Brightmark Energy secures funding and announces launch of operations
In the United States (US), Brightmark Energy, LLC (Brightmark), a private, San Francisco based provider of clean energy generation solutions for commercial and industrial customers in North America, has announced that it has officially launched operations as of August 1, 2016. The company specializes in delivering tailored clean energy generation solutions that lower customer carbon emissions while providing greater operational reliability and cost control, at no upfront cost to the customer.
According to a statement, the clean energy generation technologies to be offered by Brightmark will include combined heat and power (CHP), solar, wind and waste-to-energy (WTE). Brightmark is focused on self-originated and developed, customer generation projects as well as acquisitions of clean energy generation projects in the said technology fields.
I am very excited about the incredible strength, depth, versatility, and experience of the Brightmark management team. To date, the Brightmark executive management team averages over 25 years of collective clean energy generation experience individually and have successfully completed well over 10 Gigawatts of clean energy generation projects worldwide, said Bob Powell, President and CEO of Brightmark.
Brightmark secured initial equity and debt commitment of up to US$250 million from the Jackson Investment Group (JIG) to launch its operations. JIG is a private investment firm, which manages over US$1.5 billion of assets with businesses in the energy, healthcare, real estate, technology, and bioscience industries.
Initial customer reaction to Brightmark has been tremendous. We have already acquired control of one operating combined heat and power project in the US. We are about to start the construction of another combined heat and power project in Canada and we are in advanced discussions on a number of other acquisition and originated generation opportunities, said Zeina El-Azzi, Chief Development Officer, Brightmark.