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Congress Urged to Increase Loan Guarantees for Additional Nuclear Power Plants July 30, 2010

Posted by cleanidahoenergy in loan guarantees, nuclear industry, Western Governors Association.
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This is a very welcome bit of news from the Western Governors Association, dated July 29.

FOR IMMEDIATE RELEASE
July 29, 2010

Contact:  Rich Halvey
Phone: 303-623-9378

DENVER — The Western Governors’ Association today urged Congress to increase federal loan guarantee authority for new nuclear development by $36 billion, the amount included in President Obama’s 2011 budget request. Doing so would enable the financing of six to nine additional new reactors beyond those previously authorized.

Writing on behalf of their colleagues, Idaho Gov. C.L. “Butch” Otter, WGA’s Chairman and Washington Gov. Christine O. Gregoire, WGA Vice Chairman, said this increased loan guarantee volume “will encourage the kind of clean and reliable electric power that will ensure the long term economic and environmental sustainability of the West.”

Western governors unanimously adopted in June a resolution supporting the additional loan volume. Among other recommendations, the resolution calls for the expansion of the federal loan guarantee program to allow future private sector investment in new nuclear projects, and for the expedited issuance of loan guarantees in all energy sectors. The program was authorized by the Energy Policy Act of 2005 to promote innovative technologies in the electricity sector that avoid, reduce or sequester greenhouse gas emissions.

“For many years, WGA has provided innovative integrated environmental and energy stewardship for the West,” the governors said in a letter to House and Senate appropriations committees. “The present economic downturn has underscored the necessity for focusing with greater urgency on those strategies that will create not just a cleaner environment, but private sector investment that will return Americans to the workforce in quality, high-paying jobs.”

According to the Nuclear Energy Institute the commercial nuclear energy sector procures nearly $15 billion in goods and services each year from every state in the Nation. In just the past three years, private investment exceeding $4 billion in the domestic nuclear supply chain has created some 16,000 jobs in anticipation of a new wave of U.S. nuclear plant construction, partly in response to the $18.5 billion in federal loan guarantee authority provided by Congress.

“Increasing that authority by an additional $36 billion, as the Administration has proposed, would trigger faster development of the nuclear supplier infrastructure and workforce,” the governors said. “The clean energy loan guarantee program protects taxpayers while providing the necessary financing support that will maximize the job creation potential of the Nuclear Renaissance.”

A copy of the letter and additional information on WGA energy policies are available on the Web at http://www.westgov.org.

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AEHI Signs Agreement on New Backup Nuclear Site in Idaho July 28, 2010

Posted by cleanidahoenergy in AEHI, Elmore County, Payette County, rural nuclear.
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AEHI Secures Superior Backup Site to Elmore County

BOISE, Idaho, Jul 28, 2010 — Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), an independent developer of large-scale nuclear and green energy projects, including nuclear power plants and nuclear desalination reactors, today announced a purchase agreement on a new backup site for a proposed nuclear power plant in Payette County, Idaho.

AEHI CEO Don Gillispie stated, “Our excellent primary site of 5,000 acres is also in Payette County and because of the overwhelming support AEHI has already received in that part of Idaho, we felt it was fitting to look at an additional site in the same area.”

The new backup site involves 6,000 acres adjacent to the primary site and includes a number of benefits that complement both sites such as water rights, transmission right-of-ways, the ability for future expansion. And like the primary site, it also passes preliminary standards required to build a nuclear power plant.

“While we still have an application on what is now a tertiary site in Elmore County, Idaho, about 100 miles southeast from Payette, the Elmore County Commissioners have yet to make a decision on our application after well over a year and continue to show uncertainty in their deliberations. As an investor-owned company, it is vital to focus our attention and resources on better sites where residents and local governments continue to show definitive interest,” Gillispie stated.

The proposed plant has met with large-scale support at all local hearings; better than 80 percent support has been witnessed at every hearing in Payette County.

“This large plant will offer jobs, financial security and opportunity that many people in the community are looking for. It’s the same message we continually hear every time we attend one of the hearings. It’s also the reason county commissioners unanimously approved the next-to-last step in the rezone process on the basis that only a nuclear power plant could locate on the property,” said Gillispie.

