Monday, March 21, 2011

SmallCap Wind Power Companies

SmallCap Wind Power CompaniesXZERES Wind Corp. (OTC:XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), today announced, in a press release, it completed an equity financing in the amount of $4,550,705 in a private placement of 4,334,005 shares ($1.05 per share) to a group of institutional investors and high net worth individuals. Shares of XZERES closed on March 18, 2011 at $2.20 per share and are very lightly traded, only averaging 985 shares per day. The company has a 52-week range between $1.03 and $3.00 per share.

In addition, each purchaser of common stock also received warrants to purchase additional shares in an amount equal to 50% of the number of shares purchased, exercisable at $1.50 per share.

According to Frank Greco, Xzeres CEO, "This additional funding further enhances Xzeres' ability to capitalize on the global opportunities that exist in the Small Wind market. We have experienced strong momentum in the business since acquiring the assets and constructing the necessary Company infrastructure over the past 12 months and this new funding will enable us to continue on that rapid growth path, particularly regarding international opportunities," continued Greco.

For more information about XZERES Wind Corp. or any of its products, please visit www.xzeres.com.

A company that complements XZERES business model is Power of the Dream Ventures (OTC:PWRV), which recently announced, in a press release, that it has successfully competed engineering work on a new power generator for RiverPower.

The new generator, which the company believes to be unique in its design, was especially engineered to meet the special requirements of RiverPower machines. One of the main obstacles to using a traditional, 3000rpm generator was the need for an elaborate gear mechanism to speed up the 10-20rpm rotational speed of the machine. Such a gear mechanism inevitably results in loss of energy due to friction. In order to make RiverPower fully viable, a new generator was needed, capable of producing meaningful electrical output at these slow, 10-20 revolutions per minute.

"Our new generator is a two-phase, 45 pole design capable of producing form 5kW to 50kW of electrical power, depending on design. The most interesting aspect is the 45 poles. In a traditional generator 2 poles are employed and they spin at 3000rpm. A 4 pole generator would spin at 1500rpm and so forth. For the slow moving medium of rivers, our design utilizes 45 of these poles which allows the unit to produce power at 10-20rpm, power than can be fed into the grid directly through an inverter," commented Mihaly Disznos, the engineer in charge of development.

These new generators, in addition to making RiverPower feasible, are especially suited for windmill applications where slow rotational speeds are the norm. With these new generators, the gearbox used in standard wind mill becomes obsolete, as the slow turning shaft of the propeller blade can be directly connected to the generator itself.

For more information about Power of the Dream Ventures, please visit: www.powerofthedream.com.

Disclaimer: Kings of Content has been compensated three thousand dollars (monthly) for coverage of Power of the Dream Ventures.

Distributed by IntelBuilder Social Media Platform

No comments:

Post a Comment