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Technology Stocks : Headwaters...HDWR..what a 5 year chart

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From: JakeStraw	3/14/2005 3:29:49 PM
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Headwaters Incorporated Selected by Great River Energy to Market Coal Drying Technology biz.yahoo.com Monday March 14, 3:04 pm ET SOUTH JORDAN, Utah--(BUSINESS WIRE)--March 14, 2005--Great River Energy and Headwaters Incorporated announced today that they have signed a Letter of Intent for Headwaters Incorporated to market the Lignite Fuel Enhancement System being developed at GRE's Coal Creek Station near Underwood, N.D. In the system, GRE will use waste heat to dry about one-fourth of the moisture in the coal before it is used in the power plant. Benefits include a reduction of emissions and an increase in generating efficiency of the power plant. In the project's first phase, a prototype module is being designed to dry about one-sixth of the coal for one of the two 546-megawatt (MW) units at Coal Creek Station. Testing of the prototype will begin this summer, and if successful, a complete set of dryers would be built for the unit. The Lignite Fuel Enhancement System is one of eight demonstration projects that was selected in the initial phase of President Bush's Clean Coal Power Initiative, a 10-year, $2 billion commitment to clean coal technology and a key component of the National Energy Policy. The program competitively seeks commercial-scale technology demonstrations to continue and expand the use of coal as a fuel source. The $28 million project at Coal Creek Station is being administered by the Energy Department's Office of Fossil Energy, and managed by the National Energy Technology Laboratory. The Energy Department is expected to provide $11 million for the project over its 45-month

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