According to a recent study, the proposed plant is expected to create around 5,000 jobs through the construction phase and more than 1,000 jobs during operations. Pay levels for those jobs will average $60,000 and $80,000, respectively.

The projected revenue for the county and state is staggering. During construction alone, the project should increase Idaho’s GDP by $5.3 billion, while $4.8 billion will flow directly through Payette County.

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 Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “expect,” “anticipate,” “project,” “target,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the “Risk Factors” section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

###

Alternate Energy Holdings, Inc.’s Green World Water™ Announces Website Launch July 23, 2010

Posted by cleanidahoenergy in AEHI, Agriculture, desalination, Green World Water, Hyperion Power Generators, Water policy.
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Green World Water™ Prepares to Sell Company’s First Nuclear Desalination System

BOISE, Idaho, Jul 22, 2010 — Alternate Energy Holdings, Inc. (OTCQB:AEHI) today announced the launch of http://www.GreenWorld-H2O.com. The site will be used to promote and sell commercial Green World Water(TM) nuclear desalination systems, some of which are poised to sell before the end of the year.

“We already had visitors to the site before its official launch, which is gratifying because we have a large number of countries that have expressed interest in our product and this site is now offering the additional information they need to make an informed decision,” said Don Gillispie, AEHI CEO.

The site will be used to further explain the Green World Water product, but it also demonstrates exactly how a nuclear desalination system differs from any other, mainly coal, natural gas and wind. In every category nuclear has clear advantages in price, volume of clean water produced, cost to process water from the ocean and co-generation of electricity.

“It is exciting for us and to our potential clients that we can produce clean water from the ocean for as low as 35 cents per cubic meter. Other systems are doing the same thing, but with a cost between $2 and $12 per cubic meter. The great thing about nuclear desalination is that the sale of electricity from the same plant will actually pay for the cost of the water production,” said Gillispie.

Green World Water desalination systems can process up to 400,000 cubic meters of clean water every day and use power generation to pump the water hundreds of miles inland, which will reduce, if not eliminate the problems of drought and dirty water in many parts of the world. That is enough water to fill a reservoir more than a mile wide, by 10 meters deep every month with clean water.

Green World Water will use 650 MWe or 1100 MWe reactors and through a partnership with Hyperion Power Generation, the company may soon add Hyperion’s refrigerator-sized 25 MWe reactor to the list as well.

International drought conditions are creating havoc in many countries and according to the United Nations, it won’t be long before one-third of the world’s population will have little to no access to clean water. It is estimated that the problem will increase by 40 percent in the next 15 years.

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 Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “expect,” “anticipate,” “project,” “target,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the “Risk Factors” section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law. ###

Poor Idaho job market underscores need for economic development July 23, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Payette County.
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This story in the Idaho Statesman lays out some sad news about Idaho’s job market. Idaho was No. 6 among the worst markets in the Gallup Job Creation Index from January to June of this year.

In March, we released some updated economic figures for our proposed Payette nuclear plant. They show an annual commercial impact to Idaho’s economy of $5.3 billion during construction. Payette County would also see a dramatic increase of $4.8 billion, which is unprecedented in that part of Idaho.

During operations the study shows the state’s gross domestic product increasing by $3.58 billion (nearly seven percent of Idaho’s current GDP) and Payette County’s GDP rising by $3.43 billion. These revenues will increase year over year and are good for the life-expectancy of the plant, which is 60 years. The tax revenue is also impressive:  $140 million for the state, $84 million for the county.

In terms of employment opportunities, the findings show the proposed plant will provide thousands of jobs, with an average salary of $80,000.

Now more than ever, we need this nuclear plant in Idaho.

Attracting some interest from analysts July 23, 2010

Posted by cleanidahoenergy in Uncategorized.
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We were pleased to see this analysis from energyandcapital.com and we wanted to share it.

