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Symbol: OTCBB:CWET

Sector: Renewable Energy

Website: www.cleanwindenergytower.com

SEC Filings: details

8K Merger Filing: details


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Clean Wind (OTCBB:CWET) is featured on Bloomberg Market Spotlight

 

About Clean Wind Energy Tower, Inc.:

Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy Tower, Inc., has assembled a world class team of experienced business professionals, engineers and scientists 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 Energy Tower, Inc. is designing and 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. 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 filed several patents that the Company believes will further enhance this potentially revolutionary technology.

 

Dual Renewable Energy Technology

The Downdraft Tower is a hollow cylinder with a water spray system at the top. Pumps deliver water to the top of the Downdraft Tower to spray a fine mist across the entire opening. The water evaporates and cools the hot dry air at the top. The cooled air is more dense and heavier than the outside warmer air and falls through the cylinder at speeds up to 50 mph, driving the turbines located at the base of the structure. The turbines power generators to produce electricity. The exterior of the Downdraft Tower is constructed with vertical “wind vanes” that run the entire length of the structure. The Downdraft Tower's vanes capture the prevailing wind and channel it through a separate system of tunnels to turn turbines powering generators that produce additional electricity. This dual renewable energy resource enhances the capability and productivity of the Clean Wind system.

 

Clean Wind Energy Tower, Inc. (OTCBB:SSVM)

Environmental

Various parties in the United States and other nations are pursuing clean energy solutions that use efficient and cost- effective renewable resources to serve society while avoiding the adverse effects associated with fossil and nuclear fuels, and also the obvious limitations of solar collectors that work only when the sun shines or wind turbines that work only when the wind blows.

The Downdraft Tower has the capability of being operated with virtually no carbon footprint, fuel consumption, or waste production and this technology has the potential to generate clean, cost effective and efficient electrical power without the damaging effects caused by using fossil or nuclear fuels, and other conventional power sources. The Company also believes that increasing emphasis on green technologies and governmental incentives in the energy industry should have a positive long-term effect on the Company's planned business and the wind energy industry in general.

 

Production

Clean Wind Energy estimates its Downdraft Tower will generate up to 2,500 megawatts per hour, gross, of which approximately 1/3 will be used to power its operations, leaving up to 1,500 megawatts per hour available for sale to the power grid.

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%.

 

Economic Benefits

Jobs Created - Since the downdraft tower will be constructed using conventional materials, equipment and techniques, associated industries will benefit significantly.

  • Creation of professional jobs
  • Creation of manufacturing jobs
  • Creation of construction jobs
  • Creation of transportation jobs

The Clean Wind Energy downdraft tower is a U.S. based invention that will provide clean renewable energy at a cost more favorable than nuclear plants with no negative impacts to our planet.

 

Physical Principles

Evaporating water to create or diminish energy (for cooling) is a well-understood physical principle. Evaporative coolers are used not just throughout the Southwest (hot & arid), but widely in the power industry to cool gas, coal and nuclear power plants.

Similarly, cooling towers adorn the roofs of countless buildings in large cities, providing affordable energy. Airline pilots are very familiar with downdrafts and diligently avoid downdrafts associated with thunderstorms, especially when near the ground, where downdrafts can force a 200 ton airplane dangerously downward.

Clean Wind's Energy Tower uses the same fundamental physical principle evaporative cooling which creates a downdraft. Cool, moist, dense air always fall through hot dry air. What most people are unaware of is that the wind speed in an energy tower can exceed 50mph.

In summary, it is clear that Clean Wind's Energy Tower creates and harnesses the downdraft, using widely applied and well-understood physical principles, to produce abundant electricity.

 

Intellectual Property

The Company has filed several patent applications with the U.S. Patent Office to protect its technology including:

  • A modified mobile base for large tower cranes incorporating a multi-wheeled air ride suspension system for even load distribution on 20 or more wheels, with the ability to keep the tower plumb in all working conditions.
  • Improved Wind Energy Power Transmission System - To more effectively transmit energy via a new multi-stage variable hydraulic drive system that operates efficiently through a very broad range of wind and turbine speeds.
  • Energy Tower Having External Wind Capturing Capacity - To supplement the available energy of an energy tower by capturing existing winds aloft (800 to 4,000 ft).

 

Partners

The Company has entered into a number of agreements with potential partners to meet the development aspects of the tower. Specifically, three of the largest companies in the world are working with clean wind providing final bids to meet the tower's specifications.

 

Management Team

  • Ronald W. Pickett, President and CEO, Chairman

Ron brings over 40 years of construction, development and innovative technology skills and expertise to the team. He has founded numerous companies from startup and nurtured three from inception through the public ownership process. All three public companies involved new, innovative, first-to-market global technology solutions. Ron also has a keen understanding of government, legislative, and permitting practices.

  • Steve Sadle, Chief Operating Officer, Director

Steve is a seasoned entrepreneur with over 40 years of diversified experience in management, contracting and heavy infrastructure development, interfacing with both the government and private sectors. He is experienced in Web based vertical extranet applications and has developed operating extranets in the construction and transportation industries. Steve served as co-founder, Chief Operating Officer and Director of a public technology company. He was also founder and president of a successful local construction company and was awarded the Small Businessman of the Year Award for the Washington Metropolitan Area.

  • Robert P. Crabb, Secretary and Chief Marketing Officer, Director

Bob has over 40 years of public and private sector experience including 15 years in the insurance industry including, sales and sales management with MetLife and independent property and casualty brokerage. His entrepreneurial expertise includes marketing consulting, corporate management and commercial/residential real estate development. He has served in a corporate governance capacity as secretary to a number of start-up companies.

  • Ownkar Persaud, Chief Financial Officer

Ownkar is a Chartered Accountant with extensive public and private company experience. He has served as the Vice President of Finance and Principal Accounting Officer for a publicly traded cable, telephone and Internet service provider, in which capacity he managed the Company's financial operations. He was also the Assistant Controller and SOX Compliance Officer for a publicly traded energy management solutions provider. Ownkar served as Assistant Controller at SOTAS Inc., a provider of telecommunication network management services.

 

Contact:

Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@cwetower.com
www.cleanwindenergytower.com

Investor Relations
Jody Janson
Phone: (855) 848-6937
Email: ir@cwetower.com

 

Media Coverage:

October 9, 2011 - City Biz Baltimore - SEC Filing: Clean Wind Energy Tower Enters Securities Agreement With Asher Enterprises

CWET Featured in http://www.altenergystocks.com/
New Way to Skin the Renewable Energy Cat
Tom Konrad CFA
It's not often that I come across a new type of renewable energy and think, "This could really work." But that's what I thought when I heard the concept for the downdraft tower proposed by Clean Wind Energy Tower (CWET.OB). Full story

June 1, 2011 - baltimore.citybizlist.com news coverage - Clean Wind Energy Provides Shareholder Update, Files Patent Applications

May 26, 2011 - CityBizlist.com - By Brian Wolak – "Clean Wind Energy Tower Raises $849K"

May 20. 2011 - City Wind Mills, Ltd.. (Frankfurt: Cyw) featured in Eco Periodicals – Renewable Energy News Monitoring

 

News for Clean Wind Energy Tower, Inc.:

 

Disclaimer: Corporate Profile as prepared and approved by featured company.
* Investorideas.com disclaimer / disclosure

The following profile is a paid for submission/ad. Please read our full disclaimer and disclosure regarding specific compensation. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented.

BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894


Safe Harbor Statement

Any statements contained herein or on our Company Web Site that are not historical facts may be forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.


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