NTE Energy, partners donate over $60,000 to Hurricane Florence relief efforts in the Carolinas

NTE Energy, partners donate over $60,000 to Hurricane Florence relief efforts in the Carolinas MHPS, Gemma, NAES, Vogt and ACES join with NTE to aid struggling communities

ST. AUGUSTINE, Fla., September 20, 2018–NTE Energy and its development partners are donating more than $60,000 to the Salvation Army to support Hurricane Florence relief efforts in the Carolinas.

NTE – which opened the 475-megawatt Kings Mountain Energy Center three weeks ago in Cleveland County, North Carolina – joined with its development partners Mitsubishi Hitachi Power Systems (MHPS), Gemma Power Systems, NAES, Vogt Power and ACES Power Marketing to make the donation to the Salvation Army, which is providing food, shelter and other assistance to residents and first responders in impacted communities across the Carolinas.

“While many of the communities we serve were thankfully spared the worst of the storm damage, we know that nearby cities and towns were not so fortunate,” said Michael Green, NTE senior vice president for development in the Carolinas. “A donation to support the immediate aid being provided to families that evacuated and are in need of food and shelter seemed to be the best way we could help folks during this difficult time.”

After committing to make its own monetary donation – in addition to providing water and other needed supplies to affected communities – NTE then reached out to some of its partners who were instrumental in the development, construction and operation of the Kings Mountain Energy Center and other NTE Energy projects currently in development in the Carolinas. All of the organizations eagerly agreed to contribute to the donation.

In addition to its Kings Mountain facility, NTE is currently developing Reidsville Energy Center, a 500-megawatt natural gas-fired plant in Rockingham County, North Carolina. The company has also begun preliminary design work on a third combined-cycle natural gas power plant in South Carolina while also developing the Fayetteville Solar Energy Center, a 30-megawatt facility that will provide an affordable source of clean, renewable energy to communities and utilities in the Carolinas through NTE’s Voluntary Solar Program.

“NTE has made a long-standing commitment to serve the communities of the Carolinas,” Green said. “We are committed to being there for our customers through thick and thin.”

About NTE Energy
Based in St. Augustine, Florida, NTE Energy develops and acquires strategically located electric generation and transmission facilities within North America. Through its affiliates, NTE executes all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation. For more information about NTE Energy, visit www.nteenergy.com.

About Mitsubishi Hitachi Power Systems (MHPS)
Headquartered in Lake Mary, FL, MHPS Americas employs more than 2,000 people who design, build, install, monitor and service aero-derivative and heavy-duty natural gas turbines, steam turbines, generators, battery storage products and environmental control systems throughout North and South America. MHPS Americas collaborates with customers to deploy artificial intelligence and low carbon technologies to take the cost and carbon out of the electric power value chain. MHPS Americas is a subsidiary of Mitsubishi Hitachi Power Systems, a joint venture between Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. PWPS and MD&A are wholly owned subsidiaries of MHPS Americas. Learn more about MHPS by visiting www.changeinpower.com.

About Gemma Power Systems
Gemma Power Systems, a wholly owned subsidiary of Argan Inc. (NYSE: AGX), is a leading Engineering, Procurement and Construction (EPC) company providing innovative solutions for the power and renewable energy industry. Our wide-ranging and comprehensive experience comprises 14,500 MW of installed capacity including combined cycle and simple cycle gas turbine generating plants, biomass-fired power plants, solar facilities, wind farms, biofuel plants and environmental facilities. Additional information about Gemma Power Systems can be found at www.gemmapower.com.

About Vogt Power
Vogt Power International specializes in the manufacture and delivery of Heat Recovery Steam Generators (HRSGs) meeting todays stringent environmental standards while maintaining operational and performance excellence. Vogt offers a large and robust HRSG aftermarket parts and service capability, with full turnkey options from design through erection, ensuring that operators gain optimum performance from their equipment, regardless of original manufacturer. Visit www.vogtpower.com for more information.

About NAES
NAES Corporation is dedicated to delivering value to facilities across the power generation, oil and gas, petrochemical, pulp and paper, and manufacturing industries. NAES draws on its deep experience in operations, maintenance, fabrication, construction, engineering and technical support to build, repair and operate plants that run safely, reliably and cost-effectively. The NAES family of companies includes Greenberry Industrial, Olsson Industrial Electric, NAES Power Contractors, E3 Consulting, PurEnergy and Gridforce Energy Management. NAES is a wholly owned subsidiary of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU ranks among the world’s largest corporations.

About ACES
ACES assists its members and customers in the management of their energy risk. The members and customers served by ACES operate in all of the major electricity markets in the United States and have a collective portfolio of over 50,000 MW of both load and resources. Because ACES does not buy or sell energy on its own behalf, it avoids conflicts of interest and ensures alignment with the best interests of the organizations it serves.

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