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Encore energy contact7/12/2023 ![]() Chapter 84, provides power supply, financing, rate development, regulatory, and other support services to public power utilities throughout Vermont and New England. VPPSA, as a private authority of the State of Vermont created under 30 V.S.A. “Encore is thrilled to be able to support Vermont’s municipal electric utilities in delivering these exciting projects for the benefit of their ratepayers.” “With every new solar panel raised, Vermont is embracing the rapid transition to a democratized, distributed energy generation model and lighting the path toward energy independence,” said Chad Farrell, Encore’s Founder and CEO. Specializing in the design, development, financing, and construction of larger scale solar PV projects, Encore won a competitive solicitation to provide its services to VPPSA. In addition, the projects will help the VPPSA Members meet their requirements under Vermont’s Renewable Energy Standard and will move the state closer to its 90% renewable by 2050 goal.Įncore is a Burlington-based clean energy company that focuses on innovative solutions for underutilized property and community-scale renewable energy systems. The solar projects are expected to be built at costs in line with the utilities’ existing cost of power, or about 60% of the cost the utilities would pay for solar under the state’s revised net metering program rules. When constructed, the proposed solar arrays will add to this portfolio by producing more than 13,000 MWh per year, enough electricity to power 1,900 homes annually. They also hold contract rights to several other hydroelectric, solar, and landfill gas facilities located throughout New England. VPPSA’s Members own and operate several small-scale hydroelectric facilities within their service territories, in addition to a 19% stake in the McNeil generating facility in Burlington, VT. One of the best ways we can do that is to partner with socially responsible local companies like Encore.” “VPPSA’s Member municipal utilities strive to provide sustainable, reliable, low-cost electricity to their customers, and to do so in a manner that helps protect and enhance the communities they serve. “We are proud to be partnering with Encore Renewable Energy to bring additional jobs and clean energy to Vermont communities” said VPPSA’s General Manager Ken Nolan. The agreement also allows for Encore and VPPSA to partner in seeking additional development sites in other Member service territories and represents a significant milestone in the VPPSA Members’ transition towards economic, locally sourced, renewable energy resources. VPPSA will assist identified host communities in managing the resulting generation to maximize its value. Under the partnership Encore will lead design, development and construction of solar projects at locations in at least three of VPPSA’s Member utility territories. Waterbury Center, VT – Vermont Public Power Supply Authority (“VPPSA”) and Encore Renewable Energy (“Encore”) today formally announced a partnership to pursue development of approximately 10 megawatts of solar capacity on behalf of VPPSA’s Member municipal utilities. enCore is also committed to working with local communities and indigenous governments to create positive impact from corporate developments.Partnership Grows Local, Renewable Energy enCore diligently works to realize value from other owned assets, including our proprietary uranium database that includes technical information from many past producing companies, from our various non-core assets, and by leveraging our ISR expertise in researching opportunities that support the use of this technology as applied to other metals. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. Future projects in enCore’s production pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, along with significant uranium resource endowments in New Mexico providing long-term opportunities. Uranium production is planned at enCore’s licensed and past-producing South Texas Rosita Processing Plant in 2023, and at its licensed and past-producing South Texas Alta Mesa Processing Plant in 2024. In-Situ Recovery extracts uranium in a non-invasive process through the use of natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium. enCore solely utilizes In-Situ Recovery (ISR) for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. is committed to providing clean, reliable, and affordable domestic nuclear energy by becoming the next United States uranium producer in 2023.
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