California Leads the Way Through Largest U.S. Solar Program to Date
POINT ROBERTS, WASHINGTON - Jan. 18, 2006 -
www.RenewableEnergyStocks.com (RES) an investor and industry
news portal for the renewable energy sector, provides an
update on the renewables market as the California Solar
Initiative moves forward. On January 12th the California
Public Utilities Commission (PUC) approved the California
Solar Initiative (CSI), which provides $2.9 billion in
incentives from 2007 - 2017 to help promote the development
of solar power.
This program is aimed at reducing the costs
of solar technology for State consumers as California move
towards cleaner energy solutions. The CSI represents
the largest program of its kind in the United States,
setting an example that many hope will lead to
nationwide growth opportunities within the renewable
energy arena.
"The California Solar Initiative is the largest solar program in
the country and I hope it will be a model for other states.
The program will be a major source of dependable and
environmentally friendly electricity, and is a major tool
in the State's promise to address climate change and meet
the Governor's goals to reduce greenhouse gas emissions,"
stated PUC Commissioner Dian M. Grueneich.
It is believed that this program will help to stabilize and
solidify the market for solar technology, benefiting consumers
as well as participating companies operating within this
space. Dr. Robert Wilder, CEO & Founder of Wildershares,
LLC and Manager of the WilderHill Clean Energy Index explains,
"Many solar companies have already sold out all their
panels for this entire year and some into the next year,
so this isn't so much going to create wanted demand - the
demand is there now. Instead, it's going to ensure a
more stable scenario for the future.
Producers of raw
silicon for panels will ramp up with less risk now, as
they look five or ten years out. This Initiative will
also help kick-start other States and even Nations to
grow their solar programs. Germany and Japan have
benefited so far with the jobs created and growth
from their ambitious programs, and now it's
California's turn. I'm proud that the State is going
to generate economic growth and new jobs, enacting
this smarter energy policy that's a win-win all around."
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Featured Companies: (RES is compensated by companies as
disclosed in disclaimer.)
SmartCool Systems, Inc. (OTC.PK: SSCFF; TSX VENTURE: SSC),
a marketer of advanced energy saving technologies which
reduce the electricity consumption (Kwh) and maximum
demand (Kw/KVA) of refrigeration and air conditioning
compressors. As a distributor of the Abbotly System 4000
Energy Savings Module (ESM)®; a system of micro-computer
digital optimization modules which work with existing
compressor equipment and controls, SmartCool enables
businesses to reduce the electricity usage of refrigeration
and air conditioning compressors by 10% to 20% while
maintaining temperature performance.
Over 25,000
ESM's have been installed throughout the world since
1986 and in 2003 they reduced electricity consumption
by 213,000 Mwh and Greenhouse Gas emissions by
250,000 tons resulting in cost savings of $20,000,000.
The Company holds exclusive distribution rights for
the ESM in Canada and the American states of New
York, Arizona, Nevada, Colorado, New Hampshire,
Rhode Island, Massachusetts, Connecticut, New
Mexico, Vermont, Maine, and New Jersey.
For more information on SmartCool click here
XsunX, Inc. (OTCBB: XSNX) is the developer of Power
Glass(TM) - an innovative thin film solar technology
that allows glass windows to produce electricity from the
power of the sun. This proprietary process is intended
to allow manufacturers to apply a transparent and
photovoltaic glazing to glass and other transparent
substrates. When XsunX glazing is exposed to light,
the light energy is converted into electrical energy
for use as a power source. XsunX believes that its
solar electric glazing technology has a number of
major market opportunities in the worldwide architectural
glass, optical film and plastics markets.
For more information on XsunX, click here
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SmartCool Systems, Inc. (OTC.PK: SSCFF; TSX VENTURE: SSC)
Three thousand dollars per month, plus 100,000 stock
options. XSUNX Inc. (OTCBB: XSNX) Three thousand five
hundred dollars per month and two thousand equivalent
in one forty-four shares.
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Source: RenewableEnergyStocks.comSmartCool Systems, Inc.XsunX, Inc.
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