Fund Focused on Sustainability Growth in Louisiana Closes Second Investment

ID: 1070969
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(businesspress24) - NEW ORLEANS, LA -- (Marketwire) -- 01/09/12 -- announced today that its Louisiana Sustainability Fund has closed its second investment designed to spur economic growth in the State of Louisiana. The Fund invested in FlexEnergy Inc., one of the fastest growing companies in North America, adding more than 100 employees since 2009. FlexEnergy manufactures turbine systems capable of producing clean, continuous energy with near-zero emissions from a broad range of fuel sources, including methane and natural gas. SAIL Sustainable Partners LLC is the General Partner of the Fund and is an affiliate of SAIL Capital Partners LLC, a national cleantech investment firm that opened an office in New Orleans in 2011.

Although located in California, FlexEnergy is now looking for manufacturing and engineering partners in Louisiana, as well as evaluating the potential purchases of an oxidizer and piping from Louisiana companies. The Louisiana Sustainability Fund provided growth capital to FlexEnergy to support its expansion and development plans in Louisiana.

The energy-efficient is the world leader in its class with hundreds of thousands of field operating hours burning methane or natural gas. The company's Flex Powerstation™ FP250 is the only system that offers both pollution control and energy generation. The company recently launched its first commercial deployment of the Flex Powerstation™ FP250 system in November 2011 at the Department of Defense's (DoD) , Georgia Army post. The system at Fort Benning converts previously wasted methane into 250 kW of near-zero emissions renewable electricity.

The Louisiana Sustainability Fund is a private capital fund that is dedicated to investing in the future of Louisiana. The Fund's investment strategy is to provide capital to later stage companies that have a Louisiana and sustainability nexus. This past summer, the Fund closed its first investment in SNTech, a company that designs and manufactures advanced, high-efficiency, intelligent, electronically commutated motors (ECMs). Its technology increases the efficiency of electric motors by 50% at a substantially lower cost than competitors. SNTech is the fastest growing smart motor company in North America, and with the Louisiana Sustainability Fund's investment, is poised to rapidly capture greater market share in Louisiana and the Gulf Coast in two of the world's largest markets (energy efficiency & green buildings).

In August 2011, SNTech completed the acquisition of Regal Beloit's Pool and Spa motor business. As a result, SNTech became a major supplier to PoolCorp, a Louisiana based company that is the world's largest wholesale distributor of swimming pool supplies and equipment. SNTech is now at the top of the key global players driving energy efficiency in the electric motor space. SNTech is a Johnson Controls (JCI) "key supplier."

() is a cleantech company that generates clean, onsite power from associated gases and natural gas through its product line of turbines with the lowest emissions and widest fuel flexibility, resulting in both pollution control and energy generation. FlexEnergy Inc. is headquartered in Irvine, CA with pre-existing manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.

() is a world leader in the design and production of highly efficient, smart electric motors known as electronically commutated motors (ECMs). The Company serves markets in the U.S., Europe and Asia. The company is headquartered in Phoenix, AZ with manufacturing operations in Searcy, AK. Its pool and spa motor division is expanding rapidly in Louisiana and the Gulf Coast.

() is a leading cleantech investment firm with a global vision of technologies, markets and opportunities. SAIL invests in cleantech companies with proven technologies, visionary leadership, measurable impact and exciting growth potential. SAIL has invested in a number of today's leading cleantech companies, including Xtreme Power, The Cleantech Group, Dow Kokam, Enerpulse, Activeion, SNTech, FlexEnergy, Paragon Airheater Technologies, Ice Energy, M2 Renewables, Clean Technology Solutions, CNS Response and WaterHealth International. SAIL has offices in California, New York, Washington D.C., and New Orleans as well as a global network of investors and advisors.

Sarah Currie-Halpern

SAC Marketing for SAIL Capital Partners
(917) 498-5748

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cleantech, sustainability, regal-beloit, louisiana, methane, pollution, energy-generation, poolcorp,

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Date: 01/09/2012 - 08:30
Language: English
News-ID 1070969
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Firma: SAIL Capital Partners
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