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AEHI Secures Funding Facility for Idaho Nuclear Site October 28, 2010

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BOISE, Idaho, Oct. 28, 2010 (GLOBE NEWSWIRE) — Alternate Energy Holdings, Inc. (OTCQB:AEHI), a developer and marketer of innovative clean energy sources based in Eagle, Idaho, today announced a funding facility, Securities Purchase Agreement, with Source Capital Group, Inc. for the committed purchase of up to 170 million shares of common stock which is approximately $120 million today to cover payments for land, water rights, engineering work and Nuclear Regulatory Commission (NRC) application fees to obtain a combined construction and operating license (COL) for building and operating a nuclear power plant in Payette County, Idaho.

“Under the terms of the agreement we can draw upon the funding facility as needed for up to three years, which will allow us to effectively deploy capital following local approval in Idaho while minimizing dilution to shareholders. This facility is very timely as we expect the local approval process to be finished within the next few months,” said Don Gillispie, AEHI CEO.

The proposed plant has received overwhelming approval at previous hearings in Payette County, Idaho and has been given endorsements from every mayor in the county as well as the Payette and Fruitland Chambers of Commerce.

“We hope our success in Payette will become a model for other companies to seek out and build new nuclear power plants on greenfield sites. As a long-time executive in the nuclear industry, it has become clear that nuclear is needed. It is the only method for producing baseload power that is both inexpensive and clean. In the past, only massive utilities had the resources and wherewithal to undertake such a project. However, as an independent company with committed site funding, we are defining a new paradigm whereby nuclear plants can be deployed in a cost effective way, without passing on the capital costs to rate payers,” said Gillispie.

Source Capital’s obligations to purchase shares are subject to AEHI obtaining a registration statement for the shares of common stock.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Source Capital Group, Inc. (www.sourcegrp.com) — Source Capital Group, Inc. is a full-service financial institution, specializing in middle-market investment banking transactions, distressed and high yield debt securities, investment management, mortgages, and business lending. Source has provided equity, debt, and structured finance solutions to both public and private companies in a variety of industries, including energy, oil and gas, telecommunications, technology, biotech, and consumer goods. Source Capital Group, Inc. was founded in 1992 and is headquartered in Westport, Connecticut, member FINRA / SIPC.

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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

Fruitland Chamber of Commerce says, “AEHI Is Exactly What We Need in Payette County” October 27, 2010

Posted by cleanidahoenergy in AEHI, approval process, Payette County.
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(We are pleased to have the endorsement of Fruitland, Idaho, chamber for our proposed nuclear plant, as well as all the mayors of Payette County)

Fruitland Chamber of Commerce Adds Its Endorsement to AEHI’s Proposed Nuclear Power Plant

Boise, IDAHO: October 27, 2010 — “AEHI is exactly what we need in Payette County. Our interaction with the public has proven they want it and our community needs the jobs and future prosperity a nuclear power plant will provide,” said Carri Draper, Chamber President.

The Fruitland Chamber and its members have been active in educating themselves on the benefits of such a plant and what it could do for the entire county.

“It is our responsibility to represent business opportunities that will make Fruitland and Payette County a better place to live. Everywhere a nuclear power plant exists you will find a community that thrives and we look forward to that same opportunity here,” said Draper.

The nuclear power plant proposed by AEHI is expected to create thousands of jobs, paying well above Payette County’s current average salary. A large percentage of those jobs will be filled by current residents, many that were adversely affected by the economy. And a large portion of the taxes from a multi-billion dollar plant will flow directly through the county, enhancing everything from roads and education, to emergency responders like police, fire and paramedics. AEHI has also been endorsed by the Payette Chamber of Commerce, Payette Mayor Jeff Williams, Fruitland Mayor Ken Bishop and New Plymouth Mayor Joe Cook. AEHI has been an active member of the Payette and Fruitland Chambers of Commerce since early 2010.

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. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans. 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. 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 Will Likely Benefit From November Elections, Global Energy and Water Crisis, Says WallStreetCorner.com October 25, 2010

Posted by cleanidahoenergy in AEHI, desalination, economic benefits, Green World Water, stock market.
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BOISE, Idaho, Oct 25, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (otcqb:AEHI) (www.aehipower.com), which develops and markets innovative clean energy sources, is “positioned to be a successful emerging growth company because after the November elections, the next U.S. Congress, newly-elected governors and state legislatures are predicted to be more favorable to helping the U.S. nuclear power sector grow, ushering in a new pro-nuclear power era. The global scarcity of water and energy is another reason why AEHI will certainly prosper and prove to be a winner in the years ahead,” stated Larry Oakley, Editor and Publisher of WallStreetCorner.com (www.WallStreetCorner.com) in a special situation column, “Larry Oakley’s Comment,” published today. The South Carolina-based international investment newsletter is distributed to investors in 96 countries.

