Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Hydropower is the largest source of renewable energy. This renewable source of energy provides 10% of the nation's electricity. As of now, there are 77,000 Megawatts of hydropower, enough to provide 35 million homes with energy. Converting flowing water into usable energy produces hydropower. Most of this water comes from rivers and is released through turbines to produce energy. Although this power source does not release pollution, it can possibly harm fish and wildlife, displace people, and alter the quality of water. Better technology is trying to reduce the loss of aquatic life, but the problem with this technology is that it is highly expensive and takes a long time to build.