IRVINE, Calif., Sept. 13, 2011 /PRNewswire/ -- FlexEnergy Inc (www.flexenergy.com), a clean tech business with the breakthrough, near-zero emissions solution to generate clean energy from natural gas and waste gas streams, applauds the passage of California's expanded Self-Generation Incentive Program, or SGIP. The program is designed to accelerate the adoption of clean and ultra-efficient energy generation technologies and can significantly reduce the costs of purchasing and installing qualified equipment such as the Flex Powerstation™ FP250 and the Flex Turbine™ MT250.
"The SGIP incentivizes customers to choose environmentally responsible energy technologies that will reduce greenhouse gas emissions and leave California's air clean," said Joseph Perry, CEO of FlexEnergy Inc. "FlexEnergy's ultra-low emissions solutions are available today to serve customers seeking energy independence and a clean source of power."
Customers with combined heat and power (CHP) needs can receive incentives covering up to 60% of the total project cost when purchasing one or more of the 250 kilowatt Flex Powerstation™ or Flex Turbine™. Approved by the California Public Utilities Commission on September 8, 2011, the new SGIP is expected to begin accepting applications this fall.
SGIP Incentive levels are as follows:
Biogas: up to $2,500/kW incentive or 60% of project cost
Conventional (natural gas): up to $500/kW incentive or up to 60% of project cost
*Assumes on-site generation and GHG reduction levels per program guidelines
More information on SGIP can be found here: http://www.cpuc.ca.gov/PUC/energy/DistGen/sgip/
About FlexEnergy Inc:
FlexEnergy Inc (www.flexenergy.com) is the developer of the world's cleanest power platforms, transforming one of the world's largest sources of greenhouse gases (low quality methane) from a source of pollution into a clean energy source. FlexEnergy Inc manufactures a product line of turbines with the lowest emissions and widest fuel flexibility. The energy-efficient Flex Turbine™ MT250 is the leader in its class with hundreds of thousands of field operating hours burning methane or natural gas. The Flex Powerstation™ FP250 with the patented thermal oxidizer is the only turbine which offers both pollution control and energy generation. FlexEnergy Inc is headquartered in Irvine, Calif. with manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.
For more information, visit www.flexenergy.com.
FlexEnergy Inc Investors include SAIL Capital Partners, a cleantech investment firm with unique global insight into technologies, markets and opportunities (www.sailcapital.com), and RNS Capital Partners, a closely held private equity firm with investments in energy services, clean technology and education (www.rnscapitalpartners.com).
SOURCE FlexEnergy Inc