Companies see alliance on renewable energy projects as large contributor to future growth in fast growing distributed solar and microgrid sector
UGE International (TSX-V:UG, OTC:UGEIF), a global leader in distributed renewable energy solutions for businesses, and Alpha Energy, an engineering procurement and construction firm, have entered into an agreement to work jointly on the development, installation, maintenance and financing of distributed generation projects. The collaboration will put forth a unique vertically integrated team, with the ability to efficiently approach the distributed generation and energy storage markets on a global basis, which is projected to grow at a rate of 300 percent per year according to Navigant Research.
UGE is a leading full service renewable energy provider for commercial and industrial clients with over 2,000 installations in more than 100 countries. Recent projects include the installation of wind turbines on the Eiffel Tower in Paris and the design and installation of a hybrid wind, solar and battery system that provides complete power to a telecommunications facility in the Pacific Islands, as well as the largest distributed solar portfolio in Central America.In May, UGE announced that it was a recipient of an award to develop microgrids in New York City as part of the RISE:NYC initiative.