Nobel Prize-winning physicist Steven Chu

Chu Promises to Tackle Climate Change and Seek Energy Independence
Tuesday, January 13, 2009

Here are some NEW quotes from Nobel Prize-winning physicist Steven Chu, nominated by President-elect Barack Obama to head the Energy Department. The SkunK set some text in bold blue that he believes may have direct application to GERS' future.

". . . he was optimistic that ways can be found to make coal a cleaner energy source by capturing its carbon dioxide emissions."

". . . climate change is "a growing and pressing problem" and the nation's dependence on oil represents a threat to the U.S. economy and security."

But Chu, when pressed by senators, also said coal must not be abandoned as a primary source of energy, although he promised that research into capturing carbon emissions -- pollution linked to climate change -- would be pursued aggressively.
http://www.foxnews.com/politics/2009/01/13/chu-promises-tackle-climate-change-seek-energy-independence/

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What exactly are the rights held by Greenshift in this Algae Carbon capture/bioreactor field?? We go back to 2005 to see this:

GIDC's [GreenShift Industrial Design Corporation, now wholly owned by Greenshift] license with Ohio provides for non-exclusive rights to the technology for the purpose of air pollution control of exhaust gas streams from electrical utility power generation facilities, and exclusive rights to the technology for the air pollution control of exhaust gas streams from all other sources, including mobile applications, and to process carbon-containing compounds from any other source.
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20051212005469&newsLang=en

The way the SkunK reads this - Greenshift can use this technology anywhere - They have the exclusive rights at ethanol plants and other fermentation areas. This is obviously their preferred point of commercialization. However, they also have non-exclusive rights in the huge clean coal electric utility area. If they could acquire new patents based on further refinements by Greenshift engineers, they could then gain market protection and exclusivity to their process in this huge market area. This is more than just a SkunK flight of fancy. Remember the previous blog on the recent grant? Greenshift's Algae Bioreactor grant will be used to explore the clean coal carbon capture in Montana.

SkunK