FORT WALTON BEACH, Fla., June 21, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT - News) released a statement today discussing its high-tech Solar Collector in detail.
Wind and solar are fast becoming the leading sources of renewable energy. Kalahari Greentech designs, produces and provides wind turbines, solar collectors and other sustainable energy technologies. Worldwide wind power generation exceeded 200 billion kilowatthours in 2008, which is equivalent to the annual electricity consumption of over 18 million average households in the United States. Wind generation increased by about 25% from 2007 to 2008, and has more than tripled since 2003. This growth is mostly due to capacity increases in the United States, China, India, and Western Europe (Source: http://www.eia.doe.gov).
According to the U.S. Department of Energy's news release dated March 25, 2009, entitled, "Solar Energy Grew at a Record Pace in 2008," solar energy deployment increased at a record pace in the United States and throughout the world in 2008. On March 19, 2009 the Solar Energy Industries Association (SEIA) released its "2008 U.S. Solar Industry Year in Review," which found that U.S. solar energy capacity increased by 17% the past year, reaching the equivalent of 8,775 megawatts (MW). The SEIA report also notes that the United States installed 342 MW of solar photovoltaic (PV) electric power, 139 thermal megawatts (MWTh) of solar water heating, 762 MWTh of pool heating, and 21 MWTh of solar space heating and cooling in 2008. (Source: http://www.energy.gov/).
Kalahari's Solar Collector addresses the matters of collector and system efficiency to build a single cost-effective unit. To do this, the collector operates three functions simultaneously to enhance system performance. Hence, it has been labeled as a "Tri-Brid" system. Without all three functions being performed from a single integrated system, the solar collector would not be economically viable. However, since the three functions do take place together, Kalahari's combination Thermal-Voltaic Solar Collector proves to be a cost-effective unit.
More information can be found on the company's website, http://www.kalaharigt.com/.
About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
Forward-Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
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