“AEHI, based in Boise, Idaho, is the nation’s only independent nuclear power plant developer seeking to build new power plants in non-nuclear states. The company’s plans bode well for the nuclear power industry. Our government has become quite favorable to expansion of nuclear energy. With the November elections coming soon, both Republicans and Democrats in the House and the Senate want to put forth their approval of power from nuclear plants. I see a rather strong shift to nuclear power. There has also been a new wave of investor interest in companies associated with nuclear power. AEHI, in my opinion, will profit greatly from the present awareness of the advantages of nuclear energy,” stated Oakley.

On a global basis, Oakley discussed the company’s Green World Water(TM) subsidiary (www.GreenWorld-h2o.com), which is marketing the world’s first large commercial nuclear desalination reactor produced in China that have the ability to create large amounts of clean water and power simultaneously to meet the needs of entire communities. He cited a recent UN report indicating that shortages are already beginning to slow economic growth everywhere from California and China to Australia and India.

Oakley noted that AEHI’s CEO Don Gillispie views the global crisis as “bringing opportunities for companies like AEHI. The innovation and ingenuity of the private sector can solve this looming global problem — and make money for investors.”

Regarding the company’s shares, Oakley stated: “I was really upset when I saw the illegal shorting of AEHI shares incited by lies in a publication. One of my greatest concerns is the hateful things some shorters engage in to artificially make a stock’s share price go down so they can make more money when they cover their shorts. Fortunately, a highly respected news source, Pinnacle Digest (www.pinnacledigest.com), came to the rescue.” In his column, Mr. Oakley provided excerpts of Pinnacle’s investigative report on AEHI, which takes a very strong and positive position about the future of AEHI. As examples:

Alternate Energy Holdings Unveils New Website October 19, 2010

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BOISE, Idaho, Oct 19, 2010 (GlobeNewswire via COMTEX) –– Alternate Energy Holdings, Inc. (otcqb:AEHI), an Eagle-based company with ambitious plans for new nuclear power plants, nuclear desalination systems and Energy Neutral(TM) homes, has launched a comprehensive new website (http://www.aehipower.com).

“We believe we have a great story for customers, investors and anyone interested in energy,” says AEHI CEO Don Gillispie. “Our new website enables us to do a better job telling that story.”

The main message: The best source of power for tomorrow’s world is the power than comes from the atom. “Compared to everything else, nuclear is the clear winner,” Gillispie explains in an editorial on the new website. “Not only do nuclear plants produce safe, clean and inexpensive electricity, they are also a solution to another one of the world’s problems–clean water–because they are the best source of power for desalination plants.”

The website also explains why AEHI is one of the leaders in the expected nuclear renaissance. Many big utilities are holding back because of worries about the cost of new nuclear plants. But Gillispie and AEHI present compelling data showing that high price tags are a myth. “Nuclear power is a bargain compared to wind and solar, and it even beats new coal, our current baseload source in the U.S.,” says Gillispie, a 45-year veteran of the nuclear industry.

That’s why AEHI is forging ahead with plans to build two large nuclear plants in Payette County, Idaho. A video on the website offers a tour of the site, along with information about the many jobs created and the revenue the company expects. “This project will prove to the country–and to our investors–that building new nuclear plants is a good business to be in,” Gillispie says.

Investors and customers can also learn the details of other AEHI’s projects. The company is working on plans with Hyperion Power (http://www.hyperionpowergeneration.com/), a startup spun out of Los Alamos National Laboratory, to build and market mini nuclear reactors that are small enough to be used in a ship and powerful enough to supply electricity to a small city. AEHI’s Green World Water (TM) (www.greenworld-h2o.com) subsidiary is marketing nuclear powered desalination plants supplied by China National Nuclear Corporation with a new office in Nigeria and interest from many countries. And visitors to the website can take a video tour of the home that makes its own energy built by AEHI’s Energy Neutral(TM) (http://www.energyneutralinc.com/) subsidiary.

Want to know more? The website offers blogs and a forum for discussion, as well as way to directly contact the company. “Please visit the site,” Gillispie says. “I think you’ll be impressed by the story we have to tell.”

