Parent company to Hu Honua BioenergyLLC, it is a private equity firm, raising private capital for at least three projects:
- NC12, Inc., a high efficiency natural gas gasification proposed plant. Under development and located in Louisiana. Project cost $3.5 billion.
- Russian firm and C Change form fund to invest in nanotechnology firms, $1 billion.
- Co-developer of a sustainable Korean medical science green city, $200 million project.
All of these projects fit the focus of the Transformative Energy and Materials Fund (TEM) much more than a woefully inefficient biomass plant with no long term supply contracts and no firm power purchase agreement. Here’s a link to Russell Read discussing the three most important components of successfully investing in energy projects (high capital costs, anchoring cash flows with long term contracts, and low risk projects – no failures). video link