Pink Sheets: W2 Energy Inc. (WTWO) news stock charts
W2 Energy Inc. (WTWO/WTWO.PK) Penny Investment Summary:
W2 Energy, Inc., a development stage company, focuses on the production of Fisher Tropsch liquid fuel from bio-mass feedstock and the co-generation of electricity via heat recapture from the process. The company intends to provide plasma assisted biomass to energy plants to produce green energy in the form of sulfur free diesel and electricity. It has strategic partnership with Aker Kvaerner ASA and The Drexel Plasma Institute. The company was founded in 1987. It was formerly known as World Wise Technologies, Inc. and changed its name to W2 Energy, Inc. in 2004. W2 Energy, Inc. is based Toronto, Canada.W2 ENERGY INC (WTWO:OTC)
Snapshot of W2 ENERGY INC (WTWO)
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OPEN
$0.01
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PREVIOUS CLOSE
$0.01
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DAY HIGH
$0.01
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DAY LOW
$0.01
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52 WEEK HIGH
08/5/09 - $0.05
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52 WEEK LOW
08/4/09 - $0.0025
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MARKET CAP
630.0K
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AVERAGE VOLUME 10 D
1.3M
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EPS TTM
$-3.29
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SHARES OUTSTANDING
63.0M
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WTWO Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for W2 ENERGY INC (WTWO)
W2 Energy Inc. announced that it has completed its production version of its high efficiency steam engine. The SteamRay is a high efficiency rotary steam engine that can be scaled to a number of different sizes just by adding rotor modules. W2 Energy will begin marketing skid mounted SteamRay generator sets ranging from 10-100Kw. The systems are designed to take advantage of waste heat applications as well as low side steam applications. There is an abundance of heat and steam recovery applications in North America and the Steam Ray is perfect for these applications that are too small or difficult to use traditional turbines. The SteamRay can utilize low side steam as low as 15 psi and still manage to create usable energy. Most commercial boilers used for heating schools, buildings etc. use steam ranging from 15-50 psi.
Coastal Capital Acquisition Corp. announced that it has signed a Joint Venture Letter of Intent with W2 Energy Inc. The scope of this joint venture is to design, construct and operate an Algae to Bio-diesel facility in the state of Florida. W2 Energy has an all in one Algae production that grows, harvests, and dries Algae for use in the production of Bio-diesel. This technology also creates a valuable by-product in dried Algae for feedstock.
W2 Energy Inc. and TOXCO Inc. announced that they have entered into a joint venture in which W2 Energy will take approximately 600 tons yearly of carbon cake and plastics generated in Toxco's battery recycling plant in British Columbia and will convert that battery waste into electricity and ultra low sulfur diesel. Through its Big Green Box program, Toxco receives batteries of all sorts from some of the large and environmentally progressive companies, municipalities and educational institutions in North America. Using a set of proprietary processes, Toxco safely strips the metals out of these batteries and sells it. Up until now Toxco has been sending the shredded battery cases to the landfill. W2 Energy will be taking this waste, primarily plastic and carbon, and converting it electricity and diesel fuel using a set of technologies developed over the last nine years. W2 Energy's technology will convert the hydrogen, carbon and oxygen which comprise Toxco's battery waste into a renewable source of fuel and electricity. W2 Energy will be building a mobile mass-to-energy unit which will fit on a single 45-foot truck trailer. Inside the truck will be a complete mass-to-energy plant which will process up to 4 tons per day of plastic and carbon waste. While this plant will require electricity to start it, once running, W2 Energy's low temperature gasifier and high efficiency steam engine will actually generate excess electricity. The resulting synthetic gas will be converted into liquid fuel. That fuel will either be used by Toxco or sold to a fuel blender for resale. The carbon and nitrogen oxides normally generated by combusting waste will be sequestered in the W2 Energy's algae reactor, in which various strains of algae will grow on these flue gases. The resulting algae will be gasified and turned into more fuel and electricity.
W2 Energy Inc. financial resources
WTWO Competitors
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| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | WTWO | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 10.2x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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WTWO transactions
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| No transactions in the last 6 months. | ||
Pink Sheets: More Recent Financial News About W2 Energy Inc.
W2 Energy Files US Patent for Algae System
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W2 Energy Files US Patent for Algae System
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W2 Energy Completes and Begins Marketing of Its SteamRay High Efficiency Steam Engine
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W2 Energy Completes and Begins Marketing of Its SteamRay High Efficiency Steam Engine
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Mayor Craig A. Moe Announces City of Laurel Partners With W2 Energy to Turn Garbage Into Clean Energy
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W2 Energy Partners With Toxco to Turn Old Batteries Into Energy
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Maryland's Gazette Newspapers Publishes Story About W2 Energy Joint Venture in Laurel, MD
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W2 Energy Continues to Expand Algae to Bio-Diesel Opportunities
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W2 Energy Receives National Recognition
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W2 Energy Presents Videos of New Technological Developments on Website
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W2 Energy's Laurel, MD Project Continues to Move Forward
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W2 Energy Initiates Funding Process for Clean Energy Projects
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W2 Energy Continues to Develop Its Business Plan
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W2 Energy Continues to Develop Its Business Plan
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W2 Energy Receives National Recognition
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W2 Energy Presents Videos of New Technological Developments on Website
Read article
W2 Energy Initiates Funding Process for Clean Energy Projects
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W2 Energy's Laurel, MD Project Continues to Move Forward
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W2 Energy Begins Negotiations to put Algae Oil Plants in the Caribbean
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Mayor Craig A. Moe Announces City of Laurel Partners With W2 Energy to Turn Garbage Into Clean Energy
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