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W2 Energy Initiates Funding Process for Clean Energy Projects

^{Published on 2009-11-16 05:58:28 - Market Wire}
 

TORONTO--(Marketwire - November 16, 2009) - W2 Energy, a clean energy company ([ www.w2energy.com ]) (PINKSHEETS: [ WTWO ]), is pleased to announce that on October 30, 2009, W2 Energy applied for an Innovative Clean Energy Fund (ICE Fund) grant from the Government of British Columbia, to help finance a waste-to-energy plant in Trail, British Columbia.

Toxco, Inc. ([ www.toxco.com ]), one of W2 Energy's partners and also one of the largest battery recyclers in North America, is located in Trail, British Columbia.

This grant if approved will help pay for the operation of a waste-to-energy plant which will take battery waste from Toxco's 70,000 square foot facility in Trail. W2 Energy is currently seeking additional feedstock for this plant, as Toxco only has 2 tons per day of waste to contribute, and a larger plant is more profitable. More information about this grant program is available at: [ http://www.tted.gov.bc.ca/ICEFund/CurrentCall/Pages/default.aspx ].

On Friday, November 6, 2009, W2 Energy applied for another grant, the Alternative Fuel Incentive Grant from the State of Pennsylvania. This grant, if approved, will help pay for a small coal-to-energy plant in the Pittsburgh, Pennsylvania region.

More information about this grant through the Pennsylvania State Department of Environmental Protection is available at [ http://www.depweb.state.pa.us/enintech/cwp/view.asp?a=1412&q=502176 ].

On the most recent episode of Forbes.com online technology show Breakout!, available online at [ http://video.forbes.com/fvn/breakout/a-landfill-eliminator ], W2 Energy management discussed its Letter of Intent with the City of Laurel, Maryland to take their municipal solid waste and turn it into green energy.

W2 Energy has already met with environmental officials of the State of Maryland and has another meeting planned in the next week in order to gain environmental approval to place a waste-to-energy plant in Laurel.

Remember that with a W2 Energy waste to energy plant garbage becomes a Renewable Resource.

W2 Energy trades in the United States on the OTC under the symbol "WTWO." For further information, please contact Mike McLaren at (519) 341 3185 or [ www.w2energy.com ].

NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and filings with regulatory bodies.