UGE International and Alpha Energy to Collaborate on Microgrid Projects
August 30 2015 - 9:00AM
Business Wire
Companies see alliance on renewable energy
projects as large contributor to future growth in fast growing
distributed solar and microgrid sector
UGE International (TSX-V:UG, OTC:UGEIF), a global leader in
distributed renewable energy solutions for businesses, and Alpha
Energy, an engineering procurement and construction firm, have
entered into an agreement to work jointly on the development,
installation, maintenance and financing of distributed generation
projects. The collaboration will put forth a unique vertically
integrated team, with the ability to efficiently approach the
distributed generation and energy storage markets on a global
basis, which is projected to grow at a rate of 300 percent per year
according to Navigant Research.
UGE is a leading full service renewable energy provider for
commercial and industrial clients with over 2,000 installations in
more than 100 countries. Recent projects include the installation
of wind turbines on the Eiffel Tower in Paris and the design and
installation of a hybrid wind, solar and battery system that
provides complete power to a telecommunications facility in the
Pacific Islands, as well as the largest distributed solar portfolio
in Central America. In May, UGE announced that it was a recipient
of an award to develop microgrids in New York City as part of the
RISE:NYC initiative.
“We look forward to enhancing our capabilities and market
presence by partnering with Alpha Energy,” said Joshua Rogol,
director of business development for UGE. “Alpha Energy’s global
engineering procurement and construction (EPC) expertise on
large-scale construction and solar projects is a win for us and our
clients. Together, we expect to deploy leading edge solar and
microgrid solutions for commercial customers worldwide.”
Alpha Energy is a leading EPC of turn-key renewable energy
systems for utility, commercial, institutional and remote
applications that utilize solar, wind and alternative resources.
Alpha Energy recently completed construction of the 29.6 MW HXOap
Solar Farm in Roanoke Rapids, North Carolina. The company is
currently engaged in several projects, including a 100 MW solar
farm in Cumberland County, North Carolina. Once complete, the
project will be the largest solar facility east of the Rockies and
is expected to generate enough electricity to power 30,000
homes.
"Both of our companies are committed to designing and building
the highest-quality, most innovative and efficient systems,” said
Greg Siemer, general manager and vice president of Alpha Energy.
“UGE’s track record of successfully completing world-class
projects, along with their project financing capabilities, will
ensure this is a successful venture.”
The two companies are already collaborating on several projects.
Details are expected to be available in the near future.
About Alpha Energy
As a member of The Alpha Group, Alpha Energy is able to leverage
the collective experience and resources that come with 40 years as
a global powering solutions pioneer, delivering reliable electric
power in utility scale applications as well as the most demanding
and remote off-grid applications worldwide. Through these
relationships, Alpha Energy is able to provide expertise and
efficiencies that are unique in the renewable energy industry.
About UGE
UGE is a leading full service renewable energy provider for
commercial and industrial clients, with over 2,000 installations in
more than 100 countries. Leveraging project financing and its
proprietary technology platform, UGE deploys solar and microgrid
energy solutions to reduce energy costs and increase resiliency,
while making the world more sustainable.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements made in this press release include forward-looking
statements that involve a number of risks and uncertainties. These
statements relate to future events or future performance and
reflect management's current expectations and assumptions. A number
of factors could cause actual events, performance or results to
differ materially from the events, performance and results
discussed in the forward-looking statements, such as the economy
generally, regulatory approvals, participation in the Offering,
competition in UGE’s target markets, the demand for UGE’s products,
and the availability of funding. These forward-looking statements
are made as of the date hereof and UGE does not assume any
obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially
from UGE’s expectations and projections.
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Alpha TechnologiesAndrew Azure,
360-392-2263CommunicationsorAshley Fallon, 917-338-1668UGE
Communications Manager