We believe this hybrid infrastructure of the Energy Tree along with the ethanol solution provided by GreenHouse could change the way Nevada and the rest of the country uses renewable fuel.
San Diego, CA (Vocus) February 19, 2010
GreenHouse Holdings Inc. (OTCBB: CTMQ), an innovative green solutions provider, announced today a partnership with TEECO International, a Nevada-based, green-convergence (wind, solar, bio-fuel) solutions provider. The two companies have agreed to deploy the “Energy Tree,” a revolutionary new technology which is a clean and renewable rapid-deployment energy plant which may be installed and removed in less than eight hours, for a demonstration project in Las Vegas, Nevada. The Energy Tree will generate 1 megawatt of clean energy, as well as potentially create new, green jobs throughout the state of Nevada.
The Energy Tree utilizes a 40-foot high tower including photovoltaic panels, wind turbines, and a generator, producing 1 MW of clean energy. The Energy Tree is powered by ethanol provided by GreenHouse, which is repurposed from organic waste. “This groundbreaking solution offers a clean, sustainable and rapid-deployment source of energy that can help lower the energy costs and reduce the carbon footprint of one of the most trafficked cities in the world, Las Vegas,” said Russ Earnshaw, President of GreenHouse Holdings, Inc. “We plan to use this project as a model for deploying scalable, alternative energy resources nationwide. Our goal is to help reduce the nation's dependence on foreign oil, while at the same time support economic growth through green job creation in the U.S.”
“We believe this hybrid infrastructure of the Energy Tree along with the ethanol solution provided by GreenHouse could change the way Nevada and the rest of the country uses renewable fuel,” said Dan Hyde, Fleet Manager and Transportation Services Manager for the City of Las Vegas and Executive Director of the Las Vegas Regional Clean Cities Coalition. “We look forward to working with GreenHouse Holdings and TEECO International to revolutionize the renewable energy industry.”
“TEECO International is very excited about being able to deliver this unique rapid-deployment energy project with GreenHouse, which will be incorporated into the Energy Tree,” said Dan Parmley Sr., CEO/Inventor of TEECO International. “Together, we will make viable alternatives to fossil-fuel based solutions globally, starting in Las Vegas.”
About the Project
The Las Vegas, Nevada Energy Tree Demonstration Project will feature TEECO International as the research and development arm, while GreenHouse will serve as the distributor and service provider. The Energy Tree plant will comprise 1,000 square feet located on city property at the Las Vegas Fleet Operations Center Stations Yard.
About GreenHouse Holdings, Inc.
GreenHouse is a San Diego, California based energy savings solutions and ethanol fuel provider. Its three primary business segments—GreenHouse Builders, GreenHouse Energy and GreenHouse Community—address broad markets from homeowners and the building industry to corporations, governments, and Third World countries. Fuel products include the revolutionary at-home E-Fuel Microfueler™, which converts ethanol from organic waste. The Company's off-the-grid power solutions include applications for solar energy; the GridBuster (combines with the MicroFueler to convert ethanol into electricity); and the Energy Tree, marketed and distributed jointly with TEECO. For more information, visit http://www.greenhouseintl.com.
TEECO stands for Transportation, Energy, Environment, Communications and Optimization. The mission of TEECO International, Inc. is to become a worldwide energy and aerospace firm by researching, developing, and manufacturing the most efficient, complete, and cost effective transportation, energy, environmental, and communications systems available for government and private sectors. For more information, please visit http://www.teecointernational.net.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by GreenHouse Holdings, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.