Alternative Energy Partners' (AEGY) Xnergy Completes Fuel Cell Project At Cox Communications

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Source: Marketwire

MERRITT ISLAND, FLORIDA -- (Marketwire) -- 02/10/11 -- Xnergy, a subsidiary of Alternative Energy Partners (OTCBB: AEGY) announces that it has completed the engineering and installation of four fuel cells at two Cox Communications sites.

Xnergy's turn-key fuel cell project involved engineering and installation of four next-generation fuel cells totaling 1.6 megawatts (MW). The UTC Power Fuel Cells were installed at Cox Communications' San Diego headquarters, as well as its Rancho Santa Margarita (CA) sites.

The two 800 kilowatt (kW) installations will generate enough onsite power to reduce Cox Communications' dependence on the local power grid, and will help dramatically minimize its carbon footprint. One of the fuel cells will provide 100% of the electrical load for one building, while the second will provide nearly 60% of the electricity required for Cox's main building in San Diego.

The 1.6 MW combined fuel cell system adds to Xnergy's extensive portfolio of over 80 MW of engineered, installed, and commissioned alternative energy projects.

Justin Miller, Director of Business Development at Xnergy says, 'Aside from the economic and environmental benefits that the project will provide, the installation is a great opportunity for Xnergy to showcase its ability to integrate the tried and true technology of fuel cells for forward thinking companies like Cox Communications.'

Cox Communications will receive $3.6M from California's Self Generation Incentive Program (SGIP). In addition, the company will qualify for a tax credit under the federal Business Energy Investment Tax Credit; the credit is worth 30 percent of the purchase and installation costs of the system.

Fuel cell technology is becoming more popular for its ability to can generate heat and electricity 24 hours a day, making them more appealing to some businesses than wind and solar power, which can significantly vary due to weather conditions. For companies such as Cox, i.e. organizations that require constant energy usage to operate and serve customers, fuel cells are an energy source that can meet their needs well.

'Cox Communications is extremely proud to be able to make such a positive impact on our environment and help encourage other businesses to implement eco-friendly initiatives. We were proud to do this project with local partners such as Xnergy,' said Cox Communications Senior VP and General Manager Bill Geppert in remarks made at the ribbon-cutting ceremony for the project.

According to Xnergy, the fuel cells installed for Cox Communications are capable of generating enough onsite power equivalent to planting 1,236 acres of trees, powering 1,204 homes annually, and saving nearly two million gallons of water per year.

About Xnergy

Xnergy is an award-winning engineering, construction, and alternative energy leader. It has been rated the #1 Alternative Energy Provider by the San Diego Business Journal, and has extensive experience with construction of biotech, medical device, semi-conductor, high tech manufacturing and other critical care facilities. Xnergy is a member of the United States Green Build Council and is led by LEED Accredited professionals. For more information please visit http://www.xnergy.com.

About Alternative Energy Partners (AEGY)

AEGY is a portfolio of energy solutions businesses servicing organizations of all sizes. Its companies include: Xnergy (xnergy.com), Shovon, LLC (shovon.com), and Skynet Energy Systems, Inc. Alternative Energy Partners is publicly traded on the NASDAQ OTC Bulletin Board (OTCBB: AEGY). For more information please visit AEGYPartners.com.

Contacts:
Xnergy
Bryant Edleson
760-438-7676
bryante@xnergy.com
www.xnergy.com

Alternative Energy Partners
Christina Bishar
mediacontact@AEGYPartners.com
www.AEGYPartners.com

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