Energy Ventures Organization, Inc. a private based Nevada Company that is in the advancement of using "Zero Pollution Energy Solutions" (ZPES) and has been doing various research and development with alternative energy.
(PRWEB) October 20, 2005 -- Along with
Partner(AOOR), Apollo Alternative Fuels Company, LLC, a wholly
owned subsidiary of Apollo Resources International, Inc OTCBB
(AOOR), Energy Ventures Organization is producing hydrogen and
converting it to electric power for use in a home, with its
hydrogen generator using solar and wind. "Our involvement in
technology advancement through research and development is
proceeding right on track", stated President Conrad Vergara.
We have completed and are testing our Second Generation
"up-scale hydrogen unit" making hydrogen by using
electrolysis and the photovoltaic process. Our next step will be
to build multiple connected units to produce hydrogen stored, in
stainless steel metal hydride tanks, with the capacity to run a
standard home on a daily basis. We are also utilizing and testing
the "Airgen" fuel cell generator by Ballard
Technologies, that is fueled by hydrogen and can produce 1500
watts of power (1 kW), which can power basic small home
appliances with natural energy without using any plug in power.
We are basically off-grid that is a big step for our research and
development team. Cost efficient energy applications are one of
our goals for the residential homeowners," stated Mr.
Vergara.
The New Energy Bill Extends Wind Power Incentives, Production Tax
Credit, and other incentives are soon to be signed into law by
the end of the year. Up to 2,500 megawatts of wind energy
capacity are scheduled to come on line in the U.S. this year,
bringing new power to the equivalent of 700,000 homes and
injecting over $3 billion of investment into the power generation
sector. With the timely extension of the Production Tax Credit
(PTC) the American Wind Energy Association anticipates that
strong growth momentum will continue in 2006 and 2007.
Energy Ventures Organizations combined research, design, and
development of its hydrogen generator, along with solar and wind
is happy to be partnering with Apollo Resources to attain its
goals and future objectives." We plan to make hydrogen,
solar and wind technologies and other systems an accepted concept
that can be an integrated option for distributed-energy
production for both on and off the electric power grid.
The future for Energy Ventures Organization is to add significant
reliability, diversity and security to the U.S. Energy System and
improve the quality of life in this country by expanding
inexpensive electricity to all. And to significantly reduce the
environmental signature (air emissions) by displacing fossil fuel
energy systems with cost effective solar energy systems and other
alternative power.
The Energy Policy Act of 2005(H.R. 6) establishes a 30% tax
credit up to 2,000 for the purchase of residential photovoltaic
(solar electric) and solar water heating. An individual can take
both a 30% credit up to $2,000 cap for a photovoltaic system and
a 30% credit up to $2,000 cap for a solar water heating system. A
30% tax credit up to $500 per 0.5 kW is also available for fuel
cells. The credit is calculated based on the individual's
expenditures excluding subsidized energy financing which is
defined as "financing provided under a Federal, State, or
local program, a principal purpose of which is to provide
subsidized financing for projects designed to conserve or produce
energy" We at Energy Ventures Organization are committed to
that success.
This press release includes “forward-looking
statements” Although the Company believes that the
assumptions upon which its forward-looking statements are based,
are reasonable, it can give no assurance that these assumptions
will prove to be correct. Important factors that could cause
actual results to differ materially from the Company’s
projections and expectations are disclosed in the Company’s
filings. All forward-looking statements in this press release are
expressly qualified by such cautionary statements and by
reference to the underlying assumptions.
CONTACT INFORMATION
John Bonaventura, CEO
Energy Ventures Organization
Visit Our Site: www.energyventures.org
702-250-9532
2005 Energy Ventures Organization, Inc.