Hybrid Energy to Benefit From "Perfect Storm": Solar Energy Market to Increase 250% to $100 Billion by 2014
June 02 2010 - 8:30AM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today the
official launch of the Solar Energy Acquisition and Development
Project as the first major project under its recently announced New
Energy Initiative.
The Company is currently completing its due diligence regarding
a select group of nascent Solar technologies and operations, and
will be issuing formal updates as the review process
progresses.
The Solar Energy Acquisition and Development Project, together
with the addition of technologies to increase the Company's
production efficiencies and profitability will increase the
Company's revenue and shareholder value.
The Solar Energy Sector is currently entering the 'Perfect
Storm," according to Pike Research . The respected market research
and consulting firm that provides in-depth analysis of global clean
technology markets. Pike Research forecasts that worldwide solar
demand, driven by lower costs and greater availability of credit,
will increase to 10.1 gigawatts (GW) in 2010, a year-over-year
increase of almost 43%.
"The Solar Energy industry will return to high growth in 2010
and also over the next 5 years. Even in the slowest growth
scenario, the global market will be 2.5 times its current size by
2014. Under the Production Led scenario, the fastest growing
forecast, annual industry revenues approach $100 billion by 2014,"
according to NPD Group which the publishes The Leading Annual World
Solar PV Industry Report.
The Company recently announced Phase II of its growth and
acquisition strategy; the diversification and expansion of its
current asset holdings with the launch of the 'New Energy
Initiative." The Company has successfully established a strong and
growing asset based of clean energy producing assets with strong
recurring profits and cash-flows. The company will continue its
acquisitions in this sector and expand the scope of its
acquisitions.
The Solar Energy Acquisition and Development Project is the
first major acquisition and development project under the Company's
New Energy Initiative, which calls for the aggressive investment
in, acquisition of and development of nascent 'New Energy'
technologies Intellectual Property assets and operations in the
Clean Energy, Energy Smart Technologies and Carbon Capture &
Storage sectors of the Energy Sector.
The company is completing the acquisition of several new assets,
operations and technologies. The Company encourages further
technology submittals through the Merger & Acquisition portal
at www.HybridEnergyHoldings.com
The Company continues to grow its Gas & Oil production
holdings and most recently announced its planned acquisition of new
proven, untapped reserves of Natural Gas. The estimated value of
this acquisition is approximately $30,000,000. Full details and
disclosures will be made upon completion of the transaction.
The Company recently announced its production levels had
increased 864% year over year; and expects further increases in
production levels and increases in revenue and shareholder
value.
The Company's portfolio consists of multiple energy production
properties consistently delivering profitably and strong recurring
cash-flows. The company's current holdings include 35 Billion Cubic
Feet of reserves and produces from an estimated $30,000,000 in
active reserves and an additional estimated $145,000,000 in
available reserves.
The company has acquisitions currently under consideration and
when completed are expected to bring the company's portfolio value
above $200,000,000 in proven energy reserves.
About Hybrid Energy Holdings
Hybrid Energy Holdings (HEH) acquires and operates profitable
energy companies with strong historical cash-flow and sustainable
profitability. HEH's acquisitions are focused primarily on
traditional and proven fuel production and 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 Holdings
Hybrid Energy (CE) (USOTC:HYBE)
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