NovoFuel & Genport Select Pilot Site & Develop Final Configuration of Plug & Play Renewable Energy Systems for Cannabis Culti...
May 01 2014 - 10:00AM
Marketwired
NovoFuel and Genport Select Pilot Site and Develop Final
Configuration of Plug and Play Renewable Energy Systems for
Cannabis Cultivation
PHILADELPHIA, PA--(Marketwired - May 1, 2014) - Early production
stage hydrogen generation company, NovoFuel, Inc. (NovoFuel), a
wholly-owned subsidiary of AlumiFuel Power Corporation (OTCQB:
AFPW), announced today that, along with Genport, srl if Italy, it
is actively working with cannabis growers and electric power
contractors to develop renewable energy solutions to support
cannabis cultivation.
The company has completed a detailed analysis in response to the
rapidly expanding energy requirements of cannabis growers in the
U.S. and Canada, resulting in the development of a range of
Renewable Energy System (RES) configurations for various
cultivation scenarios. (See AFPW news release of April 10,
2014).
The NovoFuel-Genport team has focused on a specific location and
cultivation scenario in Michigan (one of the now 21 US states to
legalize medical marijuana), and used sophisticated microgrid
modeling tools to determine the optimal configuration of off-grid
Renewable Energy Systems for cannabis cultivation, supplementing
and reducing the reliance on local grid power. These
integrated RES products include mini-wind power systems, solar
panel power systems, hydrogen fuel cells, large format lithium-ion
batteries, and a real-time microgrid management and control
system.
The analysis for the Michigan location will result in a
customized cost-effective configuration of RES components optimized
for that specific environment, with the intention of installing and
testing a pilot "plug and play" system for cannabis cultivation
using NovoFuel/Genport products that could then be expanded to
other locations in other states. In this process, NovoFuel is
actively working with growers and electric power contractors in the
local area.
This same RES approach is also ideal for farming applications
(irrigation, etc.), where the required power and energy can be
provided totally off-grid, with a greatly reduced life-cycle cost
over a 20-year period. These RES components will eliminate
harmful emissions, reduce the power load for local utilities, and
lessen the need for foreign oil.
NovoFuel President, Mr. David Cade, said, "These are exciting
times for our company. We have successfully entered the cannabis
cultivation sector, and are making great progress in developing
world-class renewable energy solutions for this
application. We look forward to providing regular updates in
the coming weeks."
About
NovoFuel,Inc. NovoFuel, Inc., a wholly owned operating
subsidiary of AlumiFuel Power Corporation, is an early production
stage alternative energy company that generates hydrogen gas and
heat through the chemical reaction of aluminum, water, and
proprietary additives. This technology is ideally suited for
multiple applications requiring on-site, on-demand fuel sources,
serving National Security and commercial customers. The Company's
hydrogen generation feeds fuel cells for backup and portable power,
provides lift gas for weather balloons, and can replace costly,
hard-to-handle and high pressure K-Cylinders. Its
hydrogen/heat output is also being designed and developed to power
fuel cell-based and turbine-based undersea propulsion and auxiliary
power systems. The Company has significant differentiators in
performance, adaptability, safety and cost-effectiveness in its
target market applications, with no external power required and no
toxic chemicals or by-products.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that
are made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the company's progress, business
opportunities and growth prospects, they are based on management's
current beliefs and assumptions as to future events. However, since
the company's operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
CONTACTS:
AlumiFuel Power Investor Relations: AlumiFuel Power Corportion Tom
Olson Corporate Secretary 303-796-8940 NovoFuel Technical
Information & Marketing: Email Contact 610-660-7775
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