Inerjys acts as a strategic investor, providing added value beyond growth capital.
Areas of investment
- Solar Energy
- Wind Energy
- Energy Storage
- Ocean and River Energy
- Biomass Energy
- Thermal Energy
- Smart Grid
- Electrification of Transport
- Food Sustainability
- Water Solutions
- Building Efficiency
AESP Green Energy is a Quebec renewable energy company, specializing in the development of off-grid solar solutions since 2013. AESP Green Energy built a product to serve the staggering 600 million people living off-grid in African Sub-Saharan countries, as well as the 250 million people living without access to electricity in India and in South Asia. Current alternatives to providing electricity in these territories, such as kerosene lamps, are expensive and harmful for the local communities' health and environment. AESP Green Energy has developed an approach involving local communities to provide clean and affordable electricity, by introducing the i-Kabin in various Sub-Saharan villages. The i-Kabin is a solar-powered charging station installed in the village center, designed to recharge mobile batteries (i-Packs), recharge mobile phones, and perform various tasks. Customers rent the mobile batteries (i-Packs) to provide lighting for their homes, to charge their cell phones, and to power a wide range of electric appliances, which can also be rented from the i-Kabin. The i-Pack (mobile battery) comes with a range of accessories like the LED light kit (two LED lights of 3 Watts each), a DC fan, a USB multi hub connector, and a radio. The life of the i-Pack can last up to 50 hours. Once the battery is discharged, the customer brings the battery back to the i-Kabin to be recharged. The customer can recharge their mobile phones at the i-Kabin and “pay as they use” via mobile payment, or use other types of payments. AESP successfully integrates the i-Kabin in projects, by partnering with a local African partner for each area in which AESP wants to implement the i-Kabin. The local African partner uses its network and resources to implement, commercialize, and operate the i-Kabins. A pilot project was conducted in Ivory Coast, where 7 i-Kabins were deployed. Residents were very responsive, and used the i-Kabins frequently. More i-Kabins will soon be placed in Senegal, Burkina Faso, Mali, Nigeria and Philippines.
Inerjys has recently engineered for AESP GE, a strategic partnership with French oil and gas giant, Total. Total will use Awango, their Pan African wholly owned subsidiary to operate the i-Kabins. Hence, Awango will act as the local African partner, providing local support and expertise on the ground.
Solantro is the first company to introduce a semiconductor chipset specifically targeting distributed power generation. Distributed power generation is defined as any power generating technology that produces power close to where electricity is used or at the point of consumption, rather than centrally through centralized power plants. They offer consumers a low cost alternative to centralized power, and eliminate inefficiencies associated with the distribution of electricity from centralized power plants. However, current distributed power generation solutions are built on discrete components and DSP processors (digital signal processor), and are neither optimized for size nor low cost. Solantro provides an innovative solution with their chipset to increase the efficiency and reduce both CAPEX and OPEX of distributed generation technologies. Solantro's chipset integrates power management, intelligence, programmability, and communications. The chipset is applicable to a broad range of existing and future power management and conversion applications including integration into PV solar panels, solar micro/mini/and string inverters, generator control and power conversion, and other on-grid and off-grid applications. The market scope includes both renewables and conventional power generation. Solantro's business plan is to actively partner with original equipment manufacturers (OEMs) and original design manufacturers (ODMs) to produce their products using the Solantro chipset at the core. Solantro successfully achieves cost-efficiencies for customers by designing and manufacturing chipsets with a set of integrated circuits that are the ideal building blocks for the next generation grid applications. The pre-designed integrated circuits were built specifically to measure, process and drive complex power architectures. They contribute in achieving lower CAPEX and a faster time-to-market, as Solantro’s chipset allows customers to focus on their core expertise instead of spending non-value-added time in designing and modifying custom circuits. Customers also benefit from a high level of flexibility once the chipset is integrated to their distributed generation technologies, as Solantro provides an open API to firmware architecture.
