Market Wire

Financial Incentives Boost Solar Applications

Financial Incentives Boost Solar Applications

AXcess News ( released a

story covering alternative energy stocks that focused on WorldWater

Corporation (OTC BB: WWAT) following new sales figures released Friday.

With oil above $40 a barrel and utilities straining to meet demands, some

state and local governments are offering financial incentives for

alternative energy applications that can lower power usage.

One company taking advantage of those programs is WorldWater Corp., a

manufacturer and marketer of solar-pumping systems, that announced a $2

million contract Friday to install its solar-pumping system at a California

citrus ranch.

Quentin T. Kelly, WorldWater chairman and CEO stated that the solar-pumping

system being installed was the largest irrigation system of its type ever

installed. The AquaMax will drive a 200 horsepower pumping system at the


According to WorldWater, state financial incentives coupled with the high

cost of energy made the deal work for the citrus rancher. But California is

not the only state offering incentives and WorldWater let investors know it

after announcing their strategic initiatives Aug 30.

According to its plans, WorldWater is focusing in markets where it can take

advantage of both state and local municipalities financial incentives and

in some cases that makes government itself a candidate.

After pulling off some substantial projects like California’s Cerro Coso

College, where its solar-powered pumping system generates 60 percent of the

school’s electricity requirements. Or the world’s largest solar-powered

refrigeration compressor system — a 350-horsepower hydracooler at a potato

processing facility.

The citrus ranch project caps off a great start for the period, racking up

sales of $2 million from that project verses $3.3 million for the 2nd

quarter, which was announced Aug 20. At the time of that announcement

WorldWater reported sales of $4.1 million for the first half, up an

incredible 262% over the same period last year.

Kelly’s company emphasized that it was pursuing customers in New York

through a collaborative agreement with 1st Rochdale Cooperative, one of the

oldest and largest electricity cooperatives in the United States. The

company hoped to pursue international projects through an agreement with

Kirloskar Brothers Ltd., of Pune, India, the largest pump and motor

manufacturer in India, though foreign sales may be long in coming due to

WorldWater’s own limitations as a small, developing enterprise.

Further agricultural applications are expected to develop, especially on

the West Coast, which has been facing fluctuating energy rates and drought

conditions that when coupled with the high cost of fuel makes alternative

fuel sources, like WorldWater, all the more appealing.

In a story released in August, Source Press covered the alternative energy

markets, citing a rising demand for products like WorldWater’s AquaMax

solar-pumping system, capable of driving pumps as large as 600 horsepower.

According to the company, the nearest competitor can only drive a 50

horsepower pump. The dramatic increase in capability is what appears to be

the cornerstone of WorldWater’s success.

More news on the investment horizon for the alternative energy sector can

be found at AXcess News: This is an excerpt

from the complete story.

About AXcess News:

Dubbed the “Yahoo! of small cap business news” by Gordon Borrell, one of

America’s leading media and research gurus, AXcess News is fast becoming a

known commodity for both the serious investor and people in general looking

for informed articles and insightful columns.

Media Contact:

Eric Stevenson

Of AXcess News