Genalta Power Joins Pengrowth Energy Towards Waste Energy to Power Project

Genalta Power has joined Pengrowth Energy towards a power project. Genalta Power is an independent operator and a developer of facilities that generate electricity from waste energy. The company has joined Pengrowth Corporation while announcing a 2 MW waste energy to power project.

This project goes on to represent five separate and distinct opportunities for developing renewable energy. Additionally, Genalta has received a grant of $1.89 million towards this project from the CCEMC (Climate Change and Emissions Management Corporation). For these initiatives, CCEMC’s funding plays a crucial role in shaping the financial feasibility of Alberta’s waste energy projects.

Genalta will be installing and operating this power plant through a PPA (power purchase agreement) for onsite power usage. Pengrowth will be purchasing the energy produced from this project while participating as the minority stakeholder. Apart from generating sustainable power from various wasted energy sources, this project has the potential for generating credits towards green house offsets. This will prove the power installations’ commercial viability that has a size less than 5 MW, thus providing the much needed power while reducing the facility’s overall operating costs.