Alter NRG entered into a technology license agreement with NRG Energy, Inc. – one of the largest independent power producers in the United States – on April 3, 2007. Under the terms of the License Agreement, Alter NRG granted NRG a five-year exclusive license to use the Westinghouse Plasma Corporation proprietary gasification technology in the United States, primarily to produce electric power using coal and other feedstocks.
Together with our strategic partner, NRG Energy, we have identified over 320 retrofit opportunities in North America for 100 MW to 300 MW facilities. Each retrofit would generate an estimated $30 million to $75 million in technology sales to Alter NRG.
NRG Energy has a full-time team dedicated to power plant retrofits and the company believes innovative technologies such a plasma gasification will play a significant role in meeting America's growing energy needs.
NRG Energy Somerset, Massachusetts Retrofit Project
In November, 2009, the NRG Energy Somerset Massachusetts 110 megawatt coal retrofit project using Westinghouse Plasma Technology was selected to proceed into the detailed due diligence phase of the US Department of Energy (DOE) Loan Guarantee Program. NRG Energy continues to advance the renewable energy project, which will use up to 35% to 100% biomass. The proposed coal retrofit project would provide enough electricity to support approximately 100,000 homes in southeast Massachusetts.
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