“We spoke with Alter NRG Corp. management on the recently announced gasifier order from Air Products and Chemicals Inc. (APD) for its second 50MW waste-to-energy facility in Tees Valley, U.K. We view APD’s second order as a critical vote of confidence in Alter NRG’s technology and the future of plasma gasification more generally. As a result, we reiterate our Buy rating.”Matt Koranda, ROTH Capital Partners
“We believe Alter NRG Corp. has industry-leading technology and expect its partnership with Air Products and Chemicals Inc. to unlock a new source of utility-scale power. As a result, we are initiating coverage with a Buy rating.”Philip Shen, ROTH Capital Partners
“Alter NRG Corp.’s waste gasification solutions and plasma torches form the indispensable link in the commissioning of the first phase of the advanced energy-from-waste gasification facility sold to Air Products & Chemicals Inc. . .this report, initiated by the current analyst, reiterates a Buy rating and is increasing the price target to CA$2/share.”Michael Niehuser, Scarsdale Equities LLC
“One company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Alter NRG Corp.; this alternative and renewable energy solutions provider stock has actually seen loss estimates narrowing over the past month for the current fiscal year, but that is not yet reflected in its price. . .this year’s expected earnings growth over the prior year is 50%, which should ultimately translate into price appreciation. . .Alter NRG currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance.”Zacks Investment Research,
“Alter NRG Corp. held an investor update call on 3/14 and highlighted several promising developments with strategic partners; recent orders from Air Products and GreenWorld Energy Solutions demonstrate the strength of Alter NRG’s plasma gasification offerings, in our view. Moreover, we view the developing partnership with GE as a positive; given Alter NRG’s first mover advantage, strong list of Fortune 500 customers, and leading PG technology, we reiterate our Buy rating and increase our price target to $1.50.”Matt Koranda, ROTH Capital Partners
ALTER NRG / WESTINGHOUSE PLASMA VIDEOS – 2014
Chinese Version: 中文-等离子体气化 新能源
Videos from Key Strategic Customers
SMS Envocare Video
One of Central India’s largest engineering companies which has constructed 2 facilities
Wuhan Kaidi Video
Publicly traded company in China, currently commissioning their first demonstration facility
Air Products Video
Fortune 500 Company constructing a 50MW facility, and licensed to build 4 more facilities
I am pleased to be working with a qualified developer such as Waste2tricity and see that their years of effort have paid off in successful financing and achievement of commercial milestones in their key markets. I believe that this license is the first of several such opportunities in the Southeast Asian market which is attributable to population growth that creates significant waste challenges as well as increasing electricity needs. We look forward to working with Waste2Tricity in the development of numerous projects in the UK and ThailandWalter Howard, CEO, Alter NRG Corp.
I am pleased to be working with a qualified developer such as Waste2tricity and see that their years of effort have paid off in successful financing and achievement of commercial milestones in their key markets. I believe that this license is the first of several such opportunities in the Southeast Asian market which is attributable to population growth that creates significant waste challenges as well as increasing electricity needs. We look forward to working with Waste2Tricity in the development of numerous projects in the UK and ThailandPiangkwan Thummukgool, Director and Lead Co-ordinator for the Thai project, Waste2Tricity
Having an industry-leading company like Air Products commencing construction of a second facility utilizing our Model G65 gasifier solution is a significant commercial milestone. This illustrates Air Products’ confidence with and commitment to the Westinghouse Plasma Technology and is encouraging to our other customers worldwide. We look forward to supporting Air Products as they continue to expand their plasma gasification energy from waste businessWalter Howard, CEO, Alter NRG Corp.
I am delighted to have Ervington as a strategic shareholder. Mr. Abramovich’s connections and business network will expand our market reach and his desire to invest in certain projects provides much needed capital to the industry to fuel its growth. I am looking forward to working closely with his team to continue to advance more energy efficient waste to energy solutions.Walter Howard, CEO, Alter NRG Corp.
As with our first renewable energy plant, the availability of skilled labour, industrial land, good access to electrical infrastructure, and excellent road links were important factors in our decision to pursue an additional renewable energy plant in Teesside. Over the next three years, we would create up to 100 permanent jobs and work with local and national firms during construction. We estimate that over 1400 people would be employed during the construction of both plants.Lisa Jordan, Business Manager, Bio Energy at Air Products
In regards to the recently commissioned waste-to-energy facility in China, this is a significant reference plant that shows how our Westinghouse Plasma conversion technology has the ability to take a societal problem of waste products and convert it into useful renewable energy. China is a large market with aggressive mandates for renewable energy and we are excited by the interest in the region for waste-to-energy technology and the foothold we now have in the China market with KaidiWalter Howard, CEO, Alter NRG Corp.
I was delighted to play a small part in bringing the first Air Products plant, now under construction, to Teesside but to learn of this huge vote of confidence by the company in our area by confirming a potential second plant is quite stunning and will sustain hundreds of construction jobs over several years. It shows that Teesside is successful at attracting world class technologies and corporations that create jobs and support the country’s renewable energy agenda. By diverting waste from landfill the plant offers an environmentally-friendly solution for the production of renewable energy in the North EastAlex Cunningham, MP, Stockton North
Our strong track record of delivering
projects for the waste management sector combined with the proven technology provided by Waste2Tricity puts us in an ideal position to deliver the much needed infrastructure necessary to move waste away from landfill and to provide low carbon heat and electricity. This is an exciting strategic project for both companies.” He added, Similar to the Air Products plant on Teesside, which is currently in construction, the Bilsthorpe Project will use plasma assisted gasification technology from Westinghouse Plasma Corp., to convert waste sourced from several suppliersMyles Kitcher, Director, Peel Environmental