Arensis and Green Mark Energy sign MoU for a 2 MW biopower project in Japan
US- headed Arensis Inc., a leading biomass to energy system provider and license holder of Germany-based biomass technology provider Entrade Energiesysteme AG (Entrade), and Green Mark Energy Co., Ltd (GME), a renewable energy pellet producer, have entered into an agreement for a 2 MW energy project in Kumamoto, Japan. A special signing ceremony took place in Tokyo as part of Los Angeles Mayor Eric Garcetti’s trade mission to Asia.
Green Mark Energy Co., Ltd (GME) is a “greentech” project development company and supplier of biomass fuels. Besides developing biomass projects, the company owns solar power projects with a total installed capacity of 30 MW. Through the joint project development, Arensis plans to deliver 40 Entrade E5 biomass to energy units to Japan, worth US$15 million of equipment and generating 16 GWh of electricity annually – the company’s largest global project to date.
As the supply of biomass fuels, especially wood pellets, is a bottleneck for the fast-growing biomass combined heat and power (CHP) sector in Japan, GME is ready to address this with approved container based pelletizing technology.
Once finalized, GME will be the supplier of wood pellets and woodchips to be used as feedstock for the energy systems. The electricity will feed into the Japanese grid system and is being set up to be compensated under the Japanese Feed-In Tariff (FIT) scheme for a period of 20 years.
It is a great honour to partner with GME and sign our 2 MW development project in the presence of Los Angeles Mayor Eric Garcetti and his Asia trade mission business delegation. Based on an annual production of 16 million kWh, the project would help Japan avoid at least 7 800 tonnes of greenhouse gas (GHG) emissions each year. Compared to oil and coal energy production, this one project means a decrease of 150 000 tonnes of GHG emissions polluting our air over the course of 20 years and exemplifies the importance of renewable energy incentivized programs, said Julien Uhlig, CEO of Arensis and CEO and co-founder of Entrade.
The Memorandum of Understanding (MoU) between GME and Arensis was signed during a ceremony hosted by 31 Ventures and Mitsui Fudosan at one of Tokyo’s newest and most innovative spaces, BaseQ, with featured remarks by Mayor of Los Angeles Eric Garcetti and Matt Petersen, President and CEO of the Los Angeles Cleantech Incubator (LACI) of which Arensis is a portfolio company of.
As one of LACI’s portfolio companies, we are proud to help celebrate Arensis signing this important agreement to deploy their distributed power units in Japan. This agreement will help Arensis grow and accelerate market delivery of their technology while helping to meet Japan’s goal to reduce their dependency on nuclear power, said Matt Petersen, President and CEO of LACI.