"The Green Roadway" Endorsed By Route 66 Alliance

Mon Jul 6, 2009 2:36pm EDT
 
[-] Text [+]
National Rollout Coming Soon 

Passage of Energy Bill Increases The Value of The Green Roadway
SANTA MONICA, Calif.--(Business Wire)--
Gearing up for its national rollout, The Green RoadwayTM Project demonstrated
its new clean energy technology on old Route 66 and received the endorsement of
the Route 66 Alliance. 

At a sunny gathering of environmentalists, transportation enthusiasts and
technology experts at the western end of America`s iconic highway, the Route 66
Alliance formally endorsed "The Green Roadway" -- a set of patented solutions to
produce renewable energy along roads -- with a sample micro-demonstration system
of solar panels supplying clean energy to an electric vehicle. 

"We`re thrilled to be a part of this melding of history and innovation," Jim
Conkle, Chairman and CEO of the Route 66 Alliance, said at the Santa Monica
event. "This technology will only further the legacy of this historic highway.
The future of Route 66 looks much brighter because of our relationship with The
Green Roadway" 

This month, the Green Roadway Project`s patented technology portfolio
(www.thegreenroadway.com) will be made available on a state-by-state basis
throughout the United States. Auction house ICAP-Ocean Tomo (www.oceantomo.com),
will conduct a private sealed bid auction on July 24 for exclusive licenses to
bring The Green Roadway technology to each state. 

The Green Roadway is a comprehensive end-to-end system of unique installations
and configurations for creating, gathering and distributing solar, geothermal or
wind energy along roadways. The technology could be implemented on the
right-of-way along interstate highways, local roads and even railways. The new
energy bill passed by the House requires reductions in carbon emissions and
establishes "Cap & Trade," which makes The Green Roadway well-positioned, as The
Green Roadway has the potential to generate billions of dollars worth of offset
and tax credits as installed systems. The systems also seize on another tenet of
the energy bill by providing power and technology to electric vehicles and
charging stations. 

"Our roadways are a significant source of CO2 emissions. It is time to take this
opportunity and use them instead as a space for clean renewable energy," said
Kelly Meyer spokesperson for The Green Roadway and an environmental leader. "The
Green Roadway is an important step in that direction." 

The groundbreaking patent portfolio is lauded in two new independent research
publications that place Genedics Clean Energy, LLC, in the top five companies
worldwide for the creation of key solar technology over the last five years as
well as for clean energy patents in Q1 2009, along with Boeing, United
Technologies & Kyocera and ahead of Nissan. The research was carried out by the
Kalki Energy Report and the first quarter 2009 Clean Energy Patent Growth Index
(CEPGI). 

The inventors of The Green Roadway, Gene Fein and Ed Merritt have created unique
methods of harnessing alternative sources of energy, with low incremental cost
and high cohesion with existing energy infrastructure. The Green Roadway serves
as the backbone for the creation of new nodes connected to the smart grid system
to provide flexibility and convenient distribution of clean energy. 

About Genedics Clean Energy, LLC

Genedics Clean Energy, LLC was founded by Gene Fein and Edward Merritt, who have
filed more than 100 inventions. Over 70% of these inventions have already been
successfully licensed to Fortune 100 companies. On July 24, Ocean Tomo will
conduct a private sealed bid auction for exclusive licenses to bring The Green
Roadway technology to each state.

About the Route 66 Alliance

The Route 66 Alliance, an endorser of The Green Roadway, is a foundation
designed to preserve and support programs and projects that benefit the entire
length of Route 66 from Chicago to LA. This is accomplished through the
development and distribution of new resources to worthy, qualified organizations
that share its vision and mission.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6000938&lang=en





for Genedics Clean Energy, LLC
Chris Nishimura, 415-296-2032
chrisn@solem.com


Copyright Business Wire 2009

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video