Date: January 30, 2009
Source: Global Energy Systems, Inc.
Global Energy Systems Signs Agreement with Florida County for Landfill Gas Project
Charlotte County Zemel Road Landfill Gas to Energy Project
Global Energy Systems, a subsidiary of the diversified renewable energy company Global Energy Holdings Group, Inc. (NYSE Alternext US: GNH), today announced it has signed an agreement with Charlotte County, Florida for the development of a landfill gas sequestration and energy facility at the Charlotte County Zemel Road landfill.
Located 2 hours south of Tampa, the Zemel Road landfill generates methane, a natural gas, created from the decomposition of its waste. Methane, however, is a greenhouse gas 23 times more potent that carbon dioxide. Typically, this landfill gas is flared to prevent its escape into the atmosphere. Instead of flaring the gas, Global Energy will construct and operate a landfill gas collection system and onsite energy plant for local electricity production.
Under the terms of the agreement Global Energy Systems purchased all the rights for landfill gas generated at the Charlotte County, Florida Zemel Road landfill from North American Natural Resources-Southeast, LLC. And with the purchase, Global Energy Systems has the exclusive right to construct and operate a landfill gas to electricity project at the Zemel Road landfill.
Global Energy Systems expects to make a $6,000,000 investment at the landfill for infrastructure and power generation equipment. "The landfill will provide enough gas to generate enough electricity to power 1,500 homes in Charlotte County every year. This proactive approach to carbon dioxide emissions reductions has the equivalent benefit of removing 17,000 vehicles from our roadways," says Charlie Wall, Chief Operating Officer of Global Energy Systems.
The U.S. Environmental Protection Agency's New Source Performance Standards (NSPS) limits the maximum level of pollution that a stationary source may produce. Based on its greenhouse gas emissions, the Zemel Road landfill has not reached this level and, therefore, does not require mandatory gas collection. However, by implementing this landfill gas project, Charlotte County and Global Energy are working together to voluntarily curb the landfill's emissions. "This renewable energy project is not only good for the environment but will generate potentially $1,000,000 in annual revenues for Charlotte County, a win-win situation for Global Energy, Charlotte County and Mother Earth," says Roger Lescrynski, Project Manager, Charlotte County Environmental & Extension Services.
"Our nation has a vast supply of untapped waste resources for energy production," says Don White, Vice President of Sales and Business Development of Global Energy Systems. "By developing our landfill gas infrastructure, we can prevent the escape of a harmful greenhouse gases and reduce our dependency on traditional fossil fuels by generation of a renewable energy source."
About Global Energy Holding Group
Global Energy Holdings Group is a diversified renewable energy company based in Atlanta, Georgia. Global Energy Systems develops renewable energy projects, including biomass gasification and landfill-gas-to-energy projects. Global Energy Systems also coordinates and implements energy-efficiency projects, such as cogeneration and heat recovery, for organizations that include government agencies and the U.S. military. Global Energy Holdings Group provides tailored solutions that capitalize on the nation's need for diverse energy resources, while investing in promising innovations to help power the future. The company trades under the ticker symbol GNH on the NYSE Alternext US (formerly the American Stock Exchange). For more information about Global Energy Holdings Group, please visit its Web site at www.gnhgroup.com.
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