News and Media Coverage

July 2007. Radiant Energy and Cool Earth Solar, Inc., have combined their expertise in concentrated photovoltaic (CPV) technology and experience in project development and project finance. This new, vertically integrated company now has a stronger platform from which to advance its breakthrough technology and quickly bring it to market. Negotiations are ongoing with several utilities to sell clean, renewable solar energy from its utility-scale power plants. Cool Earth is the new parent company with Mr. Rob Lamkin as Chief Executive Officer and Dr. Eric Cummings as President and Chief Technology Officer.

May 2007. Radiant Energy has submitted an offer to the utilities pursuant to the 2007 California RPS RFO. This offer is to supply renewable energy from a new utility-scale solar power plant.

January 2007. Radiant Energy has concluded its participation in the auction of the 250-MW Goldendale Energy Center owned by Calpine Corporation. Radiant was deemed a Qualified Bidder in the auction.

August 2006. Radiant Energy has concluded its participation in the auction of the 170-MW Dighton Power Plant owned by Calpine Corporation. Radiant arranged the necessary financing and submitted a firm binding offer to acquire the plant. Radiant was deemed a Qualified Bidder in the auction.

January 2006. Radiant Energy has submitted an indicative offer to acquire an operating geothermal power plant and associated steam field in the Western United States.

August 2005. Radiant Energy has concluded its efforts to acquire the 50-MW FMC power plant located in the South San Francisco Bay Area. This completes Radiant Energy's participation in the 2005 PG&E Renewable Energy Standards (RPS) Request For Offers (RFO).

February 2005. Through private and confidential negotiations, Radiant Energy submitted a firm offer to acquire a combustion turbine power plant in the WECC (Western Electricity Coordinating Council). Funding for this acquisition was secured.

January 2005. Radiant Energy has submitted an offer to acquire a 50,000-acre operating and producing natural gas field with existing wells and gathering system in the Eastern United States. Funding was secured for this acquisition.

November 2004. Radiant Energy has submitted a firm offer for a geothermal plant in the Western United States. In addition to its existing power production, this acquisition includes a geothermal field with additional development potential. Funding for this acquisition has been arranged.

May 2004. Radiant Energy, through its ownership of a special purpose entity, has concluded its participation in the auction for the sale of the 20-megawatt Puna Geothermal Power Plant on the Big Island of Hawaii. A firm binding offer was submitted in excess of $70 million to Constellation Energy to acquire Puna. This firm offer was supported by funding secured by Radiant Energy with two New York banks. Radiant submitted the second highest bid and did not close on the acquisition.

December 2003. Radiant Energy, through its ownership of a special purpose entity, has concluded its efforts to acquire Covanta’s geothermal assets in Southern California, auctioned as part of Covanta’s bankruptcy proceedings. Capital funding of approximately $225 million was successfully raised by Radiant Energy for the acquisition of Covanta’s 140 megawatts of operational power production facilities and associated steam field. Radiant submitted the second highest bid and did not close on the acquisition.