September 26, 2016 6:28 AM ET

Electric Utilities

Company Overview of Summit Power Group, LLC

Company Overview

Summit Power Group, LLC develops energy projects. The company specializes in carbon capture projects for enhanced oil recovery (EOR), high-efficiency natural gas-fired power projects, utility-scale photovoltaic (PV) solar energy projects, and large wind power projects. It offers services in the areas of development, marketing, finance and investments, asset management, grants and incentives, and regulatory matters. The company also produces industrial products, such as carbon dioxide for EOR, urea for fertilizers, and ammonia. Summit Power Group, LLC was founded in 1989 and is based in Seattle, Washington.

83 South King Street

Suite 200

Seattle, WA 98104

United States

Founded in 1989

Phone:

206-780-3551

Fax:

206-780-3571

Key Executives for Summit Power Group, LLC

Chief Executive Officer and Director
Co-Founder and Chairman Emeritus
Age: 80
Chief Financial Officer and Vice President
Chief Operating Officer
Vice President of Commercial Transactions and General Counsel
Compensation as of Fiscal Year 2016.

Summit Power Group, LLC Key Developments

Summit Power Group Enters into EPC Deal with HQC and SNC-Lavalin for TCEP

Summit Power Group entered into EPC deal with HQC and SNC-Lavalin for TCEP. The carbon capture, utilisation and storage project is being delivered for the US Department of Energy who has offered the project over $450 million under the Office of Fossil Energy Clean Coal Power Initiative. The project has also secured $811 million in investment tax credits. SNC-Lavalin and HQC have inked a consortium agreement to deliver the project. The project will have a capacity to generate 400MW of clean power as well as sufficient urea to cut down US imports by over 10% per year. It will be designed to capture over 90% of its carbon dioxide emissions (CO2) from coal, with the CO2 to be permanently sequestered geologically in West Texas oilfields. The scope of the new contract includes engineering, procurement, construction, commissioning, as well as performance testing of the chemical and carbon capture block. The block will be integrated with a combined cycle power block from Siemens, who will be responsible for supply the coal gasification equipment for the chemical block. The project is expected to reach financial close by early 2016.

Summit Power Group, LLC Announces Management Changes

Summit Power Group, LLC announced that it has appointed Jason Crew as chief executive officer and member of the board of directors effective Oct. 6, 2014. Current Summit CEO Eric Redman will assume the role of co-chairman of the board of directors, continuing to focus on the Texas Clean Energy Project (TCEP) and other large priority projects. Crew comes to Summit from General Electric (GE), where most recently he was responsible for the GE Distributed Power Specialty Fuels business segment, focusing on launching technologies for distributed biomass gasification-to-power, integrated systems, and the production of CO2 for enhanced oil recovery.

Similar Private Companies By Industry

Company Name Region
3 Phases Renewables, LLC United States
Abacus Resources Energy, LLC United States
Access Energy, LLC United States
Adams Electric Cooperative, Inc. United States
Adams-Columbia Electric Cooperative United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Summit Power Group, LLC, please visit www.summitpower.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.