Centennial, CO - January 15, 2015 - InvestorsHub NewsWire
- AlumiFuel Power Corporation (OTC:
AFPW), a developer of power management solutions, announces
that NovoFuel, Inc. conducted an interview to discuss their
cannabis grow renewable power & energy technologies and
systems.
David Cade, the President and CEO of NovoFuel, Inc., a wholly
owned subsidiary of AlumiFuel Power Corp., conducted an online
interview addressing the issues of growing electricity demand of
cannabis growers, and NovoFuel’s hybrid Renewable Energy Systems
(RES) initiatives to address this ever-widening problem.
Interview Highlights
- Cannabis growers are overloading local utility grid
networks
- Problem only expected to increase as more grow facilities come
online
- 12 to 48 plants can use up to10kW per day
- Larger grow facilities up to 50,000 sq. ft. can use 3mW per
day
- States starting to force cannabis growers to augment their grid
power with renewable sources
- States also beginning to levy tax on growers for grid power
usage
- Hybrid solution integrates Wind, Solar, Hydrogen Fuel Cells,
large format Lithium-ion batteries Real time energy management and
control provides failsafe power 24/7
- NovoFuel's RES solution uses "best-of-breed" off-the-shelf
components and is scalable
- RES solution also includes all-important security package
- NovoFuel’s hybrid RES solution could mean lower costs, green
footprint, tax incentives
- NovoFuel conducting site selection for pilot site location in
Michigan
In the interview, Mr. Cade made point that cost for diesel
back-up power generation, which is usually the standard form of
power back-up for grow facilities, can cost up to $0.81 per kWh,
whereas NovoFuel’s hybrid RES system can range from $0.18 to $0.30
per kWh depending on the location and mix of RES components.
A link to the online audio interview of Mr. David Cade can be
found by going to: http://www.wallstreetnewscast.com/profile/afpw.html
About AlumiFuel Power
Corporation
AlumiFuel Power Corporation, operating through its wholly owned
subsidiary, NovoFuel, Inc., is an early production stage renewable
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. In addition, NovoFuel has embarked on a new
initiative to design and field hybrid renewable energy solutions
for medical marijuana cultivation. 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.
www.alumifuelpowercorp.com
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 Corporation
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NovoFuel, Inc.
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Thomas B. Olson, Corporate Secretary
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Technical Information & Marketing:
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303-796-8940
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info@alumifuelpowertech.com
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Investor Relations:
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South Street Media, Inc.
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Melissa Diaz
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917-937-8968
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info@southstreetmedia.com
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