Agreements Announced In Tokyo, Seoul and Vietnam
LOS ANGELES – Los Angeles Mayor Eric Garcetti’s trade mission to Asia included several leaders from the Los Angeles Cleantech Incubator (LACI) and two of its portfolio companies, Arensis and Pick My Solar, where they signed major deals with international partners. Los Angeles has long led the world on the march toward a green, inclusive economy, and the newly forged partnerships will accelerate market transformations and further cement Los Angeles as a global hub for cleantech innovation.
Mayor Garcetti’s delegation of public and private sector leaders began on July 23 for a ten-day trade mission to Asia for meetings with counterparts in countries across the Pacific Rim to foster relationships and promote investment in Los Angeles. LACI President and CEO Matt Petersen, Arensis CEO Julien Uhlig, and Pick My Solar CEO Max Aram were joined by the Mayor to cement new agreements.
“Celebrating these important milestones for our portfolio companies and partnerships helps build on LACI’s leadership to create an inclusive, green economy,” said Matt Petersen, President and CEO of LACI. “We’re honored to be have been part of Mayor Garcetti’s trade delegation and have had him join us to highlight the agreements we celebrated and signed during his successful trade mission.”
Mayor Garcetti and Petersen attended the signing ceremony of a joint project development agreement between Arensis, a leading biomass to energy system provider, and Green Mark Energy Co., Ltd (GME), a renewable energy pellet producer. Arensis plans to deliver 40 Entrade E5 biomass to energy units for a 2 MW energy project in Kumamoto, Japan, and Green Mark Energy will supply wood pellets and wood chips to be used as feedstock for the energy systems. The project will help Japan meet its goal to reduce its reliance on nuclear energy.
Mayor Garcetti and Petersen commemorated the signing of a strategic partnership agreement between Hanwha Energy and LACI portfolio company Pick My Solar in Seoul, South Korea. Hawha Energy also announced its intent to explore collaboration and investment in LACI.
“This trip was an incredible opportunity for us to deepen our relationship with Hanwha and establish new partnerships in order to deliver value to our customers and fuel our growth,” said Max Aram, CEO of Pick My Solar.
“Joining Mayor Garcetti and LACI’s Matt Petersen on the Mayor’s trade mission to Asia has brought tremendous opportunity for Arensis as a global company based in Los Angeles,” said Julien Uhlig, CEO of Arensis. “With operations in 11 countries, we are the fastest growing decentralized energy provider in the world and are headquartered in Los Angeles at LACI for its leadership in cleantech innovation and driving a green economy. It’s been exciting to be part of this business delegation and signing our largest agreement yet in Tokyo.”
LACI entered a partnership with the Saigon Hi-Tech Park that is focused on enhancing growth of portfolio companies, accelerating adoption of sustainable technologies locally and internationally, and sharing best practices for incubation and commercialization to help bring solar and renewable energy to power Vietnam’s growing economy. Mayor Garcetti witnessed the signing of the agreement and spoke at the meeting in Ho Chi Minh City, Vietnam.
About Pick My Solar
PickMySolar.com is an online solar marketplace that provides home and business owners with expert advice and competitive quotes from a national network of vetted solar installers. The overarching mission of PickMySolar.com is to empower communities to adopt sustainable technologies through transparency and choice. Learn more at http://pickmysolar.com.
Arensis is an international provider of distributed energy systems delivering waste to energy solutions based on the world’s most advanced biomass gasification technology in the market from its subsidiary German technology company, Entrade Energiesysteme AG. The E4 and recently launched E5 systems generate 50kW of electricity and 120kW of thermal energy each and fit inside a 20-foot shipping container for easy and fast deployment around the world. When combined and stacked together, Arensis/Entrade power systems can supply several megawatts of energy completely off grid and can be installed in weeks, not years. The biomass to energy units are built for primary baseload generation, producing 24/7 energy from both organic and inorganic waste materials. Arensis is a portfolio company of the Los Angeles Cleantech Incubator (LACI) and one of the fastest growing decentralized energy providers in the world, deploying more than 200 units in 11 countries and raising in excess of $50 million since 2016.
The Los Angeles Cleantech Incubator (LACI) is a private non-profit organization creating an inclusive green economy by unlocking innovation (working with startups to accelerate the commercialization of clean technologies), transforming markets (through partnerships in transportation, energy and sustainable cities) and enhancing communities (through workforce development, pilots and other programs). Founded as an economic development initiative by the City of Los Angeles and its Department of Water & Power (LADWP), LACI is recognized as one of the most innovative business incubators in the world by UBI. In the past six years, LACI has helped 73 portfolio companies raise $184M in funding, $220M in revenue, create 1,700 jobs, and deliver more than $379M in long term economic value. Learn more at laci.org.