Aiming to power the world with renewable energy sources within 3 years, the energy resources development firm Gladstone & McKinney announces that it is competing for the Saltire Prize, Scotland's $20M award created this year and jointly funded by the National Geographic and Sean Connery.
Determined Duo seeks $20M Renewable Energy Prize
Houston, Texas — May 16, 2008
Answering a challenge to run the world on renewable power sources within three years, the energy resources development firm of Gladstone & McKinney announced today that this firm has entered competition for the Saltire Prize, Scotland's twenty-million-dollar award created this year and jointly funded by the National Geographic and Sean Connery.
Gladstone & McKinney's founders — New York City energy researcher Ernest Gladstone and Houston businessman Robert McKinney — vow that they will beat the three-year prize deadline by two years, launching in 2009 a line of novel renewable energy products which will outdo fossil fuel performance while costing far less than fossil fuels. As
Gladstone notes, "The current price of fossil fuels is $114.00 a barrel and rising. That's just at the well-head: the moment it comes out of the ground. After that, costs of transport and distribution raise the price even higher. The world has to do a lot better than that — and we can."
What about the costs of changing the world's fuel economy over from well-established fossil fuels? The team claims that the transition will add surprisingly little to the costs, as the Gladstone & McKinney renewables will use most of the current infrastructure for transport and distribution. "Even better," noted McKinney, "at the current stage of our research it turns out that our processes may create not only fuels, but foods: highly nutritious and affordable new food sources that will continue to produce even if the Earth's climate and ecology deteriorate so far as to prevent plant growth."
It sounds like science fiction, but Gladstone & McKinney seem to have hard science on their side. The firm holds several patents for processes invented by Gladstone which reportedly have garnered some interest among other energy companies.
Contact information for Gladstone & McKinney:
5040 Henry Hudson Parkway
Riverdale, NY 10471
2511-D Nantucket Drive
Houston, TX 77057