The most notable aspect of the experience was paying almost $1.50/L for fuel. Pardon the pun, but it certainly drove home the point that Global Wind Group Inc. has been making for years, oil prices have reached levels which necessitate alternatives.
The pitching experience was challenging and very educational. The Dragon’s Den investors are particularly savvy and realize the impact that GWG’s technology is having on the market. The market for small wind and small solar is growing rapidly as the notion of decentralized energy generation gains traction. One of the “Dragons”, Bruce Croxon, has family roots in the Caribbean and was well aware of the pain experienced by his family members suffering from elevated energy prices.
Many people don’t realize that the Caribbean is powered almost exclusively by diesel generators. This means that all the air conditioning and lighting one enjoys when on vacation to the Caribbean is generated through the burning of expensive diesel fuel. This results in some of the highest electricity costs in the world, with Jamaica in particular paying about $0.40/kWh (USD).
Global Wind Group Inc. continues to deliver top-quality energy solutions using solar panels, wind turbines and batteries to reduce our customers’ operating expenses through our wholly owned subsidiary Sycamore Energy. If you don’t get a chance to see the episode, please check it out here on our youtube page after the episode airs: http://www.youtube.com/user/microwindpower