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AEHI CEO Don Gillispie To The Federal Government: Please Correct Approval Process And Loan Guarantees For Nuclear Plants In 2011 December 14, 2010

Posted by cleanidahoenergy in AEHI, approval process, nuclear industry.
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BOISE, Idaho, December 13, 2010 – “Nuclear power holds enormous promise for meeting America’s need for clean, reliable, low-cost electricity, but the promise will only be realized if the U.S. government addresses its energy policy,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc (OTCQB:AEHI; http://www.aehipower.com), a Eagle, ID-based company that plans to build new nuclear power plants and markets nuclear desalination systems. “We need a real energy plan,” he says.

“The right energy policy would streamline the approval process for new nuclear plants and greatly expand the U.S. government’s program to guarantee loans to stimulate domestic financing of those plants,” Gillispie argues. “It wouldn’t even cost taxpayers any money. With loan guarantees, the federal government is only required to pay if nuclear plant developers default on their loans and the chances of that are slim considering the money these plants can generate. The Energy Policy Act of 2005 was created to encourage clean energy developers with loan guarantees, among other things, but now we are greatly limiting them for nuclear power and even charging prohibitive upfront fees to qualify — hardly an incentive.”

According to Gillispie policy changes are urgently needed. The numbers tell a stark and worrisome story. The U.S. has 104 nuclear reactors, which make 20% of the nation’s electricity. Within about 25 years many of those plants will have reached the end of their lives, and will have to be replaced. Meanwhile, approximately 600 coal plants would cost too much to upgrade to meet new pollution rules, so they will be taken out of service; some are already in the process. In order to continue meeting the nation’s current baseload electricity demand, the country will need 300 or more new nuclear plants within 30 years or so. “We’d have to be on a path of 10-15 new nuclear plants a year when you include load growth starting now,” Gillispie says.

However, the country hasn’t even taken a small step on that path. While U.S. companies proposed building about 30 new nuclear plants over the next 10 years or so, most of the proposals are currently stalled. Plants that are on track to be built include two units at the existing Vogtle site in Georgia owned by Southern Company and two units AEHI plans to build in Payette County, Idaho.  The AEHI plant will fall behind Vogtle due to the lengthy approval process involved with building on a previously undeveloped site, also known as a greenfield site. Even if the stalled proposals get moving, they won’t be nearly enough. “AEHI is planning for the potential to install an additional four units in the future while everyone else is talking about one or two,” says Gillispie. “At this rate, we’ll never be able to meet the country’s need for baseload electricity.”

What would greatly help speed up the development of nuclear plants? Probably, the most important step would be for the Nuclear Regulatory Commission (NRC) to approve designs and new sites more expeditiously, Gillispie says. “NRC officials are telling people it takes 54 months to approve an existing, but enhanced U.S. design that’s already shown to be reliable and safe and potentially even longer to approve a new greenfield nuclear site. Any industrial development, including mining and heavy manufacturing, are nearly impossible to get approved today. It is apparent our children will live at a lower standard if we do not wake-up and give business leaders some say in this country’s future, instead of catering to those who oppose everything in the name of the environment to a fault.

Life has risk, but there are even greater risks without proven technologies being used effectively.  Western nuclear power has been proven safer than all other energy sources to date, yet getting plants built remains far too time consuming.” Nuclear plant approval delays mean that potential investors are instead putting their money in alternatives like wind, which can be approved and built in as little as a year—but can only supply a fraction of the country’s demand for power with high cost, poor reliability and large federal subsidies, not to mention it cannot provide needed baseload power to our electric grid.

That’s why Gillispie is encouraging his representatives in Congress to push the NRC to move faster or to pass legislation to streamline the approval process.

The second step would be to provide more loan guarantees for nuclear plants without excessive fees. Such guarantees enable companies to line up financing for new plants at an affordable cost. “There’s almost no risk to the government,” says Gillispie, “because nuclear plant developers will not default on those loans.”

