Stimulus Spending on ‘Smart Grid’ Will Benefit Renewables, says GWS Technologies
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Wed, 28 Oct 2009 12:11:14 GMT |
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GWS Technologies, Inc.
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SCOTTSDALE, Ariz. - (Business Wire) GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, sees substantial benefits for wind and solar energy projects in yesterday’s White House announcement that $3.4 billion will be allocated to modernize the nation’s electrical power system to more easily use renewable resources. The money will be released in the form of grants to applicants and must be matched dollar for dollar by private funding. The grants are a result of an allocation of funds to smart grid projects in the American Recovery and Reinvestment Act of 2009. “One of the biggest obstacles to developing more wind and solar power on a utility-size scale has been the lack of transmission lines tied to an electrical grid that’s capable of delivering clean electricity from the best solar and wind sites to the point of use,” said GWS President Richard Reincke. Mr. Reincke added that “Building a ‘smart grid’ will allow utilities to integrate renewable energy sources from distant locations with their existing generation sources and synchronize consumers’ energy use to coincide with maximum production times for wind and solar power.” GWS Technologies is currently evaluating sites for wind and solar farms in Arizona, Texas, and Montana. About GWS Technologies, Inc. GWS stands for GreenWindSolar. We are a renewable energy technology company developing and marketing solar and wind-powered renewable energy products and solutions. Our products and solutions are part of the new micro-generation movement that is transforming the way businesses and consumers provide for their energy needs. The company was founded in 2005 and is headquartered in Scottsdale, Arizona. Website: www.greenwindsolar.com. Safe Harbor Statement: Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.
For GWS Technologies, Inc.
Stuart T. Smith, 512-267-2430
Fax: 512-267-2530
SSmith@SmallCapVoice.com
www.SmallCapVoice.com
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