Energy Investors Funds and NTE Energy
Announce Joint Venture to Develop Hybrid
Renewable Energy Facilities
April 05, 2010 09:02 AM Eastern Daylight Time
NEEDHAM, Mass. & ST. AUGUSTINE, Fla.--(EON: Enhanced Online News)--Energy Investors Funds ("EIF")
and NTE Energy, LLC announced today 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.”
About Energy Investors Funds
EIF was founded in 1987 as the first private equity fund manager dedicated exclusively to the independent power
and electric utility industry. Its consistent, proven investment strategy is to create geographically and technologically
diversified portfolios of electric power-related assets that pr