![]() |
| Types of Fuel Cells | The Basics | Fuel Cell News | Search | |
|
|
U.S. Wind Farming, Inc. has signed an agreement with American and international corporate partners to develop and own a 100-Megawatt Wind Energy Electricity/Hydrogen Cooperative in the Baltic Coast area in Poland. Agreement has already been reached with the State-owned electrical utility to purchase the electricity produced. Contracts for the purchase of the hydrogen produced are in negotiations. The Government of Poland will provide the project with a $10,000,000 grant after the other funding arrangements are in place. Financing for the construction and equipment for this Wind Energy Electricity/Hydrogen Cooperative is being packaged by USWF's New York investment bankers, utilizing a variety of U.S. and international public/private mechanisms that are available for the financing of new and renewable sources of energy. Based on energy demand and price calculations in Poland's Baltic Coast area, USWF estimates that it will realize $10,000,000 in annual profits from this Cooperative alone.
USWF will be utilizing its "next generation" Renewable Energy Systems Technology for the Baltic Coast project. Current Wind Farms can only deliver electricity to the electrical utilities as the wind dictates with no storage of energy. Therefore, the purchasers of the electricity they generate pay prime prices for the electricity only during Peak Demand times. But with USWF's "next generation" technology, the Wind Energy Electricity/Hydrogen Cooperative garners Peak prices for both commodities all the time.
The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements that are not historical facts are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
~
|
|