Inerjys introduced the Solantro chipset to AESP Green Energy, a portfolio company. AESP GE is currently using the Solantro chipset in their proprietary i-Kabin. We have therefore built a strong portfolio synergy, and are exploring similar opportunities.
Goliath Wind, based out of Tallinn Estonia, created a breakthrough product in 2008, challenging the way the wind industry manufactures, and retails wind turbines. The Capella Wind Turbine was introduced in the market as the first highly cost-efficient and modular 3.3MW wind turbine. The groundbreaking modular design of the ring generator allows fast local production and contributes in driving the cost of energy down. Goliath Wind enables regional partners (project developers) to manufacture Capella at half the cost of similar turbines produced by the 5 largest vendors in the industry, such as GE, Siemens and Vestas. Moreover, being able to manufacture the turbine wherever a wind project is located yields a substantial cost advantage, and provides Goliath with a unique opportunity to scale and expand globally. Goliath Wind is successfully penetrating the European market by partnering with Prokon, a project developer and manufacturer located in Turkey. The company is also beginning to expand in Asia, having signed a joint venture with a local partner in India, Steelite Engineering LTD, to construct Wind Projects in this growing energy market.
Schottel Hydro is a German company who specializes in harvesting power from tides, and rivers. Schottel Hydro manufactures and retails an unprecedented modular hydrokinetic turbine, the SIT instream turbine, and a semi-submerged modular floating platform supporting multiple turbines and including power conversion, the TRITON platform. Schottel Hydro is equipped with highly cost-efficient technologies generating power sourced from tides. Tidal energy is a sector of the renewable energy market, on the verge of experiencing disruptive growth. Tides are extremely predictable and provide a constant supply of power, as they are the result of the Earth’s rotation, combined with the gravitational pull of the moon and sun. The ebb and flow of tides are easily forecasted based on well-known systems, such as lunar calendars.
The SIT instream turbine
The SIT instream turbine is robust and small in size, weighing only 1t, and designed with passive adaptive blades to withstand hostile sea conditions. Competitive turbines on the market are much larger and heavier, with weights ranging from 130-200t. The turbine's smaller size allows customers to install the optimal quantity of SIT turbines based on the site`s terrain, and on the desired power output. Reducing the turbine size leads to a better ratio of power and materials used, and simplifies the turbine`s maintenance as complex subsystems are avoided, thus keeping CAPEX very low. Moreover, the SIT turbines can be positioned to optimize space and power output, and are easier to transport, than larger and heavier turbines. A platform operating with twenty SIT turbines generates approximately 1MW of power. The SIT instream turbine is also groundbreaking as it was built to be installed on various types of power producing platforms, widening Schottel Hydro’s market opportunities, and standardizing the manufacturing process, thus achieving economies of scale. The SIT instream turbines are currently installed on Sustainable Marine Energy’s (SME) PLAT-O platforms, and on BlueTEC’s three standard container-sized modules platform.
The TRITON platform
The TRITON platform was designed for large-scale applications in tidal projects. This platform has a revolutionary design with a main structure (tether arms), which pivots to follow tidal movements, significantly decreasing the risk of damaging the platform and maximizing the power output generated. The TRITON’s ballast system allows the platform to quickly float out of the water within 30 minutes by pumping water out of the ballasts. This functionality allows for time-efficient maintenance and inspections to be conducted. The platform can sink back in the water to its operating mode by pumping water in the ballasts. This unique feature significantly reduces customers’ OPEX. A damaged turbine can be removed from the platform rapidly, and total yield is not affected if a single turbine is out of operation. The electrical on-board equipment can be accessed while the system is either in the operating or maintenance mode. The TRITON platform can support a range of turbines from third party developers, and was also designed to operate SIT instream turbines. In addition to the innovative ballast system, the TRITON differentiates itself from competing platforms due to its highly modular and customizable design, and the ease of its installation process. The TRITON’s modularity gives customers the ability to select one row or multiple rows of turbines to be installed on the platform based on the site`s terrain and layout. The installation of the platform is facilitated by the TRITON`s buoyant design, which allows the platform to be floated into place, removing the need for cranes during installation, and thus decreasing installation costs.
