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Need Jobs And Tax Revenue? Build Nuclear Power Power Plants, Says CEO of Alternate Energy Holdings September 4, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, nuclear jobs, Payette County.
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BOISE, Idaho, Sep 3, 2010 — Today’s jobs report from the U.S. Dept. of Labor continues to highlight the need for U.S private sector job growth.

“But there is an excellent way to create millions of high-paying jobs,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), “Build new nuclear plants.”

Gillispie has the experience and numbers to back up his statement. He is a 45-year veteran of the nuclear industry. Now his company is on track to build two big plants in Payette County, Idaho. He expects approval from the county and state by the end of the year.

The plants will take about five years to build, directly employing more than 5,000 workers during that time. And since nuclear plants need hundreds of thousands of tons of concrete, more than 30,000 tons of steel, and countless specialized parts from a giant chain of suppliers, the total number of jobs created by the plants will actually be in the tens of thousands.

Now imagine ten or so such projects around the country, says Gillispie. “That would create close to a million jobs.” Nuclear power could singlehandedly make a sizable dent in the nation’s unemployment rate, dropping it below 9%. “The nuclear industry is the greatest job creator we have in the country today,” says Gillispie. After construction is finished, new dual unit plants would offer about 1,000 permanent well-paying jobs per project with another 2,000 or so indirect jobs.

The nation as a whole benefits from the increased number of workers earning wages and paying taxes. And in the regions where new plants are built, the economic impacts would be enormous. Payette County, for instance, now has an unemployment rate higher than Idaho’s average and faces a budget shortfall of $500,000. If construction goes forward, Gillispie’s plants will drop the unemployment rate to one of the lowest in the country, and add $100 million per year to county tax revenue. The project will also bring billions to the state of Idaho. “It will be huge boon to the area–and to the country,” says Gillispie.

Building nuclear plants brings benefits over and beyond new jobs. The industry produces reliable and clean electricity, without the threat of pollution, oil spills, and other environmental damage.

But today’s job report is another sobering reminder of how long lasting the economic crisis has become–and how valuable the nuclear industry can be to pulling the nation out of its slump.

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

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

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

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

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

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

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

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

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

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Moving forward in Payette January 15, 2010

Posted by cleanidahoenergy in AEHI, Blue Castle Project, economic benefits, Fresno Nuclear Energy Group, Payette County.
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A little more than three years ago, I came to Idaho with a proposal to build a nuclear plant. After many  months and millions of dollars – much of it my own – Alternate Energy Holdings Inc. earned a significant success last night. The Payette County Planning and Zoning Commission voted 9 to 1 to recommend revising the county’s comprehensive plan to make way for our proposed nuclear plant; our next step is to apply to rezone the land. That’s pretty technical, but the bottom line is, we may now move forward with our plan to bring jobs, clean energy and prosperity to Payette County and beyond.

I congratulate the team, which has helped me over the years and remained loyal to this project through thick and thin. It has been a hard fight, but we have now established momentum. In the past couple of weeks, we have also successfully attained Over The Counter status in the stock exchange and I enjoyed a very productive period of negotiations with representatives of the Korean government to import reactors into the U.S.

As some of the Payette P and Z commissioners correctly noted, this is just the first step among many more to come and there will be plenty of initiatives ahead of us. In the coming months, we expect to hire dozens of people in Payette County to assist with initial site preparation, including electricians, earth movers, carpenters and laborers; we will keep people informed about this. Also, we will need to prepare incredibly detailed proposals about our plans, accounting or our impact on traffic, public services, revenue, jobs, air quality and many other issues.

Many eyes are on Payette and AEHI now. I predict our continued success will transform the utility and power plant development industries. I expect more small, purpose-built companies will form to develop power plants. Also, I think more utilities will seek to emulate this model to develop plants through their unregulated subsidiaries, to more efficiently provide power and fund new facilities with investor – not ratepayer – money. There are already two other investor companies looking at developing nuclear plants, in Utah and California, and I hope our success encourages them.

Progress internationally July 23, 2009

Posted by cleanidahoenergy in AEHI, China, Chinese nuclear energy, economic benefits.
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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.

Renewable energy relies on exporting power September 2, 2008

Posted by cleanidahoenergy in Energy policy.
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One of our opponents’ main approaches has been to criticize the likelihood that the Idaho Energy Complex will ship its power to neighboring states. They argue that we should instead put all our eggs in the renewables basket and, presumably, that power would stay in Idaho.

Our opponents are undercutting their own arguments and I think they know it. According to an Aug. 30 story in the Idaho Statesman, renewable energy can only become a significant contributor to our national power supply if we export it between states. The story, sent by the New York Times News Service, talks about the $320 million Maple Ridge Wind farm in upstate New York, which has to shut down even when winds are blowing because there aren’t enough transmission lines to send the power to buyers.

“The dirty secret of clean energy is that while generating it is getting easier, moving it to market is not,” according to the story. Also, making renewables significant contributors “would require moving large amounts of power over long distances, from the windy, lightly populated plains in the middle of the country to the coasts where many people live. Builders are also contemplating immense solar-power stations in the nation’s desert that would pose the same transmission problems.”

Our current national power system has about 200,000 miles of lines divided among 500 owners – it is more like a cobbled-together collection of streets, alleys and roads. The Energy Department has a plan for a 2,100-mile high-voltage backbone to whisk energy between states that sell it and states and buy it. But expanding the grid is painfully slow, with state governments, landowners and environmental groups fighting expansion every step of the way. According to the story, power generation is growing four times faster than transmission ability.

Even if we built the transmission lines, what would people in the Plains states feel about millions of acres covered with 400-foot turbines, exporting all that power to the East Coast? What would people in Arizona think about hundreds of thousands of acres covered solar panels, with all that power going to the Intermountain West?

At some point, our common interests as Americans will need to prevail – for our prosperity, even our national survival. Regardless of where we live, we all want economic growth and clean, affordable, reliable energy. We have no problems selling our food, timber, computer chips and minerals out of state. When we can view energy in the same way, we will have taken a big step toward securing our economy and our future survival.