Imagine a tower as tall as two Empire State Buildings that can produce as much energy as the Hoover Dam at a price competitive with natural gas.
That’s what the startup Solar Wind Energy Tower is selling. Is it for real?
If the experience of EnviroMission, another penny-stock company, is any indication, then likely not.
This spring, Solar Wind Energy Tower (SWET) secured an agreement with the town of San Luis, Arizona, located on the Mexico border, to build the $1.5 billion project. If ever completed, it would become the tallest structure in North America and the second tallest structure in the world after the Burj Khalifa.