The FORCE is the largest tidal farm project in the world located in the Bay of Fundy, Nova Scotia. The FORCE project aims to exploit the Bay of Fundy`s site power capacity of approximately 300MW. Black Rock Tidal Power (BRTP), Schottel Hydro's Canadian subsidiary was selected to install 2.5MW of power generating capacity by operating the TRITON platform, paired with twenty SIT turbines during the first phase of the FORCE project. Black Rock Tidal Power was awarded the feed-in tariff (FIT) and the respective power purchase agreement (PPA). The electricity generated will be fed into the North American power supply system to service Canadian homes. A second TRITON platform will be installed in 2017 to generate an additional 2.5MW of power for a total output of 5MW. BRTP was mandated to generate an additional 30MW of power output after the first two phases of the project are completed.
Inerjys is a lead investor in financing the FORCE project, and thereby successfully creating a bridge of commercialization between our portfolio technologies, and large utility projects that we finance. Our involvement in financing and owning a power plant at the FORCE site allowed us to introduce our cost-efficient portfolio technologies from Schottel Hydro, the SIT instream turbine and the TRITON platform, to members of the FORCE management team who carefully selected them to operate during the first phase of the project.
Black Rock Tidal Power (BRTP) is a Canadian, Halifax based company, building and operating Schottel Hydro's TRITON platform and SIT instream turbine. BRTP implements Schottel Hydro's innovative technologies in projects across the Americas to achieve prominent IRR`s. BRTP is currently involved in operating a berth in the Bay of Fundy, Nova Scotia, where the TRITON and SIT instream turbines are producing high yields.
Green Power Labs is a smart grid company established in Nova Scotia, Canada, who has developed a technology improving the cost-efficiency of solar photovoltaic systems (solar PV, solar panels). GPL introduced a predictive analytics platform to accurately forecast the sun’s immense capacity as a power generation resource, and a predictive control hardware which can adjust the solar power output, in order to match the demand needed for solar power.
Predictive analytics encompasses a variety of advanced predictive analytics methods that analyzes current and historical facts to predict future events, and effectively prepare for their expected impact. Green Power Labs' proprietary SolarSatData technology platform allows utility clients using solar power in their energy mix, to reduce operational costs by up to $20/MWh of solar power, and building management clients to reduce energy costs by up to 18%. The SolarSatData software-as-a-service platform offers services such as a mapping and assessment of a customer's solar farm, or of a potential solar PV site. The software's forecasted data is used to determine how much solar power can be harnessed from a specific site, and the optimal locations to install solar panels to maximize power output. The predictive analytics’ platform has many other applications, such as the ability to forecast weather data in order to optimize building energy management efficiency, and thereby reduce energy costs. Predicting weather data will allow building managers to pre-heat or pre-cool buildings.
GPL’s predictive control is a product complementing the SolarSatData software-as-a-service platform. It uses the predictive analytics data to adjust the energy output generated by solar PV's, based on forecasted data. The predictive control is also used for building energy management with real-time data.
Green Power Labs’ integration of predictive analytics and predictive control operating jointly offers customers a unique opportunity to significantly decrease operational expenses, resulting in utility savings. GPL is the only company marketing both predictive analytics and predictive controls as co-acting tools, creating synergies in the solar power industry. Green Power Labs’ fast global expansion is facilitated by subsidiary companies located in USA, Australia, China and Hong Kong.
Inerjys has helped develop a sales channel in between the multinational French utility company EDF, and GPL. EDF's subsidiary company, Store And Forecast, retails an array of technologies aiming at optimizing the storage and forecasting capacities of renewable energy. Store and Forecast now offers Green Power Labs products to their customers, as a reliable forecasting solution.
Kelvin TE is an innovative thermal energy company based in Toronto, Canada. Kelvin's proprietary Thermal Energy Matrix Storage ("TEMS") technology converts inexpensive off-peak or renewable electricity into 'CleanHeat' at 95% efficiency.
