EnviroMission (ASX:EVM and OTCBB:EVOMY) is developing Solar Tower renewable energy technology on a global scale. EnviroMission, which owns the global license to Solar Tower technology (excluding China), has shifted its development focus to the South West of the United States of America . A single power station development will have the capacity to supply renewable energy to more than 100,000 typical American households or remove the equivalent of 220,000 typical motor vehicles from the roads *.
* A typical motor vehicle emits approximatley 4.5 tonnes of Co2 per annum “Cantor Fitzgerald’.
EnviroMission made an offer to acquire a majority holding in the securities of SMT to enable EnviroMission to commercialize Solar Tower technology globally, including large markets outside of Australia.
In May 2009, the company’s U.S. subsidiary, EnviroMission (USA) commenced operations. The establishment of a US headquarters in Phoenix will provide financial and resource efficiencies from localized business operations. EnviroMission (USA), Inc. will lead briefings and interactions with power authorities and councils in the southwest, as well as analysts and the finance sector within the US to provide real time business advantage for development success in the region.
Solar Tower Technology will abate approximatley 528 million gallons of potable drinking water per year – water that is typically associated with tradional power generation methods.