SteelRiver Invests in Sierra Energy

June 26, 2016 |

In California, SteelRiver Infrastructure Fund North America has taken a minority stake in Davis-based Sierra Energywhose 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 energy-dense fuel, without burning. This fuel can then be used to generate electricity or upgraded to renewable transportation fuels such as gasoline, diesel, and hydrogen. Sierra also recently launched Techpipe.com, an online sales platform for emerging, clean technologies. Techpipe aggregates demand by giving users early access to innovative technologies.

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 has 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.

More on the story.

Category: Fuels

Thank you for visting the Digest.