U.S. Department of Energy 2010 Budget $48m Up 400% From 2008
SNM Global Holdings Wave energy (hydrokinectic) development programs expect a flurry of activity thanks to $48 million in grants available to wave energy technologies from the United States Department of Energy and an influx of funding from a state initiative aimed at igniting the sector.
In fiscal year 2010, the Wind and Water Power Program budget for water power activities was approximately $48.0 million, up from $8 million in 2008. Similar increases in government backed developmental funding are being witnessed worldwide, particularly in the UK.
The U.S. Department of Energy’s Wind and Water Power Program leads the nation’s efforts to improve the performance, lower the costs, and accelerate the deployment of wind and water power technologies.
The Company has recently announced the launch of its Small & Micro Hydro Technology Development Projects resulting from its recent technology acquisitions (internally valued at $12.5 million) and has already announced that eleven (11) major projects have been launched in preparation for commercialization and international distribution.
Each of the technology solutions, resulting from its recent technology acquisitions, is a unique integration of proven sustainable alternative sources, engineered to provide redundant energy supplies in a wide variety of applications, particularly adaptable as solutions for emerging markets.
It is expected that a number of the Small & Micro Hydro technologies can be integrated with the Company’s recently announced Clean Water initiative, thereby providing both energy and clean water sources simultaneously.
The recent market reports from Frost & Sullivan have estimated that the “global ocean energy industry can be worth $1 trillion” and Pike Research states hydrokinetic energy is “50 to 100 times more cost-efficient than wind or solar”… and can be more reliable than other kinds of renewable energy sources such as wind or solar.
And, according to a new report from Pike Research, strong growth in the desalination technology market is predicted over the next several years, and the respected cleantech market intelligence firm forecasts that global desalination investment will double from $8.3 billion in 2010 to $16.6 billion per year by 2016, representing cumulative spending of $87.8 billion during that period.
The Company’s acquired technologies and development projects will be integrated into the Company’s MicroTechnology Transfer (mt2) Program and MicroEquity Partner Program; and will be introduced into SNM Global’s distribution network for emerging market insertion and introduction.
SNM Global’s MicroTechnology Transfer (mt2) Program and MicroEquity Partner Program enable the acquisition, development, and transfer of technologies that will provide for the betterment of society and provide the catalyst for emerging markets to leapfrog into the sustainable sectors that will drive the twenty-first century.
The Company encourages collaboration with public, private and institutional partners in all phases of the development and technology transfer cycle; and accepts submissions from both collaborative development, distribution and inventor partners through the Collaboration Portal on its new website at www.SNMNglobal.com.
About SNM Global Holdings SNM Global Holdings (SNM Global) is a technology holding and development company that invests in, acquires, and develops Intellectual Property Assets and Operations in the Clean/Alternative Energy, Biotech, Water and Better Health & Living sectors adapted specifically for the emerging global markets.
The Company realizes revenues from the distribution of its technology, products, and solutions through its network of international agents and distributors and through the licensing of Intellectual Property through its innovative mt2 Program. The Company provides its International MicroEquity Partner program to our local partners in our target international markets. This program provides initial funding to a community building and life-enhancing organization. The Company sees profits through equity ownership and sales and distribution of its technology and solutions. The company operates through its subsidiaries and various distribution partners worldwide.
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SOURCE: SNM Global Holdings