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Alternate Energy Holdings, Inc. CEO Makes Case for Nuclear Power August 31, 2010

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“America Produces 31% of Global Nuclear Power Generation,” Says Don Gillispie of AEHI

BOISE, Idaho, Aug 31, 2010 (GlobeNewswire via COMTEX) — The tragic Deepwater Horizon oil spill is yet another reminder of the toll Americans pay for their energy. Coal kills miners and pollutes streams and the air. Oil production can be dangerous, while Americans’ dependence on foreign petroleum sends billions of dollars a year to other countries. Similarly, natural gas production and hydraulic fracturing (“fracking”) have raised concern about contaminating local water supplies with toxic chemicals.

But there’s one energy source that’s safe, clean and homegrown, argues Don Gillispie, CEO of Eagle, Idaho-based Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. That source: NUCLEAR POWER. “For more than three decades, nuclear power plants have produced about 20% of America’s electrical power safely, cost-effectively and securely, without incident,” Gillispie said.

Gillispie acknowledges there’s a perception that nuclear power plants are catastrophes waiting to happen. But that perception is not supported by the facts. “America’s nuclear energy industry has achieved a positive safety record with no deaths or injuries from radiation in its history, including the Three Mile Island incident,” he said. “Worker safety in nuclear plants stands heads and shoulders above any other U.S. industrial sector, as measured by lost-time accidents.”

The AEHI CEO pointed out that one primary reason why America’s nuclear energy sector has such a stellar record is that after Three Mile Island, the industry established its own organization, the Institute of Nuclear Power Operation (http://www.inpo.info/index.html), to evaluate nuclear power plants, train workers, and achieve high levels of safety and reliability.

Gillispie, a founding member of INPO, stated “INPO’s industry peer review, nuclear best practice communication, sharing of operating experience and safety drills at each of the 104 U.S. nuclear power plants makes the civilian nuclear electric power industry the safest industry in America.”

“America still is the largest producer of nuclear power,” stated Gillispie, “with about 31% of the total worldwide nuclear generation. And with all of the political pressures to legislate so-called green environmental standards, more and more nations are now considering nuclear power as a safe alternative energy source. The future is bright for nuclear power.”

See complete release here.

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AEHI CEO Cites United Nations Data on Global Water Crisis and Urges Wider Use of Nuclear Desalination Reactors August 27, 2010

Posted by cleanidahoenergy in AEHI, desalination, Green World Water.
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BOISE, IDAHO – August 23, 2010 – Don Gillispie, CEO of Alternate Energy Holdings, Inc. (OTCQB:AEHI); www.aehipower.com), an Eagle-Idaho based developer of large-scale nuclear and green energy projects including nuclear power plants and nuclear desalination reactors, today stated, “United Nations (http://www.un.org/waterforlifedecade/) data now confirms that the world is in the midst of a water crisis with one in six people worldwide without sufficient amounts of fresh water. In my opinion, one solution to this problem should be nuclear desalination reactors that can produce large amounts of fresh clean water.”

According to Gillispie, “The worldwide fresh water crisis, which is expected to outstrip supply by 2025 per the UN, could be helped significantly by using desalination systems powered by commercial nuclear reactors. Seawater desalination as an alternate source of fresh water has been used primarily with fossil plants around the world, but until now there hasn’t been a pairing of large commercial nuclear reactors with desalination systems. Nuclear powered desalination not only provides more affordable fresh clean water, but also excess electricity and carbon credits.”
Gillispie, whose AEHI subsidiary Green World Water™ (www.GreenWorld-h2o.com) plans to produce and market one of the world’s first large commercial nuclear desalination reactors, stated, “The World Health Organization (WHO) announced that 1.4 million children die every year from illness caused by unclean water and poor sanitation. WHO estimates that there are 4000 children dying every single day because of this fresh water crisis. Nuclear desalination reactors would give many of these children the fresh water to live.”
The International Atomic Energy Agency (IAEA) issued a recent report stating that 2.3 billion people live in water-stressed regions. “Lack of fresh water greatly constrains a country’s development in all respects,” stated the IAEA report. “Nuclear desalination thus becomes a popular solution.”
Gillispie agrees, “Nuclear desalination reactors have the ability to produce clean, fresh water from the ocean, rivers, and even brackish sources. These reactors can also generate enough electricity to supply the energy needs of entire communities and pump water inland to drought stricken areas.”
About Alternate Energy Holdings, Inc. (http://www.aehipower.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 U.S. 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.
Safe Harbor Statement: 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.

