Updates on Upower Projects


PPA Contract # 002-2014 ENEE-PSE Executed Upower Honduras 50 MW Honduras



PPA Contract # 003-2014 ENEE-PRODERSSA Executed Upower Honduras 50 MW Honduras


Above are copies of Upower's actual signed, sealed PPA’s of the two 50 MW projects with the Government of Honduras and their National Electric Company, Empresa Nacional de Energia Electrica (“ENEE”), with Upower Honduras comprising of Pacific Solar Energy, S.A. de CV (PSA) and Produccion de Energia y Demas Renovables, S.A. CV (PRODERSSA) located in Nacaome, Honduras, currently called Solar Power Sociedad Anónima (SOPOSA) for the Nacaome site and by Compañía de Energía Solar Sociedad Anónima (COHESSA) for the Valle site.



Announcements of These Events:


The Company


Mission Statement

To provide Alternative Renewable Energy Solutions through Lithium Production Facilities, while remaining as Environmentally Conscious as possible in the process.




Upower, Inc. (UPI) is a global renewable energy holding company and developer.  In January 2014, our subsidiary, Upower Honduras, signed a much-publicized 20-year Power Purchase Agreement (PPA) with the government of Honduras and their National Electric Company, Empresa Nacional de Energia Electrica (ENEE).  Our two 50 MW Projects, PRODERSSA and Pacific Solar Energy (PSE), which when developed, became Latin America’s largest solar project to date at 100 Megawatts in August 2015.  Funded for $232MM in 2015 by a division of The World Bank, the Project 8404 is completed, sold-off, and fully operational in the west coast city of Nacaome, Honduras, producing 100 megawatts an hour for the next 20 years, generating 120 gigawatts of electricity annually for approximately 152,000 Honduran householdsUpower is currently in consideration of several Solar PV Projects globally with a primary focus on several Projects for Lithium (Li) Mining and Production, including one or more Pilot Manufacturing Facilities and Full-Scale Commercialized Facilities in Chile, near the Atacama Desert, where the largest amount Brine Pool Salt Salares with the highest concentration of Lithium exist worldwide.  Our consortium, spearheaded by Upower, intends to deploy Patented Lithium Extraction Technologies via established Strategic Partnerships to produce Lithium Chloride, Lithium Carbonate, Lithium Hydroxide, and Lithium Cathodes for the fast-growing Lithium Battery Markets in Energy Storage and Electric Vehicles (EV) globally.  Our goal of making these projects a reality, now contribute to the 44% of the clean power generation Honduras is experiencing today and a great example to the rest of the world, according to Bloomberg New Energy FinanceUpower in Chile has a big focus on the acquisition and development of Brine Pools and Lithium Mines for Li extraction and production for Commodities sales and transactions.

The Upower Honduras Projects are Completed.

3rd Party Proof of Prior Projects (Click Below Items) 
- Industry News: Upower Completes 2 PV Projects Totaling 100 MWs in Honduras -
- Snapshot of Project Upower Honduras Solar Power Plants #8404 -
- Map of Projects:  See Google Maps of Upower Honduras Projects -

Upower Honduras 100 MW Birds Eye

Upower Honduras 100 MW Zoom




Upower ™ Benefits in Solar

By actively participating the renewable energy opportunities in Solar PV we can:
            Reduce the cost of electricity for households and businesses.
            Increase local participants and likelihood of private investments.
            Improve energy efficiency and control electricity pricing, demand, and reliable sustainability.
            Reduce the carbon footprint and emissions.
            Enhance commerce and diversify the local job market with higher skilled, better paying jobs.
            Reduce dependence on fossil fuels and its overall procurement, storage, transport, and hazards.
            Help develop a framework that drives environmentally-friendly design and implementation.
            Provide a reliable baseload of power generation, while allowing for grid expansion.
            Reduce dependence on fossil fuels and its overall procurement, storage, transport, and hazards.
            Help develop a framework that drives environmentally-friendly design and implementation.
            Allowing for little to No Capital Expenditure for Projects.
            No Oil/Diesel Purchase Costs.
            No Currency Risk.
            No Fuel Procurement Risk.
            No Fuel Storage Costs.
            No Fuel Transportation Costs.
            No Plant Management, Operations, and Maintenance Costs.
            Allowing for the Electric Company to be a Profit Center to their respective Governments, showing Social and Environmentally-Friendly Responsibilities, while improving current Carbon Emission conditions, while maintaining a long-term, reliable base load energy for their country and its People.