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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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 Says Global Water Crisis Will Cause Growth in Market for Nuclear Desalination Plants October 18, 2010

Posted by cleanidahoenergy in AEHI, desalination, Green World Water, nuclear industry.
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BOISE, Idaho, Oct 18, 2010 (GlobeNewswire via COMTEX) — If you thought the world’s biggest woes will come from financial crises or potential shortages of oil and energy, think again. The looming crisis is a scarcity of water. The World Water Forum predicts that within 20 years, half the world’s population will be affected by water shortages, “with millions dying and increasing conflicts over dwindling resources.” http://www.independent.co.uk/environment/climate-change/water-scarcity-now-bigger-threat-than-financial-crisis-1645358.html

In fact, says a recent United Nations report, shortages are already beginning to slow economic growth everywhere from California and China to Australia and India.

“If the 20th century witnessed the rise and fall of nations over oil, the 21st century could be one in which the rise and fall of nations is determined by water,” wrote Yoichi Funabashi, editor-in-chief of the Asahi Shimbun, recently. http://www.reuters.com/article/idUSTRE69A3CE20101011?pageNumber=1

But the coming crisis is also bringing opportunities for companies, says Don Gillispie, CEO of Alternate Energy Holdings, Inc (otcqb:AEHI), a Boise-based company whose Green World Water(TM) subsidiary markets nuclear powered desalination systems produced by China National Nuclear Corporation based on an original Westinghouse design. “The innovation and ingenuity of the private sector can solve this looming global problem – and make money for investors,” he says.

UBS’s latest “Research Focus”, (September 2010) (http://www.ubs.com/1/e/index.html), predicts that the private industry water sector will, “grow faster than overall markets in the coming years. In particular, providers of water infrastructure, technology, and services that offer sustainable solutions to efficient water use are likely to experience solid growth.”

One bold project already underway involves scooping up 3 million gallons of water a year from a pristine lake in Alaska and shipping it to India. (http://www.newsweek.com/2010/10/08/the-race-to-buy-up-the-world-s-water.html)

Alternate Energy Holdings’ own analysis, however, shows that it’s easier and more cost-effective to produce pure water closer to where it is needed. And the best way to do that is to build nuclear-powered desalination plants, argues Gillispie. Gillispie is a 45-year veteran of the nuclear industry, and his company, AEHI, is already planning new electricity-generating nuclear power plants in Idaho and Colorado in the U.S. “A nuclear plant is basically a giant source of heat, so the heat can be used not only to make electricity but also to turn any source of water into steam than can be condensed into pure water,” Gillispie explains.

Gillispie and his Green World Water(TM) subsidiary (http://www.GreenWorld-H2O.com/) has at least initial interest from representatives of over 30 countries around the world. The company also opened an office in Nigeria in early October to market the systems to nations in West Africa.

Using 650 or 1100 Megawatt (MWe) nuclear desalinization reactors and water from the ocean, a single plant could produce 400,000 cubic meter of clean water a day, enough to meet the needs of 1,000,000 people. And since the plants also make electricity, they help countries meet their power needs. “Revenues from selling electricity would actually pay for the production of water,” explains Gillispie.

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 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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

Alternate Energy Holdings Prepares for Final Rezone Phase in Payette County October 14, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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BOISE, Idaho, Oct. 14, 2010 (GLOBE NEWSWIRE) — Alternate Energy Holdings, Inc. (OTCQB:AEHI) ( http://www.aehipower.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced that their plans to build a nuclear power plant in Payette County, Idaho, will now enter the final local and state approval process. This comes on the heels of an announcement from Payette County that the process is moving forward.

Wednesday’s public announcement reports, “As of last week, the technical review committee completed its analysis and is in the process of preparing a final report.”

The next step involves a public hearing before the Payette County Board of Planning and Zoning Committee. The remaining process could be finished as early as the end of the year.

“We are very excited to finish this process and I am confident in the technical findings. The Board of Commissioners already unanimously approved our petition during the first zoning phase and even indicated in their decision that the only project that could locate on the property in question is a nuclear power plant. I believe this speaks volumes about where this process will be in just a few months,” said Don Gillispie, AEHI CEO.

Previous hearings were heavily weighted in favor of AEHI’s plan, with at least 80 percent of those attending showing support for the building of a nuclear power plant. In fact, every mayor in Payette County and the Payette Chamber of Commerce all wrote letters of endorsement for AEHI.

