GWS Shareholder Update Summary
GWS Technologies Inc. (GWSC) shares moved higher after President and CEO Richard Reincke issued a shareholder update via an audio interview with investor relations firm SmallCapVoice.com.
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GWS Technologies Inc. [[GWSC.OB]], an alternative energy provider, issued a shareholder update via an audio interview with investor relations firm SmallCapVoice.com. During the interview, President and CEO Richard Reincke offered insights into the land rush in Arizona along with new emerging solar technologies that could change the business.
Mr. Reincke views the Obama administration’s alternative energy incentives as fuel for a solar farm boom that is happening throughout the United States. These incentives are being offered on the federal, state and local levels to commercial and residential customers in the form of tax credits, accelerated depreciation, and more. View Complete List of Incentives.
Arizona is seen as one of the largest opportunities for solar farms, as it is sixth in terms of solar installations per capita with the highest solar exposure in the United States. In fact, the state is experiencing a land rush as public utilities and speculators alike are purchasing properties to take advantage of the trend. However, Mr. Reincke warns it’s not as easy as it sounds.
Land purchasers must take into account the topography, proximity to the grid, and deal with problems like the NIMBY (“not in my back yard”) effect. However, those that are able to successfully identify and acquire properties could be sitting on virtual gold mines as the government has suggested that 10% of all electricity come from renewable sources by 2012.
Finally, Mr. Reincke noted that solar technology is also rapidly improving, from thin film technologies to new micro-inverters. One of the key technical problems with solar technology is the conversion from direct current to the alternating current used in standard outlets. Technology like micro-inverters can help make this process more efficient and profitable.
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