Sunrise Solar has announced initial funds for the implementation of the Company's previously announced project to deliver solar power and heat to a U.S. BioDiesel manufacturing plant have been placed into escrow.
In October 2008, Sunrise Solar announced an agreement with a Brazil-based BioDiesel producer to provide solar technology to its manufacturing facilities, which produce BioDiesel from algae.
"Sunrise Solar sees the opportunity to use green energy to make BioFuels as a major step toward complete energy independence," noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp.
"In the past, many BioFuels companies consumed large amounts of fossil fuels in the manufacturing process."
"By using solar power to manufacture biodiesel, a truly green fuel will be available for transportation," concluded Austin.
The U.S. has trailed both Europe and Asia in solar technology development. Last year's soaring fuel prices woke Americans to the need to compete with China and Korea for the development of solar technology.
As it grows, SSLR will compete with more established companies such as First Solar, Kyocera and Sanyo.
Share This Article With Planet Earth
