Wael Al-Mazeedi’s Bet on Fossil Fuel Plants on the Same Electric Grid with Wind Farms

Wael Al-Mazeedi, CEO and Founder of the BTU Group, sizes up the hybridization of renewable energy resources and fossil fuels in its early stages.

From BDNewsLive

Energy sources are allies, not enemies in the world of grid operation. In Chuck Lenzie, the 1102 MW gas-fired plant in Nevada, the steam heated out of solar power streams into the steam cycle of fossil plants, which in turn send it out during sun-less days. Case reversed, the sun emits low-cost energy.

This is not the only significant crisscrossing between natural power from the sun and wind and non-renewable reserves coal, oil, and natural gas. Hybridization is underway, and it is not merely a technological play but an industry’s maturation signified.

From Inhabitat

Wael Al-Mazeedi, Mitsue Oishi, and fellow directors at the BTU Industries share the vision of seizing hybrid combination projects and work hand in hand with like-minded industry leaders. Propelled to resolve the disturbing phenomenon of intermittency of the electric grid, they vouch for the supplementation of fossil fuels when renewable sources are less reliable or unproductive.

Mr. Al-Mazeedi and company tout the backdrop of this bridge to a potential industrial revolution as its “watershed moment.” The CEO extols the conventionality of fossil fuel plant designs, as opposed to disruptive “new energy technologies” that go against the rigidity of the industry to embrace radical change. Hybrid generation, he adds, will promote the co-existence of both resources and not just a substitution of one of the other.

From Novinite

More information about Wael Al-Mazeedi can be accessed at www.btupower.com.

BTU Ventures: Powering Global Development

“Powering Global Development” is the emphatic catchphrase of BTU Ventures, a private equity (PE) firm that propels the global energy industry towards becoming an engine for socially and environmentally sustainable economic and technological escalation.

From BTU Ventures

It is a tough call for the company as it targets power and power-related projects in the emerging economies, in which a challenge is posed to thrust them towards the global competition. But in a little less than a decade, BTU Industries has been nimble and astute in its mission. Now it boasts of an asset portfolio that has rapidly grown and diversified. From its pioneering purchase of PSEG’s 50% equity interest in Meiya Power Company to its eventual divestiture, BTU Ventures has owned up to its venturing identity.

Carthage Power Company (CPC)
This 471 MW combined cycle gas turbine plant is the only independent power producer (IPP) in the country of Tunisia. Auctioned by PSEG in 2004, the PE group led by Wael Al-Mazeed was able to acquire CPC’s 50% rate of return. Owing to 23% of energy distribution in the country, CPC has allowed BTU access to a torrent of cash flow that is supported by a 20-year power purchase agreement in a principal investment area in North Africa.

From BTU Ventures

Taweelah Asia Power Company (TAPCO)

TAPCO is a BTU acquisition and Brownfield co-development project enhanced by an established and well-structured development framework located in the United Arab Emirates. It is at par with the largest independent water and power producers (IWPPs) in the world. Even with a meager 10% equity interest, the company can leverage the spike in water and power demand in the country.

More information on how BTU Ventures power global development through power generation and water desalination projects can be accessed at www.btupower.com.

From BTU Ventures