Hybrid Energy Group Gets A Special Visit

DENVER, CO--(Marketwire - February 19, 2009) - Amid the hoopla at Tuesday's President Barack Obama's visit to Denver for the signing of the $787 billion American Recovery and Reinvestment Act, a Colorado renewable energy investment firm took pride in a job well done.
Denver-based Hybrid Energy Group (HEG) is the owner and operator of the solar array on the roof of the Denver Museum of Nature and Science, which President Obama and Vice President Joe Biden toured Tuesday during the bill-signing ceremony.

"It was a spectacular event for Colorado and the renewable energy industry, and we are pleased that our solar array was the backdrop to this important moment in history," said HEG President, Woody Beardsley. "The stimulus package will double the amount of renewable energy produced over the next three years and that bodes well for clean energy projects across America."

The $720,000 museum array includes 465 solar panels generating 134,500 kilowatt hours of electricity on average -- enough to power 30-35 homes. Under the terms of a twenty-year agreement, Hybrid Energy Group owns and operates the photovoltaic array, selling the solar electricity it generates to the museum. Namaste Solar was the installer on the project.

"We structured the development and ownership of the array so that an investment in solar energy was much more attractive to the museum," said Beardsley. "By working with HEG, the museum was able to acquire renewable energy for less than if it had purchased the array on its own."

The Museum solar project is the first in a broader Community Solar Program HEG is unveiling to provide solar power to non-profit institutions and governmental entities. "Our business model is designed specifically to benefit community institutions like museums, schools, and hospitals," said Ted Ramsey, HEG's Director of Energy Services. "These are community entities that are naturally committed to the President's long-term vision of health and sustainability, so we've designed our projects to pass as much value as possible through to them as system hosts."
The company is pleased to be achieving success during the economic downturn and recently closed a second financing round. "We're bullish on renewables," said Beardsley. "From what we can tell of the Stimulus Bill, more people are going to be in a position to take advantage of solar investment opportunities than were yesterday at this time."

About Hybrid Energy

Founded in 2005 to facilitate investment in renewable energy resources, Hybrid Energy Group is in the process of expanding their Community Solar Program for commercial, governmental, and non-profit entities and expects to develop an additional Megawatt (1mW) of solar power by the end of 2009. For additional information about HEG and the Community Solar Program contact, Woody Beardsley or Ted Ramsey at 303-495-2216 or visit http://www.hybridenergygroup.com/

Hybrids Not All They're Cracked Up To Be?

(Feb. 7, 2008) — Hybrid electric vehicles that run on both conventional gasoline and stored electricity can be no more than a stop gap until more sustainable technology is developed, according to researchers in France. They suggest that the adoption of HEVs might even slow development of more sustainable fuel-cell powered electric vehicles.

Jean-Jacques Chanaron Research Director within the French National Centre for Scientific Research (CNRS) and Chief Scientific Advisor at the Grenoble School of Management and Julius Teske at Grenoble, question strongly whether the current acceptance of hybrid vehicle technology particularly in the USA is in any way environmentally sustainable.
The researchers have analyzed the spread of this technology including the non-financial driving factors for its adoption. They point out that most manufacturers are rapidly integrating hybrid electric vehicles into their technology portfolio, despite the absence of significant profitability

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