The numbers are very similar to a poll performed by the Nuclear Energy Institute; the most recent shows 84 percent of neighbors of current nuclear power plants hold a favorable impression of the local nuclear power plant. ( http://www.nei.org/resourcesandstats/documentlibrary/newplants/reports/third-biennial-nuclear-power-plant-neighbor-public-opinion-tracking-survey ).

Employment opportunities and overall revenue play key roles in many of these. During construction, the Payette County Plant is expected to bring $5.3 billion to Idaho, which is about 10 percent of the State’s gross domestic product. The project will create approximately 5,000 peak jobs, which average $60,000 during construction and over $80,000 during operations.

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 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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

Setting the record straight in Payette County October 13, 2010

Posted by cleanidahoenergy in errata, Payette County.
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Payette County has issued the following press release clarifying our application with them. Don Dressen’s previous comments to Stockhouse.com were erroneous and did not represent the official county view, which is to process our nuclear plant application in a neutral manner. The county’s release does need one clarification, however. We submitted our application to the county in July. After the county completes its technical review (currently in-process), our application and the technical review will go to the three-member elected Payette County commission for review.

Click on this link to see the Payette County release.

Alternate Energy Holdings to Market Nuclear Desalination Reactors in West Africa October 11, 2010

Posted by cleanidahoenergy in Africa, Green World Water, Water policy.
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BOISE, Idaho, Oct 11, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (otcqb:AEHI) (www.aehipower.com) today announced that its Green World Water(TM) (www.greenworld-h2o.com) subsidiary has opened an office in Lagos, Nigeria, to market nuclear-powered desalination reactors throughout West Africa. Green World Water’s product supplier is China National Nuclear Corporation, the largest state owned nuclear company in China.

According to Don Gillispie, AEHI CEO, “The new office will be managed by Tim Akano, who is currently managing director for New Horizons Nigeria, a New Horizons World-Wide franchise in Nigeria, West Africa. Mr. Akano plans to introduce this technology to the Nigerian President among other government officials in West Africa.

Gillispie explained that Green World Water’s goal in Nigeria and throughout West Africa will be to provide reliable electricity and clean water to the populace. “President Jonathan Goodluck’s Nigerian administration has stated its determination to implement nuclear power,” said Gillispie. “This is also in line with the thinking of the nation’s Atomic Energy Commission (NAEC). NAEC Director General, Dr. Erepamo Osasai has a ten-year plan to generate 1000 megawatts of electricity into Nigeria’s grid (The Guardian newspaper 6th October 2010).”

UNICEF reports that more than 70 million Nigerians do not have access to clean water. Nearly 100 million people have no latrines or toilets. The lack of proper sanitation means that waterborne diseases like typhoid, guinea worm, cholera, malaria, and diarrhea can easily spread (http://www.mediaglobal.org/article/2010-03-04/nigerian-government-takes-action-against-water-sanitation-crisis).

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). AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

Nuclear Plants Produce Lower Cost Power Than Other Forms of New Clean Energy, Such as Wind and Solar, October 7, 2010

Posted by cleanidahoenergy in AEHI, nuclear industry, Payette County.
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BOISE, Idaho, Oct 4, 2010 (GlobeNewswire via COMTEX) — Even as the world searches for clean, reliable sources of electricity, some critics say that one possible answer–nuclear power–won’t work because it is too expensive. “Nuclear power is quite uneconomic in the U.S., far more costly than a wide range of low-carbon alternatives, not to mention conventional sources of electricity,” argues Mark Cooper, senior fellow for economic analysis at Vermont Law School’s Institute for Energy and Environment, in a recent report. However, AEHI has seen no documented evidence that Mr. Cooper has experience designing, building or operating any energy plants and the Pro Nuclear Democrats website indicate his “study has been debunked and taken to task by many.”

“Cooper and other nuclear critics are wrong,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc. (otcqb:AEHI) /quotes/comstock/11i!aehi (AEHI 0.82, +0.02, +1.99%) . “It’s time to expose the myth that nuclear power is more costly than wind, solar and other renewables. In fact, nuclear power can successfully compete even with inexpensive coal-fired electricity. Further, I can tell you that the first question from informed investors regarding renewables is, ‘What are the subsidies?’ The question arises because renewable power sources have proven unprofitable without taxpayer funding. Germany’s large wind power projects would not be possible without government subsidies. Many U.S. states are mandating a percentage of their power come from renewables which is effectively another high tax on electricity consumers.”

A 45-year veteran of the nuclear industry, Gillispie has the experience and numbers to back up his assertions. His company is preparing to build two big 1700-megawatt (MWe) nuclear plants in Payette County, Idaho that will produce electricity more cheaply than new wind and solar can, by a long shot.

