BOISE, Idaho, July 8, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) today announced its subsidiary Energy Neutral™ has been nominated for the Idaho Smart Growth award. The award sets the company apart from others in its construction techniques and use of renewable energy to create livable environments that maintain and enhance the idea of sustainable communities.
"This is a great honor to be publicly recognized for the work we've been doing with AEHI and Energy Neutral™. The very reason we started Energy Neutral™ was to show that proper planning and reliable use of renewable energy sources would result in a better, more productive building process—one that would create sustainability at an affordable price. In doing so, we've proven that anyone can take part in the process of making our communities cleaner and healthier," said Don Gillispie, AEHI CEO.
"Energy Neutral™ unveiled its first model home in March 2010, which has consistently demonstrated it can create more power than it actually uses. In addition to bringing together state of the art technologies at low cost for our Energy Neutral™ homes, we have expertise in siting locations that provide added energy saving benefits. This home's convenient location, close to shopping areas, public transportation, and the freeway, will aid in reducing vehicle emissions. The eventual owners will have more opportunities to leave their car at home when they go to work, stores, or recreation."
"The Energy Neutral™ home is about being smarter stewards of the communities and environment we live in. It is the very reason we've been approached by builders from across the nation who are now looking to franchise with Energy Neutral™. We are able to provide them with an entirely new way to look at new home and commercial construction and I am hopeful this will be a strong contributor to the real estate market as more business and home owners come to recognize the Energy Neutral™ vision," said Gillispie.
Energy Neutral's™ latest project involves a subdivision in west Boise in which similar building techniques are being used, including the use of renewable energy sources, which will provide clean carbon-free power back to the electrical grid.
About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) -- Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral™, which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water™, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.
"Safe Harbor" Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.