Clean Enviro Tech (OTCBB: CETC / Berlin: A1KB22, ISIN: US18452C1080, SYMBOL: SO3A), After Securing $2,000,000(US) Loan and Po...
May 23 2013 - 7:30AM
Marketwired
Clean Enviro Tech (OTCBB: CETC) (BERLIN: A1KB22) (ISIN:
US18452C1080) (SYMBOL: SO3A) (www.cleanenvirotech.com), an emerging
leader in the development and marketing of next generation
lithium-ion powered batteries worldwide and a leading developer of
residential, Solar Concentrating, Electric Power Generation Systems
able to produce in excess of 2,000 WATTS (2 Kilowatts (kw)) of
electric power, with zero emissions using sunlight as the only
fuel, has achieved significant advancements in the area of heat
dissipation utilizing proprietary technology, combining two
components into one unit enhancing the overall operation and
functional aspect of the device.
Based on the recent ground breaking developments in
technological advancement of the proprietary Heat Sink to dissipate
the heat associated with concentrating 500 Suns to a focal point,
the company has elected to amend its filings associated with the
intellectual property for the design of the Clean Enviro Tech,
Residential, Concentrating, Solar Electric Generation unit.
Clean Enviro Tech has achieved success where others have failed
and it's to the utmost importance to secure protections for this
new, game changing technology.
Using a Parabolic Dish, the Clean Enviro Tech unit concentrates
the power of 500 SUNS onto a focal point creating a tremendous
amount of heat in addition to the electrical output generated from
the Concentrating Photovoltaic cells. This recent breakthrough
provides efficient heat dissipation while allowing the Photovoltaic
Cells to function within a safe temperature range under normal
operating conditions, preventing damage to the unit related to the
extreme heat associated with concentrated sun light.
Individual Photovoltaic (PV) Cells are mounted to a proprietary
heat sink insulator, which in turn is mounted to a larger copper
heat sink that is fluid cooled. Recent testing of the redesigned
Heat Sink showed enhanced heat dissipation with outlet temperatures
30% lower than previous versions. Volumetric flow rate of the
coolant has been reduced to less than 2 liters per minute and is
circulated by a small pump in a closed loop.
By mounting the cells to the heat sink in this manner, Clean
Enviro has been able to create a modular cell that can be mounted
in many different arrays with a very high packing factor, therefore
attaining the most energy possible from the concentrated
sunlight.
The unique design of the Clean Enviro Tech Residential system
gives homeowners, for the first time, access to advanced
concentrating Photovoltaic technology combined with sun tracking
while taking only about 1/3 the space compared to standard solar
Photovoltaic panels.
The Clean Enviro Tech residential solar power station will have
the ability to reduce the average user's monthly electric grid
consumption by up to 30-40% with ZERO emissions using only the
power of the Sun.
The entry level price point for a Clean Enviro Tech-Concentrated
Solar electric system is estimated to be $5,000 upon release. Many
financial incentives are available which reduce the user's actual
costs and vary by location. Multiple units can be combined for
increased capacity.
The Energy Information Administration reports that the growth of
electric generating capacity is expected to decline after 2012 and
remain below 7 gigawatts per year until 2025. A construction boom
in the early 2000s saw capacity additions averaging 35 gigawatts
per year, much higher than had been seen before. More recently,
average annual builds have dropped to around 16 gigawatts per year
creating a significant shortfall looking forward. Growth of
consumption is expected to far exceed the growth of capacity
resulting in the need to accommodate the demand. Clean Enviro Tech
realizes growth in consumer acceptance of all electric cars will
place an increased burden on the US and other countries' Electric
Grids. At the same time growth of electrical power capacity is
expected to decline. Clean Enviro Tech is geared to respond to this
need with the development and potential sales of our proprietary
Residential Stand-Alone, Solar concentrating, electric generation
system.
Electric consumption in the United States is increasing at a
rate that will outpace the anticipated expansion of the US Electric
Grid's capacity and Clean Enviro Tech is poised for expansion into
the Residential Electric Power Generation market to allow end users
to generate and return 30-40% of their electric usage back to the
grid using "Net-Metering" and the Clean Enviro Tech System. Clean
Enviro Tech is moving to meet this demand by lowering grid
consumption of the users of the Residential Solar Generation
System. This will augment the Electric Grid by producing and
sending electricity from the residential users' surplus into the
grid, thereby causing the users' electric meters to run backwards,
reducing their electric bills, and more importantly adding needed
power to a stressed grid.
FORWARD LOOKING STATEMENT:
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ.
CONTACT INFORMATION: About Clean Enviro Tech:
www.cleanenvirotech.com www.cleanenvirotech.de For further
information: info@cleanenvirotech.com