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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:

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.

AEHI Offers Nuclear Desalination Systems to Pakistani Flood Victims September 28, 2010

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Pakistani embassy contacs AEHI

BOISE, Idaho, Sep 28, 2010– Don Gillispie, CEO of Idaho-based Alternate Energy Holdings, Inc. (www.aehipower.com), has offered his company’s commercial nuclear desalination systems to help Pakistan’s flood victims at cost. In a letter to Pakistan President Asif Ali Zardari and Prime Minister Yousaf Raza Gillani, Gillispie stated that Green World Water (www.greenworld-h2o.com), an AEHI subsidiary that specializes in nuclear desalination systems, could assist in providing clean fresh water to the Pakistani flood victims.

Gillispie was later contacted by Mr. Zahid Chaudhri, the Head of Chancellery, at the Pakistan Embassy to discuss the initial details concerning the AEHI offer, which Gillispie says would create long-term solutions to clean water and energy in Pakistan.

“To show our dedication to Pakistan’s rebirth we would like to offer a reduced price on our services,” Gillispie’s letter stated. Green World Water assists developing countries with nuclear reactors for the production of potable water and power generation. A copy of the AEHI letter was also sent to the U.S. Ambassador in Pakistan.

Gillispie’s letter comes on the heels of news from the International aid agency Oxfam (http://www.oxfam.org.uk) that warns of a public health catastrophe in flood-ravaged Pakistan. Oxfam recently stated that the number of cases from acute diarrhea, skin diseases, acute respiratory infections and suspected malaria due to the clean water crisis have more than tripled. The aid agency also stated that just 30 percent of the money needed for water has been received from the United Nations.

In his letter Gillispie stated, “We can also offer unmatched financing options that will help Pakistan replace what has been taken, while creating a foundation for future success in government, industry and the people who rely on Pakistan for power and clean water.”

The products and financing options are made available through AEHI’s partnership with China National Nuclear Corporation (CNNC).

“We feel a responsibility to global health and more specifically to the Pakistani people suffering during this turbulent time,” Gillispie wrote. “We would humbly request the opportunity to make a difference in Pakistan — creating a future focused on clean water and abundant energy for your country.”

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.

India’s Water Crisis Sparks Demand for AEHI’s Nuclear Desalination Systems September 14, 2010

Posted by cleanidahoenergy in AEHI, desalination, Green World Water, Indian nuclear, Water policy.
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World Bank Report Says India Water Supply in Danger by 2020

BOISE, Idaho, Sept. 14, 2010 (GLOBE NEWSWIRE) — Alternate Energy Holdings, Inc.’s (OTCQB:AEHI) (www.aehipower.com) proposed nuclear desalination reactor systems have generated significant interest in India.

According to recently published reports by the World Bank, India’s demand for water will exceed its sources of supply by 2020. Indian companies are now looking into nuclear desalination reactors as one solution to that nation’s water crisis.

Tubestar Oil and Gas, an oilfield inspection service based in Mumbai, India, is one example of how India’s private sector is investigating the use of nuclear desalination. The company is now reviewing the feasibility of building a nuclear desalination plant that would supply both power and clean water in India. Tubestar recently signed a Memorandum of Understanding with Green World Water (TM) (www.greenworld-h2o.com), a subsidiary of Alternate Energy Holdings, Inc. based in Eagle, Idaho.

Green World Water(TM) plans to market nuclear desalination systems that create clean water and power simultaneously. “Green World Water’s reactor is designed to produce the power Tubestar wants and the water India needs. In fact, it can process enough salt water from the ocean to provide clean fresh water for up to 1 million people per day,” stated Don Gillispie, CEO of AEHI.

“Using nuclear desalination we can produce clean water for a cost as low as 35 cents per cubic meter. Comparisons with coal, natural gas and wind indicate costs of between $2 and $12 per cubic meter.” The World Bank’s report “India’s Water Economy: Bracing for a Turbulent Future” states, “Unless water management practices are changed — and changed soon — India will face a severe water crisis within the next two decades.”

The World Bank’s State of India Environment also reports that the per capita drinking water availability in India has dramatically dropped by 15%-20% over the past 20 years. World Bank estimates that 21% of the communicable diseases in India are related to unsafe water.

Tubestar Oil and Gas, based in Mumbai, India, is in a region facing a critical water shortage. Mumbai currently faces a water shortfall of 650 million liters per day. According to a recent article entitled “India’s Flood of Troubles” authored by Nikhil Inamdar (http://www.the-nri.com/index.php/2010/07/indias-flood-of-troubles/): “The coming years could prove even more difficult as demand increases and sources of fresh water supply dry up due to heavy contamination. A World Bank study ranked Delhi, India’s capital, as the worst performing city when it came to water availability in Asia followed closely by Mumbai coming second.”

The World Nuclear Association (http://www.world-nuclear.org/info/inf71.html) recently reported that India has been engaged in desalination research since the 1970s.

“India’s potential deployment of nuclear desalination reactors on a commercial basis would help spur its economic growth over the next decade,” said AEHI’s Gillispie. “India should position itself to lead the world in the use of nuclear desalination reactors, as both the government and private sector businesses demand a cost-effective solution to the country’s water 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), 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.

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.
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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 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.