History
The idea for Intrinergy began in 2000 when three current Intrinergy principals embarked on a year-long consulting project for a major gasification technology supplier. The purpose of the project was to develop a business plan to expand and grow the gasification supplier's customer base. During the course of their research and analysis, the Intrinergy principals discovered the world of renewable energy and became intrigued with the technologies and challenges of offering clean options to industrial customers. As the project progressed, three major obstacles for selling gasification equipment became clear:
- Industrial customers were unlikely to put assets on their balance sheets that did not directly relate to their core businesses, even if these assets could create additional value.
- Most companies had an insufficient amount of self-generated feedstock required for gasification machinery. Furthermore, potential customers found it impossible to source and aggregate additional waste streams for use in the machinery.
- Few companies were willing to allocate resources to research sourcing their energy demands from new, clean technologies without credible examples of installed base benchmarks. The highly fragmented nature of the clean energy industry kept success stories from reaching the desks of company decision makers.
Based on this project, the principals realized that the economics behind these three challenges had to be overcome to widely commercialize clean gasification technologies. The idea for Intrinergy was born.
Technology
Since 2001, Intrinergy professionals have traveled the world evaluating more than 100 different biomass conversion technologies. We have formed strategic partnerships with proven technology suppliers allowing Intrinergy to offer the best advanced combustion, gasification, and pyrolysis technologies to customers for different applications, and we have listened and learned from our diverse array of customers.
Feedstock
All our biomass energy projects require significant amounts of feedstock. Intrinergy has developed access to hydrocarbon materials across the globe to support our customers' feedstock needs. Typical examples of feedstock include fiber residues, different forms of woody biomass, and biomass residues.
Financing
Intrinergy is fully capitalized with funds in excess of $100 million to build, own, and operate renewable energy facilities and bring clean, renewable energy to our customers. Intrinergy clients do not take on capital risk to finance projects. Instead, Intrinergy finances the clean energy installation at client facilities and then sells the client energy produced by the installation at a fixed or variable rate that is lower than the client's current energy costs.
