Cleantech Transit, Inc. (CLNO)
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass is the oldest form of energy. For thousands of years man has burned wood to use for heat and for cooking. In fact, wood was the biggest energy provider in the world until the mid- 1800's.
Biomass is any organic matter that can be used as an energy source. Organic meaning anything that is alive or was once alive a short time ago. Organic materials are renewable energy sources like trees, plants and animal waste. Garbage is also another energy source. It can be burned to generate steam and electricity. Power plants that use garbage and other waste are called waste-to-energy plants.
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October 13th, 2011 at 01:04 pm