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CALIFORNIA FACILITATES FINANCING FOR CLEAN ENERGY TECHNOLOGY EXPORTS
Nexant Helps Energy Commission Boost Overseas Sales of Clean Energy Services and Technologies
July 19, 2006---San Francisco, CA---Nexant, Inc. (www.nexant.com) announced today that it has been selected by the California Energy Commission to help establish an international energy project financing network. Nexant's role is to encourage public and private sector financial institutions to provide debt and/or equity-based financing to California firms seeking to develop energy efficiency and clean energy projects in China, Mexico, South Korea, and Thailand.
Since 1998, the Commission's Energy Technology Export Program has helped California companies generate over $500 million in energy technology export sales-a figure that is expected to increase significantly once the network is in place. Obtaining financing at competitive terms is one of the greatest challenges that energy companies face when pursuing business overseas. The network will provide innovative and attractive sources of financing designed to increase California's commercial competitiveness in key international markets.
"While Californian firms are well-established leaders in clean energy and energy efficiency technology, this new network will help ensure that they have the most competitive financing available to increase their market share in these markets," according to Nexant senior project manager Bob Hinkle. "Our goal is to help California energy companies win projects that they might otherwise lose out on and to help them sustain their international position in the years ahead."
Nexant will advise small and mid-sized companies that are seeking to develop energy projects and/or export clean energy or energy efficient technologies. Nexant's team for the Energy Commission's financing network development project includes Econergy (www.econergy.com), Clean Edge (www.cleanedge.com), and Pendari (www.pendari.com).
ABOUT NEXANT
Nexant's products and services help clients solve critical strategic and operational challenges in several key areas: energy technology, electric power, energy management, retail and wholesale power markets, enterprise risk management, chemicals and petrochemicals, and oil and gas. The company is headquartered in San Francisco, CA and maintains offices in London, U.K.; Bangkok, Thailand; Beijing, China; Tokyo, Japan; Seoul, South Korea; White Plains, NY; Washington, D.C.; Houston, TX; Madison, WI; Boulder, CO; Salt Lake City, UT; Phoenix, AZ; and Los Angeles, CA. The company is owned by a select group of investors and Nexant management and employees. Nexant® is a proprietary trademark of Nexant, Inc.
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