ANNAPOLIS, Md., Oct. 3, 2012 /PRNewswire/ -- Clean Wind Energy Tower, Inc. (OTCBB: CWET, the "Company") announced that it has developed a software based analytical program to determine the energy generation capabilities of its Downdraft Towers based on the climate in geographic locations around the world, and is taking appropriate steps to protect its new intellectual property invention.
This essential tool has been under development by the Company for over one year and applies "known" scientific meteorology data of a specific area to the Downdraft Tower's variables in order to determine and project energy outputs on a daily basis. Advancements in the scientific community over the last decade that predict and pin-point specific weather conditions provided significant insights to the development of this innovative tool.
Ronald W. Pickett, Chairman and CEO, commented, "This analytical tool, combined with our existing core patents, clearly provides the Company with a unique opportunity to allow global positioning of this alternative solution to the world's energy needs. Clean Wind Energy can now rapidly respond to a request from virtually any country reasonably suitable to host a project and determine specifically where the Downdraft Tower should be located, the size of the Tower and the amount of electricity it can produce." Mr. Pickett further stated, "Our business plan from inception envisioned "partnering" with various entities (utilities, investors, political subdivisions) to provide the ability to bring this solution to the market as rapidly as possible. This software tool has been an integral part of our plan and we applaud our expert team for their major work and accomplishments by developing this program."
About Clean Wind Energy, Inc.
Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy Tower, Inc, has designed and is preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies.
Abundant, Clean, Affordable Energy
As designed, the Company anticipates that each Downdraft Tower could generate enough electricity to power up to 1,000,000 homes using the guidelines set forth in the California Statewide Residential Appliance Saturation Study, 2004. As an independent power producer of clean, renewable energy, the Company will not be selling power directly to consumers but rather to the grid. As currently designed, the Company anticipates that each Downdraft Tower will be capable of generating 1,200 megawatt hours of salable electricity to the grid - one megawatt equates to 1,000,000 watts or 1,000 kilowatts of electricity. Currently, average costs per kilowatt in California are running approximately $0.11/kilowatt hour. Power sales at $0.11/kilowatt hour, from a plant capable of generating 1200 megawatt hours of power, averaging 750 megawatt hours per hour of production, could generate in excess of $700 million annually in power sales.
Our Company's core objective and focus is to become a leading provider of clean efficient green energy to the world communities at a reasonable cost without the destructive residuals of fossil fuel, while continuing to generate innovative technological solutions for today and tomorrow's electrical power needs.
In addition to constructing Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineering and scientific consultants with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market.
Clean Wind Energy, Inc. has been awarded their core patent and has additional patents pending that the Company believes will further enhance this potentially revolutionary technology. Clean Wind Energy, Inc. is based in Annapolis MD, and is traded on the OTCBB under the symbol 'CWET'.
For more information, please visit www.cleanwindenergytower.com.
Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Annapolis, Maryland 21401
Investor Relations Contact:
Phone: (855) 848-6937
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
SOURCE Clean Wind Energy Tower, Inc.