Independent Power Provider Becomes An Incubators of Opportunities

Through the lifetime of a renewable energy project, from inception to construction, a project goes through important milestones: project filing, “early-stage” development, Notice to Proceed (NTP) or “shovel ready”, and Commercial Operation Date (COD).  The illustration below explains Upower’s Project Lifecycle
 Project Value



Each project Upower originates, contains the following “Shovel-Ready’ hallmarks:

  • A site control land development process to identify and procure sites ideally suited for large scale solar farms. We selected these sites from many of options securing the best available sites primed for large scale solar projects.
  • Engineering design, layout, zoning determination letters, and interconnection agreements. Upower has a team of elite interconnection specialist engineers that can push these projects through the interconnection process in a savvy and efficient manner.
  • PPA negotiations are managed directly by our experienced executive team, to secure top-quality PPAs with utilities, government, national electric companies, and/or corporate offtaker buyers of electricity. The strength of the PPA determines the value of the project, as we’ve proven with Latin America’s Largest Solar Project to date Completed and Currently Operating in Nacaome, Honduras for the next 20 years.
  • Negotiated superior pricing on both Equipment and EPC contracts, below utility-scale market prices, based on our volume and scale of projects and partnering with the world’s largest solar equipment manufacturer, GCL.

Our Data Rooms are organized to be as user friendly as possible.  One will find individual project folders containing the following:

    • Executive Summary
    • Zoning Predetermination, Health Safety, EIA
    • Design, CAD Files, Engineering
    • Land Lease, Drawings, Road Access
    • Site Location, Topography, Maps
    • Feasibility Studies, Power Production, ProFormas
    • PPA Terms and Conditions, Feed in Tariff
    • Licenses, Permits
    • Project Construction Timeline, Grid Connection
    • Renewable Energy Laws









Pictured Above:  Management and Directors of Upower  CEO/Chairman David Macias and President Jorge Aizcorbe.

About Upower's New Developments Worldwide

Our Strategic Positioning: Lithium Production Worldwide

Upower ™ in Chile

The Lithium Triangle has Chile ahead in both Production Costs and Timing for Lithium Extraction.
Upower has strong, long-term relationships with direct access to the Principal Owners of the largest available Portfolio of Brine Pool Salares in the world, located in the Atacama Desert in Chile. The 15 Salares total 152,000 hectares, putting Upower in a unique position with contractual agreements in-hand to acquire all 548 Lithium Mining Concessions.













In Chile, Upower ™ is currently in serious talks and in negotiations with Independent Owners, Developers, Land Owners, and Mineral Rights Owners of the largest remaining reserves of Lithium in the world with over 150,000 hectares having an average reading of 600 MG/L of Lithium in geological surveys Upower’s done in 2018. Upower’s focus on the acquisition and development of Salares (Brine Pools) and Lithium Mines for Lithium (Li) extraction and production for Commodities sales to off-takers or end-buyers/end-users. In Chile, Upower ™. Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand production of Electric Vehicles (EV’s) and planned capacity of 345GWh by 2021. Today’s all-time production 3,000,000 EV’s is set to increase to 125,000,000+ cars this decade by 2030. Upower is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company continues to evaluate a portfolio of 548 Lithium Mining Concessions for acquisition, for resale, exploration and production-stage projects, complemented with the access to potential Bulk Sales of Lithium via Purchase Orders from End-Users/Buyers globally in their Universe of possible Clients.

















































