Initial Public Offering
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The Renewable Energy Institute

An "initial public offering" or IPO is when a company issues its common stock or shares to the public for the first time. IPOs are normally offered smaller and younger companies that are seeking capital to expand their business. IPOs, however, may also be offered by very large, privately-held companies that are seeking to "go public."

IPO usually take place with assistance of an "underwriting" which helps the issuing company determine what type of securities or equities to issue (common or preferred), initial stock price and when to bring their shares to the public.

The Leading Resource about
Private Placement Memorandums
Education, Information and Products

What is a Private Placement Memorandum?

Private Placement Memorandums (PPM) are confidential sales documents that is provided to a potential sophisticated investor for a private placement of bonds. The PPM contains relevant information about the financial, economic and demographic characteristics of the borrower and its service area.

More specifically, a PPM provides the investor, in the format of a structured document, the information and data the investor needs to know to make an informed investment decision, including:

* The PPM offering format and structure
* The company information and structure of the company
* SEC required disclosures about the securities being purchased
* Information related to the company's business and operations
* Risks involved with the investment
* Senior Management and Company Financials
* Use of proceeds

The PPM also includes the subscription agreement which is the actual "sales contract" for purchasing the securities. The PPM is the document that the investor will sign and send in with his/her
investment funds.

What is a Private Placement Offering?

A Private Placement Offering is the "offering" and sale of a company's restricted securities to prospective investors. The regulating agency for a Private Placement Offering is the Securities and Exchange Commission, and depending on the offering, one or more state regulatory agencies. Generally, a Private Placement Offering refers to the offering of securities that are not formally "advertised" to people that you do not know. A Private Placement Offering can be offered to an unlimited number of private accredited, "qualified" or "accredited" investors and a limited number of non-qualified or non-accredited investors.

A Private Placement Offering, while a security, are exempt from registration with the Securities and Exchange Commission, or "SEC" so long as the appropriate offering documentation is prepared in compliance with Federal and State regulations. These documents are usually referred to as "Private Placement Memorandums."

What is a Regulation D Offering?

Regulation D, also known as "Reg D," became effective April 15, 1982. It's one the key SEC exemptions for small businesses that want to raise money by selling its stock. It's also considered a route to taking a company public without the burden and expense of a full registration with the SEC.

Regulation D consists of six basic rules. The first three are concerned with definitions, conditions, and notification. Rule 501 covers the definitions of the various terms used in the rules. Rule 502 sets forth the conditions, limitations, and information requirements for the exemptions in rules 504, 505, and 506. Rule 503 contains the SEC notification requirements. The last three rules deal with the specifics of raising money. Rule 504 generally pertains to securities sales up to $1 million. Rule 505 applies to offerings up to $5 million (including those offerings less than $1,000,000). Rule 506 is for securities offerings with no limit or any dollar amount (including those offerings less than $5,000,000 million).

Regulation D Offerings Continued

Under the Securities Act of 1933, any offer to sell securities must either be registered with the SEC or meet an exemption. Regulation D (or Reg D) provides three exemptions from the registration requirements, allowing some smaller companies to offer and sell their securities without having to register the securities with the SEC. For more information about these exemptions, read our publications on Rules 504, 505, and 506 of Regulation D.

While companies using a Reg D exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what’s known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s owners and stock promoters, but contains little other information about the company.

Rule 504 of Regulation D

Rule 504 of Regulation D provides an exemption from the registration requirements of the federal securities laws for some companies when they offer and sell up to $1,000,000 of their securities in any 12-month period.

A company can use this exemption so long as it is not a blank check company and does not have to file reports under the Securities Exchange Act of 1934. Also, the exemption generally does not allow companies to solicit or advertise their securities to the public, and purchasers receive "restricted" securities, meaning that they may not sell the securities without registration or an applicable exemption.

Rule 504 does allow companies to make a public offering of freely tradable securities but only if one of the following circumstances is met:

The company registers the offering exclusively in one or more states that require a publicly filed registration statement and delivery of a substantive disclosure document to investors;

A company registers and sells the offering in a state that requires registration and disclosure delivery and also sells in a state without those requirements, so long as the company delivers the disclosure documents required by the state where the company registered the offering to all purchasers (including those in the state that has no such requirements); or

The company sells exclusively according to state law exemptions that permit general solicitation and advertising, so long as the company sells only to "accredited investors."
Even if a company makes a private sale where there are no specific disclosure delivery requirements, a company should take care to provide sufficient information to investors to avoid violating the antifraud provisions of the securities laws. This means that any information a company provides to investors must be free from false or misleading statements. Similarly, a company should not exclude any information if the omission makes what is provided to investors false or misleading.

While companies using the Rule 504 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s owners and stock promoters, but contains little other information about the company.

Rule 505 of Regulation D

Rule 505 of Regulation D allows some companies offering their securities to have those securities exempted from the registration requirements of the federal securities laws. To qualify for this exemption, a company:

Can only offer and sell up to $5 million of its securities in any 12-month period;

May sell to an unlimited number of "accredited investors" and up to 35 other persons who do not need to satisfy the sophistication or wealth standards associated with other exemptions;

Must inform purchasers that they receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them; and

Cannot use general solicitation or advertising to sell the securities.

Rule 505 allows companies to decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. But companies must give non-accredited investors disclosure documents that generally are the same as those used in registered offerings. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well. The company must also be available to answer questions by prospective purchasers.

Here are some specifics about the financial statement requirements applicable to this type of offering:

Financial statements need to be certified by an independent public accountant;

If a company other than a limited partnership cannot obtain audited financial statements without unreasonable effort or expense, only the company's balance sheet (to be dated within 120 days of the start of the offering) must be audited; and

Limited partnerships unable to obtain required financial statements without unreasonable effort or expense may furnish audited financial statements prepared under the federal income tax laws.
While companies using the Rule 505 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s owners and stock promoters, but contains little other information about the company.

Rule 506 of Regulation D

Rule 506 of Regulation D is considered a "safe harbor" for the private offering exemption of Section 4(2) of the Securities Act. Companies using the Rule 506 exemption can raise an unlimited amount of money. A company can be assured it is within the Section 4(2) exemption by satisfying the following standards:

The company cannot use general solicitation or advertising to market the securities;

The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchases. Unlike Rule 505, all non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;

Companies must decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. But companies must give non-accredited investors disclosure documents that are generally the same as those used in registered offerings. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well;

The company must be available to answer questions by prospective purchasers;

Financial statement requirements are the same as for Rule 505; and

Purchasers receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them. While companies using the Rule 506 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s owners and stock promoters, but contains little other information about the company.

The purpose of an Initial Public Offering is to generate capital for a business that decides to take the route of equity financing.

What is Equity Financing?

Companies seek "equity financing" when a company uses its assets or ownership in the company to get cash they need for expansion or continued growth.

When a company sells its stock through an Initial Public Offering it is, in essence, selling partial ownership in the company.

One downside to this type of financing is that the company loses some of its control when shares are sold to the public.

In order to complete a successful Initial Public Offering, an "underwriter" is used to facilitate the process as well as to promote the company's stock to investors and eventually to the public. Another term for an underwriter is an investment bank.

Net Zero Energy^sm - when applied to a home or commercial building, simply means that the home or buildings generates as much power and energy as they consume, Solar Trigeneration^sm Energy System.

A Net Zero Energy Building^sm produces as much energy as it uses over the course of a year. Net Zero Energy Buildings^sm are very energy efficient. The remaining low energy needs are typically met with on-site renewable energy.

