Alternative Energy Limited develops technology for distributed energy production, and it licenses and distributes other energy saving products and technologies. The company was launched on the London Stock Exchange in October, 2007 under the symbol ALR. The company is based in Singapore. It currently comprises several subsidiaries for various purposes.
The company’s operating subsidiary is Renewable Power Pte. Ltd. The firm is currently engaged exclusively in product and brand development. It’s primary product, branded as “eRoof,”is intended to be a roofing product that accomplishes several environmental objectives, while still meeting building standards commonly found in the developed world.
Beyond the normal capacities of a roof, the primary environmental objective of eRoof is to create power for the facility it covers. ARL envisions a system that includes both solar and wind power generation options, as well as a storage and management system, all of which is functional both on and off a power grid. The company also intends to create a paneling product that it brands “eClad” for the sides of large buildings, as well as a product that is functional for temporary structures. Eventually, it expects the eRoof product to contain a subsystem for collecting, managing and cleansing water for drinking and other uses.
Currently, in addition to developing eRoof, the company is participating in projects to improve the capabilities of LED lighting. The company is working on both a standard household lighting product it brands as “eLumen” and a street-light product it brands as “eLumen8.” Ultimately, the company hopes to integrate all of its technologies to develop a prefabricated solar home product, which it brands “eLive.”
Alternative Energy’s engineers are actively engaged in research on several parts of its ongoing projects. To this end, the company has established a subsidiary, Alternative Energy Technology Pte, to hold its intellectual properties.
It is worth noting the share price was on the rise at the beginning of 2011, but has fallen back after the latest Euro news.