Press Release Summary = RenewableEnergyStocks.comT Looks at Water and Renewable Energy Technology Companies Providing Solutions to the Impacts of Fossil Fuel-Fired Plants
Press Release Body = Turning Power Plant Challenges into Clean Technology Opportunities
RenewableEnergyStocks.comT Looks at Water and Renewable Energy Technology Companies Providing Solutions to the Impacts of Fossil Fuel-Fired Plants
POINT ROBERTS, WA and DELTA, BC - October 5, 2006 - www.RenewableEnergyStocks.com (RES) and www.Water-Stocks.com (WS), leading investor and industry portals for the renewable energy and water sectors, look at how alternative energy and water technology offer viable and marketable solutions to the environmental impacts that stem from fossil fuel-fired power plants. Working to restore balance and turn power generation challenges into opportunities are clean energy companies Beacon Power Corp, XsunX, Inc. and NRG Energy, Inc. with ITT Corporation and Hendrx Corp providing solutions to protect our water quality and supply.
From a stock market perspective, while the demand for alternative sources of power and energy remains very strong as fuel prices and geopolitical tensions remain volatile, many companies within the renewable energy arena have seen their stock price decline significantly over the past several months. Short term, despite current market complacency, we may see an immediate spike as a result of a rise in oil prices or a power grid failure. Long term the potential for growth is supported by the constant flow of investments into the clean tech space and the continued presence of market drivers.
Evidence of the downward pressure felt by many alternative energy companies is seen through the movement in stock value of the portfolio that comprises the Distributed Energy Stock Index ('DESI'), which is made up of 41 stocks whose primary focus is distributed energy and technology solutions. Despite the declines, the existing market drivers and solid demand is believed to bode well for early 2007 performance. As Mr. Jamie Wimberly, Managing Partner and CEO of the Distributed Energy Financial Group, LLC states, "The DESI (and the sector using the DESI as a proxy) is slowly gaining ground again after a nasty second quarter. Comparing where we are today with this point in 2005, you will notice a possible pattern of slow growth in Q3 and Q4. If this pattern holds there is potential for rapid expansion in Q1 2007."
However, as the risks associated with traditional power production become more evident, clean energy technology in water and renewable energy has gained considerable industry momentum. Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX), developer of advanced manufacturing systems and cell structures for solar energy, describes, "We are in a global marketplace and there are different needs to be addressed. For example, in the United States, making renewable power part of our energy solution is becoming increasingly important. We have large legacy power stations where infrastructure remains, yet we can see they are bending and cracking. We have seen a keen awareness that our continued use of existing fossil-based power sources have actually paid for and supported hostile forces that have instigated national security issues, including terrorist attacks."
According to Gene Hunt, Director of Corporate Communications for Beacon Power Corporation, a flywheel energy storage technology developer now aiming at the grid frequency regulation market, there are several key factors surrounding our existing power system which are creating opportunities for clean energy industry participants. "The market is currently being driven by a) the ongoing deregulation of the grid\'s operating regions, allowing third parties to provide ancillary services such as frequency regulation, b) the expected continued rising cost of fossil fuels like oil and natural gas (which form the cost basis for conventional regulation service providers), and c) the increasing demand for electricity, which in turn drives increased need for regulation."
NRG Energy, Inc. (NYSE: NRG) follows a multi-fuel, multi-region business model which has led the Company to the establishment of a truly diversified energy portfolio. Thad Hill, Executive Vice President, Corporate Business Development and Strategic Planning for NRG Energy, explains, "We believe that the United States is going to need a lot of investments to meet its power and energy needs. In light of this we launched an infrastructure development plan to be rolled out over the next ten years to help meet the nation's demands. We believe a broad multi-fuel based re-powering program is needed to meet the growing energy needs. As a result our plan includes gas, clean coal, wind as well as nuclear."
Traditional power plants and their reliance on water for cooling have contributed to escalating supply shortages, and water contamination, escalating the demand for technological solutions. As George Solymar, CEO of Hendrx Corp (OTCBB: HDRX), explains, "The increasing use of water for electric power and other uses, such as agriculture and industry, puts a tremendous strain on the availability of potable drinking water for human consumption. Drinking water is becoming scarce on a global scale. This scarcity continues to get worse with the new emerging industry giants gobbling up huge quantities of water to feed their hunger for energy."
"Hendrx's AWG technology takes the water vapors right out of the air. Using our devices, a consumer is at the front of the line as far as water consumption is concerned. He does not have to compete with commercial interests. He is essentially tapping a cloud," adds Solymar.
ITT Corporation (NYSE: ITT), a global leader in the transport, treatment and control of water, and wastewater, providing a variety of technologies for power plants to help reduce water contamination and facilitate water efficiency, sees the mindset of most modern utilities changing to that of being concerned about environmental impacts. "Be it for their own environmental consciousness or the fact that they are being driven this way by local regulations, the tide is changing," states Bjorn VonEuler, Director of Corporation Communications.
To Read the Full Article: http://www.renewableenergystocks.com/Articles/100506a.asp
Featured Clean Tech Sponsors: (RES and WS are compensated by XsunX and Hendrx as disclosed in disclaimer below)
XsunX, Inc. (OTCBB: XSNX) For More Info: http://www.renewableenergystocks.com/CO/XSNX/Default.asp
Hendrx Corp (OTCBB: HDRX) For More Info: http://www.water-stocks.com/CO/HDRX/
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For more information contact:
Dawn Van Zant 800.665.0411 Ann-Marie Fleming 866.725.2554 Email: dvanzant@investorideas.com, or afleming@investorideas.com
Source: RenewableEnergyStocks.comT, Beacon Power Corp, XsunX, Inc., NRG Energy, Inc., ITT Corporation, Hendrx Corp
Web Site = http://www.renewableEnergyStocks.com
Contact Details = Dawn Van Zant 800.665.0411 Ann-Marie Fleming 866.725.2554 Email: dvanzant@investorideas.com, or afleming@investorideas.com
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