Collegiate Clean Energy (“CCE”), a subsidiary of INGENCO formed for the purpose of serving retail “green energy” customers in the mid-Atlantic, is proud to announce that it has arranged a contract for the direct sale of electricity to a college campus located in Maryland. In the near future, it is anticipated that the Company will sign a number of like agreements with colleges and industrials intent upon reducing their carbon footprint, while also locking in attractive, long-term power rates. INGENCO’s utilization of landfill gas as a source of sustainable energy provides retail customers with a constant source of sustainable power, unlike wind and solar output which tends to fluctuate with the prevailing weather conditions.
Building upon a long and successful track-record of developing and operating LFG-to-Energy plants, INGENCO is currently developing and constructing four new plants in three states: Virginia, North Carolina, and Florida. When completed, the plants will represent 20 MW in new installed capacity, and bring the Company’s total number of energy plants to 20. It is anticipated that three of the new plants will be contracted under long-term PPA’s, with the fourth plant utilized to support a marketing initiative spearheaded by the Company’s new retail subsidiary, Collegiate Clean Energy.
INGENCO’s proposal to build a 4 MW LFG-to-Energy plant at the Smith Gap landfill was recently chosen as the best initial offer by the Roanoke Valley Resource Authority, with local authorities selecting the bid from among seven competing RFP responses. The project, as proposed, would provide electrical power to over 1,300 homes, and would build upon the Company’s expanding base of LFG-to-Energy plants in western Virginia. Currently, the Company is developing and constructing four new LFG-to-Energy plants, two of which are located in the western Virginia cities of Dublin and Bristol. Management is currently in final negotiations with the Roanoke Authority, with the expectation that a conclusive agreement can be reached in the near future.