Nuclear critics like Cooper calculate that the cost of one new 1700 MWe nuclear power plant is $10 billion or more. At that price, electricity from the plant would cost at least 16 cents per kilowatt hour (kWh) according to Cooper. That’s far higher than the 3-5 cent cost of coal power (though that will increase to 10 cents or more with tougher coming emissions standards). It’s higher than the widely claimed figures of 8-10 cents for wind or 12-18 cents for big solar thermal plants including subsidies.

“Don’t believe it,” says Gillispie. “First of all, one of the big untold stories is that renewables are much more expensive than these figures indicate. For instance, it costs more than $10 billion to build 1700 MWe worth of wind or large-scale solar, but renewables only operate a fraction of the time, so the cost per MWe is far higher,” Gillispie explains. “The real price of wind is more like 16-20 cents per kWhr without subsidies. Solar is more than 20 cents. A lot of games are being played to make renewables look sweeter than they are including ignoring subsidies,” Gillispie says.

Even environmental activist and attorney Robert F. Kennedy, Jr. agrees that electricity from new wind farms is more than twice the price of competing alternatives. http://www.nytimes.com/2005/12/16/opinion/16kennedy.html?_r=1

In addition, the typical wind farm or solar installation has a planned life of 15-20 years. A nuclear plant can operate for 60-100 years. “That means capital costs for nuclear plants can be amortized over many more years, reducing the overall costs per kWhr,” says Gillispie.

Most importantly, the price of nuclear plants is far lower than critics like Cooper estimate. “My company is on track to build not one, but two, large plants in Idaho for $9 – $10 billion,” Gillispie says. Reasons for the lower price tag include competition as new suppliers enter the market, which is lowering the capital cost, and the fact that key components are being built in Asia, where manufacturing costs are lower.

“The power from these new plants would cost 4-5 cents per kWh and based on today’s market, the carbon credits it creates could be sold for hundreds of millions of dollars as well,” says Gillispie, “This makes nuclear competitive with coal, with a decided clean-air advantage, since coal is the single biggest contributor of global warming in the world not to mention heavy metals like mercury and other lung damaging particles. And the price of nuclear power alone makes it a huge bargain over wind and solar. Further, we must have baseload electricity, which means large, highly reliable sources of power that renewables can’t deliver and if we don’t build clean low cost nuclear plants it will be more of the same; pollution from toxic coal plants that are already being planned because of the current nuclear plant delays.”

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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

WARNING About Negative AEHI News October 5, 2010

Posted by cleanidahoenergy in setting the record straight, stock market.
Tags: ,
3 comments

Anti-nuclear blogs and National Enquirer type financial websites try to hurt AEHI stockholders

You may have noticed lately financial blogs asking people to file SEC complains with no basis  and at least one on-line article written about AEHI, which are calculated attacks against our company and the work we are performing – simply because we want to build a nuclear plant.

Please pay close attention to the people being quoted and the statements that are being made as they represent an Idaho anti-nuclear group.  The names will become immediately familiar if you have been following AEHI even a short amount of time.  They are the same people who are often dismissed from public discourse by local officials because of their debunked arguments and frankly tiresome libelous statements, which always become personal attacks rather than honest debate.

But occasionally they are able to find a like-minded anti-nuke zealot in the media who is willing to publish their rants and that is what happens from time to time.

AEHI has been honest and above board in all its activities related to stock or financial dealings, which are regularly published as mandated by law because AEHI is a publicly-traded company.  Shares that are owned by CEO Don Gillispie and line officers were either purchased or offered in payment for services and none of those shares have ever been sold.

Every member of AEHI’s Board of Directors, Mr. Gillispie and even advisors to the board all have at least 40 years of experience in the nuclear industry, which includes building, operating, and maintaining nuclear power plants and utilities.  Their reputations have been vetted by national and international governments, which is required to work at their level in the industry.

Mr. Gillispie himself helped create the Institute for Nuclear Power Operations (INPO), which is the world’s leading nuclear consulting company; a group that created many of the safety standards currently in place at nuclear power plants around the world.

These are proven leaders in the nuclear world who are not about to destroy their untarnished reputations or the reputation of AEHI.

Please look at the facts about AEHI not the rumor and innuendo of anti-nuclear zealots who will are unethical in their attacks. Remember they are not AEHI stockholders and never have been!

Please feel free to ask us any questions:

info@aehipower.com