Hybrid Energy Expands Portfolio: Carbon Capture & Sequestration Market $221 Billion by 2030
June 10 2010 - 7:30AM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today the
official launch of the Carbon Capture & Sequestration (CSS)
Acquisition and Development Project as it further diversifies its
assets and enhances its revenue potential. This sector will be an
active and important part of the Company's technology portfolio
under its recently announced New Energy Initiative. Shareholders
can expect updates on new asset acquisitions and further sector
announcements as the company executes its portfolio growth
strategy.
According to a new report from Pike Research, respected market
research and consulting firm that provides in-depth analysis of
global clean technology markets, global revenues for CCS systems
could reach as high as $221 billion by 2030.
As industry and political leaders consider future policy related
to climate change, one of the most high-profile approaches for the
mitigation of greenhouse gas (GHG) emissions lies in carbon capture
and sequestration (CCS). Because emissions from large point sources
such as power plants and industrial facilities are a primary driver
of GHGs, CCS is considered by many to be a required set of
technologies to slow, if not reverse, the expected rise in the
Earth's temperature.
The Company is assessing available CSS assets and assembling
experienced cross-functional teams to guide the CSS Acquisition and
Development Project through the innovation, acquisition,
technological adaptation, and system integration development
phases; the required steps to successful commercialization.
The Company will complete its due diligence regarding a select
group of nascent CSS assets and operations and issue investor
updates accordingly.
The CSS Acquisition and Development Project, together with the
Solar Energy Acquisition and Development Project, will increase the
Company's revenue and shareholder value.
The Company recently announced Phase II of its growth and
acquisition strategy and the diversification and expansion of its
current asset holdings with the launch of its "New Energy
Initiative." The Company has successfully established a strong and
growing asset base of clean energy producing operations with strong
recurring profits and cash-flows. The company will continue its
aggressive acquisition and development initiatives in the New
Energy sector, which includes Clean Energy, Energy Smart
Technologies and Carbon Capture & Storage.
The Company recently signed a Letter of Intent to acquire assets
in a transaction valued at $18 million. The transaction is
equity-based transaction with no issuance of debt or use of cash
reserves.
The Company's long-range goals embrace complete conversion to
sustainable and alternative energy sources as its primary portfolio
focus. The company's current portfolio exceeds $200,000,000 in
known reserves with active and profitable energy production across
several properties. The Company will release projections and
estimates of portfolio valuation and revenues as current
acquisitions mature.
About Hybrid Energy Holdings Hybrid Energy
Holdings (HEH) acquires and operates profitable energy companies
with strong historical cash-flow and sustainable profitability. The
Company acquires sector-specific technology and assets as part of
its Phase II Clean Energy Initiative. HEH's prior Phase I
foundation building acquisitions focused primarily on traditional
and proven fuel production. The company now turns its growth
strategy to adding the latest in energy conservation and power
co-generation technologies. HEH may acquire nascent energy
technology or rights as portfolio enhancing assets. HEH's primary
business strategy is the acquisition of diverse, profitable energy
related assets that provide synergistic profits and revenue
enhancements across all portfolio companies.
HEH believes its combination of profitability and mitigated-risk
funding structures provides long-term shareholder equity
appreciation.
The company maintains its web site at:
www.HybridEnergyHoldings.com
Safe-Harbor Statement This release
contains statements or projections regarding future performance
that are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties. The company's filings contain various RISK FACTORS
(and are incorporated on the Company's website "Investors" section
by reference) and should be read before any investment
decision.
Contact: Investor Relations Tel: +1 (775) 636-7602 Fax: +1 (775)
996-7330 info@hybridenergyholdings.com
Hybrid Energy (CE) (USOTC:HYBE)
Historical Stock Chart
From May 2024 to Jun 2024
Hybrid Energy (CE) (USOTC:HYBE)
Historical Stock Chart
From Jun 2023 to Jun 2024