(from press release) – SteelRiver Infrastructure Fund North America (“SRIFNA”) announces an investment in renewable innovator, Davis-based Sierra Energy, acquiring a minority interest in its holding company. Sierra Energy powers homes and fuels cars with waste. Focused on creating carbon-negative energy solutions, Sierra Energy’s FastOx® gasifier is now under construction in partnership with the U.S. Army and the California Energy Commission.
Using steam and oxygen, FastOx gasifiers break down trash into an energydense fuel, without burning. This fuel can then be used to generate electricity or upgraded to renewable transportation fuels such as gasoline, diesel, and hydrogen.
Chris Kinney, CEO of SRIFNA, commented: “We are excited about this opportunity to invest in an environmentally-friendly technology with game-changing implications for sustainable waste management.”
SteelRiver Infrastructure Partners (“SteelRiver”), the controlling affiliate of SRIFNA, is an investment management firm focused on the North American infrastructure with approximately $2.5 billion under management in the transportation and energy infrastructure subsectors. “SteelRiver seeks opportunities to support renewable energy initiatives and innovative clean technology that has benefits for North American infrastructure,” Kinney says.
“We are pleased to team up with a well-respected energy investor who supports our goals of promoting sustainable energy solutions and zero-waste,” observed the CEO of Sierra Energy, Mike G Hart.
Named a ‘Champion of Change’ by the Obama Administration, and an ‘Environmental Hero’ by the U.S. Environmental Protection Agency, Hart is thrilled to see nearly a decade of research, development, and optimization of FastOx gasification cumulate in its full system operation later this year.
Sierra Energy is not stopping at innovating the waste industry. The clean-tech company recently launched Techpipe.com, an online sales platform for emerging, clean technologies. Techpipe aggregates demand by giving users early access to innovative technologies.
For more information, visit SteelRiver Infrastructure Partners online at www.steelriverpartners.com or Sierra Energy at www.SierraEnergy.com.