Cirque Energy announces agreement for DGU power plant

By Cirque Energy Inc. | May 21, 2015

Cirque Energy Inc. has announced that it has executed a joint development agreement (JDA) with Cat Cay Yacht Club, North Cat Cay Island, Bahamas, for the potential development and sale by Cirque to Cat Cay of renewable energy to be produced by a generation facility using Cirque’s deployable gasification unit (DGU) technology. The operation will process the island’s solid waste into syngas fuel using Cirque’s gasification and cleanup technology to offset diesel fuel to power an engine generator set.

“We are tremendously excited to announce this joint development agreement with Cat Cay. This development represents a significant milestone in the relatively short history of our company,” stated Roger Silverthorn, Cirque Energy Chairman, president and CEO. “This step forward in the commercialization of our renewable energy business proposition will provide important validation of our DGU technology and yield substantial revenue and income for Cirque in the coming years.”

“We are delighted to be partnering with Cirque Energy in the potential development and deployment of a new power generation plant at the Cat Cay Yacht Club,” said Paul Benton, renewable energy manager of Cat Cay Yacht Club. “We are committed to providing a reliable source of environmentally friendly, renewable energy to our member-residents and Cirque was the obvious choice for us to partner with to deliver this innovative solution. We look forward to a long, mutually-beneficial relationship with Cirque.”

The JDA tentatively calls for Cirque to provide a 600 kW dual-fuel generator, a deployable gasification unit module, and a fuel handling module. The facility will be designed, constructed, operated and maintained by Cirque and can provide in excess of 25 years of service. The JDA presents an opportunity for Cirque and Cat Cay to execute a power purchase agreement with an initial term of ten years.

“Our DGU energy facility will provide an average base load generation of up to 600 kilowatts of power per hour at ninety-percent availability for an annual delivery of up to 4,700 megawatt-hours of baseload renewable energy for Cat Cay,” stated Richard L. Fosgitt, executive vice president for engineering and technology of Cirque Energy. “This is a wonderful opportunity to showcase our technology for the benefit of a great project partner. This will also be one of our first opportunities to deploy a DGU using municipal solid waste in a commercial setting.”

The estimated capital requirement for the project is over $2 million and the energy facility is expected to be placed in service during the first quarter of 2016.