Clean Wind Energy Tower, Inc. Receives Efficient Energy Conversion Devices & Methods Patent Maximizing the Capture and Use of Available Wind Tunnel Energy
ANNAPOLIS, Md., July 23, 2012 /PRNewswire/ -- Clean Wind Energy Tower, Inc. (OTCBB: CWET) announced the publishing of its patent titled Efficient Energy Conversion Devices & Methods (U.S. Pat. No. 8,120,191) by the United States Patent and Trademark Office.
The patent covers specific aspects of deploying multiple turbines in a wind tunnel coupled to a novel hydraulic system capable of maintaining high efficiency hydraulic to electric conversion under a wide variance of wind speeds. The ultimate goal is to maximize the capture and utilization of all available wind energy in any given wind tunnel, as well as providing a consistency of power output during any deviations in wind speed. The Company considers this patent to be a "Core Patent" providing a significant barrier to entry for any potential competitor.
Ronald W. Pickett, President, Chief Executive Officer of CWET previously stated, "Our innovative solution of extracting the maximum energy generated by the captured wind, with the least loss of power throughout the transmission cycle from capture to exhaust, produces a much more consistent level of power output while compensating for the normal differentials in atmospheric conditions over any given period, and should coincide with our customers' requirements. The technological concepts and applications claimed and embodied within this patent provide significant benefits toward enhancing the level of efficient power generation, as well as reducing operational costs.
The annual capacity factor for the downdraft portion of the Energy Tower is predicted at approximately 51%. Prime production periods are daytime and evening during spring, summer and fall, which closely align with electricity demand patterns. However, the External Wind Capture keeps working 24/7, whenever a wind is blowing, including cold winter months and at night. Its capacity factor is estimated at approximately 75%, which raises the Energy Tower's overall capacity factor to above 60%. Clean Wind believes that the Downdraft Tower will be capable of recapturing and recycling the vast majority of the water used to create the downdraft. This water may be returned to be reused in the Downdraft Tower or diverted for local potable water.
As currently designed, the Company anticipates that each Downdraft Tower will be capable of generating up to 1,200 megawatts per hour of salable electricity to the grid. One megawatt equates to 1,000,000 watts or 1,000 kilowatts of electricity. Currently, avoided costs per kilowatt in California are running approximately $0.11 per kilowatt hour.
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.
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 has filed several patents 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.
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