The NRC must move expeditiously in order to fulfill the requests for more nuclear power now seen at a local level.  AEHI’s own experience shows public opinion for nuclear is at an all-time high. At a key December 2nd county planning and zoning meeting, an overwhelming majority of the participants were in favor of zoning changes to permit the construction of AEHI’s proposed plant.  On December 9th, those same county officials approved a recommendation to rezone 500 acres in rural Idaho, which has been designated as the future site for AEHI’s proposed nuclear power plant.  “If the government will help us move faster, the nuclear industry will be able to deliver the critical power that America needs,” says Gillispie.
About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and 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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AEHI CEO Comments on Swedish Report Showing Nuclear as Clear Winner Over Wind November 15, 2010

Posted by cleanidahoenergy in nuclear industry, Wind energy.
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BOISE, Idaho, Nov 15, 2010 (GlobeNewswire via COMTEX) — One of the huge debates swirling around nuclear power is its price. Some critics argue that even though nuclear plants offer clean, reliable sources of electricity, building new plants is just too costly.

Not so, says a new report by PricewaterhouseCoopers (http://www.world-nuclear-news.org/NP-Nuclear_is_competitive_in_Sweden_says_report-0710104.html). Commissioned by a Swedish industry group, SKGS, the report concludes that electricity from new nuclear plants would be less than two-thirds the price of electricity generated by new wind farms. “This independent report helps explode the myth that nuclear plants can’t compete with wind, solar, and other popular forms of renewable power,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc (otcqb:AEHI), an Eagle, Idaho-based company that plans to a build nuclear power plant in Idaho and market nuclear desalination systems around the world.”

The group SKGS represents industries in Sweden that use a lot of electricity, such as steelmakers, mining companies and chemical manufacturers. These companies are worried about having enough affordable electricity in the future to remain competitive in Sweden and in global markets. So the group asked PricewaterhouseCoopers to figure out what new sources of electricity make the most economic sense.

The answer? Nukes and, if available, hydropower. Not wind. In order to get a reasonable return on investment, the report concluded, nuclear plants had to be able to sell power at minimum price 6.3 cents per kilowatt hour (kWh) without government loan guarantees and just 4.4 cents per kWh if such guarantees are available. That compares to 9.67 cents per kWh for wind and 5.8 cents per kWh for hydro.

“The new study suggests that nuclear power will be the cheapest power source,” says SKGS president Kenneth Eriksson.

The PricewaterhouseCoopers figures are also very close to those estimated by AEHI’s Gillispie, a 45-year veteran of the nuclear industry in the United States. “At AEHI, we are now on track to build a large dual-reactor nuclear power plant in Idaho for a total cost of about $8 – $10 billion,” Gillispie says. “That would translate to a cost of about 4-5 cents per kWh according to our calculations for the electricity produced by the plants,” he says. “Not only does that make nuclear power a huge bargain compared to wind and solar, but it is also a carbon-free source compared to coal, which is the biggest single contributor to global warming. Further, nuclear has the highest reliability of well over 90% compared to approximately 20% for wind and solar.”

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

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

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

Alternate Energy Holdings CEO Invited to Speak at Key Nuclear Energy Conference November 11, 2010

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BOISE, Idaho, November 11, 2010 – Don Gillispie, CEO of Eagle, Idaho-based Alternate Energy Holdings, Inc (OTCQB:AEHI) (http://www.aehipower.com) has been invited to speak as an industry expert at the Platts 7th annual Nuclear Energy conference in Bethesda, MD, February 16-18, 2011.

As Platts describes it, the “Nuclear Energy conference is the leading forum for a strategic view of nuclear energy in North America, featuring the major players and experienced voices in the nuclear industry.” (http://www.platts.com/ConferenceDetail/2011/pc109/index) This year’s conference will cover the rapid growth of nuclear energy around the world, and explore how the United States can catch up. Sessions will delve into such details as reactor designs and financing schemes that can speed progress in the industry.

In his February 17 panel, Gillispie will talk about the cost advantages of nuclear power compared to other forms of energy and explain how his company, AEHI, is working toward building a large dual-reactor nuclear power plant in Payette County, Idaho. “My message will be that nuclear power is a clear winner compared to solar, wind, and other thermal sources, making it an attractive to both large power users and investors.  It is also important to let the industry know how AEHI is getting this plant locally approved and funded, so that other companies can begin following the unique model to help expand nuclear plants in the U.S. again,” says Gillispie, a 45-year veteran of the industry.

