Commercial & Residential Solar Solutions

Energy Industry Update: March 16, 2010 Outlining Positive Jobs Impact a National Renewable Electricity Standard Would Have

XsunX, Inc. (OTCBB:XSNX), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, updates its shareholders on a study sponsored by renewable energy trade groups that outlines the impact a national renewable electricity standard (RES) would have on the United States job market.

Navigant Consulting recently released a study titled, Jobs Impact of a National Renewable Electricity Standard that predicts 274,000 news jobs would be created by adopting a national requirement, or renewable electricity standard (RES), that mandates all U.S. utilities take 25 percent of their electricity supplies from renewable sources, such as solar and wind, by 2025.

I believe the job creation numbers estimated in the article, though pointing to substantial growth, are possibly underestimating the number of jobs that would result from a national RES, said Tom Djokovich, CEO, XsunX Inc. “While the jobs created along the entire manufacturing chain would be substantial, the opportunities to generate new industry jobs or even just expand existing operations for engineering and service providers will grow dramatically. Factor in the 25 percent of power that utilities will be required to use from renewable sources, and youve got a recipe that will require the deployment of massive and wide spread infrastructure, producing a long-term job creation effect. Additionally, there are the new job opportunities related to research and develop efforts as more private and government dollar flow into the sector.

Green groups say that such a national standard – already implemented in countries including Germany, Spain, France and China – is expected not only to spur job creation but also give foreign investors the confidence to sink money into the U.S. States including Arizona and Oregon have already enacted aggressive state-wide RESs and, as a result, theyre benefiting from foreign capital with Germanys SolarWorld establishing North American headquarters in Hillsboro, OR and Suntech Power Holdings expected to build what will be the first American solar manufacturing facility by a Chinese company in Arizona.

In step with XsunXs efforts to improve the manufacturing methods of thin-film solar cells, the study forecasts more than half the new jobs created would be in manufacturing. Tom noted, The successful completion of our new thin-film manufacturing method for the production of CIGS solar cells could have a huge impact on the solar market as we believe our technology may prove to be an economical replacement to the use of silicon wafer technology.

With job creation at the top of the political agenda in our still-sagging economy, green groups such as RES Alliance of Jobs, are pressuring Congress to establish a national RES, pinpointing senators from 14 states who are considered swing voters on this topic. Those states include: Arkansas, Florida, Indiana, Iowa, Kansas, Maine, Michigan, Missouri, Nebraska, North Carolina, North Dakota, Pennsylvania, South Dakota and Virginia. Simply put, an RES would be a unifying attempt to seriously jump start the renewables sector, added Tom.

Safe Harbor Statement: Matters discussed in this news letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the

words “anticipate”, “believe”, “estimate”, “may”, “intend”, “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Related posts

XsunX Newsletter

Good Morning, September was an important month for us. We have been busy working...

XsunX Newsletter

Good Morning and Happy New Year, We hope the holidays were great for everyone....

XsunX Newsletter

Good Morning, In our last newsletter, we outlined that the start-up and calibration of...

XsunX Newsletter

Good Morning, Excellent progress and good news continues to follow us into November.  As...

XsunX Newsletter

Good Morning, This CIGSolar® tool build update provides the successful completion of a significant...

XsunX Newsletter

Good Morning, Although we have been very busy on the shop floor working on...

XsunX Newsletter

Good Morning, Last week XsunX provided shareholders and customers with news that it is...

XsunX Newsletter

Good Morning, Over the last few weeks, re-assembly and testing of the major CIGSolarTM...

XsunX Newsletter

Good Morning, With the delivery of the CIGSolarTM system to the new facility in...

XsunX Newsletter

Hope your 4th of July was packed with good times, Here at XsunX, July...

Leave a Comment

Leave a Reply