ST. AUGUSTINE, Fla.--(EON: Enhanced Online News)--Out of over 200 nominations from 26 different countries, NTE Energy has been selected as a finalist for two of the energy industry’s most prestigious awards: the Platts Global Energy Awards’ Rising Star – Company award and Sustainable Innovation award. The 2013 Platts Global Energy Awards represent 15 years of celebrating the industry’s top innovative companies who have demonstrated proven leadership and superior performance.
“Our focus is on providing our customers with creative solutions that address the needs of today’s rapidly changing global energy industry.”
As a finalist for the Rising Star – Company award, NTE Energy has been recognized for its dramatic growth, comprehensive strategic vision, and the successes of its subsidiaries: NTE Hybrid, NTE Solutions, and NTE Development. These successes include becoming Inc. 500’s 212th fastest growing private company in the country for 2013, securing patents for its hybrid renewable energy technology, and becoming a finalist for POWER-GEN International’s esteemed Paper of the Year.
“Over the last four years, NTE Energy has become one of the fastest growing companies in the energy industry,” said Seth Shortlidge, President and CEO of NTE Energy. “Our focus is on providing our customers with creative solutions that address the needs of today’s rapidly changing global energy industry.”
NTE Energy was selected as a finalist for the Platts Global Energy Awards’ Sustainable Innovation award for its hybrid renewable energy technology. NTE Energy, through NTE Hybrid, a joint venture with United States Power Fund III, a private equity fund managed by Energy Investors Funds (EIF), has developed and is currently commercializing one of the world’s most efficient, reliable, and cost effective renewable energy technologies.
“NTE Hybrid is excited about becoming a finalist for Platts’ Sustainable Innovation award,” said Lucas Missong, Senior Vice President at EIF. “Recognitions like these continue to reiterate the value of our industry-leading hybrid technology.”
NTE Energy will be attending the 2013 Global Energy Awards black-tie dinner gala on December 12th at the Waldorf Astoria in New York City, where the winning companies will be chosen for each independent category.
About NTE Energy
Headquartered in St. Augustine, FL and founded in 2009, NTE Energy is the parent company of NTE Solutions, NTE Development and NTE Hybrid.
NTE Solutions is an energy and infrastructure services provider. The team has expertise in marketing, development, engineering, legal and regulatory affairs, with executive staff previously holding leadership roles in major energy, legal, and construction/engineering firms. NTE Solutions’ project teams work collaboratively across disciplines to provide high-value solutions to clients in the power, water and oil & gas industries.
NTE Development is an independent development company focused on development, construction and operation of conventional electric generation and transmission projects across North America.
NTE Hybrid has developed and patented hybrid technology that integrates proven combustion and steam generating technologies into a single, efficient, hybrid renewable power generation facility.
About Energy Investors Funds (EIF)
EIF was founded in 1987 as one of the first private equity fund managers dedicated exclusively to the independent power and electric utility industry. Its consistent, proven investment strategy is to create geographically and technologically diversified portfolios of electric power-related assets that provide superior risk-adjusted equity returns with current cash flow and capital appreciation. EIF has raised over $5 billion in equity capital (including $500M in co-investments) and currently manages multiple private equity funds from its offices in Boston, New York, and San Francisco. These funds have made over 100 diversified investments with an underlying asset value greater than $15 billion. EIF-managed funds own approximately 4,000 MW of capacity in operation and under construction and an additional 6,000 MW in various stages of development. EIF closed on its latest fund, EIF United States Power Fund IV, L.P., in October 2011, with $1.713 billion in capital commitments. For more information, visit www.eif.com.