Sustainable Energy Technologies Ltd.

Sustainable Energy Technologies Ltd.

November 25, 2008 12:51 ET

Sustainable Energy Posts Updates on Website

- The Last Ten Weeks - A Progress Update -

CALGARY, ALBERTA--(Marketwire - Nov. 25, 2008) - Sustainable Energy Technologies Ltd. (TSX VENTURE:STG), ("the Company" "STG" or "Sustainable") has posted several documents on its website for the benefit of shareholders and other members of the investment community.

- The Last Ten Weeks - A Progress Update: summarizes the important changes that are occurring within the Company since September 1 of this year.

- Inverters for Thin Film PV: is a Corporate Presentation which summarizes the dramatically changing supply side dynamics of the solar power industry and how they affect Sustainable Energy.

- Why the Sun is Not Setting on Clean Tech: Some Observations on Lower Share Prices and Other Frequently Asked Questions: provides a different perspective on the changing industry dynamics and why many in the popular media have misread the signals.

Solar industry supply side dynamics are changing dramatically and rapidly. These changes were not generally very visible, even to industry participants, until only a few months ago. The changes have created an opportunity for Sustainable beyond the scope of what might have been foreseen at this time last year. They have also significantly changed the dynamics for Sustainable Energy over the past 10 weeks.

The salient points covered include:

- Massive new solar module production capacity coming on line during 2009 is driving down PV module prices, but will accelerate industry growth.

- Demand for solar inverters will grow from $1.3 billion in 2007 to more than $5 billion per year in less than 3 years. Unlike other inverter companies, Sustainable has clearly differentiated proprietary technology with tangible advantages for well defined segments of the market.

- Lower cost/watt thin film PV will be a disruptive factor in the industry accelerating solar PV's move to grid parity in many markets. By 2012, thin film PV will represent 50% of all solar installations. By 2015 it could represent 2/3 of all solar installations.

- Sustainable's massively parallel design increases thin film PV yields by up to 20%, simplifies system design, and reduces balance of system costs, for rooftop and building integrated PV. Rooftop and building integrated PV will represent 70% of global solar markets by 2010.

- Industry response to the massively parallel concepts has been positive. Trials are being scheduled over the next three months in Germany, Taiwan, Spain, Greece and Canada. The thin film rooftop PV market will accelerate by the second half of 2009 and will grow to $1.5 billion per year by 2012.

- In Greece, contracted sales partners have permitted projects totaling more than 12 MW of crystalline module projects in the queue for pre-authorization by the government. The Greek government has finally moved to clarify feed in tariffs and capital subsidies; it is also implementing simplified and expedited processes for smaller (less than 20 kW) rooftop systems.

- Thin film modules have been secured for the roll out of rooftop "bundles" in Spain and Greece in Q1, 2009. Spain has mandated that a minimum 200 MW of solar installations for building based systems. Sustainable has partnered with one of Spain's largest construction companies for the roll out.

- Continued European and U.S. support for investment in solar PV infrastructure will be driven over the coming months by job creation and energy independence goals.

About Sustainable Energy

Based in Calgary Alberta, Sustainable Energy Technologies designs, manufactures and distributes power inverters for distributed solar PV markets.

Unlike conventional solar inverters, Sustainable's patented technologies enable solar panels to be installed in a "massively parallel" alignment, where each panel operates at its optimum power point. Massively parallel systems result in higher total system yields under real world conditions and enable solar panels to follow the shape of the building without compromising system output. Massively parallel systems also enable solar panels to be installed anywhere by anyone, eliminating the need for custom design specialists, and making solar more accessible and easier to install and maintain.

Forward Looking Information

The reader is advised that most of the information and the views expressed herein constitute forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements on the future size of the solar PV market and segments thereof as well as the size of the solar inverter market; statements concerning the impact of changes in the industry on our business prospects; and statements concerning the performance of our technologies. Except where expressly noted, the conclusions expressed represent management's perspectives on the industry and the Company's technology.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties, only some of which are described herein. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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