AEHI CEO Cites United Nations Data on Global Water Crisis and Urges Wider Use of Nuclear Desalination Reactors August 23, 2010

Posted by cleanidahoenergy in AEHI, approval process, China, Chinese nuclear energy, desalination, Energy Neutral, Green World Water, Greenfield nuclear development, Hyperion Power Generators, Payette County.
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BOISE, Idaho, Aug. 23, 2010 (GLOBE NEWSWIRE) — Don Gillispie, CEO of Alternate Energy Holdings, Inc. (OTCBB:AEHI) (www.aehipower.com), an Eagle-Idaho based developer of large-scale nuclear and green energy projects including nuclear power plants and nuclear desalination reactors, today stated, “United Nations (http://www.un.org/waterforlifedecade/) data now confirms that the world is in the midst of a water crisis with one in six people worldwide without sufficient amounts of fresh water. In my opinion, one solution to this problem should be nuclear desalination reactors that can produce large amounts of fresh clean water.”

According to Gillispie, “The worldwide fresh water crisis, which is expected to outstrip supply by 2025 per the UN, could be helped significantly by using desalination systems powered by commercial nuclear reactors. Seawater desalination as an alternate source of fresh water has been used primarily with fossil plants around the world, but until now there hasn’t been a pairing of large commercial nuclear reactors with desalination systems. Nuclear powered desalination not only provides more affordable fresh clean water, but also excess electricity and carbon credits.”

Gillispie, whose AEHI subsidiary Green World Water™ (www.GreenWorld-h2o.com) plans to produce and market one of the world’s first large commercial nuclear desalination reactors, stated, “The World Health Organization (WHO) announced that 1.4 million children die every year from illness caused by unclean water and poor sanitation. WHO estimates that there are 4000 children dying every single day because of this fresh water crisis. Nuclear desalination reactors would give many of these children the fresh water to live.”

The International Atomic Energy Agency (IAEA) issued a recent report stating that 2.3 billion people live in water-stressed regions. “Lack of fresh water greatly constrains a country’s development in all respects,” stated the IAEA report. “Nuclear desalination thus becomes a popular solution.”

Gillispie agrees, “Nuclear desalination reactors have the ability to produce clean, fresh water from the ocean, rivers, and even brackish sources. These reactors can also generate enough electricity to supply the energy needs of entire communities and pump water inland to drought stricken areas.”

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.

Safe Harbor Statement: 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.

AEHI Reaches Milestones in Nuclear Power Goals August 23, 2010

Posted by cleanidahoenergy in AEHI, Chinese nuclear energy, desalination, Energy Neutral, Green World Water, Greenfield nuclear development, Hyperion Power Generators, nuclear jobs, Payette County.
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PRESS RELEASE
August 19, 2010
For Immediate Release

AEHI Reports Progress Toward Local Approval of Nuclear Power Plant and Strong International Interest in Green World Water(TM) Nuclear Desalinization Reactor

BOISE, IDAHO – August 19, 2010 – Alternate Energy Holdings, Inc. (OTCQB:AEHI); http://www.aehipower.com), an independent developer of large-scale nuclear and green energy projects including nuclear power plants and nuclear desalination reactors, today provided an update on its key projects including growing international interest in its Green World Water™(GWW) (www.greenworld-h2o.com) nuclear desalinization reactors.

GWW systems are designed to satisfy U.S. safety design standards and intended initially for non-U.S. buyers around the world with a need for large volumes of affordable potable water and electricity.  AEHI has also made tremendous strides towards receiving final local approval in Payette, Idaho for its proposed nuclear power plant and is currently working on a build-out of an Energy Neutral™ (www.energyneutralinc.com) subdivision, with the goal of building homes that produce more power than they consume.

AEHI CEO, Don Gillispie stated, “We have reached a number of key milestones in just the last six months, which put us on track of attaining our corporate goals of building a nuclear power plant in Idaho and selling what we believe will be the world’s first commercially available nuclear desalination system.”

•    In May this year, Payette County Commissioners approved a key change to the county’s comprehensive plan, which allows for an industrial complex on a 5,000 acre parcel under the precondition that the industrial use involve a nuclear power plant.
•    In July, AEHI filed for final rezone approval and AEHI is confident the approval will come before the end of the year.
•    Application preparations are also underway for the Nuclear Regulatory Commission in advance of the local approval process in Payette County Idaho.
•    Due to rapid progress and strong local support, AEHI dropped a secondary backup site in Elmore County, Idaho, and instead is focusing resources and efforts exclusively in Payette County, where AEHI has located both primary and secondary sites.
•    AEHI subsidiary Green World Water™ announced the signing of a Memorandum of Understanding (MOU) with Tubestar Oil and Gas, on what will be the world’s first commercially available and competitively priced nuclear desalination reactor.  The GWW system can desalt large volumes of water, while producing electricity simultaneously.
•    AEHI expects several more signed GWW MOUs in the coming months and is confident one or more of these MOUs will progress to final contracts before year end.
•    AEHI’s build-out partner on the GWW desalination system is China National Nuclear Corporation (CNNC), which is the largest state-owned enterprise in China, with the experience and resources to rapidly bring these desalination reactors to market, providing AEHI with an unparalleled first-mover advantage.
•    In mid-June, AEHI signed an MOU with Hyperion Power Generation to license, build and market Hyperion’s refrigerator-sized modular nuclear reactors on a world-wide basis.  The reactor is expected to create international opportunities, while expanding the reach of Green World Water™.
•    In March, AEHI subsidiary, Energy Neutral™ finished building its first home that produces more power than it uses.  Until recently, the home operated as a model home and has now been placed on the market.  Energy Neutral™ is now moving forward on a subdivision in west Boise, Idaho.