First of all, understand that there is no such thing as a "zero energy building!" EVERY building uses energy, or you may as well be in a cave!

4. What are the utility company's prices for the excess power generated and sent to the grid?
(see: Net Energy Metering)

5. How difficult is it to interconnect the renewable energy system of the building with the utility company's powerlines/electric grid?

At the heart of a Net Zero Energy Building^sm is the idea that any building can meet its energy requirements from low-cost, locally available, nonpolluting, renewable sources, like our Solar Trigeneration^sm Energy Systems. Our Solar Trigeneration^sm Energy Systems are the idea whose time has come, to make Net Zero Energy Buildings^sm commonplace.

Solar Trigeneration^sm Energy Systems Provide All of the Cooling, Heating & Power, for Any Size Building, with only the Energy of the Sun. Solar Trigeneration^sm Energy Systems Provide Simultaneous Cooling, Heating & Power whether it is 12 Noon, or 12 Midnight, and can do so, WITHOUT Connection to the electric grid!

The Diagram Below Shows How Our Solar Trigeneration^sm Energy System Works,
for Heating and Cooling a Building (next to the Solar Thermal Collectors, are the PV Panels, that generate the Electricity).

Our Solar Trigeneration^sm Energy System
provides "Cooling, Heating & Power" for your business,
or home with the free energy of the sun!

Net energy metering is used to measure a customer's total electric consumption against that customer's total on-site electric generation. When a customer's onsite generation of power exceeds the amount that they use, the customer's solar energy system (or other renewable energy system) exports the extra electricity to the grid. When the power requirements of the customer exceeds their onsite generation of power, the customer imports the electricity they need from electric grid. The customer pays the electric company for any extra power they use over the amount they generate - OR - the customer receives a credit or refund from the electric company if they exported more power to the grid, than what they consumed.

Renewable Energy Is Necessary for Net Zero Energy Buildings

Much focus is placed on energy efficiency as the most cost-effective way to reduce energy use in commercial buildings. However, consumption can be reduced only so much. There is a point at which the cost of adding efficiency measures is higher than that of using renewable energy such as thin film photovoltaics and other solar energy systems.

Aggressive energy efficiency strategies can reduce a building's energy consumption by 50% to 70%. Renewable energy technologies must be used to reach the goal of a net-zero energy building (NZEB).

Supply-Side Technologies

Various supply-side renewable energy technologies are available for Net Zero Energy Buildings. Supply-side technologies, often called energy producers, collect natural energy and transform it into a useful form. Examples of these technologies include PV, solar hot water, wind, hydroelectric, and biofuels.

Ranking of Energy Options

All renewable sources are favorable over conventional energy sources such as coal and natural gas; however, the U.S. Department of Energy recommends the following ranking for these options (the lower numbers are preferable):

This hierarchy is weighted toward renewable technologies within the building footprint and site. Rooftop PV and solar water heating are the most applicable supply-side technologies for Net Zero Energy Buildings. Other supply-side technologies such as parking lot-based wind or solar energy systems may be available.

Now, Your Business Can Have Our Solar Trigeneration™
Energy System, installed for No Up-Front Costs!

Through an affiliated partner company, we are now installing our Solar Trigeneration™ Energy Systems, for qualified commercial businesses, nationwide, with Zero up-front costs.

Some customers may even see a decrease in their energy expenses by as much as 10% to 20% with our Zero up-front cost Solar Trigeneration™ Energy System!

To qualify for our no up-front cost Solar Trigeneration Energy Systems, businesses must:

We expect ALL of our customers will be very happy knowing that the clean, green, renewable power they are using is:

We provide Solar Power and Energy systems that we refer to as "EcoGeneration" solutions that produce cooler, cleaner, greener power and energy for our customers and our environment. Unlike most companies, we are equipment supplier/vendor neutral. This means we help our clients select the best equipment for their specific application. This approach provides our customers with superior performance, decreased operating expenses and increased return on investment.

Our company provides turn-key project solutions that include all or part of the following:

The Audubon Nature Center Installs Solar Trigeneration System
Making this one of the World's First "Net Zero Energy Buildings"
at Their New Facility in Los Angeles, California

GRID-FREE SOLAR ENERGY SYSTEM....
NO CONNECTION TO THE ELECTRIC UTILITY!

The Solar Trigeneration Provides All of their Facility's (5000 sq.ft.)
Cooling, Heating and Power Requirements - at 12 noon or 12 midnite,
WITHOUT ANY CONNECTION to the Electric Utility
with our Solar Trigeneration Energy System!

The Audubon Nature Center is totally powered by the sun’s energy and our Solar Trigeneration energy system!

The 5,300 square foot building operates entirely “grid-free” and without any electric connections to the electric grid, or natural gas connections – a truly sustainable power and energy solution.

Best of all, the Audubon Center doesn’t rely on the over-burdened electric grid or even natural gas. Therefore, the Audubon Nature Center NEVER receives an electric bill or natural gas bill.... ever!

The Audubon Nature Center's 5,000 square foot office and conference facility is powered by a Solar Trigeneration system that features a 25-kilowatt solar electric power system where the energy is stored in a bank of batteries. The Center is cooled by a 10-ton solar absorption cooling system powered by an array of very efficient solar heat pipe vacuum tube thermal collectors. The collectors heat the water to temperatures of 200+ degree F stored in a 1,200 gallon insulated tank, another type of inexpensive battery. The Solar Trigeneration system at the Audubon not only provides the air-conditioning in the summer but also heats the building in the winter, and provides the hot water for the kitchen and bathrooms.

Absorption chillers, and cooling with solar energy with an absorption chiller are not new technologies. In fact, absorption chiller technology is over 70 years old. The first refrigerators were powered by propane gas to run the absorption chillers that used ammonia as a refrigerant. Electricity and the electric compression chiller gained popularity only because of the convenient “plug and play” appliance and relatively cheap electric rates. Electricity is no longer economically, or environmentally “cheap.”

Few people realize that the world's first commercial power plant, designed and built by Thomas Edison, was a cogeneration power plant that was first opened on Pearl Street, in Lower Manhattan, New York. That was in 1882! Edison not only generated, and sold electricity in the several blocks surrounding his "Pearl Street Station" but he also sold the hot water that was also generated from the cogeneration plant. The fuel Edison used for generating the electricity and hot water (cogeneration) came from "pulverized coal." The Pearl Street Station provided 110 volts of "direct current" power to 59 customers in lower Manhattan, around his Pearl Street laboratory.

Unlike traditional cogeneration and trigeneration power plants that are fueled by natural gas - and Thomas Edison's cogeneration plant, which was fueled with pulverized coal, our Solar Cogeneration and Solar Trigeneration energy systems are fueled with the energy of the sun! And, while natural gas is a "cleaner" fuel, it still has its problems in that it is a limited resource and generates greenhouse gas emissions. Natural gas also have had extreme price swings and has a history of price volatility. Natural gas prices have gone from a high of $17.00/mmbtu to a recent low of under $3.00/mmbtu.

Regarding pulverized coal, yes, it's cheap in terms of the cost of generating electricity, but too many people forget about the "externalities" of pulverized coal that is not reflected in the "cheap" costs of generating electricity from pulverized coal. These costs not accounted for are the huge environmental cost relating to the use of pulverized coal. Pound for pound, pulverized coal and coal fired power plants generate more greenhouse gas emissions than any other fossil fuel. There are also the costs related to the health and safety issues of the miners that mine the coal. And, the costs to the environment in terms of the ever-increasing amounts of mercury that are "dumped" into the environment from coal fired power plants, is also not reflected in the "cheap" price of generating power from pulverized coal.

