J
01-15-2004, 03:52 PM
You'll be seeing some new designs to replace some of the lower horse power equipment currently in use. See the press release below or check
www.railpower.com
Municipal concern about air pollution leads to emmision tax credits that get such projects off the ground.
VANCOUVER, Jan. 14 - RailPower Technologies Corp. (TSX_VEN: P) and Railserve, Inc. announced today that an application to qualify seven hybrid locomotives for funding under the Texas Emissions Reduction Program ('TERP'), has been successful.
Now, six 1,000 horsepower equivalent Green Kids and one 2,000 horsepower equivalent Green Goat(R) will be built as a sales order for Railserve, subject to finalization of contracts, for future deployment in Railserve's customer sites in Brazoria County, Texas. The TERP funding, when fully applied, will significantly subsidize the cost of the locomotives for Railserve.
RailPower(R) President and CEO, Jim Maier said "This will be our first confirmed major sale once contracts are finalized. The TERP funding jump_starts the introduction of our emissions_reducing hybrid locomotives into what is one of the most polluted regions in the US, the Houston_Galveston area. The hybrids can make very real contributions to reducing smog_precursor NOx. Many yards and lines in the Houston_Galveston area either abut residential areas or run through them. Texans can not only potentially benefit from the dramatically reduced NOx and particulate levels, but also the considerably lower noise levels from our hybrid locomotives."
www.railpower.com
Municipal concern about air pollution leads to emmision tax credits that get such projects off the ground.
VANCOUVER, Jan. 14 - RailPower Technologies Corp. (TSX_VEN: P) and Railserve, Inc. announced today that an application to qualify seven hybrid locomotives for funding under the Texas Emissions Reduction Program ('TERP'), has been successful.
Now, six 1,000 horsepower equivalent Green Kids and one 2,000 horsepower equivalent Green Goat(R) will be built as a sales order for Railserve, subject to finalization of contracts, for future deployment in Railserve's customer sites in Brazoria County, Texas. The TERP funding, when fully applied, will significantly subsidize the cost of the locomotives for Railserve.
RailPower(R) President and CEO, Jim Maier said "This will be our first confirmed major sale once contracts are finalized. The TERP funding jump_starts the introduction of our emissions_reducing hybrid locomotives into what is one of the most polluted regions in the US, the Houston_Galveston area. The hybrids can make very real contributions to reducing smog_precursor NOx. Many yards and lines in the Houston_Galveston area either abut residential areas or run through them. Texans can not only potentially benefit from the dramatically reduced NOx and particulate levels, but also the considerably lower noise levels from our hybrid locomotives."