Valentia will invest in visionary EnviroMission Solar Tower renewable energy technology to grow its presence in commercial energy innovation.
Valentia considers EnviroMission's Solar Tower technology will be an important future energy contributor through large-scale power station capability that uses clean, sustainable solar energy for zero emission electricity generation. The firm intends to expand its overseas presence through a long-term comprehensive partnership with EnviroMission to capitalize on renewable energy growth opportunities primarily in the United States.
Once constructed, a Solar Tower will not require water normally needed for conventional power generation methods; making it superior for hot dry desert locations where limited water supply is typically a barrier to many other energy technologies.
Takeshi Ono, Chairman of Valentia, stated:
"The unique design of a Solar Tower causes solar heated air to constantly flow to drive turbines for power generation that will make a significant, non-polluting contribution to economic development and energy security without harm to the environment.
"The mega design with a 700 meter tower at the centre of a vast greenhouse canopy will be a must-see landmark of engineering ingenuity for future generations in the same way the Hoover Dam fascinates visitors to this day.
"Visitor and media interest is inevitable to promote the concept, so I think Solar Towers have the potential to be adopted elsewhere in the world"
Valentia sought independent consultancy from Maroi Shoji, principal of Shoji Investor Relations Advisors, who reported that:
"We will likely see a value migration in global renewable energy that will be far-reaching, and Valentia and its investors will be well positioned to capitalize on this disruption of the current power market."
"Valentia fully recognizes the significance of EnviroMission's key technology, and has pledged to source funds globally beginning with US$10M as a first tranche of aUS$110M commitment."