And talk about "cheap" costs of generating power and energy, there is nothing cheaper than free!!!!

The owners of the Audubon Nature Center never receive any monthly natural gas or electric bills!

Solar Trigeneration is an EcoGeneration solution. EcoGeneration refers to a power and energy system that uses the “natural” energy or fuel that is available for a specific site or location. Such energy or fuel includes, solar, wind, BioMethane, geothermal, and ocean power, including ocean tidal and ocean thermal energy conversion. For example, in the desert areas of the Southwestern U.S. , there is an abundance of solar energy. Therefore, home-owners and business owners in this part of the country should seriously consider an EcoGeneration system (“ecogen system”) that optimizes the opportunities available through solar energy

Today, the cause of the summer peak electric demand, electric supply problems, and black-outs, are the result of the energy crisis in California, primarily attributed to the air conditioning load. Over 40 percent of the electricity generated every day goes is used for air conditioning. At this time of year, the electric utilities are forced to turn on all of their power plants to generate the “peak” demands required by the customers, primarily for air-conditioning. This means that all of the efficient power plants, the inefficient power plants, along with all of the “peaking” power plants have to run to generate the electricity needed. The high cost of meeting the peak demand is passed on to the consumers with rates of $.20+ per kWh during the summer months. For fixed income seniors living in desert communities, they are already forced to conserve on energy, food, water, and other necessities of life.

Greater Demands on California’s Limited Electric Supply, Lack of New Electric Power Supplies, and This Summer’s Heat Wave are Compounding the Problem Leading to the “Perfect Electric Storm”

Many people will remember the movie “The Perfect Storm” from several years ago, when several storms came together in the northeastern part of the

U.S.

to produce a deadly and catastrophic “perfect” storm. Today, a different type of “perfect storm” is brewing in California. The storm that’s looming on the horizon in California is a “perfect electric storm” wherein the supply of electricity from the electric utility company’s power plants are unable to keep-up with the demand – meaning a black-out, or loss of electricity, like the black-outs from previous years, and like the northeastern black-out from 2003.

The most likely time of year for a black-out in California, unfortunately, is the summer, when air-conditioners are running at the maximum, and placing the maximum load on California’s electricity supply. Should such a black-out occur in the desert areas of California, where daily high temperatures routinely reach 110 degrees and higher, and where a significant percentage of the population is comprised of retired and senior citizens, and should the black-out be prolonged, a number of deaths will be the likely outcome. People, and especially the elderly, simply cannot tolerate prolonged high temperatures

How Do We Prevent the “Perfect Electric Storm” from Occurring in California and Other Regions in the U.S.?

Another major concern is how do we prevent the “Perfect Electric Storm” from happening, like the Northeast Blackout several summers ago, especially for people living in the desert? California ’s energy authorities are warning of a possible energy crisis during the hot summer months, due to the excessive and prolonged summer temperatures where demand increases by over 40 percent. Compounding the problem is the rising demand for electricity due to population growth and the limited transmission capacity in some areas in the region. According to the California Energy Commission, the State must build three natural gas-fired 500-megawatt peaking power plants, every year, just to keep up with the growing demands of electricity. Failure to keep up with demand means The problem is getting worse due to the population growth in the Inland Empire , Coachella Valley and Antelope Valley. The projected power gap for the coming summers remains bleak.

Governor Schwarzenegger’s “Million Solar Roofs” program and the passage of the 2005 Federal Energy Act will be the foundation to create a “Perfect Solar Storm” to trigger the Solar Economy throughout California.

With the threat of California’s seniors and elderly dying from heat exhaustion due to power outages, black-outs, rolling black-outs and the rising costs of electricity and natural gas, combined with the continuing impact of global warming, the perfect solution is to create a Solar Revolution by cooling, heating and powering the desert with solar energy and technologies like Solar Cogeneration or Solar Trigeneration.

The hot water from the Solar Thermal Collectors on the roof of the Audubon is pumped here for producing the building's heating, cooling and domestic hot water.
Hot water is stored in the tank on the left for overnight.

What Absorption Chillers and How Does They Work?

Absorption chillers use heat instead of mechanical energy to provide cooling. A thermal compressor consists of an absorber, a generator, a pump, and a throttling device, and replaces the mechanical vapor compressor.

In the chiller, refrigerant vapor from the evaporator is absorbed by a solution mixture in the absorber. This solution is then pumped to the generator. There the refrigerant re-vaporizes using a waste steam heat source. The refrigerant-depleted solution then returns to the absorber via a throttling device. The two most common refrigerant/ absorbent mixtures used in absorption chillers are water/lithium bromide and ammonia/water.

Compared with mechanical chillers, absorption chillers have a low coefficient of performance (COP = chiller load/heat input). However, absorption chillers can substantially reduce operating costs because they are powered by low-grade waste heat. Vapor compression chillers, by contrast, must be motor- or engine-driven.

Low-pressure, steam-driven absorption chillers are available in capacities ranging from 100 to 1,500 tons. Absorption chillers come in two commercially available designs: single-effect and double-effect. Single-effect machines provide a thermal COP of 0.7 and require about 18 pounds of 15-pound-per-square-inch-gauge (psig) steam per ton-hour of cooling. Double-effect machines are about 40% more efficient, but require a higher grade of thermal input, using about 10 pounds of 100- to 150-psig steam per ton-hour.

In single-effect absorption chillers, all condensing heat cools and condenses in the condenser. From there it is released to the cooling water. A double-effect machine adopts a higher heat efficiency of condensation and divides the generator into a high-temperature and a low-temperature generator.

Determine the cost-effectiveness of displacing a portion of your cooling load with a waste steam absorption chiller by taking the following steps:

Absorption Chillers Refrigeration Cycle

The basic cooling cycle is the same for the absorption and electric chillers. Both systems use a low-temperature liquid refrigerant that absorbs heat from the water to be cooled and converts to a vapor phase (in the evaporator section). The refrigerant vapors are then compressed to a higher pressure (by a compressor or a generator), converted back into a liquid by rejecting heat to the external surroundings (in the condenser section), and then expanded to a low- pressure mixture of liquid and vapor (in the expander section) that goes back to the evaporator section and the cycle is repeated.

The basic difference between the electric chillers and absorption chillers is that an electric chiller uses an electric motor for operating a compressor used for raising the pressure of refrigerant vapors and absorption chillers use the heat for compressing refrigerant vapors to a high-pressure. The rejected heat from the power-generation equipment (e.g. turbines, microturbines, and engines) may be used with an absorption chiller to provide the cooling in a CHP system.

The basic absorption cycle employs two fluids, the absorbate or refrigerant, and the absorbent. The most commonly fluids are water as the refrigerant and lithium bromide as the absorbent. These fluids are separated and recombined in the absorption cycle. In the absorption cycle the low-pressure refrigerant vapor is absorbed into the absorbent releasing a large amount of heat. The liquid refrigerant/absorbent solution is pumped to a high-operating pressure generator using significantly less electricity than that for compressing the refrigerant for an electric chiller. Heat is added at the high-pressure generator from a gas burner, steam, hot water or hot gases. The added heat causes the refrigerant to desorb from the absorbent and vaporize. The vapors flow to a condenser, where heat is rejected and condense to a high-pressure liquid. The liquid is then throttled though an expansion valve to the lower pressure in the evaporator where it evaporates by absorbing heat and provides useful cooling. The remaining liquid absorbent, in the generator passes through a valve, where its pressure is reduced, and then is recombined with the low-pressure refrigerant vapors returning from the evaporator so the cycle can be repeated.

