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CGEI CGE Energy Inc (CE)

0.0001
0.00 (0.00%)
04 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CGE Energy Inc (CE) USOTC:CGEI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 01:00:00

YMCA and Clean Green Energy Sign Master Agreement for Renewable Energy Projects

13/02/2014 2:15pm

Marketwired


CGE Energy (CE) (USOTC:CGEI)
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YMCA and Clean Green Energy Sign Master Agreement for Renewable Energy Projects

BRIGHTON, MI--(Marketwired - Feb 13, 2014) - YMCA and JCC of Greater Toledo (YMCA) have signed a Master Agreement with Clean Green Energy LLC (CGE) for renewable energy projects at YMCA facilities throughout Michigan and Ohio. CGE and YMCA have partnered to create total immersion learning environments with these renewable energy projects.

Glen King, Chief Development Officer for YMCA, along with key volunteers, crafted the Net Zero Vision ten years ago. "When we're done with our vision, we'll have a 450 bed campus that uses less energy than is generated on-site," said King. "We are pleased to be at the table with CGE, collaborating visionaries, who recognize this will help youth develop skills and interests needed to meet the host of new challenges and opportunities the 21st century brings."

Under this Master Agreement, mutually beneficial, site specific Power Purchase Agreements (PPAs) are being developed to fulfill YMCA's Net Zero Vision. YMCA's only obligation is purchasing the power generated at a discount to their current utility rates.

To bring further sustainability, YMCA is also part of CGE's "NET ZERO Energy Program(SM)," which enables the YMCA to increase their discount rate to a maximum of 100% through the pre-purchase of energy via CGE's energy attributes. This program will provide scholarships and renewable education to the YMCA facilities.

Master Agreement includes CGE's WINDe20® on-site wind turbines, as well as Solar, Geothermal, Biomass, and Cree® LED Energy Efficiency upgrades. "Our Energy Audit team is currently defining opportunities to bring maximum sustainability to these YMCA facilities," stated Bryan Zaplitny, President of CGE.

YMCA Storer Camps in Jackson, Michigan is slated to be the pilot PPA site. Mr. King elaborated that Storer will serve as a "proving ground" for expanding this vision nationwide.

About the organizations: CGE has been innovators in the alternative energy industry since 1989, believing that renewable resources should be available to everyone at a lower, fixed cost. Recently, CGE announced merger plans into McKenzie Bay International, LLC. (PINKSHEETS: MKBY). CGE private placement investments of up to $4,950,000 from qualified investors are available pre-merger, http://www.cleangreenenergyllc.com.

YMCA and JCC of Greater Toledo represent thirty-five locations in Ohio and Michigan. The 'Y' is the nation's leading nonprofit committed to strengthening communities through youth development, healthy living and social responsibility. http://www.ymcatoledo.org.

For information contact, Paul Schneider, Clean Green Energy: 248-446-1344 or Rob Thomas, YMCA: 419-215-4593.

Paul Schneider 248-446-1344

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