AEDG Featured in National Media as It Completes Its Role as Developer for 2.6 MW CA Fuel Cell Project.
Solid Oxide Fuel Cell / PPA / Bloom Fuel Cell / Alternative Energy Development Group / Bloom PPA / Bloomenergy / Power Purchase Agreement / Fuel Cell / AEDG WGL Holdings, Inc. (NYSE: WGL), through its subsidiary, Washington Gas Energy Systems (WGESystems), announced a 2.6 megawatt (MW) Bloom Energy project in Santa Clara County, Ca. (SCC). WGESystems will finance, build, own and operate the 2.6 MW Bloom Energy project and sell all energy generated to SCC under a 20-year power purchase agreement (PPA). The Bloom Energy Servers will generate clean and reliable power using natural gas and biogas, reducing the County's carbon emissions by nearly 5 million pounds each year.
"WGL is committed to providing clean and efficient energy answers while remaining a responsible steward of our resources," said WGL Chairman and CEO, Terry D. McCallister. "We are proud to partner with Bloom Energy, and to service Santa Clara County, as we continue to invest in clean energy solutions as part of our expanding diversified energy portfolio."
Bloom Energy's solid oxide fuel cell technology generates electricity through a highly efficient electrochemical process and provides clean, on-site energy. WGESystems designs-builds, owns and operates energy solutions that deliver financial, operational and carbon reduction results for non-residential customers across the United States. For projects such as this one, WGESystems has established a financing program that enables customers, including non-profit organizations, to deploy Bloom Energy's distributed, clean power solution.
"Santa Clara County has been a strong proponent of clean energy, and we are looking forward to having another project right here in our backyard, " said KR Sridhar, Principal Co-Founder and CEO of Bloom Energy. "Energy industry partners that are willing to invest in technology projects are key to the development of a clean energy economy, and our partnership with Washington Gas Energy Systems continues to strengthen our ability to provide attractive projects for our growing customer base."
"The County of Santa Clara was one the primary leaders in creating the 20-year power purchase agreement with other local jurisdictions," said Supervisor Dave Cortese, Chair of the Board's Housing Land Use Environment and Transportation Committee. "The agreement demonstrates that there is a market for clean energy solutions and it supports the County's goal of reducing its carbon footprint."
Alternative Energy Development Group (AEDG) served as the developer for the Bloom Energy project at four SCC facilities.
PDF version of the Wall Street Journal Press Release is attached
Please see these direct links for further information.
Alternative Energy Development Group teams with Dr. Scott Testa, The Julian Krinsky Summer Enrichment Program, and Villanova University to teach tomorrow’s leaders Energy Development, Clean Energy Finance, and Entrepreneurship.
The AEDG team, led by members David Magagna Jr. and Jeff Nocella, and supported by Founder & CEO Chris Fraga, teamed with Dr. Testa to teach 8-weeks of summer class as part of the Julian Krinsky curriculum for business students. Specific topics included: Renewable and Alternative Energy Technologies featuring Solar PV and Bloom Energy Fuel Cell’s; Energy Development for the Commercial and Industrial market; and Energy Finance including the Power Purchase Agreement business model.
Each week a group of students engaged in a combination of lectures, field trips to visit live Solar PV and Bloom Energy Fuel Cells in operation in the Philadelphia area, and case study/presentations by the students. The camp’s domestic and international student population was able to learn and apply newfound energy knowledge to specifics of their home countries from China, Panama, Colombia and Germany among others..
“The enthusiasm, intellect, and insights generated by the students has been overwhelming” commented David Magagna Jr., AEDG’s leader of the program. ”Students are concerned about our world’s sustainability and future and appear eager to promote clean energy going forward.”
Dr. Scott Testa led the Julian Krinskly Business curriculum, and invited AEDG to participate because of their subject matter expertise, innovative ideas and entrepreneurial success. “I requested AEDG to participate to bring outside of the box thinking, topics of relevance to a global student base, and their passion to create a memorable experience”, said Dr. Testa.
AEDG’s charitable “give-back” program includes Community Education at the middle, high school and collegiate level.
AEDG announces a 30MW Fuel Cell development pipeline spanning commercial, not-for-profit and public sector entities in the United States. The 30MW pipeline includes:
(16) commercial-scale entities on the East/West Coast of the US.
(2) for-profit entities on the East Coast, totaling 2MW of Bloomenergy servers across 4 sites, who have formally selected AEDG and Bloomenergy and are in the contracting/procurement phase.
(2) public-sector entities (East & West Coast), totaling 3.8MW’s of Bloomenergy servers across 7 sites, who have formally selected AEDG & Bloomenergy and are in the contracting/procurement phase.
Project details will be shared via formal Press Releases following each client's final contract and award in Q4’2012.
AEDG and Bloomenergy will complete installation and commissioning services beginning in the 2H of 2013.
AEDG’s partner, NetGain Energy Advisors, released an article in their summer 2012 quarterly newsletter regarding Bloom Energy’s expansion to the East Coast. “On April 20, 2012 Bloom Energy broke ground on their new manufacturing center in Newark, DE (previously a Chrysler assembly plant). With this plant they hope to double the production capacity. Bloom maximizes electrical efficiency to over 60%, which is the highest currently commercially available. This innovative approach is helping Fortune 500 companies reduce their bills and create manufacturing jobs in the United States.”