Welcome!

News Feed Item

VIASPACE Giant King Grass Progress in Nicaragua--12 MW Power Plant and Animal Feed Business

WALNUT, Calif., Sept. 2, 2014 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) issued an update on the Giant King Grass power plant and animal feed projects in Nicaragua.

VIASPACE CEO Dr. Carl Kukkonen traveled to Nicaragua in August to participate in the formal power plant feasibility study being conducted by Pelican SA of Managua. The feasibility study team met at the plantation on the shores of Lake Nicaragua to assess the agricultural aspects of the project and to inspect potential sites for the power plant and survey the route for the transmission line to connect to the national grid.

The agricultural feasibility study team included experts from Nicaragua, Costa Rica, Europe and the United States. The team reviewed plans for planting, growing, harvesting, transporting and processing 284,000 tons of fresh Giant King Grass every year for the 12 MW biomass power plant. The team heard from the local Energia Reino Verde team that has been growing Giant King Grass in Nicaragua since 2012.  Energia Reino Verde (English translation "Green Kingdom Energy") is the special purpose company that will own and operate the 12 MW biomass power plant and 2,100 acre Giant King Grass (GKG) plantation in Nicaragua.

The grid connection group of the feasibility study team also visited the plantation and examined potential sites for the power plant. They also conducted a survey for the route for the transmission line to connect to the Nicaraguan grid. The distance is approximately 9 km. The power will be sold to the Nicaraguan grid and potentially also to private customers. Nicaraguan law allows private customers to use the grid to deliver reliable electricity to them.

A potential Engineering, Procurement and Construction (EPC) contractor from the United States visited the plantation and power plant site to evaluate the project. Energia Reino Verde is interviewing several potential EPC contractors and hopes to make a selection after the feasibility study is completed.

Nicaragua is currently in a drought, but the Giant King Grass plantation is located on Lake Nicaragua with plenty of water for irrigation. Animal feeders throughout the country will likely face a serious shortage of animal feed in the beginning of 2015. The Nicaraguan partners are considering a major expansion of the Giant King Grass animal feed production to help meet needs for animal feed throughout the country.  As part of the animal feed project, Giant King Grass was harvested and made into silage. Samples were also sent to Dairy One in the US for forage analysis.

Kukkonen reported, "I am very satisfied with the progress on the project in Nicaragua.  We have an excellent team, and the external review by the feasibility study group will validate and improve our plan. This plantation and power plant will be a flagship for VIASPACE. We have other potential customers watching us closely and we expect to have similar projects in place in the future. VIASPACE will earn revenue from the Giant King Grass license fee and also generate earnings from a retained equity stake in the power plant."

VIASPACE Chairman, Dr. Kevin Schewe, commented, "I encourage all interested parties and investors to examine the new pictures that we are posting on our Facebook page showing aerial views of the where the 12 MW biomass power plant and 2,100 acre Giant King Grass plantation will be located including views of the Giant King Grass that is already growing there. We are proceeding with the animal feed side of the business in parallel with the 12 MW power plant and we show Giant King Grass being chopped to make silage as animal feed. This is our flagship project and business model because we will earn revenue from our Giant King Grass license fee and also generate earnings as an equity partner in the sale of electricity. In addition and very significant, we are going to demonstrate how the animal feed business and biomass electric power generation can be complementary businesses generating an even more robust economic profit related to the Giant King Grass plantation."

Dr. Schewe, concluded, "I commend Dr. Kukkonen and our partners in Nicaragua for having the vision and diligence to move this project forward with remarkable speed and success. There are many eyes watching this project and we believe that we are gaining additional recognition as a leader in this business space as its success unfolds. We are moving forward on so many other fronts as well and my support for this company is stronger than ever."

New pictures from Nicaragua are available on the VIASPACE Facebook page www.facebook.com/viaspaceinc.

About VIASPACE Inc.

VIASPACE grows renewable Giant King Grass as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield, dedicated biomass energy crop. Giant King Grass when it is cut frequently at 4 to 5 feet tall is also excellent animal feed. The USDA granted approval for planting Giant King Grass throughout the US and cooperates in exporting by performing the required inspections and issuing the phytosanitary certificate needed for import into foreign countries. Giant King Grass is being grown in California, Arizona, Hawaii, St. Croix Virgin Islands, Nicaragua, South Africa, China, Myanmar, Pakistan and Guyana.  For more information, please go to www.VIASPACE.com or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or [email protected]

Safe Harbor Statement

Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Such factors include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2013, and other factors over which VIASPACE has little or no control.

SOURCE VIASPACE Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant th...
In his session at @ThingsExpo, Greg Gorman is the Director, IoT Developer Ecosystem, Watson IoT, will provide a short tutorial on Node-RED, a Node.js-based programming tool for wiring together hardware devices, APIs and online services in new and interesting ways. It provides a browser-based editor that makes it easy to wire together flows using a wide range of nodes in the palette that can be deployed to its runtime in a single-click. There is a large library of contributed nodes that help so...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
Many companies start their journey to the cloud in the DevOps environment, where software engineers want self-service access to the custom tools and frameworks they need. Machine learning technology can help IT departments keep up with these demands. In his session at 21st Cloud Expo, Ajay Gulati, Co-Founder, CTO and Board Member at ZeroStack, will discuss the use of machine learning for automating provisioning of DevOps resources, taking the burden off IT teams.
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
Most of the time there is a lot of work involved to move to the cloud, and most of that isn't really related to AWS or Azure or Google Cloud. Before we talk about public cloud vendors and DevOps tools, there are usually several technical and non-technical challenges that are connected to it and that every company needs to solve to move to the cloud. In his session at 21st Cloud Expo, Stefano Bellasio, CEO and founder of Cloud Academy Inc., will discuss what the tools, disciplines, and cultural...
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness.
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
Today traditional IT approaches leverage well-architected compute/networking domains to control what applications can access what data, and how. DevOps includes rapid application development/deployment leveraging concepts like containerization, third-party sourced applications and databases. Such applications need access to production data for its test and iteration cycles. Data Security? That sounds like a roadblock to DevOps vs. protecting the crown jewels to those in IT.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
Why Federal cloud? What is in Federal Clouds and integrations? This session will identify the process and the FedRAMP initiative. But is it sufficient? What is the remedy for keeping abreast of cutting-edge technology? In his session at 21st Cloud Expo, Rasananda Behera will examine the proposed solutions: Private or public or hybrid cloud Responsible governing bodies How can we accomplish?