Energy Investors Funds and NTE Energy in JV to develop hybrid RE facilities

NEEDHAM & ST. AUGUSTINE, USA: Energy Investors Funds and NTE Energy, LLC announced the formation of EIF NTE Hybrid Renewable Energy, LLC, a joint venture created to develop, construct and operate large-scale hybrid renewable energy facilities throughout the United States.

Hybrid renewable energy projects combine different types of renewable and traditional energy technologies to generate sustainable sources of clean electricity at a lower cost to customers than traditional renewable energy resources.

To produce hybrid energy, EIF NTE Hybrid Renewable Energy will construct plants that combine some of the world's leading solar, biomass, and other renewable technologies with natural gas turbine technology to produce low-cost renewable sources of electricity produced in a clean and sustainable manner. EIF NTE Hybrid Renewable Energy plans to announce new projects in Florida, South Carolina, and Alabama in the near future.

Lucas Missong, Vice President of Energy Investors Funds, said: “We are excited to be involved in funding the development and deployment of this exciting technology. We believe it will revolutionize the generation of clean, renewable energy in the United States.”

“Hybrid renewable energy is a great way to produce large quantities of clean, renewable energy in a cost-effective manner,” said Seth Shortlidge, President of NTE Energy. “We are delighted to partner with EIF to develop and construct a number of these facilities in the upcoming years.”