AEHI Takes Steps to Uplist to Senior U.S. Stock Exchange July 15, 2010

Posted by cleanidahoenergy in AEHI, desalination, Green World Water, Hyperion Power Generators, Payette County.
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Decision Fueled by Rapid Progress Towards Local Approval for Idaho Nuclear Reactor and Growing World-wide Interest in Green World Water™ Desalinization Reactor

BOISE, IDAHO – July 15, 2010 – Alternate Energy Holdings, Inc. (OTCQB: AEHI) today announced the company is preparing for a move to a senior U.S. stock exchange in response to rapid progress towards local approval for the Company’s planned nuclear reactor in Idaho, as well as growing global interest in the Company’s Green World Water™ desalinization reactor. AEHI believes it substantially meets the requirements to uplist to a senior U.S. stock exchange.

AEHI’s Board of Directors and the majority of stock holders approved a reverse stock split this year, if needed, to meet minimum stock price requirements of the senior U.S. stock exchanges and is establishing audit, compensation and nominating committees in advance of a planned uplisting.

“Graduating to a senior U.S. exchange is a high priority for the company given the progress we have made in securing local approval for our nuclear reactor, as well as the growing global interest in our Green World Water nuclear desalinization reactor and the Hyperion modular reactor. Listing on a senior U.S. exchange will help increase visibility for the company and help to attract a broader class of institutional investors,” said Don Gillispie, AEHI CEO.

In May, AEHI signed a deal with CNNC in China that resulted in the creation of Green World Water, which is now the only company selling a large-scale nuclear desalination reactor. The design makes it possible to desalt seawater and purify brackish water, while co-producing electricity including the ability to pump clean water hundreds of miles inland, essentially eliminating the need for water in parts of the world devastated by intense drought conditions

“We have already received significant interest in Green World Water from a number of countries spanning most of the continents. We have rapidly assembled a professional and seasoned sales force and are now positioned to sell one or more of these reactors by the end of this year. A single reactor sale could equate to many millions of dollars in both revenue and net income the first year alone,” said Gillispie.

In June, AEHI signed a memorandum of understanding with Hyperion Power Generation, a company that took the nuclear industry by storm by creating a small, refrigerator-sized modular reactor that produces 25 MWe of power and can produce enough power to electrify more than 20,000 U.S. households. AEHI has agreed to work with Hyperion to helplicense, build and sell their nuclear reactors on a world-wide basis.

“The Hyperion deal also adds another dimension to Green World Water, which can use the smaller 25 MWe reactor in place of the larger 1100 MWe and 650 MWe options currently being used by the company to produce potable water,” said Gillispie.

One of the most exciting aspects to AEHI is a proposed nuclear power plant currently working through the final phase of the rezoning process in Idaho. The rezone will allow AEHI to build the plant on a piece of property that is currently zoned for agriculture. The zoning process should be finished in the coming months and, once the reactor is completed, it is expected to create thousands of jobs while generating between $3 billion and $5 billion annually.

About Alternate Energy Holdings, Inc. (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 Green World Water, 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.

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “expect,” “anticipate,” “project,” “target,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the “Risk Factors” section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

Nuclear is the choice for desalination July 12, 2010

Posted by cleanidahoenergy in AEHI, desalination, Green World Water.
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After a decade of drought, Australia is adopting desalination on a large scale, according to this story in the New York Times. Some are deriding fossil-powered desalination plants as “white elephants” and this story shows why it is time for nuclear desalination plants: fossil desalination plants are expensive and pollute with carbon and other emissions. Our subsidiary, Green World Water, is specifically designed to address the worldwide shortage of fresh water with zero-carbon, low-cost nuclear technology.

This excerpt from the article sums up the situation well, and why nuclear makes the best desalination source:

“Many environmentalists and economists oppose any further expansion of desalination because of its price and contribution to global warming. The power needed to remove the salt from seawater accounts for up to 50 percent of the cost of desalination, and Australia relies on coal, a major emitter of greenhouse gases, to generate most of its electricity. Critics say desalination will add to the very climate change that is aggravating the country’s water shortage. To make desalination politically palatable, Australia’s plants are using power from newly built wind farms or higher-priced energy classified as clean. For households in cities with the new plants, water bills are expected to double over the next four years, according to the Water Services Association.”

Two Seperate Counties In Idaho Competing For New Nuclear Reactor – Nuclear Power Industry News July 2, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Elmore County, Payette County.
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Thanks to Nuclear Street for a very good blog entry on our news release.

Two Seperate Counties In Idaho Competing For New Nuclear Reactor – Nuclear Power Industry News.