Absorption chillers are used to generate cold water (44°F) that is circulated to air handlers in the distribution system for air conditioning.

"Indirect-fired" absorption chillers use steam, hot water or hot gases steam from a boiler, turbine or engine generator, or fuel cell as their primary power input. Theses chillers can be well suited for integration into a CHP system for buildings by utilizing the rejected heat from the electric generation process, thereby providing high operating efficiencies through use of otherwise wasted energy.

"Direct-fired" systems contain natural gas burners; rejected heat from these chillers can be used to regenerate desiccant dehumidifiers or provide hot water.

Commercially, absorption chillers can be single-effect or multiple-effect. The above schematic refers to a single-effect absorption chiller. Multiple-effect absorption chillers are more efficient and discussed below.

In single-effect absorption chillers, the heat released during the chemical process of absorbing refrigerant vapor into the liquid stream, rich in absorbent, is rejected to the environment. In a multiple-effect absorption chiller, some of this energy is used as the driving force to generate more refrigerant vapor. The more vapor generated per unit of heat or fuel input, the greater the cooling capacity and the higher the overall operating efficiency.

Double-effect absorption chillers uses two generators paired with a single condenser, absorber, and evaporator. It requires a higher temperature heat input to operate and therefore they are limited in the type of electrical generation equipment they can be paired with when used in a CHP System.

Triple-effect absorption chillers can achieve even higher efficiencies than the double-effect chillers. These absorption chillers require still higher elevated operating temperatures that can limit choices in materials and refrigerant/absorbent pairs. Triple-effect chillers are under development by manufacturers working in cooperation with the U.S. Department of Energy.

Copper Indium Gallium diSelenide (CuInSe2) is a material that provides an extremely high absorption of light ( 99%) to be absorbed in the first micron of the material. Copper Indium Gallium diSelenide is projected to be the revolutionary material that some are saying, could put typical "central" power plants and some electric utilities, out of business, as it will be much cheaper for customers to generate their own onsite power with Thin Film Photovoltaics made from these materials.

When additional small amounts of Gallium is added to Copper Indium diSelenide, this increases its' light-absorbing band gap, thereby making the solar panel more closely match the solar spectrum of the sun. This, in turn, increases the voltage and the efficiency of the Thin Film Photovoltaics solar panel.

The conversion efficiency of Copper Indium Gallium diSelenide PV technologies is very stable over time, meaning its power output remains stable over many years, while the power output of many other PV materials can rapidly decline with time.

Building Integrated Photovoltaics (BIPV) are solar energy systems that are integrated into a part of the building, that serve as the building's exterior or the building's skin.

Commercial buildings and facilities (including houses) that integrate their own solar power systems into the building's exteriors, are referred to as "power buildings."

Without a doubt, the most exciting technology in the solar power industry is "Thin Film Photovoltaics." Thin Film Photovoltaics technology represents the next big thing in renewable energy and solar power as it integrates nanotechnologies into the production of solar photovoltaics.

According to the Department of Energy, the recent technological advances in thin film photovoltaics make this a very exciting time to be in the solar energy industry. These advances have led to many new developments in the components and manufacturing of thin film photovoltaics. This has made thin film photovoltaics cheaper to manufacture as they are also now easier to install since they are extremely versatile, flexible, bendable, and much lighter.

Thin film photovoltaics have led many to believe that as much as 50% of our nation's future power will be generated by "power buildings" that integrate "building integrated photovoltaics" or "BIPV" into the building's skin or exterior surfaces, that convert sunlight into "pollution free power" for use in the building. This also designates these buildings (and homes) as "Net Zero Energy Buildings" and make the option for going grid-free, or not connecting to the grid, a real possibility.

According to the Department of Energy, the market potential for printed electronics will grow into a $47 billion market by 2018. Thin film photovoltaics represents a significant portion of this market - and based on this heavily researched solar technology, thin film photovoltaics now represents a $20 billion/year industry in the U.S.

The solar PV panels produced under the thin film photovoltaics umbrella have the potential to produce power significantly cheaper power than today’s typical silicon-based PV panels. The panels are usually made in the form of a monolithic piece of glass, upon which various thin films are deposited, although a number of firms are working on depositing the materials on a substrate, such as stainless steel or plastic.

Amorphous Silicon had the largest share of the thin film photovoltaics market through 2006. It has been researched for the longest period of time, may be the best understood material of the three and has been commercial for the longest. Cadmium Telluride has the remaining share and is growing.

About Us

We provide renewable energy engineering services and turnkey installations of our solar energy systems for commercial, municipal, government, schools and utility clients with projects located in the U.S., Canada Central America and the Caribbean. In many cases, we may also be able to provide project finance or investment.

Solar Electric Power Systems (PV)

Solar electric power systems transform sunlight into electricity. Sunlight is an abundant resource. Every minute the sun bathes the Earth in as much energy as the world consumes in an entire year.

Solar cells employ special materials called semiconductors that create electricity when exposed to light. Solar electric systems are quiet and easy to use, and they require no fuel other than sunlight. Because they contain no moving parts, they are durable, reliable, and easy to maintain.

How It Works

Solar cells, also known as photovoltaic (PV) cells, do the work of making electricity. Several types of solar electric technology are under development, but four—crystalline silicon (a form of refined beach sand), thin films, concentrators, and thermophotovoltaics—are illustrative of the range of technologies. Solar cells are connected to a variety of other components to make a solar electric power system.

Crystalline Silicon

Crystalline silicon solar cells are used in more than half of all solar electric devices. Like most semiconductor devices, they include a positive layer (on the bottom) and a negative layer (on the top) that create an electrical field inside the cell. When a photon of light strikes a semiconductor, it releases electrons (see animation). The free electrons flow through the solar cell's bottom layer to a connecting wire as direct current (DC) electricity.

Some solar cells are made from polycrystalline silicon, which consists of several small silicon crystals. Polycrystalline silicon solar cells are cheaper to produce but somewhat less efficient than single-crystal silicon.

A simple silicon solar cell can power a watch or calculator. However, it produces only a tiny amount of electricity. Connected together, solar cells form modules that can generate substantial amounts of power. Modules are the building blocks of solar electric systems, which can produce enough power for a house, a rural medical clinic, or an entire village. Large arrays of solar electric modules can power satellites or provide electricity for utilities.

Solar Electric Power System Components

In addition to modules, several components are needed to complete a solar electric power system.

Many systems include batteries, battery chargers, a backup generator, and a controller so that people in solar-powered homes and buildings can turn on the lights at night or run televisions or appliances on cloudy days. Grid-connected systems don't require batteries or backup generators because they use the grid for backup power. Some remote system applications, such as those used to pump water, do not require a backup power source.

Diagram showing how solar modules can be connected to a DC-AC inverter, battery bank, and a backup generator to provide a continuous source of power in stand-alone applications.

Components of a typical standalone PV system using crystalline silicon technology. (Source: Solar Electric Power Association)

Solar electric power systems can incorporate inverters or power control units to transform the DC electricity produced by the solar cells into alternating current (AC) to run AC appliances or sell to a utility grid. Complete systems usually include safety disconnects, fuses, and a grounding circuit as well.

