Investing in clean power and technology
Convergen Energy is looking to the future with the expansion of our renewable power assets and capabilities portfolio. We are actively pursuing opportunities to acquire or invest in leased, owned, or contracted power and steam generation facilities which will complement our existing facilities.
Vertical integration of new power and steam renewable production facilities combined with our existing alternative and renewable fuels capabilities will consolidate the current assets we own and manage. It will also allow us, as a key player in the sustainable generation arena, to offer greater diversity to our customers and partners. We believe that no one size fits all so a range of options help us to help you in meeting energy management and carbon reduction targets.
Our Convergen philosophy is to consolidate the supply chain from renewable fuel production to cleaner power generation. Energy security and the global imperative to reduce carbon consumption, reliance on traditional fossil fuels alongside the common drive for greater energy efficiency are central to our investment strategy in the sustainability sector. We welcome any conversation or approach that will help us all to further the aim of cleaner power and technology solutions across all industries.
LWEC is a 20 Megawatt power plant located on the shore of Lake Superior in the Upper Peninsula of Michigan. LWEC supplies electric power to DTE under a power purchase agreement for renewable energy. The plant also supplies steam and electricity to the CertainTeed Plant that is adjacent to LWEC in L’Anse. As such, the LWEC Plant cogenerates both steam and electricity for sale.
LWEC is currently fuelled with a combination of renewable fuels including: wood chips, wood by products, and railroad ties. In addition, LWEC burns tire-derived fuel (TDF) that falls under the U.S. EPA alternative fuels program. The TDF we use is considered partially renewable fuel and offers a low moisture, high Btu fuel that improves the heat rate of the plant, helping the wet biomass combust more efficiently. TDF comprises a small portion of the overall fuel mix at less than 10%.
In addition to LWEC, Convergen Energy is working to either acquire or partner with other solid fuel power and/or steam generating facilities that utilize:
• Wood biomass
• Agricultural biomass
• Alternative fuels such as TDF, Pellets, CD Materials and the like
• Blends of fuels incorporating the above types
• Coal plants needing to switch fuels for cost and/or environmental compliance
We also invest in alternative and advanced energy projects – such as such as gasification and other similar advanced technology to provide long-term reliable base load energy supply from the CE engineered solid fuel pellets.
The global debate on carbon footprint reduction, coupled with the rising cost of traditional energy sources and methods, means the need for cleaner power has never been greater. A growing number of customers are recognizing the advantages that Convergen Energy solutions can deliver. These include major single-site organizations with energy generation needs such as municipalities, universities, hotels, hospitals, manufacturers, and industrials with large quantities of non-recyclable residuals.