Windsohy Retains TMT Capital Partners on Advanced Clean Energy Projects
Windsohy, LLC a renewable-energy company, has retained Chicago-based TMT Capital Partners to assist with a new specialized fund related to certain of its KS and TX projects. Tom Turmell, managing director of TMT Capital Partners, said "There is tremendous interest in renewable energy right now. The Windsohy team, which has a deep background and extensive experience in alternative-energy technologies, can offer unique capabilities and opportunities to investors." The company's proprietary baseload clean-energy approaches, which use a combination of wind and compressed-air-energy storage (CAES) technologies to produce baseload power for the electrical grid, are expected to create up to 175 permanent jobs per project in Kansas and Texas and also employ 1500 during the construction phase of each project.
Overland Park, Kansas (PRWEB) June 15, 2009 -- Windsohy, LLC (www.windsohy.com), a renewable-energy company, has retained Chicago-based TMT Capital Partners (TMT) to assist with fund raising. "TMT will be our advisor on a specialized fund related to certain of our KS and TX projects. We are delighted with the relationship. TMT beat out competitors with their professionalism and deep access to additional investors," said Joe Spease, founder and CEO of Windsohy. The company's first baseload clean-energy project, a combination of wind and compressed-air-energy storage (CAES) technologies, is expected to create up to 175 full-time jobs in Kansas.
The Kansas project will employ two-megawatt turbines, in phased developments, using an innovative approach that delivers baseload power to the electrical grid. The goal is to reach total energy production of 1000 megawatts of environmentally clean power, on sites already leased by Windsohy, known to have some of the best wind resources in the country. Windsohy currently holds a number of leases in Western Kansas and Texas. Spease said, "The industry's rule of thumb, on which we based our employment projections, is 10 full-time jobs for every 50 two-megawatt turbines placed in operation. In addition to staffing of up to 100 well-paying jobs upon completion of the wind portion of the project, the compressed-air portion of the development will create another 75 jobs. These are permanent positions. On top of those jobs, I estimate that over the course of the construction phase, the project will create 1,500 temporary jobs. Once up and running, these installations will supply a permanent source of clean, reliable and renewable energy."
Windsohy is developing a variety of sustainable, alternative-energy projects using a mix of wind, solar, hydrogen, and compressed-air-energy-storage (CAES) technologies. With a number of partnerships and strategic alliances in place, Windsohy currently has a growing number of "shovel-ready" clean-energy projects, on which it can begin construction. "For example, we have a project in the pre-construction phase that will eventually encompass thousands of acres on leased land spanning five counties in one of Kansas's best regions for high-wind quality. And we have additional projects to follow," said Spease.
Windsohy has addressed the imperfect reliability of wind as a power source by combining wind turbines with CAES, a technology that stores compressed air underground when the wind is blowing and releases it during periods of low-wind. In addition to Kansas being a top U.S. wind region, its geology is also well suited for taking full advantage of CAES technology. Combining these two technologies, in an ideal location for alternative energy such as Kansas, will enable Windsohy to offer baseload power 24/7.
Commenting on the relationship with Windsohy, Tom Turmell, managing director of TMT Capital Partners, said "There is tremendous interest in renewable energy right now. The Windsohy team, which has a deep background and extensive experience in alternative-energy technologies, can offer unique capabilities and opportunities to investors. Based on our experience with entrepreneurial companies, we believe that TMT Capital Partners can be a bridge to the investment community, channeling Windsohy's expertise toward investors looking for attractive alternative-energy opportunities."
Windsohy, LLC is a renewable energy company headquartered in Lenexa , Kansas. The company currently has four major alternative energy projects in development, encompassing a variety of alternative-energy technologies such as wind, solar, hydrogen, and compressed air energy storage (CAES).
Contacts:
For Windsohy, LLC, Joe Spease, 913-481-2869
For Libby Communications, Bill Libby, 231-755-4111
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