jump to navigation

Future is Bright for Mini Nuclear Plants According to Industry Experts September 8, 2010

Posted by cleanidahoenergy in AEHI, Chinese nuclear energy, desalination, Green World Water, Hyperion Power Generators.
Tags: , , , , ,
add a comment

BOISE, Idaho, September 8, 2010 – The nuclear industry is now dominated by giant electricity-generating power plants, but many of tomorrow’s nuclear reactors will be small-some as Lilliputian as a refrigerator. They will power entire towns or even individual ships. Daniel T. Ingersoll, a senior program manager who studies small modular reactors at the Oak Ridge National Laboratory, predicts rapid growth for these mini-nukes-and big investment opportunities. “Global demand could reach 500 to 1,000 reactors by 2040,” he says.

The potential of small nuclear plants has caught the attention of everyone from Bill Gates to giant Babcock & Wilcox. But perhaps the furthest along is Hyperion (http://www.hyperionpowergeneration.com/) , a company spun out of Los Alamos National Laboratory. Hyperion is now working with Alternate Energy Holdings, Inc (OTCQB:AEHI) (www.aehipower.com)  and the China National Nuclear Corporation to turn Hyperion’s innovative design into a tangible product that could be on the market by the end of 2011. “If we can pull it off, we will be the first to manufacture and sell a mini-reactor,” says Don Gillispie, CEO of Alternate Energy Holdings and a 45-year veteran of the nuclear industry.

Gillispie is now in China negotiating an agreement with the CNNC and its subsidiaries to assess and construct the Hyperion design-following up on an existing MOU with the Chinese.

Gillispie already had an agreement with the Chinese to build a larger reactor for sale around the world as a power source for electricity and desalination. But during the discussions that led to that agreement, he learned that the Chinese were searching for a substitute for the diesel engines in cargo vessels. “They asked if I could help find a small reactor to use in their ships,” Gillispie says.

He discovered such a reactor at Hyperion. “It’s a miniature version of the reactors we use today, very cleverly designed by Los Alamos scientists,” he explains. The basic module is completely sealed and safe. Hooked up to a steam turbine, it produces 25 megawatts (MWe) of electricity, enough to power about 20,000 homes. But several of the refrigerator-sized modules can be stacked together, creating 50 MWe or 75 MWe or even 100 MWe power plants. “For small island nations or small to medium-sized towns, it’s an excellent source of power,” says Gillispie. After ten years or so, the modular reactor is simply removed and replaced with a new unit, so there are no problems or issues for the owners with spent fuel. “It’s just like buying a refrigerator,” Gillispie says. “People love the idea.”

Gillispie has gotten strong interest in the reactor from more than 100 potential customers, ranging from India and Qatar to the island of Saipan in the Northern Mariana Islands, which has actually passed a law specifying that Hyperion product will be used as a source of energy. “That’s how confident they are in the Hyperion reactor,” Gillispie says.

In order to sell the mini-reactors in the U.S, Hyperion needs to get approval from the Nuclear Regulatory Commission. Gillispie expects that to happen within a few years, but in the meantime, there will be a good business marketing the product elsewhere. “We’ll make money selling the mini-reactors outside the U.S. before it’s approved here,” he explains.

The cost? Some experts believe that a 25 MW mini-reactor will be a somewhat pricey $100 million. Gillispie expects the price tag to be about half that, making it affordable-yet still profitable for the companies that succeed in the marketplace. There’s quite a bit of competition, Gillispie acknowledges, but Hyperion is in the lead in the race to be the first on the market. Plus, “I think one advantage we have is that we can vary the size of the unit,” he explains. “That makes it much more attractive.”