Thin Films

Solar electric thin films are lighter, more resilient, and easier to manufacture than crystalline silicon modules. The best-developed thin-film technology uses amorphous silicon, in which the atoms are not arranged in any particular order as they would be in a crystal. An amorphous silicon film only one micron thick can absorb 90% of the usable solar energy falling on it. Other thin-film materials include cadmium telluride and copper indium diselenide. Substantial cost savings are possible with this technology because thin films require relatively little semiconductor materials.

Thin films are produced as large, complete modules, not as individual cells that must be mounted in frames and wired together. They are manufactured by applying extremely thin layers of semiconductor material to a low-cost backing such as glass or plastic. Electrical contacts, antireflective coatings, and protective layers are also applied directly to the backing material. Thin films conform to the shape of the backing, a feature that allows them to be used in such innovative products as flexible solar electric roofing shingles.

Concentrators

Concentrators use optical lenses (similar to plastic magnifying glasses) or mirrors to concentrate the sunlight that falls on a solar cell. With a concentrator to magnify the light intensity, the solar cell produces more electricity. Today, most solar cells in concentrators are made from crystalline silicon. However, materials such as gallium arsenide and gallium indium phosphide are more efficient than silicon in solar electric concentrators and will likely see more use in the future. These materials are now used in communications satellites and other space applications.

Concentrators produce more electricity using less of the expensive semiconductor material than other solar electric systems. A basic concentrator unit consists of a lens to focus the light, a solar cell assembly, a housing element, a secondary concentrator to reflect off-center light rays onto the cell, a mechanism to dissipate excess heat, and various contacts and adhesives. The basic unit can be combined into modules of varying sizes and shapes. Concentrators only work with direct sunlight and operate most effectively in sunny, dry climates. They must be used with tracking systems to keep them pointed toward the sun.

Thermophotovoltaics

Thermophotovoltaic (TPV) devices convert heat into electricity in much the same way that other PV devices convert light into electricity. The difference is that TPV technology uses semiconductors "tuned" to the longer-wavelength, invisible infrared radiation emitted by warm objects. This technology is cleaner, quieter, and simpler than conventional power generation using steam turbines and generators.

TPV converters are relatively maintenance-free because they contain no moving parts. In addition to using solar energy, they can convert heat from any high-temperature heat source, including combustion of a fuel such as natural gas or propane, into electricity. TPV converters produce virtually no carbon monoxide and few emissions. They may be used in the future in gas furnaces that generate their own electricity for self-ignition (during power outages) and in portable generators and battery chargers.

Advantages

Solar electric systems offer many advantages. Standalone systems can eliminate the need to build expensive new power lines to remote locations. For rural and remote applications, solar electricity can cost less than any other means of producing electricity. Solar electric systems can also connect to existing power lines to boost electricity output during times of high demand such as on hot, sunny days when air conditioners are on.

Solar electric systems are flexible. Solar electric modules can stand on the ground or be mounted on rooftops. They can also be built into glass skylights and walls. They can be made to look like roof shingles and can even come equipped with devices to turn their DC output into the same AC utilities deliver to wall sockets. These advances mean individual homeowners and businesses can relieve pressure on local utilities struggling to meet the increasing demand for electricity.

More than 30 states offer grid-connected solar electric system owners the chance to save money on their energy bills by feeding any excess power their solar electric system produces into the utility grid—an arrangement called net metering.

Solar power systems require minimal maintenance. They run quietly and efficiently without polluting. They are easy to combine with other types of electric generators such as wind, hydro, or natural gas turbines. They can charge batteries to make solar electricity continuously available.

For utilities, large-scale solar electric power plants can help meet demand for new power generation, especially in distributed applications. A solar electric power plant is created from multiple arrays that are interconnected electronically. Solar electric plants are easier to site and are quicker to build than conventional power plants. They are also easy to expand incrementally—by adding more modules—as power demand increases.

Solar electric power systems are good for the environment. When solar electric technologies displace fossil fuels for pumping water, lighting homes, or running appliances, they reduce the greenhouse gases and pollutants emitted into the atmosphere. The use of solar electric systems is particularly important in developing nations because it can help avert the expected increases in emissions of greenhouse gases caused by the growing demand for electricity in those countries.

Solar electric technologies also benefit the U.S. economy by creating jobs in U.S. companies. Exporting solar electric technologies to developing nations expands U.S. markets while protecting the global environment.

Disadvantages

Although solar electric systems make financial sense in remote areas that lack access to power lines, they are usually more expensive than fossil fuels for grid-connected applications.

This disadvantage is significant for utilities considering large-scale solar electric power plants. Although solar electricity costs considerably more than electricity generated by conventional plants, regulatory agencies often require utilities to supply electricity for the lowest cash cost.

Utilities view solar electric power plants differently than they view conventional power plants. Solar electric modules produce electricity intermittently—only when the sun shines. Their output varies with the weather and disappears altogether at night. Integrating solar electricity into a utility system requires creative planning.

Applications

Aerial photo showing solar electric arrays and solar hot-water systems installed on the roof of the Georgia Tech University Aquatic Center.

A combination of solar electric arrays and pool-heating solar collectors were used to provide power and heat to the Georgia Tech University Aquatic Center, site of the 1996 Olympic swimming competition. (Credit: Heliocol)

Solar electricity has powered satellites since the dawn of the space program. It has run remote communications outposts high in the mountains and turned on the lights, kept medicines cold, and pumped water in rural areas for more than 30 years. Small solar cells are used to power wristwatches, calculators, and other electronic gadgets. More recently, solar electric systems have been used to provide supplemental power to homes and commercial buildings in cities.

Solar electric technology has important roles to play in both the developing and developed worlds. From the farmer irrigating his crops in rural Mexico to an innovative lighting system for an Olympic sports arena, solar electric solutions abound.

Electric utilities harness solar electricity for distributed applications—near substations or at the end of overloaded power lines, for example, to avoid or defer costly line upgrades. They use solar electricity during hot, sunny periods when the demand for air conditioning stretches conventional power generation to its limit. The Sacramento Municipal Utility District, for example, uses large solar electric arrays as part of its power generation mix. Utilities also rely on solar electricity to power remote, standalone monitoring systems.

Consumers and builders are integrating solar electric modules into their homes and offices. Innovative solar electric technologies can replace conventional roofing and facade materials in new buildings. Solar electric roofing shingles, for example, are being used in some new residences. In grid-connected applications, solar electricity supplies some of a consumer's energy needs; the local utility provides the rest.

Standalone solar electric systems power a variety of applications far from the reaches of the power grid. These applications include remote communications systems such as television and radio transmitters and receivers, telephone systems, and microwave repeaters. Standalone solar electric power is also used to prevent corrosion of metal pipes, tanks, bridges, and buildings.

Many remote residences worldwide use solar electricity as their source of power. For instance, more than 100,000 vacation homes in Scandinavia rely solely on solar electric technology to run lights and appliances.

Villages around the world are building solar electric systems to bring electricity to their homes and local industries, often for the first time. To make the maximum use of available resources, village power is typically produced by a hybrid power system that combines solar electricity with diesel backup generators and sometimes another renewable energy technology such wind power. Villages also use standalone solar electric systems for pumping water—an application shared by rural farmers and ranchers in the United States.

