By
GreenTech Lead Team: SAIL Sustainable Partners, a cleantech
investment firm, announced its Louisiana Sustainability Fund has closed its
second investment designed to spur economic growth in the State of Louisiana.
The Fund is invested in FlexEnergy, a cleantech company that generates clean,
onsite power from associated gases and natural gas through its product line of
turbines with the lowest emissions and widest fuel flexibility.
The
Louisiana Sustainability Fund
a private capital fund that is dedicated to investing in the future of
Louisiana. The Fund’s investment strategy is to provide capital to later stage
companies that have a Louisiana and sustainability nexus.
The
Louisiana Sustainability Fund helps FlexEnergy expand
its development plans in Louisiana. The company is now looking for
manufacturing and engineering partners in Louisiana, as well as evaluating the
potential purchases of an oxidizer and piping from Louisiana companies.
The
company’s Flex Powerstation FP250 is the only system that offers both pollution
control and energy generation. The company recently launched its first
commercial deployment of the Flex Powerstation FP250 system, which converts
previously wasted methane into 250 kW of near-zero emissions renewable
electricity at the Department of Defense’s (DoD) Fort Benning, Georgia Army
post.
FlexEnergy
recently announced
the first commercial order of its Flex Turbine MT250 EX to Gammel
Engineering GmbH, a German leader in heating plants, combined heat and power
plants, district heating, industrial plants and building services.
The
Louisiana Sustainability Fund closed its first investment in SNTech, a
company that designs and manufactures advanced, high-efficiency, intelligent,
electronically commutated motors (ECMs). Its technology increases the
efficiency of electric motors by 50 percent at a substantially lower cost than
its competitors.