Clean energy generation firm announces a commitment of up to $250 million
SAN FRANCISCO--(BUSINESS WIRE)--Brightmark Energy, LLC (“Brightmark”), a private, San Francisco based provider of clean energy generation solutions for commercial and industrial customers in North America, is pleased to announce that it has officially launched operations as of August 1, 2016. Brightmark specializes in delivering tailored clean energy generation solutions that lower customer carbon emissions while at the same time providing greater operational reliability and cost control, at no upfront cost to the customer. Clean energy generation technologies to be offered by Brightmark will include combined heat and power, solar, wind and waste to energy.
Bob Powell, President & Chief Executive Officer of Brightmark, said, “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.”
Brightmark secured an initial equity and debt commitment of up to $250 million from the Jackson Investment Group (“JIG”) to launch its operations. JIG is a private investment firm, which manages over $1.5 billion of assets with businesses in the energy, healthcare, real estate, technology and bioscience industries.
Brightmark is focused on self-originated and developed, customer generation projects as well as acquisitions of clean energy generation projects in solar, CHP, wind and waste to energy.
Zeina El-Azzi, Brightmark’s Chief Development Officer, said, “Initial customer reaction to Brightmark has been tremendous. We have already acquired control of one operating combined heat & power project in the US. We are about to start the construction of another combined heat & power project in Canada and we are in advanced discussions on a number of other acquisition and originated generation opportunities.”
About Brightmark Energy
Brightmark is changing the status quo by putting energy consumer businesses first, enabling them to take control of their costs, lower carbon emissions and increase operational reliability. Brightmark employs technology solutions such as combined heat and power, solar, wind and waste to energy that are specifically tailored based on customer needs. The company allows customers to substantially save energy costs, lower carbon emissions and increase reliability of operations all with no or little upfront capital.