Date: 27 December 2005
Barnabus Energy, Inc. (OTCBB: BBSE), a California-based company that specializes in renewable energy projects, has just been contracted by The Academy to develop and install the system as part of an extensive rebuilding project in Golden Gate Park. The new system will generate in excess of 213,000 kilowatts of electricity and will directly offset power that would have been supplied by the local electric company.
Designed by Pritzker Prize winning architect Renzo Piano of Genoa, Italy, the Natural History Museums new building will include a Barnabus Energy-designed PV canopy that will fully circumnavigate the building. Each of the 720 custom-built PV glass laminates is designed to have the highest conversion efficiency available at 20%. Once completed, the new Academy promises to be a symbol of environmental architecture and sustainable design.
Barnabus Energys President, David Saltman, said, This is a great solar energy investment for The Academy. The photovoltaic (PV) system and other environmental features of the project will prevent the release of over 400,000 pounds of Co2, the equivalent of planting 340 trees. The Company is providing a full scope of services on the project including PV module and system design, material manufacture and procurement, as well as system commissioning and documentation. The project will also utilize SolarSave roofing membranes supplied by sister company, Solar Roofing Systems.
With oil and gas prices hovering at near-record prices, recent energy stock investment articles in Fortune (12/26/05), USA Today (12/19/05), and CNN/Money (11/05/05) continue the discussion about the growing trend to invest in alternative energy to help lessen the worlds reliance on oil and gas.
Barnabus Energy, Inc. (BBSE) is currently acquiring projects within the renewable energy sector encompassing diverse aspects of the industry. The Company has closely aligned itself with key strategic partners that will move themselves forward towards future acquisitions and growth.