|By PR Newswire||
|February 16, 2017 09:01 AM EST|
NEW YORK, February 16, 2017 /PRNewswire/ --
The Energy Information Administration's (EIA) published the International Energy Outlook earlier in January. The report projects that the total energy production will increase by more than 20% from 2016 through 2040, led by increases in renewables, natural gas, and crude oil production. Diesel remains the dominant fuel for trucks despite increasing use of alternative fuels. Regional programs such as California's Zero-Emission Vehicle regulation, which has been adopted by nine additional states and California's SB-32, which requires a reduction in greenhouse gas emissions, improved alternative vehicle sales, especially electric and fuel cell vehicles. Greenkraft, Inc. (OTC: GKIT), Liquidmetal Technologies Inc. (OTC: LQMT), Blue Sphere Corporation (OTC: BLSP), Capstone Turbine Corporation (NASDAQ: CPST), Synthesis Energy Systems Inc. (NASDAQ: SYMX)
The report indicates that among all the energy sectors renewables showed the most strength and heist adoption rates. 'On a percentage basis, renewable energy grows the fastest because capital costs fall with increased penetration and because current state and federal policies encourage its use… Coal consumption decreases as coal loses market share to natural gas and renewable generation in the electric power sector' the research shows.
Greenkraft, Inc. (OTCQB: GKIT) is a major manufacturer of alternative fuel automotive products. Greenkraft, Inc. was created to introduce clean, green, efficient, automotive products that run on alternative fuels. GKIT offers alternative commercial forward cabin trucks and alternative fuel systems for various vehicles.
On February 6th Greenkraft announced that it will realize well over $1,000,000 of new revenue in 2017. This revenue will be achieved through the monetization of Greenkraft's three major product lines which are trucks, conversion systems, and engines. Some of the trucks that GKIT is offering are truly one of kind in their class and currently the only alternative to diesel fuel trucks, especially from 19,500 to 33,000 GVW. In addition, Greenkraft trucks offer unparalleled maneuverability compared to other available options because of the unique forward cabin design.
Conversion systems are quickly becoming a huge revenue source for Greenkraft too because the Company can take various existing truck models that run on gasoline fuel and completely convert it to run on CNG or LPG making it much less expensive to operate the fleet. The third product line that is contributing to GKIT's revenue increase is engines for repowering trucks with different fuel options, and engines for agriculture equipment and stationary machines used in various industries with different fuel options.
George Gemayel, CEO of Greenkraft, Inc. says, "Greenkraft is already the leader in alternative fuel truck options and is now going to be entering new exciting markets that will tremendously increase both revenue and name recognition. The Company firmly believes that these new alternative fuel innovations will quickly become the standard in the trucking sector and beyond. 2017 is going to be an amazingly exciting and profitable time for Greenkraft."
Liquidmetal Technologies Inc. (OTCQB: LQMT) is a material technology and manufacturing company that develops and commercializes products made from amorphous alloys. The primary business of the Company is to develop and manufacture products and applications from amorphous alloys. The Company designs, develops, manufactures and sells products and components from bulk amorphous alloys to customers in a range of industries. Some applications that stand to benefit from Liquidmetal technology include engine timing systems, fuel injection, interior and exterior decorative components, passenger safety components, pumps, sensors, severe duty connectors and more.
Blue Sphere Corporation (OTCQB: BLSP) is a diversified independent power producer that develops, owns, and operates clean-tech, waste-to-energy facilities in the United States and abroad. The Company primarily converts organic waste into electricity, but also has the ability to generate heat, natural gas and organic byproducts through various technologies. Blue Sphere facilities eliminate waste that would normally be disposed in landfills, reduce greenhouse gas emissions and protect water quality, helping to solve important global environmental issues. Blue Sphere is headquartered in Charlotte, North Carolina and has operations in the United States, Israel and Europe.
Capstone Turbine Corporation (NASDAQ: CPST) is a producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped roughly 9,000 Capstone Microturbine systems to customers worldwide. The Company's microturbines are used as battery charging generators for hybrid electric vehicle applications. Capstone offers micro turbines for commercial, industrial and utility users with product offerings ranging from 30 kilowatts to 1 megawatt in electric power output.
Synthesis Energy Systems Inc. (NASDAQ: SYMX) is a technology company focused on bringing clean high-value energy to developing countries from low-cost and low-grade coal, biomass and municipal solid waste through its proprietary gasification technology based upon U-Gas®, licensed from the Gas Technology Institute. The SES Gasification Technology can produce clean, low-cost syngas for power generation, industrial fuels, chemicals, fertilizers, and transportation fuels replacing expensive natural gas based energy. SGT can also produce high-purity hydrogen for cleaner transportation fuels. SGT enables Growth with Blue Skies, and greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, many coal waste products, biomass and municipal solid waste feedstocks.
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