Industry News: Google and Warren Buffet Invest Billions Into Wind Energy; BLDW Has Potential to Attract Major Players
June 03 2013 - 9:16AM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and
manufacturer of patented, innovative commercial rooftop wind
turbine systems has received further validation of the earning
potential, visibility, and ecological importance of the emerging
wind energy market on the heels of Google Corp.'s research division
"Google X" and Warren Buffet's announcements of recent, sizable
investments into the wind energy companies.
Google X recently announced that they have acquired California
based Makani Power for $110 Million. Makani produces energy through
cable tethered "flying wings" and represents Google's interest in
developing alternative wind energy with a sizable dollar
investment. Since 2010 Google's research division has made 11
renewable energy investments of comparable sizes including $200
Million into "Spinning Spur" wind farm in the Texas panhandle and
investments into Atlantic Wind Connection for offshore grids
designed to capitalize off wind energy.
Legendary mogul Warren Buffet has recently been dubbed a leader
in wind energy investments after spending $1.9 Billion on wind farm
projects in Iowa and has been well known for his investments into
the alternative energy sector in the past two years. Additionally,
his megastar energy company MidAmerican began building wind
turbines in 2004 bringing his current total investments in wind
energy to date to $5.4 Billion.
"BLDW sees promise in market trends which lean to the most
successful investors the world has ever seen taking interest in
their market. With Texas being the number one state in America for
wind energy harvesting and production the idea of major players
snooping about for companies to acquire has gone from small
business dream to big market trend. Especially exciting is that our
turbines are DG (distributed generation), meaning the power is
produced where it is consumed, not in some field or over the
ocean," according to John Graham, CEO
About Building Turbines, Inc. Based in
Austin, Texas, Building Turbines, Inc. is focused on the design and
manufacture of patented rooftop wind turbines, as well as
vertically integrating into other renewable energy solutions to
complete the total green energy solution for an urban
environment.
For more information: Website:
www.buildingturbines.com E-mail: investor@buildingturbines.com
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact: Investor Relations: Dave Zembek 615 426-2565
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