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 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.
Tags: , , , , , , , , ,
1 comment so far

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.
Tags: , , , , , , ,
1 comment so far

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.
###

AEHI Appoints Key Management to Oversee Energy Neutral™and Green World Water™ June 3, 2010

Posted by cleanidahoenergy in AEHI, Chinese nuclear energy, desalination, Green World Water, Water policy.
Tags: , , , , , , , ,
add a comment

EAGLE, IDAHO – June 3, 2010 – Alternate Energy Holdings, Inc. (OTCQB: AEHI) – today announced the creation and hiring of two key positions.

The National Director of Energy Neutral™ has been filled by Kelly Cross, who currently holds the managing position of News Director for KTRV Fox12 in Boise, Idaho. His experience focuses largely on branding and marketing of new products, which is an excellent and welcome combination in promoting Energy Neutral products and franchises.
Chad Walker has accepted the position of Green World Water™ manager and will be responsible for promotion and sales of AEHI’s latest investment in nuclear desalinization reactors. Walker’s extensive military background and experience in advanced training and facilities management, combined with an upcoming Masters in Public Administration, makes him a perfect candidate.

“These two men are the perfect additions to AEHI. Both positions are extremely important to our success, because as AEHI subsidiaries, Energy Neutral and Green World Water are already proving extremely important and are expected to become key sources of revenue for the company within a year. So their future success is critical, and I know these men have the ability to make that happen,” said Don Gillispie, AEHI CEO.

About Energy Neutral (http://www.energyneutralinc.com) – A subsidiary of AEHI, Energy Neutral plays a key role in promoting responsible and affordable renewable sources of energy. The company demonstrated this ability by building a home in Eagle, Idaho, which creates more power than it consumes. Importantly, the home was built for the same cost as traditional homes in the area, about $100 per square foot.  It is the goal of Energy Neutral to build homes around the globe, which offer built-in renewable sources of power at an affordable cost to typical homebuyers. The company also offers franchise opportunities, and can even retrofit existing homes and businesses with renewable options that will greatly reduce, if not eliminate the cost of electricity.
About Green World Water — A subsidiary of AEHI, Green World Water is targeting the need for clean, potable water around the world. In creating the company, AEHI recently signed a contract with China National Nuclear Corporation (CNNC) to produce the world’s first commercially available nuclear desalinization reactor. Since the original announcement in May 2010, Green World Water has already been approached by several countries that want ocean water desalinated and pumped to remote areas for business, agriculture and other critical needs. Green World Water can affordably provide these solutions by using a nuclear reactor to desalinate water and generate the necessary electrical power to pump the water hundreds of miles inland.

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

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

Posted by cleanidahoenergy in China, Chinese nuclear energy, desalination, Water policy.
Tags: , , ,
add a comment

Partnership to Result in Cleanest, Most Efficient, Most Cost-Effective Producer of Potable Water and Electricity

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

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

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

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

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

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

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

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

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

Progress in China December 15, 2009

Posted by cleanidahoenergy in Agriculture, China, Chinese nuclear energy, nuclear industry, Water policy.
Tags: , , ,
add a comment

Press Release 11:40 AM EDT

AEHI begins development of a joint venture using a large nuclear reactor for desalination of sea water into potable water and electricity production

Beijing, China, December 15, 2009 – Alternate Energy Holdings, Inc. (OTC: AEHI.PK): AEHI China has recently signed an agreement to cooperate in the develop of a joint venture with the Nuclear Power Institute of China to design, manufacture and market world-wide a 1000 MWe  reactor with the ability to produce potable water from sea water or unsuitable fresh water and electricity. The new reactor-desalting unit will be very competively price in the world market. An AEHI holding, International Reactors Inc, hopes to be able to start accepting orders in 2010.

Don Gillispie, AEHI Chairman and CEO, said, “Two of mankind’s biggest challenges today are obtaining adequate fresh water and low cost, reliable, clean electricity. The world demand for fresh water will outstrip supply in about 15 years by 50% due to drought, population growth and industrial demand.  We believe this reactor-desalting unit can uniquely produce the much needed water and electricity to pump it far inland where needed without creating pollution from fossil fuels.”

