Alter Nrg growth strategy invovles forming strategic partnerships that accelerate growth and mitigate risk. This will be accomplished through partners that have:
- a proven track record in the Alter Nrg's target markets.
- existing operations and industry knowledge
- existing distribution channels
- financial strength
Power Plant Retrofits Strategic Partnership
Alter Nrg Corp. entered into a technology license agreement with NRG Energy, Inc. on April 3, 2007. Under the terms of the License Agreement, Alter Nrg granted NRG a five year exclusive license to use the Westinghouse Plasma Corporation proprietary gasification technology in the United States, primarily to produce electric power using coal and certain other feedstocks.
NRG Technology License Agreement Press Release
About NRG Energy
NRG Plasma Power Fact Sheet
NRG Energy Web site
Waste-to-Energy Strategic Partnership
On August 2, 2007, Alter Nrg Corp. announced a strategic joint venture agreement with Jacoby Energy Development, through its subsidiary Geoplasma, to develop large scale and environmentally friendly waste to energy projects in Canada and the United States.
Alter will own 49% of the JV and contribute its proprietary Westinghouse Plasma Gasification Technology on an exclusive basis for WTE projects, using household, industrial or commercial waste as feedstock to produce steam or electricity. Jacoby Energy will own the remaining 51% and during the term of the JV will contribute the first US$15 million of JV operating capital and its expertise in developing WTE projects.
The JV will market the Westinghouse Plasma Gasification Technology and provide project development services to third party WTE project developers. Alter will benefit from receiving 100% of the plasma gasification technology product and service revenues at current prices and the JV will split all other revenues and costs based on the JV ownership percentages.
Jacoby Energy/Geoplasma Strategic Joint Venture Press Release
About Jacoby Energy
Geoplasma press releases
Jacoby Development Web site
Geoplasma Web site
Engineering Strategic Partnership
Alter Nrg has established a close working relationship with Bower Damberger Rolseth Engineering Ltd. (BDR), a Calgary based engineering firm with 25 years experience in design, engineering, procurement and management of oil and gas facilities. BDR's application of modular engineering methodologies and its track record for designing facilities that are optimized for scale and staged growth are ideally suited to Alter Nrg's plasma gasification applications.
Jacoby Energy Development, Inc.
Jacoby Energy Development, Inc. (Jacoby Energy) is an alternative and renewable energy company focused on providing environmentally sustainable and economically viable alternative energy solutions. Jacoby Energy is committed to working with communities and municipalities, in public-private partnerships, to implement the most appropriate and tailored technology that fits the needs and challenges of the community. Headquartered in Atlanta, Georgia, Jacoby Energy is a wholly-owned subsidiary of The Jacoby Group, a consortium of companies focused on real estate, sustainability, renewable and alternative energy, education and research, and media – all with an emphasis on sustaining quality of life.
- Developer of the Atlantic Station, a multi-billion dollar commercial and residential development in Atlanta, Georgia
- Existing operations in the alternative energy market through landfill gas capture facilities
- Winner of the following awards:
- 2006 Distinguished Conservationist Award
- 2006 ACEC Award for Excellence in Engineering Design
- 2004 Phoenix Award for Excellence in Brownfield Development
- 2004 ARGON Award for Improving the Environment through Visionary and Innovative Real Estate Development Practices
- News coverage with ABC News, Fox News, Popular Magazine, Wall Street Journal, Financial Times, Globe and Mail, National Post and a variety of others
- Strong network and existing business alliances including Waste Management, Johnson Controls, Washington Group International, MACTEC Engineering, and Georgia Tech Research Institute
"At Jacoby Energy, we believe that we can be more efficient and offer more as a company when we form strategic partnerships with companies like Alter NRG," said Jim Jacoby, Chairman and CEO of The Jacoby Group, the parent company of Jacoby Energy. "Since 2003 we have been working with Westinghouse Plasma Corporation as our technology partner for plasma gasification projects, and we are thrilled that we will continue to work with Alter in this capacity."
NRG Energy Inc.
One of the leading electricity generators in the US Northeast, with a market capitalization of US$8.9 billion, NRG owns and operates approximately 24,175 MW of power generation assets, most of which are located in the United States. NRG is a Fortune 500 company and is publicly traded on the New York Stock Exchange. NRG has a dedicated team focused on the development of plasma gasification opportunities:
