WALNUT, Calif., June 30, 2014 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) today announced that CEO, Dr. Carl Kukkonen, was an invited speaker at the 17th Annual Platts Private Power in Central America Conference held June 12-13, 2014 in Panama City, Panama. The conference covered fossil fuel and renewable electricity projects in the region, and the Nicaragua Energia Reino Verde project was presented as a case study. Kukkonen's presentation, titled "12 MW Biomass Power Plant with 840 Hectare Energy Crop Plantation," described the power plant project in Nicaragua and other applications of Giant King Grass in the Central American region.
Kukkonen reported, "The Platts Conference in Panama was attended by over 300 delegates and provided a good overview of electricity production in Central America. Expensive bunker oil provides most of the electricity in the region. The most important goals in the Central American countries are to reduce electricity costs and to provide additional, reliable generation capability. Other goals include reduced carbon emissions, and renewable energy. Liquefied natural gas (LNG) imported from the US or the Middle East was viewed as an attractive large-scale future option and LNG projects are in development in Guatemala and Panama. Liquid petroleum gas (propane) was also discussed. Liquefied natural gas requires significant infrastructure development and the resulting price is only slightly below bunker oil, but carbon emissions are lower."
Kukkonen continued, "There were three presentations on renewable energy: one on wind, one on solar and my presentation on biomass energy. A very good aspect about this conference is that there were not parallel sessions and all of the delegates heard all of the talks. In my presentation, I pointed out that Giant King Grass electricity is 30% cheaper than electricity from bunker oil and has zero carbon emissions. I described the Nicaragua project and emphasized that biomass energy provides reliable, 24/7 green electricity in contrast with wind and solar that are intermittent and require additional, reliable and quick reacting backup electricity generating sources. On average, solar photovoltaic electricity is only available 25% of the time-- during daylight and sunny hours-- and requires a bunker oil generator the rest of the time. Wind electricity production is proportional to windspeed and this is quite variable. In a constant power application, wind, on average, only provides 34% of the power and the rest must be provided by bunker oil. Including the backup power, Giant King Grass electricity is considerably less expensive than solar or wind. I received many questions after my presentation and expressions of interest from investors and potential projects in other countries."
VIASPACE Chairman, Dr. Kevin Schewe, commented, "The Platts Private Power in Central America Conference is a prestigious, annual regional event that attracts key business, financial and government representatives interested in developing additional electricity production for Central America where there is a true need for expansion. Dr. Kukkonen gave the only presentation on renewable, biomass electricity generation and his talk effectively highlighted our planned 12 Megawatt Energia Reino Verde power plant project in Nicaragua and emphasized using Giant King Grass as the dependable, well-characterized feedstock to create that electricity. As opposed to wind and solar power, our Giant King Grass continuously renewable biomass solution provides green energy electricity 24/7, and like wind and solar power, it reduces dependence on fossil fuels and is carbon neutral. As we have recently reported, VIASPACE is continuing to make excellent progress for renewable, green energy development in Central America and the Caribbean and we are in the process of increasing our footprint in that region."
About VIASPACE Inc.
VIASPACE grows renewable Giant KingTM Grass as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield, dedicated biomass energy crop. Giant King Grass when it is cut frequently at 4 to 5 feet tall is also excellent animal feed. The USDA granted approval for planting Giant King Grass throughout the US and cooperates in exporting by performing the required inspections and issuing the phytosanitary certificate needed for import into foreign countries. Giant King Grass is being grown in California, Arizona, Hawaii, St. Croix Virgin Islands, Nicaragua, South Africa, China, Myanmar, Pakistan and Guyana. For more information, please go to www.VIASPACE.com or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or IR@VIASPACE.com.
Safe Harbor Statement
Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Such factors include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2013, and other factors over which VIASPACE has little or no control.
SOURCE VIASPACE Inc.