A new technology for converting forest waste into renewable natural gas was demonstrated for the first time ever today in Auburn.
The Company has secured term sheets for tax equity and debt financing, and is now launching a process to secure equity financing for the DG Fund from cash equity investors. Tenor Capital, the principal investor in Empower Energies through the private investment funds it manages, will be the general partner and investment advisor for the DG Fund. Marathon Capital will be seeking additional cash equity from qualified institutional investors to invest alongside Tenor Capital's investors.
The process, developed by Canadian firm G4 Insights, converts scraps and small trees from forest thinning projects into a renewable natural gas called biomethane. In its first public demonstration, G4 used gas produced on site to fuel an unmodified Placer County truck.