The electric power generation, transmission and distribution system (the electric "grid") is changing and evolving from the electric grid of the 19th and 20th centuries, which was inefficient, highly-polluting, very expensive and “dumb.”

You can easily and affordably reduce or eliminate your company's "carbon footprint."

Did you know that the United States Congress will be passing the S. 2191 "Cap and Trade" Law in 2009? Did you know that Supreme Court ruled in April (2008) that the EPA already has the authority to regulate Greenhouse Gas Emissions? Cap And Trade narrowly passed in the U.S. House of Representatives, and is now in the U.S. Senate, who has threatened to make even greater reductions of Greenhouse Gas Emissions in their final Bill of the Cap And Trade legislation.

According to Monty Goodell, the Founder and Chairman of the Renewable Energy Institute, “Greenhouse Gas Emissions and Carbon Dioxide Emissions will be the world’s biggest commodity market and will probably soon be the world’s largest market, period." In fact, Mr. Goodell anticipates that Greenhouse Gas Emissions and Carbon Dioxide Emissions will become one of the fasting-growing commodities and markets ever.

Every day, leading companies are spending millions of dollars going "GREEN" and reducing their Greenhouse Gas Emissions.

The Greenhouse Gas Emissions and Carbon Dioxide Emissions Market Potential is staggering! According to a recent New York Times article, carbon trading is one of the “fastest-growing specialties in financial services.”

Already, Greenhouse Gas Emissions Trading and International Carbon Trading markets are worth in excess of $50 billion/year. The United Nations expects this market to be valued in excess of $2 Trillion/year by 2012 and others are saying this could easily exceed $5 Trillion/year within the next several years!

You may be wondering, how can such a relatively new commodity grow so rapidly? Here in the USA, 40 billion tons of Carbon Dioxide Emissions are produced every year. At the present price of $50 per ton of carbon dioxide, the Carbon Dioxide Emissions market is valued at $2.0 Trillion (40 billion tons of Carbon Dioxide Emissions x $50.00/ton).

Qualified commercial, government, industrial and municipal clients can affordably have one of our Solar Cogeneration and Solar Trigeneration energy systems installed, with ZERO up-front costs, with our Power Purchase Agreement. Call (832) 758 - 0027 to learn more and find out if your business qualifies.

Monty Goodell, Founder and President of the Renewable Energy Institute, along with the Renewable Energy Institute's Scientific Advisory Board, which is comprised of several of our nation's leading experts, engineers, attorneys, professors and universities, is calling for our nation and all 50 states to adopt a Renewable Portfolio Standard (RPS) of at least 25% by 2025.

And even better than a Renewable Portfolio Standard, according to Mr. Goodell, is a "Feed In Tariff," which is the route Germany took, and why they have had such great success in their transition to a solar based economy. The fastest paths to jump-start the renewable energy industry, is through a "Feed In Tariff.

A Feed In Tariff is superior to a Renewable Portfolio Standard," according to Mr. Goodell. "For example, look at Germany's success in their transition to an economy based on the installation of solar energy systems, they adopted a Feed In Tariff, are further north from the Equator than we are here in the U.S., and they are placing solar panels on every rooftop and wind turbine generators throughout their country. They are leading the world in renewable energy technologies, primarily due to their early adoption of a Feed In Tariff"

A Feed In Tariff is a utility rate that is established by a state or federal government, that requires a utility to pay higher electricity rates for green electricity generated by the owners of the solar energy systems, whether that is a homeowner or business owner. Feed In Tariffs shifts the expenses of subsidizing green energy from taxpayers, to electricity ratepayers. Feed In Tariffs also include guarantee that the Feed In Tariffs' artificially higher rates, will continue for periods as long as 25 years.

Germany's great success for jump-starting the solar energy industry there, first established Feed In Tariffs in 1999. Germany now has about five times as many solar photovoltaic panels installed as the United States - even though their total combined installations of PV panels still only account for about 0.5% of the electricity generated there.

"So, we go with a Feed In Tariff in lieu of a Renewable Portfolio Standard. Simultaneously, we need to start re-building our national electric grid, and transforming it into 'Transmission Superhighway' or 'Unified Smart Grid' and dramatically increase the nation's power supply as well as implement greater use of 'Energy Efficiency Measures' - also referred to as Energy Conservation Measures. And we need to implement "real" 'Demand Side Management' programs. Failure to move in these areas and to do so immediately increases the risks to our country, our national security and the climate" according to Mr. Goodell.

According to Mr. Goodell, our nation is at a crossroads and we have been 'over the Middle Eastern barrel of their fossil fuels' long enough. We must shift from energy dependence to energy independence and place significant emphasis and investments in our national energy security and lower greenhouse gas emissions.

Renewable energy, and only renewable energy provides the significant economic and environmental dividends our country now needs. Preferably, our fledgling renewable energy industry in the U.S., will be "jump-started" with a Feed In Tariff.

Some of the economic and environmental dividends that renewable energy will provide our country include:

According to the Energy Information Administration, the total US primary energy consumption is expected to increase from 100 quadrillion Btu (quads) in 2005 to 131 quads in 2030. However, the renewable electricity generation remains at 9% while use of coal increases 50 percent in 2030 to 57%. Ethanol use is expected to increase from 4 billion gallons in 2005 to 14.6 billion gallons in 2030, yet that is only about 8% of total gasoline consumption.

In January (2008) the National Climatic Data Center (NCDC) blamed the burning of fossil fuels as a key contributor to global warming and accelerating climate change. The NCDC warned that the rate of the warming is accelerating and that the rise in temperatures over the past 9 years is “unprecedented in the historical record." This was underscored in February (2008) in the consensus report by the Intergovernmental Panel on Climate Change that concluded with near certainty that human activity was the main contributor to global warming.

The renewable energy industry, single-handedly, provides a powerful argument and solutions for these problems.

Global warming and climate change are symptoms of a sick planet and the results of unrestrained "dumping" of huge amounts of pollution - in the form of carbon dioxide emissions and greenhouse gas emissions into the atmosphere.

The vast majority of carbon dioxide emissions and greenhouse gas emissions comes from "dirty" fossil fuels (coal, oil, and natural gas) used in making electricity at power plants and dirty fuels (gasoline and petroleum diesel) that run our internal combustion engines in our cars, trains, planes, and trucks. Our planet is home to millions and millions of internal combustion engines that run on dirty fossil fuels - whether they are fueled with gasoline for running our cars and lawnmowers or running on diesel fuel in the engines of trucks and ships like the very large crude carriers that transport the crude oil all around the world...... every internal combustion engine that is running on dirty fossil fuels is dumping millions and millions of tons of carbon dioxide emissions and greenhouse gas emissions into our atmosphere - which is aggravating and exacerbating our sick planet - and making manmade climate change and global warming more difficult to resolve through manmade remedies and solutions.

"Finally, the fact that over 60% of the gasoline we use every day in our cars comes from foreign countries - should be the "clarion call" that jump-starts the renewable energy industry here in the U.S." said Mr. Goodell.

According to Monty Goodell, the Chairman and Founder of the Renewable Energy Institute, "our country desperately needs to upgrade its' national electric grid. The grid of today is a relic from the past, that is inefficient and costly. Originally built in the 1930's, it is costing our nation approximately $120 billion every year due to its' outdated and out-lived existence. The national power grid as designed and built in the 1930's does not have the efficiencies and capabilities to keep pace with the national power grid's demands of today."

