808 Renewable Energy Corporation (OTCQX:RNWR) announces an increase in production in the third Quarter to 1.4 Million-Kilowatts from a 2nd Quarter amount of just less than 1 Million-Kilowatt hours
GARDEN GROVE, Calif., Oct. 8, 2014 /PRNewswire/ -- 808 Renewable Energy Corporation (OTCQX: RNWR), today announced a 43% increase in total kWh of electricity generated in the 3rd Quarter 2014, compared to prior Quarter. The Company projects that the robust production growth will continue over the 4th Quarter due to the expected reactivation of several more of its CHP systems. The Company's CHP systems produced over 1.4 million-kilowatt hours in the 3rd Quarter of 2014, compared to less than 1 million kilowatt-hours in the 2nd Quarter of 2014.
"We are proud of our results and are looking forward to another breakthrough year in 2014," states Patrick Carter, the Chief Executive Officer of 808 Renewable Energy. "There is an urgent need among our public and private customers for cost-effective, carbon-neutral energy solutions. Our increased production validates our commitment to seize this opportunity and to reward our investors with significant returns in the long run."
808 Renewable Energy currently owns and operates 22 CHP energy systems in 6 sites spread across San Francisco Bay Area and Southern California. The Company is California's leading CHP owner/operator of CHP systems under 1.5 MW, supplying the public and the private sectors with eco-friendly, cost-effective electrical and thermal energy.
For further information and updates on 808 Renewable Energy OTCQX: RNWR), its trading status, completed projects and services offered, please visit: www.808renewableenergy.com. 808 Renewable Energy can also be found on Twitter (@808RenewableEnergy), as well as on the Web and Social Media, via the hashtag #WeAreInvested.
Forward Looking Statements
Statements contained in this press release may contain forward-looking statements. Any historical facts stated is faithfully represented as of the date these statements are released. Any expectations about the projected production are based on current projection and may substantially change under unforeseen events and/or circumstances in the future. The Company is not obliged to update the forward-looking statements provided for any events that occur or any circumstances that exist after the date this statement are published.