Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CLNO, DWA, PWRM, HITK, CTAS, - Stock News! Cleantech Transit, DreamWorks Animation SKG, Power3 Medical Products, Hi Tech Pharmacal Co. and Cintas Corporation


clno_logo1_200x72 Cleantech Transit, Inc. (OTCPK:CLNO)

Cleantech Transit, Inc. previously reported the commencement of the final permitting prior to be able to go online at Merced. The Merced project is a 500 Kilowatt biomass-generated power plant that is fully constructed, owned and operated by Phoenix Energy. The Merced project received permission for parallel testing to the grid. This testing process will allow Merced to connect to the grid on its own.

The funding to be provided to Phoenix Energy for the commercialization of this biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government.

If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, CLNO will be entitled to receive its pro-rata share of 30% cash grant payments. ( Read More )