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Press Release
Los Alamos Renewable Energy
19 Industrial Park Road
Pojoaque, New Mexico 87506 | | For more information:
Chet Sapalio, 814-733-4800
www.lare.us |
LOS ALAMOS RENEWABLE ENERGY DEVELOPS 100% POLLUTION FREE PROCESS TO PRODUCE ELECTRICITY AND FUEL USING THE SUN
New technology is an economical, environmentally sustainable answer
to the world's energy needs.
POJOAQUE, February 8, 2005 - Los Alamos Renewable Energy (LARE), located in Pojoaque, New Mexico, announced today that it has made a dramatic scientific breakthrough in creating fuel and electricity from the sun via a patented carbon dioxide (CO2) splitting process, providing an inexpensive and pollution-free alternative to other processes for making fuels.
At its plant in Pojoaque, LARE has successfully demonstrated its ability to "split CO2" using solar energy to produce electricity and fuel. This process, called SOLAREC™ (Solar Reduction of Carbon), uses ultra-high temperatures created by focusing the energy from the sun, to split CO2 into its component parts, carbon monoxide and oxygen. The carbon monoxide is then reacted chemically to produce fuel with no harmful CO2 emissions.
SOLAREC™ is America's answer to the world's energy problems as it creates pollution free energy round-the-clock. By day, electricity is produced by focusing the energy from the sun to heat water which creates steam to turn turbines. By night, the electricity producing turbines operate by burning the clean fuel, which was also produced during the day through the CO2 splitting process. "The most exciting part is that SOLAREC™ is a green process, and the energy that drives the process is free. Our technology proves that we can produce non-polluting electricity and fuel using solar energy" says inventor Dr. Reed Jensen.
The decentralized SOLAREC™ systems can be built easily and economically near highly populated areas or in remote corners of the world providing inexpensive, on-demand electricity. A SOLAREC™ system can supply electricity to a small factory or village, or it can generate enough power to provide constant, round-the-clock electricity to a large city. Further, a fully operational system can be built and operated for the same investment as an equivalent size, fossil fuel burning electrical power plant with CO2 capture and sequestration. The largest source of fossil fuel consumption in the US is electricity production, accounting for 38% of the total. The Electrical Power Research Institute has projected that the world will need 7,000 GW of additional electrical generation capacity by 2050 (today's total is just over 3,000 GW). SOLAREC™ is the economical way to meet this need without CO2 emission. The SOLAREC™ system can also be set up as a power source for water desalination to provide clean potable water to those who need it. The World Health Organization estimates that, globally, 1.1 billion people lack access to clean water supplies.
The high cost of petroleum-based energy, coupled with increasing concerns about global warming and the environmental uncertainties of building more nuclear power plants, drives the market for clean, renewable energy. The international adoption of policies such as the Kyoto Protocol, the U.S. Government 2004 Energy Bill, the state legislated mandates for use of renewable energy, and federal renewable energy investment and production tax credits, support a renewable energy economy. LARE is well-positioned to deliver cost effective SOLAREC™ systems to the world.
LARE's mission is to help its clients achieve energy independence, using the patented SOLAREC™ technology to produce clean, renewable energy at a cost competitive with fossil fuel generated power. LARE provides an alternative to conventional fossil fuels and nuclear energy power plants, with its SOLAREC™ powered systems. SOLAREC™'s decentralized and stand-alone features can provide electrical power to all sunny areas of the world. SOLAREC™ is a 100% pollution free process, environmentally sustainable, and a cost effective way of producing fuel for industrial processes, or for powering vehicles and homes. SOLAREC™ is on track to be an important part of the solution to the world's energy problems for the 21st century. For further information about LARE and SOLAREC™, contact Chet Sapalio, Investor Relations @ 814-733-4800 or visit the Contact Page -END-
http://www.lare.us/basefile/press.html
Serving the World's Energy Needs
Los Alamos Renewable Energy (LARE) has developed a patented technology, Solar Reduction of Carbon Dioxide (SOLAREC™), which produces fuel while simultaneously producing electricity from free and renewable solar energy.
The fuel produced during the day by the SOLAREC™ process, can be burned at night to power turbines that produce electricity to meet demand. A truly revolutionary technology, SOLAREC™ produces large scale electric power 24/7 with no environmentally harmful by-products. SOLAREC™ is unique in the solar energy world because it converts solar energy directly into chemical energy. Many other solar processes waste much of their energy in the energy conversion process. 
Invented by physical chemist Reed Jensen, Ph.D., formerly with the Los Alamos National Laboratory, SOLAREC™ design, development, and prototyping is based at the LARE solar thermal research and development laboratories near Los Alamos, NM.
LARE's mission is to help its clients achieve energy independence, using the patented SOLAREC™ technology to produce clean, renewable energy at a cost competitive with strictly conventional, fossil fuel generated power. LARE provides an alternative to fossil fuels and nuclear energy power plants, with its SOLAREC™ powered systems. SOLAREC™'s decentralized and stand-alone features can provide electrical power to all sunny areas of the world. SOLAREC™ is a 100% pollution free, environmentally sustainable, and cost effective way of producing fuel for use in fuel cells and industrial processes, or for powering vehicles and homes. SOLAREC™ is on track to be an important part of the solution to the world's energy problems for the 21st century. For further information about LARE and SOLAREC™, contact Chet Sapalio, Investor Relations @ 814-733-4800 or visit the site Contact Page.
Los Alamos Renewable Energy, LLC
19 Industrial Park Road
Pojoaque, New Mexico 87506
Phone: 1-814-733-4800
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