Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Plants are the most common source of biomass. They have been used in the form of wood, peat and straw for thousands of years. Today the western world is far less reliant on this high energy fuel. This is because of the general acceptance that coal, oil and electricity are cleaner, more efficient and more in keeping with modernization and technology. However this is not really the right impression. Plants can either be specially grown for energy production, or they can be harvested from the natural environment. Plantations tend to use breeds of plants that produce a lot of biomass quickly in a sustainable fashion. These could be trees (e.g. willows or Eucalyptus) or other high growth rate plants (such as sugar cane or maize or soybean).

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