HOUSTON, Aug. 25, 2009 (GLOBE NEWSWIRE) -- Biotricity Corporation (Pink Sheets:GWND) announced today that it has leased a location in Houston, Texas for the construction of its first power plant to generate electricity from biomass. The lease is part of a 79 acre power station originally built by Reliant Power, now RRI Energy and is now being developed into the Houston Clean Energy Park.
The facility is located in Central Houston just minutes from downtown and the medical center, and adjacent to a 500 MW CenterPoint Energy switchyard with ready access to the Texas ERCOT grid. Biotricity expects to install a 5-10 MW power plant at this location once financing is secured. The location provides Biotricity with the primary infrastructure necessary to connect to the electrical grid which substantially accelerates our timelines.
"Securing this location gives us the ability to connect to the electrical grid and benefit from millions of dollars of existing infrastructure," stated Tyson Rohde, CEO. "With this facility, we will be able to deliver green electricity much faster and at a lower cost than if we were located elsewhere," he noted.
Biotricity has developed a new combustion technology for the burning of woody biomass to generate electricity to address America's growing demand for green power. Biotricity will generate green power from renewable energy sources and expects to reduce carbon emissions that would otherwise result from the natural decay of the biomass it burns.
The Company is designing a proprietary Biotricity Power Station to produce electricity from biomass such as wood chips, sawdust, waste paper, and other organic matter by processing biomass and burning it in a soon to be patented combustion chamber to power a turbine and generate electricity.
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