Press Releases
Total Solutions For Today's Power Industry - NAES and Pace Announce Strategic Alliance
Issaquah, WA, 03/02/2009 -- Today's energy market is subject to a stream of liquidity, credit and regulatory upheavals. The current environment for energy asset owners presents challenges in market risk, O&M complexities, and resources. Owners will need diverse skill sets and proven experience to manage power assets in this environment. NAES Corporation (NAES) and Pace Global Energy Services, LLC (Pace) today announced their strategic alliance to provide complementary services to the power generation market. Through this alliance, NAES and Pace offer full-scale asset optimization to the generation industry, providing world class development, management, and operations services to manage risk and generate enhanced revenues and asset value.
In a joint statement, Thomas A. DeNova, President & CEO of NAES and Timothy F. Sutherland, Chairman & CEO of Pace, said, "Combining scale, expertise, and best practices gained from serving multiple power industry segments, the NAES and Pace partnership provides unique and distinctive advantages to our clients. Together, we offer a suite of value-added technical and commercial solutions for your generation resource planning, development, financing, management, and operations needs. Our strategic alliance formalizes a synergy that has been tried, tested, and proven successful over several years."
With the breadth of expertise and the depth of experience harmonized, NAES and Pace are strategically positioned to provide safe, environmentally sound and efficient plant operations, while achieving maximum value for the Owner. We achieve this goal through a combination of new and innovative approaches to managing energy market risk and operations & maintenance.
About NAES. As the largest independent O&M provider in the world, NAES offers a comprehensive array of generation services centered on the safe, reliable, and cost-effective performance of power plants and other energy facilities, including Power Plant Operations, Technical Support Services, Major Maintenance, Turbine Services, Operational Maintenance Services and Staffing Services. NAES has operated the broadest range of generating technologies and fuels in the industry, including industrial combustion and aeroderivative turbines (simple and combined cycle), reciprocating engines, coal and fuel oil fired steam plants, and district heating and cooling facilities. NAES also has the most diverse and innovative renewables portfolio in the business including wind, biomass, waste-to-energy (municipal solid waste (MSW), tire derived fuel (TDF), and refuse derived fuel (RDF)), geothermal, hydroelectric, and biosolids (wastewater treatment sludge) processing facilities. With more than 100 offices and plant sites worldwide, NAES has delivered effective management and oversight, exceptional performance results, and superior support services at facilities totaling more than 38,000 MW of power generation, from greenfield plants under long-term O&M agreements to rapid transitions that maximize asset value.
About PACE. Pace provides integrated advisory and implementation services for the energy value chain from production to consumption. In the power generation sector, Pace supports resource planning, development, and financing while providing asset, energy, and risk management services to generation Owners including utilities, IPPs and large industrials. With a keen understanding of customer and stakeholder needs, energy resources, core and emerging technologies, and the shifting dynamics in the global fuel markets, Pace offers insightful market, strategic, and tactical perspectives that help clients make important decisions, manage for financial success, and exceed performance goals. From strategic assessments, asset acquisitions, divesture analysis, and corporate planning to individual project due diligence and implementation, Pace leads domestic and international projects that help clients protect and grow their earnings and market capitalization. Headquartered in the Washington, D.C. area with regional offices in New York, Houston, Columbia, Sacramento, San Diego, London, and Moscow, Pace has supported the development, acquisition, and financing of over $50 billion of energy assets in more than 40 countries around the globe.
Glen Canavera
NAES Corporation
Phone: 425 961 4700
Fax: 425 961 4646
glen.canavera@naes.com
http://www.naes.com
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