Green Energy Live Reports on Increased Demand for Manure-to-Clean-Energy Solutions for America's Farmers
May 18 2010 - 5:00AM
Marketwired
Green Energy Live Inc. (OTCBB: GELV), a growing clean energy
company, is engaged in developing sustainable, on-site
biomass-to-energy conversion solutions to enable America's
livestock operators to generate electricity from manure. Green
Energy Live is seeing increases in demand for manure management
solutions within the agriculture sector. On May 3rd the U.S.
Environmental Protection Agency and U.S. Department of Agriculture
announced a new interagency agreement with funding to advance the
implementation of biogas recovery systems for livestock facilities,
with the goals of increasing farm-based renewable energy
generation, protecting air, land and water resources, and enhancing
rural economic growth.
The EPA and USDA's enhanced collaboration will provide up to
$3.9 million over the next five years to help farms recover and use
biogas from manure. The collaboration will expand technical
assistance efforts, improve technical standards and guidance for
the construction and evaluation of biogas recovery systems, and
expand outreach to livestock producers and assist them with
pre-feasibility studies. The USDA provides grants, loans, and loan
guarantees to eligible recipients for renewable energy systems and
energy efficiency improvements and technical support to farmers on
resource conservation and protection.
According to the Collaboration to Advance the Deployment of
Anaerobic Digesters at US Livestock Facilities Fact Sheet released
by the EPA and USDA on May 3, 2010, biogas is composed primarily of
methane, a greenhouse gas 20 times more potent than carbon dioxide.
Biogas emitted from manure management systems called digesters can
be collected and used to produce electricity, heat or hot
water.
The EPA projects that if 8,000 farms implemented biogas systems,
methane emissions would be reduced by more than 34 million metric
tons of carbon dioxide equivalent a year which is roughly equal to
the annual emissions from 6.5 million passenger vehicles. In
addition, these projects could generate more than 1,500 megawatts
of renewable energy.
Karen Clark, President/CEO of Green Energy Live, commented:
"Green Energy Live is focused on delivering technology to solve
three major problems for America's ranchers and farmers -- waste
disposal, environmental impact and energy supply. We applaud the
EPA and USDA's support of manure-to-energy conversion and agree
that it makes perfect sense to capture methane gas from the manure
of livestock operations and use it to produce clean, renewable
energy. This is a positive development for the agriculture sector
and yet another indicator that a significant market exists for our
solutions."
Green Energy Live acquired Comanche Livestock Exchange, a
profitable Texas-based provider of cattle marketing services, in
July 2009. The wholly owned subsidiary has a 61-year track record
serving the United States beef and dairy industries and achieved a
12% increase in revenue last year. Comanche provides Green Energy
Live with livestock industry expertise, revenue to support
technology development, inroads with potential customers, an
established sales channel, and an excellent reputation in the
agricultural community.
About Green Energy Live (GELV.OB) Green
Energy Live Inc. is engaged in developing sustainable
biomass-to-energy conversion technology to meet a critical need for
the nation's $154 billion livestock industry. The company plans to
use its proprietary gasification technology for the development of
highly innovative, on-site manure-to-electricity conversion systems
to enable livestock farmers and ranchers to convert their animal
waste into clean, renewable energy.
This press release may contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, that are intended to be covered by the safe
harbor created by such sections and other applicable laws. Such
forward-looking statements include, without limitation, plans and
expectations regarding the development of GELV's gasification
technology and other projects and operations. GELV has tried,
whenever possible, to identify these forward-looking statements
using words such as "anticipates," "believes," "estimates,"
"expects," "plans," "intends," "potential" and similar expressions.
Where the Company expresses or implies an expectation or belief as
to future events or results, such expectation or belief is
expressed in good faith based upon currently available information,
and is believed to have a reasonable basis. However,
forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ
materially from future results expressed, projected or implied by
such forward-looking statements. Such risks include, but are not
limited to: (1) GELV's need for additional financing, which is not
assured and which may result in dilution of shareholders; (2)
GELV's status as a small company with a limited operating history;
and (3) regulatory restrictions in the production of bio-fuels. For
a more detailed discussion of such risks and other factors, see the
Company's 2009 Annual Report on Form 10-K, filed on April 15, 2010,
with the Securities and Exchange Commission, and its other SEC
filings. The Company does not undertake any obligation to release
publicly revisions to any "forward-looking statement," to reflect
events or circumstances after the date of this news release, to
update or provide advice in the event of any change, addition or
alteration to the information contained in this news release
including such forward-looking statement, or to reflect the
occurrence of unanticipated events, except as may be required under
applicable securities laws.
Contact: Investor Relations: 1-866-460-7336 Email Contact
Green Energy Live, Inc. 1740 44th Street, Suite 5-230 Wyoming, MI
49519-6443 www.greenenergylive.com
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