Clean energy generation firm announces a commitment of up to $250
million
Brightmark
Energy, LLC (“Brightmark”), a private, San Francisco based provider
of clean energy generation solutions for commercial and industrial
customers in North America, is pleased to announce that it has
officially launched operations as of August 1, 2016. Brightmark
specializes in delivering tailored clean energy generation solutions
that lower customer carbon emissions while at the same time providing
greater operational reliability and cost control, at no upfront cost to
the customer. Clean energy generation technologies to be offered by
Brightmark will include combined heat and power, solar, wind and waste
to energy.
Bob Powell, President & Chief Executive Officer of Brightmark, said, “I
am very excited about the incredible strength, depth, versatility and
experience of the Brightmark management team. To date, the Brightmark
executive management team averages over 25 years of collective clean
energy generation experience individually and have successfully
completed well over 10 Gigawatts of clean energy generation projects
worldwide.”
Brightmark secured an initial equity and debt commitment of up to $250
million from the Jackson Investment Group (“JIG”) to launch its
operations. JIG is a private investment firm, which manages over $1.5
billion of assets with businesses in the energy, healthcare, real
estate, technology and bioscience industries.
Brightmark is focused on self-originated and developed, customer
generation projects as well as acquisitions of clean energy generation
projects in solar, CHP, wind and waste to energy.
Zeina El-Azzi, Brightmark’s Chief Development Officer, said, “Initial
customer reaction to Brightmark has been tremendous. We have already
acquired control of one operating combined heat & power project in the
US. We are about to start the construction of another combined heat &
power project in Canada and we are in advanced discussions on a number
of other acquisition and originated generation opportunities.”
About Brightmark Energy
Brightmark
is changing the status quo by putting energy consumer businesses first,
enabling them to take control of their costs, lower carbon emissions and
increase operational reliability. Brightmark employs technology
solutions such as combined heat and power, solar, wind and waste to
energy that are specifically tailored based on customer needs. The
company allows customers to substantially save energy costs, lower
carbon emissions and increase reliability of operations all with no or
little upfront capital.
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Copyright Business Wire 2016
Source: Business Wire
(November 4, 2016 - 10:15 AM EDT)
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