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.”
RES does not make recommendations, but offers a unique free information portal to research news, articles, interviews and a growing list of participating public companies in the renewable energy industry.
Featured Companies: (RES is compensated by companies as disclosed in disclaimer.)
SmartCool Systems, Inc. (OTC.PK: SSCFF; TSX.V.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.
XsunX, Inc (OTCBB: XSNX) is the developer of Power Glass™ - 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.
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Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All information relating to featured companies is sourced from public documents and/or the company and is not the opinion of our web sites. These sites are currently compensated for by its "featured companies." SmartCool Systems, Inc. (OTC.PK: SSCFF; TSXV: 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.com, SSC, XSNX