February 20, 200—International Automated Systems Inc. has signed a $150 million purchase and installation contract to install a turnkey 100-megawatt power plant for Solar Renewable Energy-1 LLC of Nevada, the company says.
The Nevada installation will showcase IAUS’ solar collector lenses, which generate steam to its patented turbines for solar thermal-generated power. Low-cost energy produced by IAUS’ new solar technology can be used to generate electricity or produce clean fuels such as hydrogen and green methanol (gasoline replacements) at a competitive price, the company says. IAUS’ unique thin-film solar panels can be produced at a fraction of the cost of today’s photovoltaic solar panels.
Founded in 1988, International Automated Systems Inc. develops high-technology products for diverse markets such as energy production, wireless communications, consumer purchasing and financial transactions.
