Alea Management – Current Activities
Listed below is a brief description of some of Alea’s current projects. As much of the work Alea undertakes is confidential, in many cases we are unable to disclose specific information that could jeopardize this confidentiality.
Executive Management of a cogeneration company located in Saudi Arabia: Source Energy Ltd, the primary operating subsidiary of National Trigeneration CHP Corporation (NTCC), contracted with Alea to replicate in Saudi Arabia Alea’s previous success in the development, growth and management of the largest district energy company in the U.S. – The Trigen Companies. Alea’s principals hold key executive roles within the company, and have relocated critical personnel that are based in Saudi Arabia and direct Source Energy’s development.
In the first six months this partnership with NTCC has submitted bids for over $750 million in cogeneration projects, and has been selected as the preferred bidder for two major projects in Saudi Arabia.
Source IT Energy. Alea identified enterprise-class data centers as a major new sector that can reduce its primary operating expense and its greenhouse gas emissions by 20-40% by using waste heat from electricity generation to generate chilled water for cooling. This rapidly growing market segment, combined with technical advancements in the power density of computer servers, data storage and networking gear, creates an ideal electricity and chilled water demand for cogeneration. By entering into exclusive development agreements with utilities Alea, through its Source IT Energy affiliate, is bringing the economic and environmental benefits of cogeneration to data centers while enhancing the reliability of power and cooling to data center customers. Source IT Energy is currenly working on developing a data center in the Menomonee Valley in Milwaukee Wisconsin. Click here to learn more on JSOnline.
Operating Partner with a U.S. based Clean Tech Venture Capital firm: Alea partnered with a Clean-Tech V.C. firm to assist in due diligence, staffing and operation of a potential portfolio company that would anchor the creation of a new clean energy fund.