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Why leaving the antiquated OTCBB does not matter May 26, 2010

Posted by cleanidahoenergy in Investment news, Uncategorized.
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I appreciate this perspective on the OTCBB. The complete report is available by subscription here, but here are some excerpts from the May 13 Reverse Merger Report.

“It’s likely that the OTC Bulletin Board (OTCBB) will soon be history, but that does not mean the end of over-the- counter markets. Just as the old OTCBB has been disappearing, another system has been rising in its place. Pink OTC Markets, the company that bought and transformed the nearly 100-year-old Pink Sheets, has been growing and taking over as the quote platform for smaller, non-exchange listed companies. In fact, it has been the existence of and the efforts of Pink OTC that may have hastened the end of the old Bulletin Board …  ‘The world has changed, technology has changed and the Bulletin Board got a bit long in the tooth,’ explained Stephen Nelson, founder of the Nelson Law Firm in White Plains, N.Y. … the Pink OTC has much to offer over its competitor … the technology is more advanced, the service is better, and the associated relationships and infrastructure that Pink OTC brings to the table are attractive to companies and investors. It has also promoted itself and created a recognized brand with a strong identity. While the OTCBB was sort of just there, Pink OTC has worked to generate consciousness about what it does and what it offers. “

More great news on power generation May 21, 2010

Posted by cleanidahoenergy in AEHI, Areva, Gov. Butch Otter.
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The Idaho Statesman mentions us in a story about President Obama’s increased push for nuclear power. It is worth a read. In addition to nuclear, we welcome the proposed funding for renewable energy as well.

We also join Gov. Otter in applauding the Department of Energy’s approval of a $2 billion loan guarantee for Areva’s proposed uranium enrichment facility in Eastern Idaho.

“DOE’s decision is great news for AREVA and Idaho,” Governor Otter said in the release. “The loan guarantee confirms that Idaho continues to lead the nuclear renaissance in America. The decision also paves the way for new careers and economic recovery across the state.”

It will be a great day when Idaho’s first commercial reactor will be able to make electricity with uranium fuel produced in Idaho.

AEHI Provides Business Update and Recap of Key Milestones Major Progress Achieved Towards Local Approval of Nuclear Reactor May 20, 2010

Posted by cleanidahoenergy in AEHI, approval process, desalination, economic benefits, Elmore County, Energy policy, nuclear industry, nuclear jobs, Nuclear Regulatory Commission, Payette County, public opinion.
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BOISE, Idaho, May 20, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (OTCQB:AEHI) today provided a business update for the first quarter of 2010. Key operational highlights include:

— Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan to allow development of a nuclear power plant

— Elmore County, Idaho Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan paving way for final approval of AEHI’s proposed nuclear power plant by the County Board of Commissioners — Agreement with China National Nuclear Corporation (“CNNC”) to produce and market nuclear desalinization reactors internationally

— Agreement to work with Dalian Shipbuilding and Equipment Manufacturing Company, Ltd. (“DSIC EM”) to qualify and market various large-sized manufacturing components for use in the international energy industry

— Completed construction of company’s first Energy Neutral(TM) home designed and built specifically to be energy neutral but at a total cost that is both affordable and comparable to that of traditional building techniques

— As of March 31, 2010, AEHI had approximately $3.5 million of cash and no long-term debt

“We continue to make rapid progress on our plans to permit and construct a nuclear reactor in Idaho, through our Idaho Energy Complex (IEC) subsidiary,” said Don Gillispie, AEHI CEO. “Most recently, in May 2010, the Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan in order to allow development of a nuclear power plant at our site, and we expect final local approvals in 2010. Additionally, in April 2010, at our backup site in Elmore County, the Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan that paves the way for final approval of AEHI’s proposed nuclear power plant by the Board of Commissioners expected later this year. These two milestones illustrate the broad public acceptance and support for our projects.

“At the same time, we are making progress on a number of additional fronts. Most recently, we announced a major agreement earlier this week with CNNC to produce and market nuclear desalinization reactors internationally. We are already in discussion with several countries in need of clean, potable water as well as the ability to generate affordable and sustainable ‘green’ energy. Last month, we signed an agreement to work with DSIC EM to qualify and market various large-sized manufacturing components for use in the international energy industry.

“We also completed construction of the company’s first Energy Neutral home, a radical departure from traditional building techniques because it was designed and built specifically to be energy neutral yet at a total cost that is both affordable and comparable to that of traditional building. Our Energy Neutral model home is generating significant media attention as well as franchisee interest from both residential and commercial builders locally and around the nation. Our Energy Neutral business could quickly become a source of revenue and cash flow for us as we pursue our broader initiatives.

“Overall, we are extremely excited about the outlook for the business and believe the future for AEHI is brighter than ever. Although the domestic U.S. nuclear industry has been long dormant, our experience and early lead combine to create a powerful competitive advantage in this rapidly reemerging market that will enable us to exploit growth trends in coming years. Moreover, our unique positioning as a deregulated nuclear plant that can take full advantage of market pricing for energy means we have the ability to generate very attractive rates of return from this investment. The coming resurgence in the industry’s prospects is best evidenced by the additional loan guarantees and strong support for nuclear development by the current Administration in Washington. Moreover, we have a strong international foothold as evidenced by our partnerships in China and elsewhere. These strategic relationships provide further validation of our market leadership and help to establish a foundation for long-term growth,” concluded Gillispie.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral, which removes energy demands from homes and businesses (http://www.energyneutralinc.com/), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is encouraging Korea to export their APR 1400 reactor into the U.S. and achieve NRC design certification. “Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

Alternate Energy Holdings, Inc. Signs Exclusive Deal With China Supplier to Market World’s First Large Commercial Nuclear Desalinization Reactor May 19, 2010

Posted by cleanidahoenergy in China, Chinese nuclear energy, desalination, Water policy.
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Partnership to Result in Cleanest, Most Efficient, Most Cost-Effective Producer of Potable Water and Electricity

BEIJING, CHINA – May 18, 2010 – Alternate Energy Holdings, Inc. (OTCBB: AEHI) —  today announced the company’s official partnership through AEHI China with China National Nuclear Corporation (CNNC), through its subsidiary China Zhongyuan Engineering Corporation (CZEC), to produce and market nuclear desalinization reactors at the international level.