A Transmission Superhighway would be buried underground and "wheels" or transmits the renewable power ("green electricity") from the wind farms of the midwest, and solar farms of the southwest, and geothermal farms of the west, to load centers throughout every corner of the U.S."

According to many estimates, the "Unified Smart Grid" or "Transmission Superhighway" could be built for about $400 billion. Through its' increased efficiencies, savings and reliability improvements that it will provide, the nation's new "unified smart grid" will be paid in full, in less than 4 years.

The carbon clock tracks total carbon dioxide emissions in metric tons since 1750.

Since 1750, humans have emitted over 5 trillion pounds of carbon dioxide into the atmosphere. Roughly half of this has ended up in the oceans where it is beginning to damage the coral reefs. The other half is still in the atmosphere and causing global warming. Each pound of CO2 takes up as much space as a 500 pound person.

The formula (which should be good for a year or two) is:
C(t) = 2.58 ×1012 + 1240×t, where t is seconds since the start of 2007.

C is tonnes (metric tons) of carbon dioxide emissions.
2205 x C gives pounds of carbon dioxide emissions.

That comes to over 43 billion tons/year or over 86 trillion pounds/year.

Carbon dioxide (2) = 1 carbon atom with 2 oxygen atoms.
Carbon has relative weight 12 and Oxygen 16.
So it takes only 12 pounds of carbon to make 12+16+16 = 44 pounds of CO2.

The Renewable Energy Institute (REI) does not take a stand in the debate on global warming, and if there is global warming, is it "anthropogenic" or is it caused by the sun, or the sun's normal cycles. Or, if there is " climate change," is it " global cooling" caused by the water vapor in the atmosphere?

At the Renewable Energy Institute, we are waiting for the "true" scientists who doing the real research, to provide us with the science and answers critically needed to formulate correct policy - and not the phony " scientists" who are following politically-motivated and profit-driven agendas of the United Nations and government leaders. These phony scientists are not interested in conducting real scientific research. Their very livelihoods are dependent on the government grants to fund their phony research that have pre-determined conclusions before and "research" is conducted.

Political-interference by governments, governmental agencies, and bureaucrats that hand out billions of tax-payers dollars to phony scientists to conduct "junk science" and research, expect the conclusions that supports anthropogenic global warming, or climate change.

When scientists conclude in their research that they find no evidence of anthropogenic climate change or global warming, they are summarily dismissed, and black-balled from their communities and colleagues, and never again receive funding or grants. Grants and funding by government bureaucrats with politically-driven agendas to "scientists" expecting their pre-determined results and conclusions supporting anthropogenic global warming must stop.

Taxpayers have bankrolled the oil and gas industry, and the coal industry for 100 years now, and the nuclear industry for 50 years, to keep these dirty fuels and energy "cheap." Take away the tax-payer incentives and tax dollars, and we believe the real cost of gasoline, would be similar to the gasoline cost in Europe - $7.00 - $8.00/gallon!

In the meantime, our U.S. Military is spending billions of tax-payer dollars each year protecting the Straits of Hormuz where much of the world's crude oil is produced and shipped through the straits' international shipping lanes. Each day, hundreds of "very large crude carriers" pass through the Straits of Hormuz carrying oil from OPEC and the Middle-East to the U.S. and many other countries.

Isn't it time we take some of the tax-payer dollars supporting the nuclear, coal and oil and gas industries, and start incentivizing clean, renewable energy technologies that don't pollute or harm the environment in any way? Isn't it time that America ends its reliance on non-sustainable energy sources and stop over $1 billion every day, to oil suppliers from foreign countries, and start putting this money in "solar on every rooftop?!?

Regarding the harm being caused to our planet from energy use, far more harm is being done to the planet, as well as to people and plants and animals, particularly fish, from the mercury emissions from coal fired power plants than from the coal fired power plants' greenhouse gas emissions. We surmise that if any polar bears have died as a result of an environmental problem, it was more likely from the high levels of mercury in their food chain, than from greenhouse gas emissions.

The Renewable Energy Institute is supporting and advancing renewable energy technologies, as well as reducing and eliminating greenhouse gas emissions and the fossil-fuel problems related to America's oil addiction and ending our dependence on foreign oil. The renewable energy technologies we support are already deemed to be economic, viable and practical. Solutions such as Solar Trigeneration energy systems (see www.SolarTrigeneration.com for more information) for any kind of facility or building - office buildings, shopping centers, data centers, university campuses, etc.

Since 2003, a Solar Trigeneration energy system has been providing 100% of the power and energy for a 5,300 sq. ft. office building near downtown Los Angeles, and doing so without any connection to the electric grid, whether its 12 noon or 12 midnite!

The Renewable Energy Institute is also involved in research and advocacy of "Net Zero Energy" (see: www.NetZeroEnergy.com for more information) and "Net Zero Energy Buildings" (see: www.NetZeroEnergyBuildings.com for more information). Net Zero Energy Buildings generate as much (or more) energy than they use, and export their excess power to the grid, which we believe needs to be updated into a "Transmission Superhighway."

The past 10 years indicates the opposite of "global warming" has occurred - that the "Earths Fever" has and that global cooling has taken place.

Weather, on a daily basis, or even an annual basis, is not climate, and climate is not weather.

"Climate change" is always taking place, from one day to the next, and one week to the next, as well as one year to the next. The planet's climate is an ever-evolving, changing and dynamic process.

Again, researchers and scientists need to refrain from being political, and stay out of politics, and politicians need to stay out of the way of the scientists and researchers, and let them do their work. Politicians, government leaders and bureaucrats scientists need true and accurate data and climate research from scientists that do not have a political agenda.

In the meantime, as there may still be 30 years of research before there are conclusive answers concerning anthropogenic climate change, can we "risk" 30 years of our children and grand children's future, should there is a link between climate change and greenhouse gas emissions? Should we not err on the side of caution?

Marion King Hubbert was a geologist and scientist who worked at Shell Oil company's research lab in Houston, Texas. Hubbert made several important contributions to geology, geophysics and petroleum geology. Hubbert is most recognized for the "Hubbert Curve" and " Hubbert Peak Theory" which is now referred to as " Peak Oil.

Hubbert's life work determined that the world has a finite amount of petroleum that can be produced. (Similarly, there is a finite amount of coal.) Many scientists and engineers believe we have reached Hubbert's "peak oil" limit. Hubbert's espouses that when 50% of domestic crude oil production has been reached, that there will be such significant upward demand on prices of the limited supplies of oil production, that the U.S. economy will experience severe economic, social, and political turmoil.

Hubbert's Peak Oil predictions have proven to be true and this is validated as the U.S. in the early 1970's produced about 60% of its' oil demand and imported 40%. That equation has flipped since then, because our domestic oil production has been on the decline since 1970, so now, due to our declining domestic oil production, we have to import 60% of our oil supplies, to meet our country's oil/energy demands.

How severe our economic calamity and next "oil shock" will depend upon a number of factors, including when this occurs, as well as the following:

1. the dependence of the individual country upon its own crude oil production to meet its energy needs and to subsidize consumer imports;

4. the degree to which our country had prepared in advance for this inevitable geological and economic calamity.

Examples of past "oil shocks" and the economic and political calamities that followed:

United States: Our peak crude oil production of domestic oil occurred in 1970; the first "oil shock" and oil crisis followed in 1973 with the Arab/OPEC Oil Embargo.

