Biogas
Biogas is one of the oldest forms of renewable energy generation. It involves the conversion of organic material to gas, which is burned to produce energy.
Sources of organic material include animal waste, human waste, green and food wastes, and landfills.
What we do
| 1. Capture organic waste to be introduced into digester for methane generation. In the case of landfill projects, the landfill itself generates the methane, and the digester is not required. | 2. Burn the methane using a methane-burning engine, to produce renewable electricity. | 3. Sell this electricity onto the power grid, together with associated carbon credits and renewable energy certificates where appropriate. In some cases, some or all of the energy may be sold to the waste provider (landfill, farm, etc). | 4.Reinvest this revenue on additional project development, to drive shareholder value.Commence payment of shareholder dividends as quickly as possible. |
Geopower has an option to acquire an ownership interest in a large US biogas project, the details of which remain confidential at this time. Further information will be provided in the Company’s IPO prospectus due for release in early 2013. Geopower expects to be able to leverage this showpiece project to target development of additional biogas development potential with this and other livestock producers. The US Environmental Protection Agency (EPA) estimates 8,200 US dairy and swine operations could support biogas recovery systems with the potential to generate more than 13 million megawatt-hours and displace about 1,670 megawatts of fossil fuel-fired generation collectively per year. Biogas recovery systems are also feasible at some poultry operations.
Reference: http://www.afdc.energy.gov/fuels/emerging_biogas.html
In addition, US landfill biogas opportunities will be targeted; the US Department of Energy has identified approximately 540 landfills that are prospective for development, estimated to be capable of producing in excess of 1,200MW of energy.
Reference: http://www.epa.gov/lmop/projects-candidates/index.html