Waste to Energy Gasification
Nashville, TN - In September 2017, via our affiliated company, FirstPower Energy Texas, LLC, we entered into an agreement with ARIES Clean Energy of Nashville, TN to develop several waste-to-energy gasification projects in New Jersey. ARIES is a leading waste-to-energy company owned by the Thompson Caterpillar company, one of the largest Caterpillar dealers in the US. To date, ARIES has constructed 5 plants in 4 states with over 55,000 hours of operation and seeks to expand its platform in the US and other international markets. In January 2018, the company announced its first round of investment funding with Spring Lane Capital. For additional information, please click here.
Austin, Texas - In December 2014, via our affiliated company, FirstPower Energy Texas, LLC, we entered into a Joint Venture with Grove Battery Manufacturing, LLC, to develop turnkey EPC and O&M projects for battery energy storage systems (BESS). The Joint Venture resulted in the formation of Firstcharge Energy LLC, based in Austin and Jackson, MS. FirstCharge is the holding company and sole owner of all manufacturing (USA and China) and patent rights for the original Horizon lead-acid battery technology. FirstCharge's lead-acid battery cells have been deployed in over 80, 000 kwrs of projects around the world and are ranked by the US Department of Energy as being the number one lead acid battery manufacturing company in the United States with over 40 percent market share. The Joint Venture continues to expand its presence in the US, Europe, Australia, and in SE Asia with a new 400 battery cell per day plant to come online by Q4 2018. For additional information, please click here.
Ghana, West Africa - In February 2015, via our affiliated company, FirstPower Energy Texas, LLC, we entered into an joint venture agreement with the Volta Aluminum Company of Ghana (VALCO) to develop a 1,200 MW combined cycle power project at their aluminum smelter site in Tema, Ghana. Designed using GE's 9FB technology, the VALCO Energy Center Project is expected to reach financial close in Q1 2019 with commencement of deliveries by Q2 2021.
Ohio, USA - Wind - In June 2010, via our affiliated company, Cavallo Energy LLC, we bid and won with our Joint Venture partner, Bechtel Construction, a 120 MW request for proposals (RFP) to construct the first offshore 120 MW wind project near Cleveland, Ohio. In fall of 2012, the project received a Department of Energy grant to assist in developing the project. The Project continues to be developed with local support and funding and was recently awarded a $45 million development grant from the US Department of Energy. Please click here to read local print coverage of the DOE press release. For additional information, please click here. In November 2012, we sold our interest in the project to our joint development partners.
Texas, USA - In November, 2009, we were selected by the State of Texas to administer their State Power Program. The program provides reliable and low cost energy to over 2,000 MW of public retail customers (PRCs) inclusive of schools, municipalities, federal agencies, and local CoOps. As part of this acquisition, we entered into a Energy Services Agreement with EDF Trading USA to provide back-office and credit support. Please click here to read additional information on this company. In 2015, we sold our interest in this company to Calpine and the brand name continues to be Cavallo Energy Texas, LLC.