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 publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. Also, AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

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

US Investor Relations:

208-939-9311

invest@aehipower.com

Letter to investors September 11, 2009

Posted by cleanidahoenergy in AEHI, China, Chinese nuclear energy, economic benefits, Elmore County, international, Investment news, nuclear industry.
Tags: , , , , , , , , ,
1 comment so far

I sent a letter to investors recently. Keeping people informed about our company, its goals and status is an important to us.

September 9, 2009

Dear AEHI Stockholder,

First, let me thank you so much for your investment in AEHI. The company has several nuclear projects underway including our lead site in Idaho, as well as Colorado, a desalination reactor in Mexico and a Tar Sands reactor in Canada to remove trapped oil.

We also formed Energy Neutral, Inc last year to install wind, solar and geothermal heat pumps on homes and offices to eliminate energy bills. Currently, we plan to build our first energy free model home starting the first of October to demonstrate we can construct buildings with no power bills at essentially the same price as those with energy bills. This will help launch our first energy neutral subdivision. The Energy Neutral Trade Mark name is pending as well.

The Idaho reactor, Idaho Energy Complex, is in the process of seeking local approval and we expect it by year’s end. After the Elmore County site approval was delayed due to process problems, we began looking at other sites and now have three additional Idaho counties who are extremely interested in having our plant. A little competition is always healthy. In addition, we are reviewing state lands for potential sites. After two years of educating Idaho citizens along with support from the national media and key state leaders, we have no doubt that an approved site will happen in Idaho soon and we will be adding staff locally to accommodate. We have a funding commitment from Source Capital for the site.

In July, we opened an office in Beijing, China with some investors as AEHI China to facilitate joint ventures for nuclear components among other things and large institutional investors. With the support of the Chinese government nuclear officials, we have several companies who are interested in working with us. I now travel to China every couple of months to facilitate these deals. Also, we are in the process of negotiating on the price to bring the Korean advanced reactor, APR 1400, to the US. This reactor will be lower than the cost of the other reactors currently in the US market making us more than competitive with any new source of electricity in the country. As a backup, we have begun to talk with Mitsubishi Heavy Industries about their advanced reactor as well. Further, we have a large energy trust that is willing to loan us up to $5 billion for the plant construction phase.

Lastly, in lieu of going on the London Plus Exchange as mentioned in my last letter, we are starting the process for our first public stock offering (IPO) for later this year and a move to the American Stock Exchange. This will open the stock up to institutional and more international investors by the first quarter of 2010 allowing us to leave the penny stock category.

As you can see there is plenty of positive news in the making, we will publicly announce this information as it unfolds. If you would like some more AEHI stock or have qualified investor friends, the price is at its lowest from the company at 5 cents per share with no broker fee or volume limit like in the market. This offer will end October 31 when we file for our public offering. We doubt this price will ever be available again. Also, if you have an unrestricted investment 401K or any IRA you can transfer funds to AEHI stock as well.

Just send an e-mail to invest@aehipower.com or call 208-939-9311for more information and PPM, or you can just mail a check to AEHI if an existing investor. If you are an investor you can add to your holdings for as little as $1000 or any amount above that minimum. New investors need to review the PPM.

Again, thanks for your support as we try to help the country with jobs and clean, low cost energy that will also assist us with energy independence.

Best regards,

Don Gillispie

Progress internationally July 23, 2009

Posted by cleanidahoenergy in AEHI, China, Chinese nuclear energy, economic benefits.
Tags: , , , , ,
add a comment

While our rezone application moves through the Elmore County process, we are pleased at our progress on the international front. Below is a story in Nuclear Street based on a recent news release we sent out.