This CleanHeat is then stored at ultra-high temperatures and densities using graphite solutions, until its energy is released when needed during peak times. Their TEMS technology is capable of reaching temperatures of up to 2,500K (2,200°C) and a storage capacity of around 820kWh/t, which are both well above the capabilities of competitors. Their K10 and K200 units will have the capacity to store up to 10MWh and 200MWh, respectively.
Their technology provides an alternative source of high temperature thermal energy, thereby effectively helping to replace the use of fossil fuel-burning boilers and generators. It also allows for significant cost savings, given the energy efficiency benefits of its steady state operations.
TEMS can be applied to virtually any process that combusts a fossil fuel in order to produce thermal energy, with specific target markets in district heating & cooling, industrial heating & cooling, and power generation plants. With such wide array of applications, Kelvin TE has the ability to significantly help reduce greenhouse gas emissions.
Inerjys is working actively with Kelvin's experienced team to expand their commercialization and international reach.
Oscilla Power is a Seattle-based company that has developed a proprietary technology (the "Triton") that unlocks the tremendous renewable energy potential of the world's oceans (estimated at ~2TW). Their ground-breaking low-cost wave energy converter (WEC) uses the ocean waves to generate sustainable power. The ocean waves represent an untapped large-scale renewable energy source that offers much better predictability than other sources of energy. Wave energy is one of the cleanest energy resources, as it produces no carbon emissions.
Oscilla Power's Triton wave energy converter is the first of its kind, as it provides high efficiency, low-cost installation, and high survivability - all of which have historically been the main downfalls for other WEC companies trying to create a technology able to withstand the physical impact of the open ocean in a cost efficient manner. The Triton will deliver an average power of more than 600kW in energetic locations worldwide, and they can be arrayed together to form utility-scale power plants.
They have recently been awarded important grants by the US Department of Energy (DOE) and by the State of Washington, which will be used to design, build and test a community-scale Triton in Hawaii. These awards are an incredibly strong validation of their technology. In conjunction, Oscilla is also aiming to begin commercialization on a global scale. This is the area where Inerjys is actively dedicating its time and expertise in helping make Oscilla's Triton the next revolutionary renewable energy producer.
Still Good is a sustainable food brand whose main missions are to combat food waste and alleviate local food insecurity.
After discovering that up to twenty percent of Canadian crops go to waste just because they are ugly, this Montreal-based company knew that something had to be done. Still Good cooked up healthy soups that not only taste great but are also great for the planet. They source their produce from local farmers but only use their misshapen, so called “ugly” but still good veggies — saving tons of produce from going to waste!
Considering that 5.5 million Canadians go to bed hungry every night, Still Good has also established a charitable partnership with Moisson Montreal, Canada’s largest food bank. With the help of Moisson Montréal, for every soup sold, Still Good will donate one meal to a child in need.
Still Good is actively changing consumers mindsets and raising awareness about the economic and environmental impacts of food waste by communicating that food should never be wasted. Inerjys also strongly believes in the impact that reducing food waste can have in helping reverse the effects of climate change. Inerjys Ventures’ founder and managing partner, Stephan Ouaknine, is co-founder and chairman of Still Good. Steven Singer, founder of Glutino, a multinational gluten-free food company, is acting as a trusted advisor.
Inerjys Renewables is a clean energy and sustainability project finance and project development company. It operates in all of the same sectors as Inerjys Ventures, including Wind, Solar, Off-Grid Solar, Ocean and River Hydro, Food Sustainability, Water Solutions, Smart Grid among other clean tech related fields. As owner and operator of projects backed by long term PPAs (Power Purchase Agreements), Inerjys Renewables seeks out best of breed technologies which deliver superior efficiencies on both CAPEX and OPEX, as well as superior power output. Inerjys Renewables searches for projects worldwide, and leverages strategic partnerships with global energy companies, and the Inerjys Ventures Portfolio to create synergies and maximize profitability.