DALLAS, TEXAS : StockGuru announces that Cleantech Transit Inc (OTCBB: CLNO) is in the StockGuru Spotlight. Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company’s manufacturing clients worldwide.
On Monday, the company put out news announcing additional details regarding its interest in a 500 Kilowatt biomass-generated power plant owned and operated by Phoenix Energy (www.phoenixenergy.net). The plant is fully constructed in Merced, California and is the first-of-its kind to receive an Authority to Construct permit from the San Joaquin Air Pollution Control District in California’s Central Valley as well as a use permit from Merced County. Alex Holtermann, CEO of Cleantech, commented, “Full scale commercial operation of the plant is expected to be completed during the second quarter of 2011. Once the interconnection process is complete, the 500 Kilowatt plant can begin selling power to one of California’s largest utilities under a fixed price 15-year contract. This positions us to capitalize on numerous government incentives, including carbon credits, as well as help accelerate the adoption of renewable energies in the State of California.”
Shares for Cleantech Transit Inc (OTCBB: CLNO) were up during the late morning of trading on Monday and closed slightly up at closing.
To view our StockGuru Spotlight on Cleantech Transit Inc (OTCBB: CLNO), please visit: http://stockguru.com/category/latest-spotlights/
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