W2 Energy Inc. To Submit Technology to Department of Energy Clean Coal Power Initiative
Posted on: Tuesday, 12 August 2008, 12:01 CDT
W2 Energy Inc. (PINKSHEETS: WTWO) is pleased to announce it will submit its Coal to Liquid technology to the DOE CCPI (Clean Coal Power Initiative) for funding. The CCPI is seeking to accelerate the commercial deployment of advanced coal technologies to supply the United States with clean, abundant and affordable energy. The funding will provide up to 340 million dollars to be distributed among multiple selected recipients.
"W2 Energy continues to become a recognized leader in the development and commercialization of Modular, flexible Micro CTL (Coal To Liquid) and BTL (Biomass To Liquid) units," said Mike McLaren, CEO of W2 Energy. "They have excellent connections and deep technical expertise in wood waste, agricultural waste, cogeneration and energy production. This will be the first of many waste-to-energy plants we develop with TecFuels."
About W2 Energy Inc.
W2 Energy LLC is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy LLC's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
About TecFuels, LLC
TecFuels is a company that uses the latest technologies to develop renewable energy projects, primarily in the Great Northwest. Their mission is to provide the highest quality fuel and electricity while helping to maintain the integrity of our environment.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
For further information, please contact: W2 Energy Inc. Info@w2energy.comwww.w2energy.com
SOURCE: W2 Energy Inc.
Source: MARKET WIRE
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