The Company
Advanced Energy Partners (AE) is a developer and financier of behind-the-meter power projects that integrate the latest energy efficiency and onsite generation technologies. AE manages and finances these projects so that the host sites generate additional profits without up-front capital expenditure. By aggregating these projects across sites using advanced communications and control technology, AE is able to build Aggregated Power Plants (APP).
An APP generates base load, dispatchable and peaking capacity, as well as renewable energy and emissions credits. APPs are faster and less expensive to build than conventional power plants and are an attractive, lower risk investment for providers of project capital.
The Opportunity
The time is right for the APP model:
- Emergence of breakthrough energy technologies.
- Awareness that efficiency is the cleanest and most cost effective form of 'energy'.
- Recognition of the reliability and efficiency benefits of distributed and onsite renewable generation technologies.
- Increasing difficulty siting and permitting centralized generation facilities.
- Encouragement from governments in the form of renewable energy standards and emissions trading.
- Ability of electricity grid operators to offer load curtailment and demand response programs.
- Market focus on avoiding capital expenditure for non-core business assets (eg. energy).
The Team
The Advanced Energy Partners team is made up of experienced individuals with energy backgrounds in venture capital, company building, project finance and strategy consulting.
APPs currently being deployed make use of the following technologies and technical managers:
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