Hybrid Energy Holdings, Inc. is pleased to report independent advances in solar cell research have virtually doubled the conversion ratio of sunlight to energy, thereby significantly reducing the effective cost of its solar energy solutions and the cut payback time frames in half.
Researchers at the University of Texas in Austin and the University of Minnesota in Minneapolis have discovered a process that can be used to increase the conversion efficiency of solar cells up to 66%; up to twice as high as current levels, which rarely exceed 30 percent.
This new process uses quantum dots to slow down the cooling process of hot electrons and then captures and transfers them. This allows the addition of energy that is currently lost as heat in conventional solar cells.
These and other positive advancements in solar Photovoltaic (PV) and Solar Thermal technology continue to bode well for the market and its recently acquired Photovoltaic (PV) and Solar Thermal technology. The Company recently announced a Development and Distribution Agreement wherein KS IP Holdings, LLC (KS-IPH) acquired exclusive development and distribution rights for specific consumer applications of the Photovoltaic (PV) and Solar Thermal technology previously acquired by HYBE. The five year agreement calls for the payment to the Company of a minimum of $25 million over the first five year term in a combination of fees and royalties.
Hybrid Energy believes PV and Solar Thermal Market, particularly for residential and commercial use, is a high growth sector that promises to become a significant and vital energy option primed for strong sales growth of the company’s holdings and technologies. The worldwide market for Organic Photovoltaic (OPV) and Dye-Sensitive Cell (DSC)-based photovoltaics are expected to grow to $1 Billion with the next five years; and the Solar Thermal market anticipates 46% annual growth rates over the next decade.
The Company has also announced the official launch of its acquisition initiative to acquire technology and operational protocols to successfully re-activate, recover, or rehabilitate otherwise dormant or depleted oil wells. The initiative’s focus will be on the extraction and profitable recovery of ‘heavy oil’ reserves from existing wells not in active production.
The Company’s foundation-building Phase I strategic plan called for traditional and proven fuel production acquisitions to establish revenues and assets. Building on its success, the Company launched Phase II of its growth strategy and began its transition to alternative and renewable energy and technology revenue models.
The Company successfully established a strong and growing asset based of clean energy producing assets with strong recurring profits and cash-flows. The company is assessing the acquisition of several new assets, operations and technologies and encourages further technology submittals and developmental joint ventures through the Merger & Acquisition portal at www.HybridEnergyHoldings.com.
About Hybrid Energy Holdings
Hybrid Energy Holdings (HEH) acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. The Company acquires sector-specific technology and assets as part of its Phase II Clean Energy Initiative. HEH’s prior foundation building acquisitions focused primarily on traditional and proven fuel production has transitioned its growth strategy to adding the latest in energy conservation, reclamation, and power co-generation technologies. HEH may acquire nascent energy technology or rights as portfolio enhancing assets. HEH’s primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies.
HEH believes its combination of profitability and mitigated-risk funding structures provides long-term shareholder equity appreciation.
The company maintains its web site at: www.HybridEnergyHoldings.com
This release contains statements or projections regarding future performance that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company’s filings contain various RISK FACTORS (and are incorporated on the Company’s website “Investors” section by reference) and should be read before any investment decision.
Tel: +1 (775) 636-7602
Fax: +1 (775) 996-7330