Green power utility Enerji has signed an agreement with state government owned power company Horizon Power to establish a Power Purchase Agreement.
Green power utility Enerji has signed an agreement with state government owned power company Horizon Power to establish a Power Purchase Agreement.
In a statement Enerji said the Memorandum of Understaning was a significant milestone for the company towards commercialisation of the Opcon Powerbox.
The Opcon Power box converts waste into green electricity.
The companies have agreed to work together to integrate Enerji's Opcon Powerbox into Horizon Power's Canarvon power station.
"This is a significant step forward towards commercialising the Opcon Powerbox in Australia and a tangible consequence of Enerji's focus on commercial arrangements for the roll-out of our clean power service," said Enerji's managing director and chief executive officer Greg Pennefather.
"We view our relationship with Horizon Power as a strategic partnership with benefits for both parties," he said.
Horizon Power's general manager shared services, Peter Jensen said, "We are looking forward to working with Enerji on this exciting technology which has the potential to improve the efficiency and carbon footprint of existing generation equipment."
"It is particularly suitable to regional power generation due to its ability to produce base load electricity without requiring additional transmission infrastructure," he said.
See company statement below:
- Enerji and Horizon Power have signed of a Memorandum of Understanding ("MOU") towards establishing a Power Purchase Agreement ("PPA")
- MOU is significant milestone for Company towards commercialisation of Opcon Powerbox
- Subject to agreement on the PPA, both parties have agreed to work together to undertake the integration of Enerji's Opcon Powerbox technology at Horizon Power's Carnarvon power station in Western Australia's Gascoyne Region
Emerging green power utility company, Enerji Ltd (ASX: ERJ) has reached a significant milestone towards the Australian-wide commercialisation of its Opcon Powerbox technology today, followingthe signing of a Memorandum of Understanding ("MOU") with Horizon Power.
The MOU provides a commercial framework for a Power Purchase Agreement which will integrate Enerji's Opcon Powerbox into Horizon Power's Carnarvon power station.
Furthermore, the MOU will outline how the two groups will operate the commercial "integration project" at the Carnarvon power station. Under the arrangement, Horizon Power will provide access and information on the site and assist Enerji to observe, research, identify, model, plan and schedule for the integration of the Opcon Powerbox into the power station.
Enerji's Managing Director and Chief Executive Officer, Mr Greg Pennefather said, "This is a significant step forward towards commercialising the Opcon Powerbox in Australia and a tangibleconsequence of Enerji's focus on commercial arrangements for the roll-out of our clean power service. We view our relationship with Horizon Power as a strategic partnership with benefits forboth parties."
Horizon Power's General Manager Shared Services, Peter Jensen added, "We are looking forward to working with Enerji on this exciting technology which has the potential to improve the efficiency and carbon footprint of existing generation equipment. It is particularly suitable to regional power generation due to its ability to produce base load electricity without requiring additional transmission infrastructure."
Enerji has earmarked the first "3rd Generation" Opcon Powerbox, which is built specifically for Australian compliance and conditions, for installation at the Carnarvon power station.