VIASPACE, Inc.’s (VSPC.OB) Focus on Developing Revenue Streams in Renewable and Alternative Energy Markets
VIASPACE Inc. is a clean energy company focused on products and technology that reduce or eliminate dependence on fossil fuels and other high-pollutant energy sources. The company is developing revenue streams in targeted segments of the renewable and alternative energy markets through two of its subsidiaries – in the renewable space, VIASPACE Green Energy and in the alternative energy space – Direct Methanol Fuel Cell Corporation.
For the renewable energy markets, the company’s subsidiary – VIASPACE Green Energy – is cultivating Giant King Grass, a proprietary, fast-growing perennial grass. This grass will be used for the production of non-food, low carbon liquid biofuels for transportation and as a renewable, low-carbon substitute for coal now being burned as the heat source in stationary electric generating power plants.
In order to generate recurring revenues, the company is pursuing long-term contracts in this area to supply Giant King Grass as a feedstock for green energy production. As an example of its possible potential, even a small 30 megawatt grass-powered electric generating plant would require 460 tons of grass every day.
For the alternative energy market, VIASPACE subsidiary Direct methanol Fuel Cell develops and manufactures disposable fuel cartridges for fuel cell powered electronic devices such as notebook computers, mobile phones and military systems. The advantages of a fuel cell are a longer operating life and instantaneous recharging by simply replacing the disposable fuel cartridge.
VIASPACE is a fuel cartridge partner with Samsung and other companies involved with fuel cells. The company is also partnered with many leading suppliers of rechargeable lithium-ion batteries. These batteries will be used in hybrid applications with fuel cells in electronic devices and power tools along with electric bicycles, scooters, etc.
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