News | February 21, 2008

Global Warming Solutions Initiates R&D For 1MW LETG Solar Power Plant

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Houston, TX - Global Warming Solutions, Inc., a developer of technologies aimed at mitigating the effects of global warming, recently announced that the company initiated research and development for a small LETG Solar Power Plant with a capacity of up to 1MW.

The LETG (Light Electric Thermal Generator) is a hybrid solar and thermal energy technology that generates energy by heating up liquids that circulate on the surface of a solar panel to produce electricity even during periods of no sunlight.

Recently Global Warming Solutions announced that it was preparing to develop a prototype electricity generating power plant based on the LETG technology. The plant would be a combination of an LETG with a low temperature thermal turbine.

"The LETG produces both electrical and thermal energy," said Dr. Alexander Kornaraki, Chief Operating Officer of Global Warming Solutions. "Electrical energy is produced by a photovoltaic process and thermal energy is gathered by the LETG heat-transfer medium. We will now be adding a low temperature heat to energy converter that will produce even more electricity from the LETG."

The rated levelized cost of developing the LETG Solar Power Plant is projected to be 1.9-2.2 times less than the levelized cost of a conventional Solar Thermal Plant.

Global Warming Solutions is also preparing an in depth presentation of its Solar Energy Technologies and will release it to investors and partners in the next few days.

SOURCE: Global Warming Solutions, Inc.