UGE Secures Contract to Commence Work on Microgrid Portfolio in New York
New York, NEW YORK -- (November 15, 2016) - UGE International Ltd. (“UGE”) (TSX VENTURE: UGE) (OTCQB: UGEIF), a leader in renewable energy solutions for the commercial and industrial sector, today announces that it has executed a contract for pre-implementation services to build a series of renewable energy powered microgrids in New York City.
UGE will deploy the solar-powered microgrid systems at 17 small businesses across the city, concentrated in Brooklyn, Queens, and Staten Island. For each site, UGE will manage the project development and engineering work, ahead of project construction to start in 2017.
“Solar plus storage will be the backbone of our energy system, now and in the years to come,”
said Gabriela Suriano, Project Manager at UGE. “In these areas, the availability of low cost energy generation with advanced battery storage offers a critical lifeline in the face of another extreme weather event. We are excited to be doing such important work for New York.”
This initial project is expected to be completed over the next 12 months with a total contract value of US$1.7 million. The contract is part of a larger project grant that UGE announced it had received in May 2015 from the New York Economic Development Corporation’s RISE : NYC program. After this initial phase, UGE expects to sign a follow-on contract for the actual deployment of the renewable energy systems, the value of which will be announced at that time.