Renewable energy will be a part of the largest single source of electricity growth over the next couple of years thanks to technological innovation and a large emerging economy, according to an annual report from the International Energy Agency (IEA). The report highlighted the promises that renewable energy resources held for being a solution to producing electricity while also conserving the environment. “Renewables are poised to seize the crucial top spot in global power supply growth, but this is hardly time for complacency,” reoriented Fatih Birol, IEA Executive Director. “Governments must remove the question marks over renewables if these technologies are to achieve their full potential, and put our energy system on a more secure, sustainable path.”
It would seem as if the government is doing just that as Obama looks to finish his term bringing a large amount of awareness to the global climate and how humans are affecting it. This is good news for alternate energy companies as they see the demand for their products rising. One company, Sauer Energy Inc (OTCMKTS:SENY), has a multiple line of products ready to send out to the increasing demand. Having moved to a new 25,000 square foot warehouse in California, Sauer Energy Inc. will be able to produce more of their products while also lowering costs of production.
“This expansion to our new facility is a major turning-point for our company, and advances our vision to become a global leader in cost-effective, wind-generated technology,” stated President and CEO, Dieter Sauer. “It will also mark the start of actual production of our enhanced, high-efficiency WindCutter® vertical axis wind turbine (VAWT).” Over the last 90 days, Sauer Energy Inc (OTCMKTS:SENY) has been volatile seeing lows of $0.022 and a 450% difference to highs of $0.04. On Monday, SENY reached $0.022 again, more than tripling its average volume of 593,366 after trading more than 2.1million. The last time SENY was at this level it ended up jumping to those previous highs. As speculation continues to grow on the next step for the company, investor attention has begun to grow.