Global Environmental Energy Corporation · Nassau Bahamas ·(OTC: GEECF)
Company Description
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This link will open in a new window Global Environmental Energy Corporation wants to improve China and other countries by turning their unwanted waste into energy. It also searches for oil and gas and has interests in clean coal technology. The company's alternative power generation technology uses waste from industrial, municipal, and agricultural facilities to produce electricity for its clients. Subsidiary Biosphere Development Corp has sold nine Biosphere Process Systems in China and one in Lebanon. Subsidiary Sahara Petroleum Exploration explores for oil in North Africa but has been inactive since 2007. To read the full description, subscribe now.
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Key Global Environmental Energy Corporation Financials
| Company Type | Public - OTC: GEECF Single Location |
| Fiscal Year-End | May |
| 2008 Employees | 10 |
Global Environmental Energy Corporation Executives
3 executives listed for Global Environmental Energy Corporation's Nassau, location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Christopher McCormack | Network |
| VP Middle Eastern Operations, CFO, and Director | Salim Ghafari | Network |
| Secretary and Director | Sharon Trotman | Network |
Competition
Competitive Landscape for Global Environmental Energy Corporation
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Global Environmental Energy Corporation Competitors
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