CASTLE ROCK, Colo., Oct. 14, 2003 — Nathaniel Energy Corp., announced that it will build two 1800 Thermal Combustors under a contract, to be sold for a power plant fueled by refuse-derived fuel (RDF) in Cologna, Veneta, Italy.
Nathaniel Energy’s Thermal Combustors will produce six megawatts of electricity for the estimated $40 million renewable energy power plant. Five megawatts is to be sold to Italy’s largest electric utility Enel S.p.A., while one megawatt is to be used “in the fence” to operate the power plant.
Nathaniel Energy’s Chief Executive Officer Stan Abrams stated, “We’re committed to providing our clean energy solutions on a global basis and are delighted to introduce our Thermal Combustors to Italy. As the global demand for our technology has been recently increasing, this is a great start to the launch of our worldwide commercialization effort, to provide clean distributed electricity to utilities and industries.”
Italy is a burgeoning market for alternative and clean energy solutions, particularly after the massive countrywide power outages that left 55 million people in the dark last month. According to www.worldenergy.org, Italy’s governmental spending on renewable energy research and development has grown significantly in recent years, with an estimated $13 billion spent annually. The organization also reports that 50% of the world’s energy needs could be met by renewable energy by 2050.
Nathaniel Energy Corporation (www.nathanielenergy.com) is a renewable energy company that provides industry with an alternative energy equal to that of fossil fuels. Its proprietary patented technology, the Thermal Combustor, is a 2-stage gasification system designed to combust waste, biomass, tires and any other solid, carbon-based materials into inexpensive electrical and thermal energy, while exceeding the most stringent EPA and European Union regulations.