Engineering, procurement and construction (EPC) contracts are evolving as utilities seek to spread risks, contain costs, and execute their business strategies. As a result, turnkey contractors are...
Energy Investors Funds (EIF) Renewable Energy Holdings , through its wholly owned subsidiary, Landfill Energy Systems (LES) , acquired Innovative Energy Systems (IES) . IES, a privately held company, owns and operates a portfolio of 11 landfill gas-to-energy projects located in New York and Vermont. The IES portfolio includes developed projects with an installed capacity of 72 MW. Terms of the transaction weren’t disclosed. With this acquisition, LES holds the rights to 45 landfills in 16 states, producing more than 200 MW of electricity along with high- and medium-Btu gas.
Nexterra Systems secured $15 million in equity financing from Tandem Expansion Fund and ARC Financial . Proceeds will be used to accelerate the growth of Nexterra’s business. Nexterra’s proprietary biomass gasification technology allows universities, municipalities, hospitals and industrial facilities to reduce energy costs and greenhouse gas emissions by switching from fossil fuels to renewable energy generated on-site using biomass.
DR & Efficiency
Pepco Energy Services was awarded a $6.2 million, 15-year energy savings performance contract by the Maryland Transit Administration (MTA) . Pepco Energy is installing energy conservation measures to help reduce the MTA’s energy consumption. Measures include lighting retrofits, occupancy sensors and daylight harvesting. Pepco Energy will also install a rooftop solar PV solar array for the Northwest Bus Division of the MTA. The MTA received funding from the local utility rebate program and the Maryland Energy Administration’s Project Sunburst grant program. Construction began in January 2011 with completion anticipated in August.
Consert and Texas Electric Cooperatives (TEC) partnered to assist with Consert’s growth within municipal and cooperative electric utilities in Texas. Consert’s energy management solution consists of a network of hardware and software that uses wireless two-way communications to improve the efficiency, reliability and safety of electricity delivery. TEC represents 65 electric distribution cooperatives and the state’s nine generation and transmission cooperatives.
Itron made a three-year commitment to the Frontier Project , a water and energy conservation demonstration project in Rancho Cucamonga, Calif., as the project’s technology sponsor. The Frontier Project, a 14,000-square-foot LEED Platinum demonstration building, aims to educate resident consumers, commercial builders and sustainable advocates on the latest methods and technologies in water, energy and site conservation. It demonstrates a passive cooling system; alternative roofing options that reduce the heat gain of the building; and other energy-saving and environmentally friendly designs and systems.