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Cleantech Transit Inc. Provides Additional Details After Achieving Success on the 500 KW Facility
tweet0EmailPrint..Companies:Cleantech Transit, Inc..Related Quotes Symbol Price Change CLNO.OB 0.2370 0.00 {"s" : "clno.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Cleantech Transit Inc. On Thursday June 2, 2011, 5:00 am EDT LAS VEGAS, NV--(Marketwire - 06/02/11) - Cleantech Transit Inc. ("Cleantech") (OTC.BB:CLNO - News) is pleased to provide additional details after achieving success on the 500 KW facility and successfully moving past the interconnection testing stage. Coming on the recent success at the 500KW facility in Merced, California this poises Phoenix Energy to become a leading developer of renewable biomass distributed generation plants that utilize local resources for local energy. Currently there are two additional projects being pre-certified by Phoenix Energy in California. The projects are each projected to be 1 MW biomass gasification facilities that will provide both electricity and process heat energy. Each facility will provide enough electricity to power approximately 800 homes as well as process heat to be used in drying agricultural products. The projects are expected to complete by the end of 2012. Phoenix Energy is an owner/operator of small-scale distributed energy plants that produce electricity, heat and biochar in partnership with businesses in the Ag, forestry and urban biomass sectors. The Company promotes a model of sustainability by bringing small, sustainable power plants to the site of energy demand and biomass residues. Cleantech will be providing details on the expecting closing date of its initial investment into Phoenix Energy in the coming weeks. About Cleantech Transit Inc. Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy has to offer. For more information, visit CleanTech Transit Corp. |
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