AEHI’s CEO Meets Vice Minister of China’s NEA; Support Given For Strategic Nuclear Power Partnerships

Don Gillispie, during a recent trip to Beijing to open AEHI China’s new office in the Fortune Plaza, met with Sun Qin, Vice Minister of China’s National Energy Administration

– By Abby Gessner –
Alternate Energy Holdings Inc. (AEHI) CEO, Don Gillispie, during a recent trip to Beijing to open AEHI China’s new office in the Fortune Plaza, met with Sun Qin, Vice Minister of China’s National Energy Administration (China’s NEA equates to US Department of Energy). Mr. Sun openly supports AEHI joint ventures, strategic partnerships, and investments in the company’s projects as part of cooperation with the US-China agreement to work together on clean energy sources per US Secretary of Energy Steven Chu’s visit to China last week.

AEHI is working to get China producing internationally qualified products for use in nuclear plants to help lower the high cost of these components.

Don Gillispie said, “In addition we have been warmly received by nuclear component suppliers and operating companies such as China Shipbuilding Industry Company and Guangdong Nuclear Power Holding Company.”

The company has been given an MOU from Dalian Shipbuilding Industry Company, a division of China Shipbuilding, to work together to produce components such as nuclear containment liners, stainless steel piping, and desalination units.

Also, AEHI will work with Chinese companies to produce a new advanced nuclear reactor for international markets to improve competition and lower costs.

Gillispie told Nuclear street that “It was a great honor meeting with Sun Qin, Vice Minister of China’s National Energy Administration . He openly supports AEHI joint ventures, strategic partnerships, and investments in our project as part of cooperation with the US-China agreement to work together on clean energy sources per Secretary Energy Chu’s visit this week. We hope to get China producing ASME and N stamp products for use in nuclear plants to help lower the high cost of these products. We have been warmly received by suppliers and nuclear companies here as well. We will work with China to produce a generation 3 reactor for international markets to counteract the current high capital costs.”

aehichina01http://www.alternateenergyholdings.com Alternate Energy Holdings develops and markets innovative clean energy sources. Current projects include the Idaho Energy Complex (an advanced nuclear plant and bio-fuel generation facility), Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generating plants) and International Reactors, Inc., which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications.

World increasingly supports nuclear March 12, 2009

Posted by cleanidahoenergy in approval process, balanced approach, Chinese nuclear energy, Energy policy, environmentalists, nuclear Europe.
Tags: , ,
add a comment

Due to the rigorous approval process, the United States lags in its implementation of building nuclear power plants. However, countries worldwide are preparing for the next generation of nuclear power, spurred by concerns about global warming and the need to remain economically competitive.

Environmentalists, too, are increasingly supporting nuclear. Recently, three prominent Greenpeace officials announced their support for nuclear, joining Greenpeace co-founder Patrick Moore. Unfortunately, Greenpeace is preparing to excommunicate these representatives, showing the limits of open-mindedness and tolerance.

Countries such as Germany, Great Britain and Italy, which had planned to decommission their reactors, are now moving forward on plans for their own Saudi Arabia, China, South Korea and other technically advanced nations are planning to build nuclear plants because they see the importance ofalways-on, carbon-free, safe and affordable base load power, and nuclear is the only source that can deliver. Given that the annual spent fuel from atypical nuclear plant can fit under a desk, it’s a very low-waste way of generating energy.

Signaling an increasing preference for nuclear energy in Europe, the European Parliament has voted to approve a nenergy report that favors nuclear power as a tool for meeting greenhouse gas emission targets. The report recommends a “specific road map for nuclear investments” and rejected an amendment that favored phasing out nuclear energy in the EU.

Nuclear-generated electricity from 146 reactors made upabout 37% of the EU’s total in 2008 – all of it carbon free. The EU Parliament also stressed that nuclear energy is to be used “at the highest technologically possible level of safety.” Other recommendations made in thereport are mandatory emergency action plans in case of gas supply shortages.

According to a 2006 poll by Eurobarometer, 48 percent of EU citizens would like to maintain or increase level of nuclear power, while 39 percent would prefer to reduce the share of nuclear energy in the overall energy mix.