Issue link: http://resourceworld.uberflip.com/i/1239546
A P R I L / M A Y 2 0 2 0 www.resourceworld.com 63 Gevo's Isoutanol Fermenter in Luverne, Minnesota. Photo courtesy Gevo, Inc. is possible. We are working to create a business system that works hand-in-hand with agriculture to improve sustainability and lower the carbon emissions of jet fuel while producing protein for food chain use," said Dr. Gruber. HARVESTING THE SUN'S ENERGY FOR COMMERCIAL AND INDUSTRIAL SITES In February 2020, UGE International Ltd. [UGE-TSXV; UGEIF-OTCQB] announced five new contracts for projects in New York, the Philippines, and Ontario. UGE, a solar energy company, works with the commercial and industrial sectors. The company was founded in 2008 and has dual headquarters in New York City (NYC) and Toronto, and a local office in the Philippines. The company provides options for building owners, such as leas - ing the owners' roof space. The building owner pays a flat lease, and UGE sells energy to the grid via community solar programs. Clients then buy energy for 20-50% less than utility rates. From cli- ent's perspective, this means no capital investment and immediate benefit, with UGE managing 100% of project lifecycle. In New York, UGE and Wildflower Ltd. signed an agreement for a 100 kilowatt (kW) system on a storage facility roof in Holbrook, New York as the latest addition to the relationship between the compa - nies. This partnership enables building owners to earn additional revenue while complying with the Climate Mobilization Act. In this Act, Local Law 94, all new construction in NYC must adopt pre- scribed sustainability measures, which the company believes are best fulfilled by installing rooftop solar energy systems. In the Philippines, the Cebu Institute of Technology (CIT-U) signed a Memorandum of Understanding with UGE Philippines to officially start contracting for a 97 kW solar energy system for their high school building in Cebu City. UGE's CEO, Nick Blitterswyk, and CIT-U's President, Engineer Bernard Nicolas Villamor led the ribbon cutting ceremony at the CIT-U Library Activity Center in February. UGE Philippines also signed a contract with Lite Properties Inc. for a 200 kW project. The solar system is sized to off - set the electrical load of Lite Port Center, eliminating their exposure to the high electricity rates on Bohol Island. The UGE team, together with Lite Shipping Group President and CEO Lucio Lim, Jr., signed the agreement at the group's headquar- ters. With all three clients, UGE is actively evaluating additional buildings to add to its 2020 project schedule. UGE Consulting Services has also signed an agreement to complete the engineer- ing scope of work for a rooftop system in Ontario, which will increase the system's capacity from 218 kW to 350 kW. This will be UGE's first project with Wattsavers and its first project in Ontario, a market it expects to see grow in the upcoming quar - ters. UGE Consulting Services also signed an agreement to complete a commercial solar engineering project for a large com - mercial-scale developer in the southwest USA. Managers expect the above projects to be completed in 2020, with margins in line with the company's stated goals for each business unit. UGE will finance the CIT-U and Lite Properties projects, while the building owner will self-finance the Holbrook system. n