Mr. Gillispie concluded, “We remain extremely excited about the outlook for AEHI.  Worldwide sentiment toward nuclear power has changed.  Nuclear has proven itself as the safest, most reliable, cost effective, and scalable form of clean baseload power generation.  Nuclear power has also been proven as an unbeatable method of economic development in the energy sector – an industry that can produce thousands of jobs with very high levels of pay.  As a result of these factors, we are very optimistic AEHI will achieve measurable financial milestones this year and we look forward to keeping our investors apprised of developments as the year progresses.”

About Alternate Energy Holdings, Inc. (http://www.aehipower.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 U.S. 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.

Safe Harbor Statement: 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.
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AEHI’s Green World Water Signs Negotiation Agreement With Tubestar Oil and Gas on Nuclear Desalination System August 13, 2010

Posted by cleanidahoenergy in AEHI, desalination, Green World Water.
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Aug. 13, 2010 – Alternate Energy Holdings, Inc. (OTCQB:AEHI), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced the signing of a Memorandum of Understanding (“MOU”) between AEHI subsidiary Green World Water(TM), the developer of the world’s first commercial nuclear desalination system, and Tubestar Oil and Gas, one of the oilfield inspection services in India. The MOU will help determine the feasibility of building a nuclear desalination plant to supply clean water and power in India.

“This MOU is the first step in the negotiation process. It indicates that Tubestar is serious about working with AEHI and Green World Water. We offer something different from any other company in the world — a system that we anticipate will produce large amounts of clean water and power at the same time, which is the reason we are hearing from companies like Tubestar,” said Don Gillispie, AEHI CEO.

The agreement outlines a path for ongoing negotiations between the two companies though will not involve government officials until definitive terms are agreed upon. Any definitive agreement will be subject to approval from the Indian government.

We anticipate that the desalinization reactor being developed by Green World Water will have the ability to create large amounts of clean water and power simultaneously. Based on overall volume, the GWW reactor should be able to process enough salt water from the ocean to provide clean water for up to 1,000,000 people per day, and at an estimated cost of between 35 cents and 65 cents per cubic meter. Other sources such as coal, natural gas and wind cost between $2 and $12 per cubic meter and with much less reliability or greenhouse gas emissions.

“The MOU will give us the opportunity to fully demonstrate to Tubestar all of the potential benefits expected of the Green World Water desalinization reactor,” said Gillispie.

“The MOU will give us the opportunity to fully demonstrate to Tubestar all of the potential benefits expected of the Green World Water desalinization reactor,” said Don Gillispie, AEHI CEO

The Green World Water reactors being developed will be available in 650MWe and 1100MWe systems and are based on advanced western reactors that have thousands of collective years of successful operation in more than 75 percent of the world’s nuclear power plants.

These reactors will maintain enhanced safety standards and equipment, and AEHI and Green World Water anticipate that they will be able to produce enough power to process enough water to fill a reservoir 2 km wide, 0.6 km long and 10 meters deep every month while pumping the water hundreds of miles inland, if needed.

About Tubestar Oil and Gas — Tubestar Oil and Gas provides a comprehensive range of inspection services from an operational base in Mumbai, India. Covering the whole of the India, and neighboring countries, Tubestar provides inspection, repair and maintenance services, and calibration services. The company offers a range of offshore, Marine, Petro-Chemical inspection products, and technical expertise, which is supported by a worldwide alliance and joint venture companies.

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 U.S. 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 Featured as Stock Pick by KonLin Investment Letter August 13, 2010

Posted by cleanidahoenergy in AEHI, Investment news.
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BOISE, IDAHO – August 9, 2010 – Alternate Energy Holdings, Inc. (OTCQB: AEHI) (www.AlternateEnergyHoldings.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, announced today that it was chosen as the “featured stock of the month” in the August issue of the KonLin Letter, an independent New York-based investment newsletter (www.konlin.com) published by KonLin Research & Analysis.  The investment letter cited AEHI as the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states.

