IAS/RaPower3 solar project history

Following is a list of IAS/RaPower3 projects related to solar

On June 24, 2003, a $360 Million project with "Titanium Resources" was announced.  The project never got started.  Titanium Resources is now defunct.

On September 29, 2005, IAS announced their first pilot plant project would be completed in the first quarter of 2006. They never broke ground. The pilot plant site was changed to Delta, UT where it currently is (2017). It still hasn't been completed.

On February 9, 2006, a $150 Million project with "Solar Renewable Energy - 1" (SRE-1) was announced.  The project never got started.  SRE-1 is now defunct.

On June 3, 2009, a $20-30 Million Needles, CA project with "Renewable Energy Development Corporation" (REDCO) was announced. REDCO went through several months of preliminary effort, then lobbied Needles for additional funds. They never broke ground. REDCO is now defunct. REDCO's Ryan Davies claimed IAS technology had "fatal flaws that included cost and efficiency issues".

A $100-120 Million project with REDCO was planned to follow the completion of the Needles project. It never got started because REDCO filed bankruptcy.

On December 11, 2012, SOLCO-1 claimed in a Press Release that "SOLCO Energy and IAUS have sold more than $100 Million in commercial solar lens systems". They claimed SOLCO Energy's "average business client has reduced their Federal tax liability by $19.9 Million". The SOLCO website is now defunct.

On December 27, 2012, Matthew Shepard's Facebook account had the following claim: "Individuals and companies have bought over $260,000,000 concentrated solar lenses that are going into the solar project in Central Utah". That post disappeared from Facebook shortly after it was referenced on investor chat forums.

The dollar total for the above projects: = $1,020,000,000 ($1.02 BILLION).

According to SEC filings,
IAS did not recognize a single dollar of revenue
from those solar projects,
or from any other projects
up through November of 2015.

In addition to the above *verifiable* projects, there were several behind-the-scenes rumors of other projects.   Following is a partial list of those projects. None of these projects were announced, and presumably never went anywhere:

Australia ("a billion dollars set aside")

LADWP (Los Angeles Department of Water and Power - "a billion dollar project")

Mexico (4 plants)


Texas (4 plants, with revenue from one of them in March of 2010)


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