Albuquerque, New Mexico February 16^th, 2010:  SkyFuel, Inc. is pleased to announce that M. Richard (Rick) Smith, former president of Bechtel Corporation’s Fossil Power division and former CEO of InterGen, has joined the Company's Board of Directors.  SkyFuel also announces that Dr. Arnold Leitner, the founder and CEO since the Company’s inception is leaving the Company to pursue other interests.  Mr. Smith will serve as the Interim CEO until a permanent CEO is found.

Mr. Smith is a 36-year power industry engineering, management, and mergers and acquisitions veteran who has managed multiple power and energy projects and transactions totaling more than $10 billion.  He has served in various other senior management roles including as Executive Vice President of Bechtel Enterprises from 2000 to 2004, where he was responsible for Bechtel’s development and investment activities in the energy sector and as Vice President of corporate development at Pacific Gas and Electric (PG&E) responsible for mergers and acquisitions and as Senior Vice President of development at PG&E Generating Company with responsibility for all green field development and acquisition activities.

“Now that we have completed the commercial demonstration of the SkyTrough™ parabolic trough concentrator and the SkyTrough™ is established in the market, I have decided that this is the right time for the Company to transition to a new CEO with broader commercial experience,” Dr. Leitner said, “Rick served as a consultant to SkyFuel in the past. I am confident that his knowledge of the Company and his deep power industry background will be tremendous assets to SkyFuel."

The Board of Directors expresses its gratitude for Dr. Leitner’s vision and leadership both at SkyFuel and in the Concentrating Solar Power (“CSP “) industry.  Dr. Leitner’s 2002 U.S. Department of Energy study on CSP titled “Fuel from the Sky” is credited with helping to renew interest in CSP in the United States.  Dr. Leitner developed and implemented SkyFuel’s vision and he is a well-known advocate for renewable power.  He served for two years as Chairman of the American Solar Energy Society’s (ASES) Solar Electric Division.  The Board wishes him and his family the very best for the future.

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SkyFuel, Inc. is a solar thermal power technology and service provider founded in 2007.  SkyFuel solar collectors harness solar radiation to produce steam for electricity generation and industrial applications. The company is emerging as a leading supplier of utility-grade concentrating solar power (CSP) systems.  SkyFuel’s market-ready product is an advanced, glass-free parabolic trough solar thermal collector, called the SkyTrough^™.  It is the highest performance, lowest-cost utility-grade solar power system in the world. SkyFuel is also developing a next-generation solar system, the Linear Power Tower^™, a high-temperature linear Fresnel collector designed for thermal energy storage.  SkyFuel’s wholly owned subsidiary, ReflecTech, Inc., holds an exclusive license to manufacture, market and sell a high-reflectance silvered-polymer film, called ReflecTech^® Mirror Film.  This film is for use as a mirror surface, primarily in solar technologies such as the SkyTrough^™.  ReflecTech^® is the only high-reflectance mirror film proven for outdoor applications.