The KonLin Letter recognized nuclear energy as the only large-scale, non-emitting, affordable energy source that can address both global warming and sustainable development. The report cites AEHI’s proposed construction of a nuclear power plant in Payette County, Idaho, as recognized by the Nuclear Regulatory Commission (NRC) (http://www.nrc.gov/reactors/new-reactors/new-licensing-files/new-rx-licensing-app-legend.pdf).

The KonLin Letter also highlighted the Company’s official partnership with China National Nuclear Corporation (CNNC) to exclusively market nuclear desalinization reactors globally, and its ability to efficiently address international demand for clean drinking water, while co-producing low cost electricity.

The KonLin Letter further highlighted the following about AEHI, stating a first target stock price at $3.50:

•    AEHI will be at the forefront of this opportunity as the first publicly-traded independent nuclear generating company in the U.S. and will easily outperform large nuclear and fossil type utilities with their inherent bureaucracies.
•    AEHI believes that recycling spent fuel is the appropriate direction for the U.S. industry to take with regards to nuclear waste management. AEHI plans to advocate, like France, spent fuel reprocessing as commercial nuclear construction expands including using spent fuel in existing plants.
•    While AEHI has yet to generate any revenues, the situation could change dramatically by year-end. The company has a solid balance sheet with $8 million (as of the last filing), no debt.
•    KonLin recommends purchasing the stock, as the small window of buying opportunity continues to diminish, for a first target of $3.50, especially since AEHI signed an exclusive deal with China National Nuclear Corp. (CNNC) to market the world’s first large Commercial Nuclear Desalinization Reactor.
•    The astute management team led by CEO, Don Gillispie, is in ongoing talks with several countries about the desalinization reactor; these potential deals are huge for AEHI.
•    These desalinization reactors will solve water issues to benefit many developing countries as over three billion people – half of the world’s population – don’t have clean drinking water.  At the same time these reactors will co-produce electricity, including the ability to pump clean water hundreds of miles inland. They will satisfy the need for potable water in parts of the world with drought conditions, while creating thousands of jobs where they are desperately needed.

About The KonLin Letter (www.konlin.com) — The KonLin Letter is a unique service that recommends 5 low-priced stock selections each month including a featured stock of the month, and reviews 30-35 different small caps while monitoring a broad range of technical indicators for the best possible Market Timing Advice.  The KonLin Letter specializes in low price stocks under $10, with emphasis on emerging growth and special situations poised for explosive price appreciation. Specific buy and sell recommendations are provided with technical and fundamental analysis on all small cap stocks reviewed until positions are closed.

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.

Safe Harbor Statement: 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.

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Recommended reading from the Christian Science Monitor August 11, 2010

Posted by cleanidahoenergy in Christian Science Monitor, global warming.
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Here is a level-headed story about how concern over global warming and the hazards of fossil fuels is contributing to the nuclear resurgence. You will be better informed on the nuclear issue in general by reading this.

Global warming has energized the quest for clean, carbon-free energy that won’t add to the greenhouse effect; and the BP oil spill has added to the distaste for fossil-fuel dependence.

AEHI announces Payette County, Idaho as exclusive jurisdiction for proposed nuclear power plant August 10, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Elmore County, nuclear jobs, Payette County.
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Withdraws application in Elmore County

BOISE, IDAHO – August 10, 2010 – Alternate Energy Holdings, Inc. (OTCQB: AEHI),a developer and marketer of innovative clean energy sources based in Eagle, Idaho today announced its plans to move forward exclusively on a proposed nuclear power plant in Payette County, Idaho and, in turn, has withdrawn its zoning application in Elmore County, Idaho.

The company recently selected a new Idaho backup site adjacent to the current site in Payette County to replace the Elmore site. The new backup site is much larger, with superior water rights and transmission rights-of-way when compared with the Elmore site.

“Our plans to permit and ultimately construct a nuclear reactor in Payette have progressed very smoothly, and we have been very pleased with both the pace of local approvals and the level of local support for the project.  In less than a year, Payette County Commissioners approved initial rezoning measures and they are already moving forward on the final application process. Recent hearings have shown support among residents often surpassing 80 percent.  Based on that level of support and pace of local approvals, we decided to focus our time and resources exclusively within Payette County.  We are encouraged by the prospects for final local approval this year or early 2011,” said Don Gillispie, AEHI CEO.

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.

Revenue for the county and state during the construction phase alone is projected to increase Idaho’s GDP by some $5.3 billion inclusive of $4.8 billion that would 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.

Safe Harbor Statement: 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.

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