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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.

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Alternate Energy Holdings Suspends Plans for a Reverse Stock Split September 7, 2010

Posted by cleanidahoenergy in AEHI, Green World Water, Hyperion Power Generators, Payette County, stock market.
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Decision Based on Potentail Near-Term Milestones
BOISE, Idaho, Sep 7, 2010 — Alternate Energy Holdings, Inc. (OTCQB: AEHI) today announced a decision to suspend all efforts involving a reverse stock split with the anticipation of milestone events in the near future that could greatly reduce a reverse split or render it unnecessary in order to uplist to the major exchange.

Based on confidence in AEHI’s accomplishments and long term potential, company directors and line officers have maintained their stock ownership, in which no shares have been sold since company inception.

Some of the expected near-term milestone events include potential sales of nuclear desalination systems from AEHI subsidiary Green World Water™ (www.greenworld-h2o.com), a growing partnership with Hyperion Power Generation, which could include a deal with the China National Nuclear Corporation (CNNC) to produce Hyperion’s small modular reactor for sale on an international level.  In particular, AEHI also anticipates a favorable zoning decision from the Payette County, Idaho Board of Commissioners, which would give the company the local and state approval necessary to build a proposed nuclear power plant.

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) and Green World Water™, 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. 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.

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

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

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

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

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

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

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

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

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

About Alternate Energy Holdings, Inc.
(http://www.AlternateEnergyHoldings.com) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

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

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

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

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

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

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

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

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

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

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

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

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

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

AEHI Signs MOU With Hyperion Power To Manufacture Small, Modular Nuclear Reactors In China And Market World-Wide June 14, 2010

Posted by cleanidahoenergy in AEHI, China, desalination, Hyperion Power Generators, reactor types.
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Partnership to open untapped opportunities in commercial nuclear power

EAGLE, IDAHO – June 14, 2010 – Alternate Energy Holdings, Inc. (OTCQB: AEHI) – today announced the signing of a memorandum of understanding with New Mexico-based Hyperion Power Generation, Inc.  The MOU is the beginning of a joint venture between the two companies to license, build and market Hyperion’s refrigerator-sized modular nuclear reactors on a world-wide basis.

“I am extremely excited and honored to be a partner with Hyperion and its equally impressive 25 Mwe Hyperion Power Module.  It is one of the most innovative products I’ve seen in my 46 years in the nuclear industry.  Because of its small size the power plant’s applications are limitless and could fuel a huge variety of important facilities including: hospitals, desalinization plants, emergency facilities, industrial parks, factories, military bases, and even small towns for many years.  Because of its innovative and exclusive design, Hyperion’s technology can even open up applications that no other production reactor can perform.   Our partnership will make it possible to market the product internationally, and to locate specific applications in the United States,” said Don Gillispie, AEHI CEO and Chairman.

“We chose AEHI to assist us in this endeavor because the company is independently operated, has unprecedented connections in the international community, especially in China, and is headed up by some of the most well-known and respected individuals in the nuclear industry.  If there is one company that has the ability to successfully place the Hyperion product in the international spotlight, it is AEHI,” said John R. “Grizz” Deal, Hyperion CEO.

Hyperion knocked the nuclear industry on its heels last year when company officials announced the ultra-small reactor, which already has more than 150 purchase commitments from customers such as mining and telecom companies.  Unlike most reactors, Hyperion transportable reactors are sealed at the factory and are not refueled onsite.  When the reactor has exhausted its fuel, it is returned to the factory and a new reactor is simply installed in its place.

“The Hyperion Power Module practically sells itself,” said Gillispie.  “It can be installed in a small vault, could power about 25,000 homes, and comes with an unbelievably affordable price tag. In, addition, the power plants can be stacked to provide exactly the amount of power needed now and still have the option to increase power supplies in the future if power demands increase. That combination opens up a limitless market, in which AEHI has a variety of customers who are ready to buy.”

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™, 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.

About Hyperion Power Generation, Inc. (http://www.HyperionPowerGeneration.com) — Hyperion Power Generation Inc. is a privately held company formed to commercialize a small modular nuclear reactor designed by Los Alamos National Laboratory (“LANL”) scientists leveraging forty years of technological advancement. The reactor, known as the Hyperion Power Module (“HPM”), designed to fill a previously unmet need for a transportable power source that is safe, clean, sustainable, and cost-efficient.

“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.

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