REDONDO BEACH, USA: 5G Wireless Communications, Inc. has signed a strategic alliance agreement with Magnegas Corp. that sets the framework for the joint commercial development of Magnegas Refineries powered by alternative sources of electricity such as wind, solar, or both.
The goal of the project is to commercialize the production of clean burning hydrogen-based fuel powered by the sun. The projects would be solar or wind powered, or a combination of the two.
5G Wireless CEO, Bo Linton, stated: "As the former President of Magnegas Corp., I am thrilled about the opportunity to work with Magnegas to construct as a first project a solar powered Magnegas refinery. I am confident the Magnegas Refinery is the best available technology for converting liquid waste into clean burning fuel. Our goal is to take it one step further and power the refinery with solar power creating a virtually infinite fuel supply supporting America’s efforts to achieve true energy independence.”
Rich Connelly, president of Magnegas stated: "Magnegas has been seeking an alliance to take advantage of the many synergies between wind or solar power and the Magnegas Refineries. We are confident that we have found the correct alliance in 5G to take the technology to the next level producing a hydrogen based fuel from the sun or wind."
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