MINEOLA, USA: Clear Skies Solar Inc. (CSS), a full-service renewable energy provider to commercial, agricultural and residential clients, today announced it has received patent awards from both the Hong Kong and Chinese governments.
The patent awards we received are for our XTRAX wireless data monitoring system that is held by our majority owned subsidiary, Carbon 612 Corporation. Carbon 612 was established for the purpose of housing our developing technologies related to renewable energy.
The XTRAX unit was specifically developed to collect and measure production data for the monetizing of residential and sub-fifty Kilowatt commercial markets, but it has evolved into being available for licensing in other markets such as water and oil management. The award of these patents open an enormous market for CSS & Carbon 612 in which to operate.
Our XTRAX technology is the lowest cost data monitoring system that we know of on the market today and has already passed difficult stages of ANSI testing. ANSI, the American National Standards Institute, is an independent laboratory that sets the bar for accuracy in reporting for the electric metering industry. The ANSI testing reports have shown our technology operating with an accuracy of better than plus or minus 1/4 of one percent, or 0.18 percent. This makes XTRAX valuable for investors as well as utilities.
Investors will be able to affordably monetize smaller systems while utilities and SREC (that is, Solar Renewable Energy Credits) traders can rely on the production data for this vast yet untapped market. Nationally, SREC programs are quickly becoming the standard tool for financing renewable energy systems. Currently, 63 utility and state programs provide performance based incentives (PBI) and 41 states and territories that have renewable portfolio standards or (RPS). Both programs require a technically accurate device for metered output of any given solar energy system.
The cost of XTRAX is under $150, and should be lower once full production is achieved. The residential and small commercial markets comprise the vast majority of installations in the USA as well as most other countries. More than 120,000 solar energy systems are in operation in the US to date and an increase of 30,000 during 2011 is projected.