The product will be the largest, cleanest, most efficient, most cost-effective converter of salt water to drinking water on the market and will be available to order in the summer of 2010. It will be advertised under the name “Green World Water(TM)”.

The reactors that power these units come in 650 and 1,100 MWe sizes and can be tailored to produce water and electricity at a desired ratio. The designs are very safe, as they evolved originally from Westinghouse designs currently operating in the U.S., and were further evolved by the French before being built in China.

The partnership and reactor design was an idea by AEHI CEO Don Gillispie, who began working with CNNC’s subsidiary on the project more than a year ago. While there have been some small units built in Asia, mostly for domestic consumption, a larger commercial version was not readily available to the world.

“I had the idea many years ago to build and market a desalinization unit powered by a commercial nuclear reactor, but when I first met with CNNC, the design was still in my head, so I sketched it onto a piece of paper. Since then, it has evolved into a design that can solve water problems around the globe. This is something I’m very proud of knowing it can help millions of people gain access to clean, potable water,” said Don Gillispie, AEHI CEO.

Several countries have already begun contacting Gillispie about the desalinization reactor, and AEHI hopes to have several projects underway within a year.

“These deals are huge for AEHI, but they will also provide a tremendous benefit for many developing countries as over three billion people, half the world’s population, don’t have clean drinking water, according to National Geographic Magazine. These reactors will solve water issues, but they can also create needed power and produce thousands of jobs where they are desperately needed,” said Gillispie.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.energyneutralinc.com/), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

“Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

Senate bill good news for energy security May 14, 2010

Posted by cleanidahoenergy in Politics and nuclear, President Obama, reprocessing.
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A proposed bill the US Senate would greatly promote the development of new nuclear generation and reprocessing facilities, according to this story in the Weekly Nuclear News. We hope it gets traction!

New energy policies for America

13 May 2010

A radical energy bill is on the table in the USA including stronger support for new nuclear generation and moves for a reprocessing research centre.

The 987-page Clean Energy Jobs and American Power Act, introduced to the Senate by John Kerry and Joe Lieberman on 12 May, leads with issues of nuclear power under the heading Encouraging Domestic Nuclear Power Generation. It is the most significant update to policy since the Energy Policy Act of 2005 which specified support for nuclear that has yet to really materialise.

After the section on nuclear come passages on a national strategy for carbon capture and sequestration, renewable energy and efficiency, cleaner transportation including electric vehicles and a set of overall goals for emission reduction.

Under the bill, “global warming pollution” would be reduced to 95.25% of 2005 levels by 2013, to 83% by 2020, 58% by 2030 and 17% by 2050. The method for this would be cap-and-trade, under allowances set by the Environmental Protection Agency.

Most immediately for nuclear, the bill echoes a request already made by President Barack Obama to boost the scope of loan guarantees for nuclear development to $54 billion. This is a big improvement on the current limit of $18.5 billion, which is only enough to aid finance for two or three projects.

It calls for the Nuclear Regulatory Commission (NRC) to “implement an expedited procedure” for more straight-forward applications to build – those with approved reactor designs, concerning sites with an Early Site Permit, or that come complete and with demonstrated financial backing. The NRC would have to suggest ways it could accelerate its processes within 90 days if the bill was passed. Within a year the commission would have to outline a way to “develop technology-neutral” guidelines for nuclear licensing “which will allow for a more seamless entry of new technologies into the marketplace.”

And for the construction phase, insurance against the risk of regulatory delays is to be boosted from the first six new reactors to the first 12 with a maximum payout of $500 million.

Small reactors

The bill contains language to help bring in a new era of small reactors: “Not later than 180 days after the date of enactment of this paragraph, the secretary [of energy] shall develop and publish on the website of the Department of Energy a schedule that contains an outline of a five-year strategy to lower effectively the costs of nuclear reactors.” A sum of $50 million is authorized in the bill for this program which includes research on “modular and small-scale reactors.”

Commitment to Excellence

Within one year, one of the USA’s national laboratories would have to be designated a “spent fuel recycling research and development centre of excellence to serve as the lead site for continuing research and development of advanced nuclear fuel cycles and separation technologies.”

This would be a major step in US policy away from President Jimmy Carter’s 1977 proliferation-inspired policy to never again separate plutonium. New methods could be developed where plutonium remains with fuel materials useless for nefarious bomb-makers. The USA’s entire management strategy for high-level waste and used nuclear fuel is under review in the wake of the decision to abandon the Yucca Mountain project.

Tax

A range of tax changes are also included to encourage utilities to build and manufacturers to enter the nuclear supply chain. Among these are an investment tax credit for nuclear power facilities and the inclusion of nuclear plants as qualifying for ‘advanced energy project’ credit.

For the supply chain, duty fees on certain nuclear components not available from US manufacturers will be suspended for ten years.

Researched and written
by World Nuclear News