Iran: Their peak crude oil production occurred in 1974; They had their islamic revolution 1979 that overturned government and replaced it with radical islam.

Soviet Union: Their peak crude oil production was in 1989; what happened next?
Their country disintegrated and the collapse of the Soviet Union followed in 1991.

Indonesia: Their peak crude oil production was in 1991; their financial and government crisis followed in 1997.

Iraq: Iraq's crude oil production was in 1989; they then invaded Kuwait (for their oil) in 1991.

Using Mr. Hubbert's predictions, that beginning around 2000 we would see peak (global) oil production, then, if the country's not weaning themselves off of their oil addiction, and had not begun making the switch to renewable energy, that the negative economic and political calamities would soon follow, including ever-increasing prices of energy that is from fossil fuels.

Now is the time to begin weaning ourselves off of fossil fuels and making the transition to and increasing the use of renewable energy. If you don't believe in climate change, or global warming, GREAT! Join us in the switch to renewable energy and a fossil-free economy!

America Has INCREASED its' Dependence on Foreign
Sources of Energy by 50% Since 1973.

America is even more "addicted" to foreign oil today, than we were in 1973 - 1974 when OPEC, Saudi Arabia and other suppliers from the Middle-East stopped selling us their fossil fuels, and created a significant blow to our economy.

This Means that 65% of America's Energy Supplies are Now Imported from Suppliers from Foreign Countries.

Simply put, about 65% of the gasoline in your car's gas tank, comes from a foreign country.

EVERY day, the U.S. must IMPORT over 13 million bbls of oil from foreign countries and foreign suppliers to meet demand.

At $80/barrel of oil, this also means that $1,040,000,000.00 American Dollars leave our country, EVERY DAY, to foreign countries/suppliers of our fossil fuels, to pay for the energy we need.

That's $1 Billion EVERY day leaving our economy, and going to support a foreign country's economy.

Talk about our foreign trade deficit..... nearly $400 Billion each year, leaves our country to pay for our oil addiction and the energy we need. To be exact, that's $379,600,000,000.00 American Dollars.

Millions of new and sustainable American jobs would be created here at home, if we would end our addiction to foreign fossil fuels, and quickly transition to an economy based on renewable energy and renewable fuels, produced here in the U.S.A.

According to Monty Goodell, Founder and Chairman of the Renewable Energy Institute, "our increased dependence and reliance on foreign energy supplies represents a Clear and Present Danger to our national security, our economy, and the lives and livelihood of every American. Energy - including the energy we use from imported fossil fuels, is the very "lifeblood" of the American economy as it is for every industrialized country. An economy dies without it's lifeblood of energy. This Clear and Present Danger we face is far more serious than the problems related to greenhouse gas emissions. And while greenhouse gas emissions are very serious issue, in the long-term, pales in comparison to America's vital national security interests and America's economic stability in the short term. For this reason alone, America needs to transition away from its addiction to foreign energy supplies. And America's abundant renewable energy resources such as the energy we receive from the sun, and renewable energy technologies such as concentrated solar power (CSP) plants - can supply 100% of America's power requirements with a concentrating solar power plant measuring 75 miles by 75 miles, located in the Southwest U.S. By generating America's power from concentrating solar power plants, America resolves its' short-term Clear and Present Danger as it relates to importing its energy from foreign countries, and the long-term problems relating to greenhouse gas emissions."

Continuing, Mr. Goodell states that "too many Americans have forgotten what happened to us in 1973, when the Arabs and OPEC brought the United States economy to a screeching halt during the OPEC Oil Embargo. This happened because they (mainly the country of Saudi Arabia) disagreed with our foreign policy and is the reason why they "turned off the tap" of our need for their oil supplies. When Saudi Arabia and OPEC stopped the vital flow of oil to our country in 1973, they caused an "oil shock" that severely and negatively impacted our economy.

Mr. Goodell's question for us to ponder is, "do these countries who sell us 60% of our daily energy requirements, like us and our foreign policy, or might they leverage our addiction to their fossil fuels, and turn off the tap to make us adjust or revise our foreign policy?? Like any addict, America's foreign policy may be held hostage to its addiction, and in this case, our addiction to foreign oil, may over-ride our national interests."

Have American's forgotten the gas shortages and long lines at
their gas stations to get gas during the Arab Oil Embargo of 1973?

"Apparently so." Mr. Goodell states that "in 1973, America was 'addicted' and 'over the barrel' of foreign oil to the amount of 40%. Forty percent of our energy 'needs' in 1973 came from countries - many of which didn't like us then, and I'm afraid, many of them still don't. The difference between 1973 and today - is that today we receive 50% MORE foreign oil now than we did in 1973. And now we know about the problems relating to greenhouse gas emissions that we didn't know then. America needs to change course, and change course now, in terms of its' energy supplies and how we keep America's economy strong, without the threat of being held hostage to a middle-east tyrant or regime, that could once again, turn on us, and turn off our supply of foreign oil."

" Sadly," Monty Goodell continues, " most Americans have forgotten the long lines of people waiting in their cars - lined up and waiting for gasoline at their nearby gas station, with lines that were many blocks long. And, after waiting 4-5 hours, many even waiting overnight in many places, to finally take their turn to fill up their car with gasoline, only to find that the gas station had run out of gas."

"Let me Repeat.... That was 1973 when we imported 40% of our daily energy requirements in the form of crude oil from overseas, and from foreign countries - and many of these from countries that don't like us.

Today, over 35 years later, America has yet to learn the lesson. We cannot continue our reliance on energy from foreign countries that supply us with 60% of the crude oil that our refineries use as a feedstock for producing gasoline and diesel fuel for our cars and trucks comes from overseas.

America is "over the barrel" and it's not our barrel, but the barrels of oil that we are addicted by and owned by other countries. Why have we not learned the lessons we needed to learn in 1973 when we were cut-off from the vital energy supplies we need?

Countries like China, are growing rapidly, and have an insatiable need for crude oil. China, with their booming economy, is increasingly growing in its clout and control over international supplies of crude oil - whether they do this through their ability to buy as much oil as they need on a daily basis, or whether they simply but American drilling rigs, technology, and explore and produce oil and gas from their own fields. China, is buying large amounts of oil for their country, and causing upward pricing on declining supplies. What happens if Russia, with all of their oil and natural gas, along with China and Venezuela, with or without the help of OPEC, decided to NOT sell oil to us????

America's reliance for 60% of our energy "needs" coming from foreign suppliers is un-acceptable.

The "driver" to get America to begin reducing and eliminating fossil fuel use should be our nation's national security and the welfare and safety of its citizens. And this can all begin with developing and investing in our own renewable energy resources and renewable energy technologies, let's start by putting solar on every rooftop that has a clear and unobstructed view of the Southern sky. See www.RooftopPV.com or www.DistributedPV.com for more information. Let's create incentives begin with adopting a national "Feed In Tariff" as Germany did in 1990.

Are you doing your part to prevent Climate Change and End America's Reliance on Foreign Energy?

* eliminate or greatly reduce our customer's electric demand charges and electric expenses.

* reduce the need for inefficient and expensive central power plants owned by utility companies.

* promote energy independence.

* end America's dependence on oil from OPEC and other countries in the Middle-East, Venezuela and end our need for importing natural gas from Russia.

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The Renewable Energy Institute is "Changing The Way The World Makes and Uses Energy by Providing Research & Development, Funding and Resources That Create Pollution Free Power, Carbon Free Energy & Renewable Energy Technologies."

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