Gillispie will also describe how nuclear power can solve a growing world crisis-scarcity of clean water-with nuclear-powered desalination plants. AEHI’s Green World Water(TM) (www.greenworld-h2o.com) subsidiary is already marketing such systems, produced by China National Nuclear Corporation, through a new office in West Africa and other interested countries.

“I hope that this conference will show that the U.S. is once again on the path to a cleaner, safer, nuclear-powered future,” Gillispie says.

About Alternate Energy Holdings, Inc. (http://www.aehipower.com) — AEHI 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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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.

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

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

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

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

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

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

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

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

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

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

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

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

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

Nuclear Energy Will Help Meet Rising Electricity Demand, Create Jobs, Says AEHI CEO September 20, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Greenfield nuclear development, Payette County.
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BOISE, Idaho, Sep 20, 2010 (GlobeNewswire via COMTEX) — “The acceleration of nuclear energy use in the U.S. can help meet the rising electricity demand with a clean-air energy source and at the same time spur the American economy as construction of new plants will lead to increasing demand for tens of thousands of skilled workers at all levels,” stated Don Gillispie, CEO of Alternate Energy Holdings, Inc. (www.aehipower.com).

AEHI, based in Eagle, ID, develops and markets innovative clean energy sources and is seeking to build new power plants in non-nuclear states. “The U.S. Department of Energy projects that U.S. electricity demands will rise 26 percent by 2035. Industry experts estimate our nation will need hundreds of new power plants to provide electricity in our homes and businesses, as well as a much needed boost to our economy,” Gillispie said. Some 17 companies and consortia are considering building more than 30 nuclear power plants. The U.S. Nuclear Regulatory Commission (NRC) is actively reviewing 13 combined license applications from 12 companies and consortia for 22 nuclear power plants, according to the Nuclear Energy Institute (NEI)(www.nei.org/keyissues/newnuclearplants/).

AEHI is among those companies that intend to apply to the NRC for a license for its proposed $10 billion commercial Idaho Energy Complex, which the company plans to construct on a 5,300-acre parcel in Payette County, Idaho. AEHI also secured a backup nuclear site on 6,000 acres adjacent to the primary site. The initial plant is expected to become operational in 2019.

According to a recent independent study, AEHI’s proposed plant about 60 miles northwest of Boise is expected to create around 5,000 jobs through the construction phase and more than 1,000 direct and 2,000 indirect jobs during operations. Pay levels for those jobs would average $60,000 and $80,000, respectively. Revenue for the county and state during the construction phase alone is projected to increase Idaho’s GDP by some $5.3 billion inclusive of $4.8 billion that would flow directly through Payette County.

NEI has reported there are considerable economic benefits for communities and states when they host new nuclear plants including hundreds of jobs and an expanded tax base. Over the past two years more than 15,000 new jobs have been created due to new nuclear plant activities and the number of U.S. suppliers of nuclear energy equipment certified by the American Society of Mechanical Engineers has jumped 22 percent since 2007.

Based on DOE forecasts for the U.S, maintaining nuclear energy’s current 20 percent share of generation would require building about one reactor per year, starting in 2016. Currently, the largest share of baseload power in the U.S. is provided by coal plants, which pump about 1800 pounds of pollution into the atmosphere per minute. The smallest share is provided by renewables like wind and solar, which are clean, but only work between 10 and 20 percent of the time with high costs.

“Nuclear power has zero carbon emissions and is the only energy we have today that can provide clean, low cost and reliable based-load electricity 24/7,” Gillispie said.

The expansion of nuclear power in the U.S. – or around the world in the foreseeable future – will not be limited by a shortage of uranium supplies, according to a major new interdisciplinary study produced under the auspices of the MIT Energy Initiative. The study challenges conventional assumptions about nuclear energy (http://web.mit.edu/press/2010/nuclear-report-release.html).

About Alternate Energy Holdings, Inc. (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.

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.

Excellent Forbes story on nuclear construction September 10, 2010

Posted by cleanidahoenergy in economic benefits, nuclear industry, nuclear jobs.
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This is a good story updating the progress of Southern Co.’s construction of nuclear reactors. Most significantly, 1,300 people are working on this job and the company doesn’t even have its final COLA (Combined Operating Licence) finished yet. This is strong, ongoing proof that nuclear plant construction puts people to work.

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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