QualityStocks would like to highlight
Solar Wind Energy Tower, Inc. (
OTCBB: SWET), focused on commercializing a number of proven, validated technologies and construction systems into a single large Solar Wind Downdraft Tower structure that produces abundant, inexpensive electricity. The company's core objective is to become a leading provider of clean, efficient energy at a reasonable cost, while continuing to generate innovative technological solutions for tomorrow's electrical power needs.
In the company’s news,
Solar Wind Energy has developed a dramatic new and efficient approach to getting energy from the sun, showing how new technologies are leading to new cost efficiencies.
When talking about renewable energy, one of the first points inevitably brought up is the fact that the development and implementation of such resources are frequently subsidized in one form or another. Over and above consideration of the short and long term costs of pollution, subsidies are an understandable concern, given that such subsidies must ultimately be met out of the pockets of the taxpayer. Fossil fuels are still relatively cheap, at least up front, and the feeling is that renewable resources are unable to carry their own weight.
It’s not surprising that renewable energy sources would be more expensive than traditional fossil fuels. After all, fossil fuels are the result of years of accumulated energy savings, the product of sunshine captured in plants, and eventually in animals, that we are only now digging up and using. We’re tapping into a vast global energy savings account, which makes things relatively cheap and easy at first. Then, as the account starts to dwindle, things get tougher and more expensive. Renewable resources, on the other hand, have no real account from which to draw. In the renewables world, energy used is energy that must be produced. Seen from that angle, it’s the fossil fuel industry that is unable to carry its own weight.
What is perhaps surprising is that technology has been so successful in improving the raw cost effectiveness of renewable energy. In just the past few decades, the cost per watt of photovoltaic power has plummeted by roughly 80%. The cost of wind power has dropped even more. Although technology also continues to be used to improve fossil fuel access, the possibility that renewable resources will soon be able to match or even undercut the cost of fossil fuels is no longer thought unrealistic, a very common attitude in years past. Technology has opened up an entire set of new renewable energy doors.
The most recent example is Maryland-based Solar Wind Energy, developers of a dramatic new way to capture the sun’s energy. Their revolutionary system, in the process of moving from the drawing board to operation, uses the sun-generated heat in the atmosphere to create wind. It’s an approach that has a number of advantages of wind and solar generation, and is like nothing else before.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
