SOURCE: Sky Power Solutions Corp.

June 24, 2011 16:05 ET

Sky Power Solutions (OTCBB: SPOW) Attracts Positive International Media Reports on Its Stand Alone, Residential Solar Power Generation System

MOORESVILLE, NC--(Marketwire - Jun 24, 2011) - Sky Power Solutions Corp. (OTCBB: SPOW) (, an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and developer of residential concentrated solar collectors is pleased that its recent announcement for the development of a stand alone, residential solar generation system combining advanced lithium ion battery technology received positive international media reports.


The residential solar power station will have the ability to reduce the average user's monthly electric grid consumption by up to 30-40% with ZERO emissions and a ZERO carbon footprint; using only the power of the Sun. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional Solar panels. The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is estimated to be $5,000 at release. Multiple units can be combined for increased capacity.

Electric consumption in the United States is increasing at a rate that will outpace the anticipated expansion of the US Electric Grid's capacity and Sky Power Solutions has identified this and is poised for expansion into the Residential Electric Power Generation market to allow end users to generate and return 30-40% of their electric usage back to the grid using "Net-Metering" and the Sky Power System.

The Energy Information Administration reports that the growth of electric generating capacity is expected to decline after 2012. A construction boom in the early 2000's saw capacity additions averaging 35 gigawatts a year, much higher than had been seen before. More recently, average annual builds have dropped to around 16 gigawatts per year creating a significant shortfall looking forward. Sky Power Solutions is geared to respond to this need with the development and potential sale of a Residential Stand-Alone, Solar concentrating, electric generation system.

Annual builds of new power plants are anticipated to drop significantly after 2012 and remain below 7 gigawatts per year until 2025 as reported by the Energy Information Administration. Increase in energy consumption is expected to far exceed the planned growth of capacity. Therefore we need to anticipate this and accommodate the demand.

Sky Power Solutions, the exclusive provider of advanced Lithium Ion battery technology to Li-ion Motors Corp for use in their all-electric, zero emission automobiles, has determined that growth in the consumer acceptance of all-electric cars will place an increased burden on the US Electric Grid while planned growth of electrical capacity is expected to decline.

Sky Power Solutions is working to meet this demand, and lower the grid consumption of users of our Residential Solar Generation System. This will augment the Electric Grid by producing and sending electricity from residential users' surplus into the grid. Users' electric meter will run backwards, not only reducing electric bills, but more importantly adding needed power to a stressed grid for the benefit of all.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.

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