SOURCE: Building Turbines, Inc.

Building Turbines, Inc.

June 03, 2013 09:16 ET

Industry News: Google and Warren Buffet Invest Billions Into Wind Energy; BLDW Has Potential to Attract Major Players

AUSTIN, TX--(Marketwired - Jun 3, 2013) - Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and manufacturer of patented, innovative commercial rooftop wind turbine systems has received further validation of the earning potential, visibility, and ecological importance of the emerging wind energy market on the heels of Google Corp.'s research division "Google X" and Warren Buffet's announcements of recent, sizable investments into the wind energy companies.

Google X recently announced that they have acquired California based Makani Power for $110 Million. Makani produces energy through cable tethered "flying wings" and represents Google's interest in developing alternative wind energy with a sizable dollar investment. Since 2010 Google's research division has made 11 renewable energy investments of comparable sizes including $200 Million into "Spinning Spur" wind farm in the Texas panhandle and investments into Atlantic Wind Connection for offshore grids designed to capitalize off wind energy.

Legendary mogul Warren Buffet has recently been dubbed a leader in wind energy investments after spending $1.9 Billion on wind farm projects in Iowa and has been well known for his investments into the alternative energy sector in the past two years. Additionally, his megastar energy company MidAmerican began building wind turbines in 2004 bringing his current total investments in wind energy to date to $5.4 Billion.

"BLDW sees promise in market trends which lean to the most successful investors the world has ever seen taking interest in their market. With Texas being the number one state in America for wind energy harvesting and production the idea of major players snooping about for companies to acquire has gone from small business dream to big market trend. Especially exciting is that our turbines are DG (distributed generation), meaning the power is produced where it is consumed, not in some field or over the ocean," according to John Graham, CEO

About Building Turbines, Inc.
Based in Austin, Texas, Building Turbines, Inc. is focused on the design and manufacture of patented rooftop wind turbines, as well as vertically integrating into other renewable energy solutions to complete the total green energy solution for an urban environment.

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The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact Information

  • Contact:
    Investor Relations:
    Dave Zembek
    615 426-2565