Solar Wind Energy Tower, Inc. Announces Participat
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Posted On: 06/18/2018 2:05:16 PM
Solar Wind Energy Tower, Inc. Announces Participation in Pilot Project
8:30 am ET June 15, 2018 (Globe Newswire)
Solar Wind Energy Tower, Inc. (USOTC:SWET) (the "Company"
, the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive, renewable electricity to meet the world's increasing demand, announced today that it will be participating in and supporting a pilot project to be conducted by Solar Repurposing, LLC. The pilot will demonstrate the principle of retrofitting an abandoned tall smoke stack to repurpose it to create downdraft winds inside the stack which will be compressed and channeled into a wind tunnel.
The owners of the power plant have entered into an agreement with Solar Repurposing, LLC and the Company to assist with the preparation of the stack for the project as well as allowing for its use. Solar Repurposing, LLC with the full support of the Company plans to pursue the abandoned stack repurposing market to convert these abandoned stacks to energy producers. This pilot is designed to demonstrate the physical principle that the evaporative process produces a downdraft of cold air that will fall within an enclosed tower, at predictable wind speeds, that compress the wind into wind tunnels creating higher wind velocities, which can spin one or more turbine(s) and produce electricity. Solar Repurposing, LLC also intends to evaluate the results of the pilot in conjunction with the methods outlined in a recent patent application filed by the Company on June 12, 2018.
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary, Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.
For more information, please visit:
http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytower and https://twitter.com/SWETower and https://www.arizonagreenpower.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).
Contact:
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com
https://resource.globenewswire.com/Resource/D...b2f?size=1
8:30 am ET June 15, 2018 (Globe Newswire)
Solar Wind Energy Tower, Inc. (USOTC:SWET) (the "Company"
, the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive, renewable electricity to meet the world's increasing demand, announced today that it will be participating in and supporting a pilot project to be conducted by Solar Repurposing, LLC. The pilot will demonstrate the principle of retrofitting an abandoned tall smoke stack to repurpose it to create downdraft winds inside the stack which will be compressed and channeled into a wind tunnel. The owners of the power plant have entered into an agreement with Solar Repurposing, LLC and the Company to assist with the preparation of the stack for the project as well as allowing for its use. Solar Repurposing, LLC with the full support of the Company plans to pursue the abandoned stack repurposing market to convert these abandoned stacks to energy producers. This pilot is designed to demonstrate the physical principle that the evaporative process produces a downdraft of cold air that will fall within an enclosed tower, at predictable wind speeds, that compress the wind into wind tunnels creating higher wind velocities, which can spin one or more turbine(s) and produce electricity. Solar Repurposing, LLC also intends to evaluate the results of the pilot in conjunction with the methods outlined in a recent patent application filed by the Company on June 12, 2018.
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary, Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.
For more information, please visit:
http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytower and https://twitter.com/SWETower and https://www.arizonagreenpower.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).
Contact:
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com
https://resource.globenewswire.com/Resource/D...b2f?size=1
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