Governmental changes under the current regulatory framework in Chile with the state agency CCHEN, the Chilean Nuclear Energy Commission, the government body responsible for granting lithium export quotas is expected to allow for new legislation for major increases in Lithium Production Quotas, shortly about to satisfy past foreign investment past concerns. With Lithium trading at $14,000 per Metric Ton (MT) and Exports valued at $949 million in 2018, Chile is a significant producer with room to grow in this key emerging industry. Upower plans to lead the way in Chile among lithium exploration and development companies and we will now move forward quickly to solidify this position with Strategic Technology Partnerships to complement acquisition of Lithium Mining Concessions.
Planned Demo (Pilot) and Commercial Scale Lithium Production Facilities and Advantages
Currently, there are two important Lithium producing areas in the world today with similar volume: Australia and Chile. In the Hard-Rock Lithium world, it is called Greenbushes, located in western Australia. Once the world leader, is now subject to tough competition in both production cost, time, and technological disadvantages. While Australia blasts through Hard-Rock formations in the ground to extract Lithium with an average 5 year horizon timeline for production with $8,500 per MT Cost, the Lithium Brine Pool world in the Atacama Desert in northern Chile is using Evaporation Ponds at a $5,000 per MT Cost, or a 40% savings in only a 18-24 month production, or half the timeframe. For any lithium company, being in the Salares of Chile, where the world’s highest concentrations of Lithium (Li3) is found, it is the best location with the lowest cost of production in the world. Finding surface sample concentrations in the mid 400’s of mg/L up to 1600 mg/L is common in these Salares. These Salares gain significant value once drill testing begins and results become available. Drilling data via an NI 43-101 Geological Survey and brine sampling results will help determine the potential volume of fluid and lithium content and reserves within the target aquifer. The primary objective of the exploration drill program is to collect groundwater/Brine samples at 50m intervals to a 400m depth, to be analyzed for lithium content. Once these reserves are published, Chile has repeatedly shown statistically significant results with 200% to 1000% greater concentrations of Lithium content than that of the U.S. and the rest of the world.
However, from the technology standpoint, if a producer with a new, efficient, and faster technology were to come along, there would be a unique opportunity to set a global precedent for next generation of Lithium projects with the latest extraction processes. We are examining such technologies, which promise to be highly efficient in term of recoveries and costs, as well as environmentally friendly. The 2 companies we’ve chosen as Strategic Technology Partners have a Patented Method using a Proprietary Ion-Exchange. This proven advantage has no chemicals and little to no water depletion from the Brine Pools, lessening the Environmental Impacts. There’s a lower Cut-Off Grade threshold of Lithium (Li3) of 50 ppm vs 500 ppm in Evaporation Ponds, a 90% Li3 Recovery Rate vs 50%, half the CAPEX and OPEX, and drops the Li3 Production Process from 18-24 months to only a mere 2-4 hours to begin processing Lithium from the Salar with this filtration process. The Cost per MT drops to $2,500. The lowest cost globally. Upower’s technology of choice is more than 3 times less costly than the Aussie’s and less than 1/3 of the time for the same production, allowing for greater Profit Margins exceeding 70-79%.



Potential Strategic Use of a Technology Partner:

Lilac Solutions is a mining technology company based in Oakland, California. Lilac has developed a patented ion exchange technology that facilitates production of lithium from abundant brine resources with minimal cost and ultra-low environmental footprint. Lilac’s mission is to increase lithium supplies needed for electric vehicles and renewable energy storage. 




























FORWARD LOOKING STATEMENTS: Certain statements made by Upower, Inc. (“UPI”), its subsidiaries and members of its management team on its behalf in this release and other periodic oral and written statements, regarding UPI’s operating performance, events or developments that UPI believes or expects to occur in the future, including those that discuss anticipated financial results, strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings expectations, cost savings, growth of UPI or of the market for its products and services, or general belief in UPI’s expectations of future operating results are forward-looking statements. All such forward-looking statements are subject to risks and uncertainties, including the need by UPI for substantial additional working capital to materially advance its business plan, including the projects discussed in this email or press release; no assurances that UPI will be able to secure such capital or the terms upon which such capital may be secured, if at all; technology and other challenges involved in the development and operation of UPI’s planned products and services, including the performance of technology which may be utilized by UPI, compliance with local, regional and national power generation, environmental and related laws, and local, regional and national governmental cooperation; local, regional and national economic considerations, including residential and industrial energy demand; foreign currency effects; UPI’s ability to protect its intellectual property; the ability to integrate acquisitions successfully and the risk that expected synergies may not be fully realized or may take longer to realize than expected; and competitors' product introductions, pricing and other competitive pressures, as well as other risk factors and uncertainties. Forward-looking statements included herein are made as of the date hereof, and UPI undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.