This announcement came through our TMCnet news feeds today:
Site Secured for Solar Power Breakthrough; New Low-Cost Solar Energy May Replace Gas
International Automated Systems Inc. (IAUS) announced that it secured a site in Southern California for an initial solar electric generating plant. The company claims that its technologies are capable of generating electricity competitively, as well as producing hydrogen and green methanol. This initial plant will generate 1 megawatt, but the company hopes to expand that "beyond several hundred Megawatts."
The plant is due for completion soon -- first quarter 2006.
Neldon Johnson, CEO of IAUS, says that the company's technology "is a discovery of historical proportions that we hope will revolutionize energy production throughout the world."
Today's news release says:
"A solar area of only 100 miles squared -- a size of land that equals only 9 percent of the state of Nevada -- can generate enough electricity for the entire United States."
AB -- 9/29/05
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