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RenewableEnergyStocks.Com Reports -- 'Energy Bill Passes Senate, Opening Doors for Renewable Energy Initiatives and Alternative Energy Market Growth'

Posted on: Wednesday, 6 July 2005, 15:00 CDT

Senate's passing of Energy bill bodes well for the Future of Renewable Energy Technologies and the Alternative Energy Industry

www.RenewableEnergyStocks.com (RES), an investor and industry news portal for the renewable energy sector, reports on the potential impacts of the Senate's recently passed energy bill on the renewable energy industry and the technologies that comprise it through companies such as XsunX, Inc. (OTCBB:XSNX), a Building Integrated Photovoltaics developer, Intrepid Technology and Resources (OTCBB:IESV), specializing in renewable energy production projects, FuelCell Energy (Nasdaq:FCEL) a world leader in the development and manufacture of highly efficient hydrogen fuel cells for clean electric power generation, Ballard Power Systems (Nasdaq:BLDP), developer of proton exchange membrane fuel cells, and U.S. Geothermal (OTCBB:UGTH), a renewable energy development company focused on geothermal energy.

Report Excerpt: Energy Bill Passes Senate Opening Doors for Renewable Energy Initiatives and Alternative Energy Market Growth.

By Ann-Marie Fleming, www.RenewableEnergyStocks.com

July 2005

On June 28th, 2005 the Senate approved the energy bill with an overwhelming 85-12 vote in favor of the legislation. The energy plan omitted two controversial issues that were present in the bill passed by the House, which dealt with drilling in the National Wildlife Refuge in Alaska and leniency towards those firms that make a water polluting fuel additive. The legislation does include measures aimed at increasing ethanol use and contained approximately $18 billion in energy tax breaks.

The Senate passed plan has many in the renewable energy industry cheering for the inclusion of a provision that requires that 10% of electricity sold by utilities to consumers must come from clean energy resources, such power produced by wind, geothermal and solar technologies. "The passage of U.S. Senate Bill H.R. 6 is a tipping point in U.S. energy policy trends aimed at establishing energy security and independence for the balance of this century," stated Tom Djokovich, CEO of XsunX. "Some of the key aspects to the bill are its support for the adoption of solar energy production technologies in the form of residential and commercial tax credits not seen since 1982, and the adoption of the first-ever national renewable energy requirement, which stipulates that investor-owned electric utilities must generate 10% of their power output from renewable sources by the year 2020. These types of incentives should prove to be a watershed for growth opportunities for manufacturers, developers, and distributors of renewable energy technologies."

Fuel cell developers such as FuelCell Energy and Ballard Power Systems see key benefits from the bill. According to Steven Eschbach, FuelCell Energy's Director of Investor Relations and Communications, "The Senate bill has two provisions that are truly helpful for our technology. There are two financial tax incentives, one is called the Investment Tax Credit which is a 30% investment tax credit up to $1,000 per kilowatt and the second is a production tax credit which is a 1 1/2 cent per kilowatt benefit for fuel cells, which are ideal for our scope of technology." The energy bill has the potential for industry acceleration across the renewable energy landscape. As Michelle Cormack, Ballard Power Systems explains, "Should the energy bill be enacted and funded, Ballard and its industry and government partners will be able to accelerate the arrival of the hydrogen economy and the commercialization of fuel cell technology, quickening the pace of necessary research and development, putting more vehicles on the road through demonstrations, and beginning an earlier and more robust transition to market."

To Read the Full Report Click Here: www.renewableenergystocks.com/Articles/Energy_Bill.asp

Featured Company: (RES is compensated by companies as disclosed in disclaimer.)

XsunX, Inc (OTCBB:XSNX) is the developer of Power Glass(TM) -- an innovative solar technology that allows glass windows to produce electricity from the power of the sun. This proprietary process is intended to allow manufacturers to apply a transparent and photovoltaic glazing to glass and other transparent substrates. When XsunX glazing is exposed to light, the light energy is converted into electrical energy for use as a power source. XsunX believes that its solar electric glazing technology has a number of major market opportunities in the worldwide architectural glass, optical film and plastics markets.

For Access to the Online Audio Interview with XsunX's CEO Click Here:

http://www.investorideas.com/CO/XSNX/Audio/interview_051705.asp

Corporate Profile, News and Info: http://www.renewableenergystocks.com/CO/XSNX/Default.asp

RenewableEnergyStocks.com offers investors research, news and company links within the renewable energy sector. To complement this site, we also feature www.FuelCellCarNews.com to meet the interest in fuel cell technology and the participating public and private companies. InvestorIdeas sites do not give specific recommendations, and encourage investors to complete due diligence.

Our current list of Renewable/Alternative Energy Stocks is available here: www.RenewableEnergyStocks.com/Companies/RenewableEnergy/Stock_List.asp

Our current list of Fuel Cell Stocks is available here: www.FuelCellCarNews.com/Companies/FuelCellCarnews/Stock_List.asp

InvestorIdeas.com's free "Investor Incite" Newsletter consists of company and industry updates, investment research and developing trends in key areas such as Homeland Security, Renewable Energy, Nanotechnology and more.

To sign up click here: www.InvestorIdeas.com/Resources/Newsletter.asp

Disclaimer: ECON Investor Relations Inc is the owner of the domain www.RenewableEnergyStocks.com and www.FuelCellCarNews.com. Our site does not make recommendations, but offers a unique information portal to investors to research news, articles, and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. All investments involve risk. Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented. We encourage all investors to use our sites only as a resource to further their own research. All information relating to featured companies is sourced from public documents and/or the company and is not the opinion of ECON or its related web sites. The site is currently compensated for by its "featured company." XSUNX Inc. (OTCBB:XSNX) Two thousand dollars per month and two thousand equivalent in one forty-four shares. www.InvestorIdeas.com/About/Disclaimer.asp

Source: Business Wire

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