, inexpensive electricity, issued a statement today from Ron Pickett, CEO:
A CNBC.COM article entitled "Second Wind: Renewable Energy Down but Not Out," written by Javier E. David, appeared on June 30. David reports: "Two events occurred that could point to a new second wind for the battered alternative energy sector. President Obama unveiled a broad swath of measures to combat carbon emissions, including new funding for clean energy technology and setting a goal to double the amount of electricity generated by wind and solar. Second, the International Energy Agency (IEA) released a report forecasting that renewable energy -- wind, solar, biofuels and the like -- will eclipse natural gas and nuclear as a source of electricity by 2016. Experts say the President's new measures underscore how alternative energy may be carving itself a niche in energy markets as more of a helpmate of electric power, especially with coal -- the primary source of domestic electricity and a major pollutant -- falling out of favor in some circles."
We have always known that our Company has been on the cutting edge of the alternative energy market sector, and this certainly is great trending news for SWET. As a result of the recent breakthrough engineering enhancements to our Energy Tower, SWET is poised to take a leading role in the production of affordable alternative electric energy.
Solar Wind Energy can now evaluate potential Tower sites, as well as advise and predict the amount of electricity that can be produced in a specific region. Multiple Towers can be deployed in "Compounds" using the same cranes, water source, delivery, manufacturing, construction systems and labor forces. Solar Wind Energy's involvement in each project is to facilitate the Tower's development with its expertise and intellectual property.
Our strategic mission is to engineer, design, develop and enable the construction of the most energy efficient and cost effective source of clean power available, enabling financially productive clean energy without the subsidies required by conventional solar and wind projects.
As we have consistently stated, the Company's business plan involves "partnering" with various entities, such as utilities, sovereign nations and independent power sources, to bring this solution to the market as rapidly as possible. Each Solar Wind Downdraft Tower is its own independent project. Solar Wind Energy will receive development fees, licensing fees and royalties on power sales from each project and/or ownership interests.
About Solar Wind Energy, Inc.
Solar Wind Energy, Inc. ("Solar Wind Energy"), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to commercialize a number of proven, validated technologies and construction systems into a single large Solar Wind Downdraft Tower structure that produces abundant, inexpensive electricity. Our Company's core objective and focus is to become a leading provider of clean, efficient green energy to the world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions for tomorrow's electrical power needs.
Innovative Renewable Hybrid Solar / Wind Energy Technology
We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft Tower structure, a hollow cylinder reaching skyward into the hot, dry atmosphere heated by the solar rays of the sun. The water introduced by the injection system near the top of the Tower evaporates and is absorbed by the hot, dry air. The air becomes cooler, denser and heavier than the outside warmer air and falls through the cylinder at speeds up to and in excess of 50 mph and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
Abundant, Clean, Affordable Electricity Production
The Company has successfully managed to downsize and economize the Tower, reducing capital costs and improving projected financial performance. Solar Wind Energy Tower recently announced the completion of weather data models that confirm that the first tower height can be lowered from 3,000 feet down to 2,250 feet. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given local weather data. By feeding the weather data into the program, the tower's height and diameter can be adjusted along with the amount of water added as fuel to create a desired amount of energy. The outcome dictates the optimum size of the tower's height and width.
Under the most recent design specifications, the first San Luis Tower has a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Using a 60% capacity factor, the tower's potential hourly yield would be 600 megawatt hours from which approximately 18.5% will be used to power its operations, yielding approximately 500 megawatt hours available for sale to the power grid. Due to lower capacities during winter days, the average daily output for sale to the grid for the entire year is approximately 435 megawatt hours.
In addition to constructing Solar Wind Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for electricity. Solar Wind Energy has assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring the idea to market. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy, Inc., based in Annapolis, MD, is traded on the OTCQB under the symbol 'SWET.' For more information visit www.solarwindenergytower.com
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements." Actual results may differ materially from those projected in forward-looking statements. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Annapolis, Maryland 21401
Phone: (310) 497 8817
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