MANCHESTER, England, December 3, 2014 /PRNewswire/ --
- Strategic Partnership provides Stobart Energy with a greater route to market for its rapidly expanding biomass supply capabilities
- Imperative Energy is a leading provider of renewable energy solutions with over 80 completed installations totalling 45MW of installed capacity
- The companies will co-invest to develop a portfolio of heat ESCos and biomass CHP projects across the UK
The UK's leading supplier of biomass, Stobart Energy, announces that it has entered into a strategic partnership with Imperative Energy Ltd, a leading provider of biomass energy solutions. Founded in 2007, Imperative Energy Ltd. has completed 80 biomass installations totalling over 45MW in energy capacity, with a further 10 projects currently under construction.
Commenting, Stobart Energy CEO, Richard Butcher, said: "We are delighted to forge this tighter relationship with Imperative Energy, one of the leading providers of biomass energy solutions in Ireland and the UK. The companies already have a close working relationship and we are attracted by the high quality nature of Imperative's installations to which we currently supply biomass fuel. Combining Imperative's high quality boilers and installation work with Stobart Energy's proven biomass supply abilities, this partnership can offer an appropriate solution for all end users needing a biomass energy supply." Mr Butcher has joined the board of Imperative Energy Holdings (UK) Ltd with immediate effect.
He added: "Just 2% of the 60 million TOE (tonnes of oil equivalent) UK heat market is currently provided by biomass. The continuing focus on sustainability, energy security and costs, and the supportive policy environment towards biomass, assures us that the fundamentals for growth of the biomass sector are already in place."
Imperative Energy CEO, Joe O'Carroll, said: "At Imperative Energy, we offer our customers a range of renewable energy solutions from turnkey provision of biomass heating and CHP to taking on the role of Project Developer where we design, finance, build and operate large scale biomass projects. Our installations are in place across the Government, healthcare, hospitality and processing (food and manufacturing) sectors, including a district heating system for all Irish State buildings between Kildare Street and Merrion Street in Dublin, Lancaster University, Southmead Hospital, Arden Lea Nurseries and Adelphi Distillery."
He added: "Coming so soon after our recent acquisition by the Gaelectric Group this partnership with Stobart Group is the part of the foundation on which we will build the next growth stage of our business. The Gaelectric Group has an established presence in four key renewable energy sectors, namely onshore wind on the island of Ireland and the USA, offshore wind in the Irish Sea, energy storage and biomass energy. Gaelectric's core strengths in project development, management and financing will bolster our resources in key areas including planning and permitting, project and corporate finance, construction management, energy markets and price optimisation, and contractual relationships on each of our projects. Added to the Stobart Group's unrivalled biomass supply credentials, Imperative Energy is set to make real gains in the UK biomass market."
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About Stobart Energy
Stobart Energy is a rapidly developing business servicing the Renewable Energy sector, sourcing, processing and delivering biomass products to a broad base of customers throughout the UK and Europe. These include small commercial sites, healthcare and industrial sites as well as some of the largest biomass power stations. Stobart Biomass is already the UK's leading supplier of material, currently providing in excess of 1m tonnes per annum to the market, with plans to increase volume to 2m by 2017/8. All products are delivered to site by a dedicated fleet of over 200 vehicles, made up of specialised Chipliner and Walking Floor trailers which are ideal for carrying bulk chipped product.
Stobart Energy is also an investment business, working in partnership with new and existing contacts to develop projects directly linked to the Energy sector. Long-term strategies include the investment and building of a number of new biomass power stations such as the new £110m CHP plant at Widnes that Stobart Energy has developed, as well as supplying the material to operate the plant.
About Imperative Energy Ltd
Imperative Energy Ltd is a leading developer of biomass projects in the UK and Ireland. With over 80 active installations totalling over 45 Megawatts of capacity, it is one of the most active businesses in the biomass sector in the Ireland/UK market. Operating from offices in Dublin and Cheshire, the company has specialist knowledge in all aspects of the design, building and operating of biomass systems for heating and combined heat & power (CHP) applications. It has developed key strategic partnerships with many of the larger players in the biomass supply chain including an exclusive agreement with Schmid AG, a global leader in biomass boiler technology.
It counts amongst its clients Government Departments in the UK and Ireland, many schools, hospitals and universities, multiple large commercial greenhouses, leisure complexes, distilleries and wood processing companies. Imperative Energy has the capability to supply a range of energy solutions to our customers from low temperature hot water systems of 30kW up to medium pressure steam systems of 25 MW. All of the equipment and systems tools supplied by Imperative Energy conform to the most stringent efficiency and emissions standards. Imperative Energy is also actively involved in developing larger-scale CHP projects and long term energy supply contracts (ESCos). Learn more about Imperative Energy at http://www.imperativeenergy.com.
Imperative Energy was acquired by Gaelectric in September 2014.
Gaelectric (http://www.gaelectric.ie) is a renewable energy group specialising in the development and operation of renewable energy assets and energy storage. Since its establishment in 2004, Gaelectric has demonstrated its ability to create and develop out an extensive portfolio of renewable energy projects in a number of key markets. Gaelectric's business is centred on four core areas of project development and operation in renewable energy, namely -
- On-shore wind energy development and operations on the island of Ireland and the United States centred on the State of Montana
- Energy storage systems utilising compressed air energy storage (CAES) technology
- Off-shore wind energy development
- Biomass solutions
Gaelectric has offices in Dublin, Belfast, Manchester, Chicago, and Great Falls (Montana).
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SOURCE Stobart Energy and Imperative Energy