Click here for more information about Algenuity
Click here for more information about LiqofluxPhenometrics Buy 3 Get 1 Free
Visit cricatalyst.com!Evodos Separation Technology

Money

Enclosed photobioreactor facility from Algeponics

Thawer Ashcroft Crowne Alliance with Algepower

December 11, 2010
AlgaeIndustryMagazine.com

Thawer Ashcroft Crowne & Co. recently announced a financial backing agreement with Algepower, Inc. in the form of offering investment collateral to the backend structure of Algepower’s business plan, where it will provide investors with a “default-proof, collateral-backed, portfolio of funded assets with face values equal to or exceeding the total amount invested in Algepower in case of a default, i.e. $25M.”

Algeponics system

Founded in 2006 and headquartered in Montpelier, Vermont, Algepower is a producer of algal oil and algae by-products, produced in enclosed photobioreactor facilities, called Algeponics® systems. The company has plans to build, own and operate their waste-to-energy systems around the world. Algepower is currently in its initial capital raise of $2.5M for its pilot project, which it plans to operate through Q2 of 2011. The company is expecting to launch its commercial roll out in Q3 of 2011.

Thawer Ashcroft Crowne & Co. develops financial investment models which can play an influential part in acquiring capital for businesses in various industries through the nonconventional strategy of offering an investment security via full collateralization of distinct asset classes.

Thawer Ashcroft Crowne & Co’s $25M commitment will, according to the partners, help ensure that Algepower will be able to access the capital it needs to move seamlessly into commercialization.

“Algepower will not only be financially strong with the involvement of Thawer Ashcroft Crowne & Co, but also will have a capital structure that will fuel its capability to further enhance its energy models,” said Managing Member Rahim Thawer of Thawer Ashcroft Crowne & Co.

More Like This…

Copyright ©2010-2020 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives

From The A.I.M. Archives

— Refresh Page for More Choices
New Food Magazine reports that a new Danish project called “Microalgae for Food” has received DKK 750,000 (approximately $110,000US) in co-financing from the Ministry of ...
Israeli-based Algatechnologies, Ltd. (Algatech) has become the major shareholder in Supreme Health New Zealand, Ltd. (Supreme) to supply the rapidly growing markets in Ch...
Trade Arabia reports that the Oman Centre for Marine Biotechnology (OCMB) recently signed a memorandum of understanding with Swedish Algae Factory to support the domestic...
Due to the overall low thermodynamic efficiency (1 – 4%) of photosynthesis and its impact on crop productivity, substantial efforts are being made to engineer photosynthe...
The 2019 Algae Biomass Summit, the largest algae conference in the world, kicked off Tuesday in Orlando, Florida, with opening keynote presentations and plenary discussio...
Virginia Tech paleontologists have made a remarkable discovery in China: 1 billion-year-old micro-fossils of green seaweeds that could be related to the ancestor of the e...
Judith Lewis Mernit writes in e360.yale.edu that an experiment being conducted by animal science professor Ermias Kebreab at the University of California, Davis, is testi...
Amy Thompson writes in Space.com that SpaceX successfully launched its 15th Space Station cargo-resupply mission on Friday, June 29; carrying a payload of experiments des...
Jason Huffman writes in UndercurrentNews.com that the Kampachi Company, a mariculture business focused on expanding the environmentally sound production of sashimi-grade ...
Researchers at Los Alamos National Laboratory and partner institutions have provided the first published report of algae using raw plants as a carbon energy source. The r...
Israeli-based Algatechnologies, Ltd. (Algatech), is teaming up with the Italian R&D company, Sphera Encapsulation S.r.l (Sphera), to develop innovative functional ingredi...
French researchers have been exploring the potential of algae for boosting the immune systems of animals and reducing the use of antibiotics in livestock farming. Past st...