The stock of VIASPACE INCORPORATED (OTCMKTS:VSPC) registered an increase of 43.75% in short interest. VSPC’s total short interest was 9,200 shares in July as published by FINRA. Its up 43.75% from 6,400 shares, reported previously. The stock increased 29.42% or $0.00068 on July 7, hitting $0.003. About 258,920 shares traded hands. Viaspace Inc. (OTCMKTS:VSPC) has risen 57.89% since December 10, 2015 and is uptrending. It has outperformed by 58.12% the S&P500.
VIASPACE Inc. is a renewable energy company. The company has a market cap of $6.40 million. The Company’s renewable energy is based on biomass in particular its license to an energy crop, Giant King Grass (GKG), which the Company is able to commercialize across the world, except for the People’s Republic of China (China) and the Republic of China (Taiwan). It currently has negative earnings. It focuses on GKG, a natural hybrid, non-genetically modified perennial grass which the Company is growing as an energy crop that can be used to generate low carbon and renewable electricity by direct burning in a biomass power plant, and can be made into pellets that can replace some of the coal in existing power plants.
Electricity produced from biomass accounted for 1.6% of the US’ total power generation in 2015, and to 11.3% of the total national renewable power output, the Energy Information Administration (EIA) said.
Biomass power generation grew to 64 TWh in 2015 from 56 TWh in 2010, mainly thanks to capacity additions in southern states such as Virginia, Florida, and Georgia. Nearly half of the biomass power output last year came from industrial sites outside of the electric power sector, such as pulp and paper mills.
Several states, especially in the South Census region, have increased their biomass power generation capacity. Such states have ample forest resources, while their wind energy potential is “generally poor” and the solar resources are “relatively unfavorable”, EIA explained. Thus, biomass emerges as the better option for renewable energy use.
The western part of the US also saw a notable increase in biomass in the last five years, with electricity generation from the source growing by 15% in 2010-2015. The main contributor was the state of California which has a few large plants helping meet its renewable electricity target.
May 23, 2016 | Jim Lane
By John Diecker, Lee Enterprises Consulting, Inc.
According to the Ministry of Energy, the sustainability of AEDP 2015 is based on five factors:
Renewable energy zoning reflecting potential supply and future demand;
Expansion of the power grid in renewable energy production zones;
Maintaining the country’s energy supply stability and renewable energy merit order;
Increasing community acceptance and participation;
and Increasing the usage of local content.
For electricity and heat generation from biomass, the government is expected to promote community-based projects through low-interest loans and other incentives. They have also expressed the desire to promote plantation-grown biomass from short-rotation crops such as Napier grass.
B10 biodiesel is expected to be commercially available by 2018. The use of B10 will then be mandated for government-owned vehicles while some type of tax incentives will probably be made available to incentivize private users. B10 is scheduled to be mandated in all diesel vehicles by 2026 at which time the government will begin promoting B20.
About the author:
John Diecker is a Thailand-based renewable energy consultant and, the Southeast Asia Regional Manager for Lee Enterprises Consulting, Inc.