FOR IMMEDIATE RELEASE
BlackLight Power, Inc. Announces First Commercial License in Europe with GEOENERGIE SpA, Energy Subsidiary of Geogreen
Non-Exclusive License to produce up to 750 MW of continuous power
Cranbury, NJ (March 23, 2010)—BlackLight Power, Inc. (BLP) today announced its seventh commercial license agreement, and first in Europe with GEOENERGIE SpA, Energy Subsidiary of Geogreen. In a non-exclusive agreement, BLP has licensed GEOENERGIE SpA to use the BlackLight Process and certain BLP energy technology for the production of thermal or electric power in Italy. GEOENERGIE SpA may produce gross thermal power up to a maximum continuous capacity of 750 MW or convert this thermal power to corresponding electricity.
Geogreen is an Italian company founded in 2000 as RadiciGroup’s sole energy provider. Geogreen, through GEOENERGIE SpA and Geogreen SpA, is one of the leading suppliers of integrated products and services from the supply of electric power to the production of hydroelectric and thermoelectric energy (cogeneration) and the development of projects and businesses in the biomass, thermal and photovoltaic solar energy, eolic energy and gas sectors.
With consolidated sales of EUR 957 million, RadiciGroup is one of the most active Italian chemical companies at an international level. RadiciGroup’s diversified businesses operate worldwide with production and sales units located in Europe, Asia, North and South America focused on chemicals, plastics, and synthetic fibers. RadiciGroup’s products are the starting-point for developments in the clothing, sport, furnishings, automotive, electrical/electronic and appliances sectors.
For more information, please visit: www.radicigroup.com
About BlackLight Power
BlackLight Power, Inc. is the inventor of a new primary energy source and a new field of hydrogen chemistry with broad commercial applications. BlackLight Power has invented a new primary energy source with applications to heating, distributed power generation, central power generation, and motive power based on a new chemical process of releasing the latent energy of the hydrogen atom, the BlackLight Process. With over 8GW of power production now under license and having just successfully raised over $10M from institutional investors, BlackLight is well positioned to commercialize its transformational green technology.
For more information, please visit http://www.blacklightpower.com/
BlackLight Power, Inc.