SOURCE: Kender Energy Inc.

May 21, 2010 08:00 ET

Kender Energy Applies for Solar Energy Subsidies & Grants

GENEVA--(Marketwire - May 21, 2010) -  Kender Energy Inc. (PINKSHEETS: KNDR) today announced that it has initiated the request for subsidies and grants with several governmental, universities and private programs for the rollout of its technology in the USA and other countries.

The technology of Kender Energy is now sufficiently advanced for applying and receiving government grants for solar projects. These advances have triggered a first application by Kender Energy for a grant under the California Solar Initiative.

The California Solar Initiative or CSI ( has a goal to create 3,000 MW of new, solar-produced electricity by 2016, moving the state toward a cleaner energy future and helping lower the cost of solar systems for consumers. The CSI statewide budget is $3.3 billion over 10 years. The following areas are of particular interest to the CSI: Testing and demonstration of new solar technologies with improved performance/reliability or lower costs. A total of up to $15 million worth of grants for early stage projects is expected to be available under this program.

Kender Energy also anticipates that the subsidies in the State of California will become more frequent for solar and wind projects, as Gov. Arnold Schwarzenegger on Monday withdrew his support of a plan to expand oil drilling off the California coast, citing the massive oil spill that resulted from a drilling rig explosion in the Gulf of Mexico.

Other solar subsidies will be sought, in the US and in Europe in the coming weeks and months.

About Kender Energy Inc.:
Kender Energy Inc. is a development phase company active in the field of solar energy. Its present prototypes of solar panels are being developed into a full-scale solar energy production system. The particularity of the Kender solar panel system and technology is to allow, via a closed circuit of gas (usually helium), to create a heat exchange with the sunlight and the air from the environment. The exchange generates the spinning of the helium gas in the closed circuit, propelling a turbine, which produces electricity in a 100% clean and renewable process. The system's main advantages are that it is efficient, cheap in production, and modular. The company is based near Geneva, Switzerland. Its Website is

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