Conversion of Coal-Fired
Power Plants Presents Opportunities for Renewable Energy Industry
July 13, 2005 — By Green Energy Resources
HUNTINGTON, NY— Green Energy Resources (nasdaq otc pk.GRGR) has confirmed Alstom
of Sweden will convert Scottish Southern Energy's (SSE) Power Plant at Fiddlers
Ferry (UK), to biomass and co-firing power generation from coal. It will be the
largest renewable energy power plant in the UK. The plant was designed and built
by Alstom in the 70's, and is scheduled to be operational by first quarter of
2006. It is one of several UK facilities Green Energy Resources has been working
with for nearly two years.
The conversion of coal-fired plants to co-fired plants, represents over 51% of
total energy markets in the world, larger than oil and gas combined. Each power
plant conversion represents significant growth potential for Green Energy
Resources in the international energy field. Green Energy Resources will address
the international coal industry at its 25th anniversary conference in Paris in
October.
Nearly two-dozen new biomass power plants are scheduled to go on line in 2006 in
the United States. Green Energy Resources has been contacted by numerous power
utilities in regard to supplies of biomass throughout the USA, including
Florida, Michigan, California, New York, Connecticut, New Jersey, Vermont, and
Pennsylvania. The Renewable Portfolio Standard (RPS) is very favorable in the
northeast, where power generators get both Renewable Energy Credits and tax
credits for Green Energy. Discussions are ongoing. Many of the contacts were
developed through the Wall St. Renewable Energy Forum last month in New York
City.
Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the companies' actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties include, but
are not limited to, market conditions, competitive factors, the ability to
successfully complete additional financings and other risks.
Contact Info:
Green Energy Resources
Joseph Murray, 631-375-7921
joe.murray@greenenergyresources.com
www.greenenergyresources.com
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Investor Relations
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