MOU to pursue swine waste-to-energy projects

Progress Energy Carolinas and GreenCo Solutions, have entered into a Memorandum of Understanding to jointly pursue new alternative energy projects designed to turn swine waste into electricity. The two companies will work together to identify and support swine waste-to-energy projects in Eastern North Carolina to serve the utility's customers and those of the state's electric cooperatives.

Alternative energy resources
"We are committed to developing alternative energy resources in our region to address the challenges of growing energy demand, rising fuel costs and global climate change," said Lloyd Yates, president and CEO of Progress Energy Carolinas. "We are pleased to partner with GreenCo Solutions, the state's electric cooperatives and our communities to pursue the innovative use of this swine waste stream."

The MOU allows the companies involved to share confidential information with each other regarding potential projects, jointly evaluate any proposals and negotiate together on any potential transactions. It is not a binding obligation to enter into any contracts.

GreenCo Solutions and Progress Energy Carolinas are already evaluating one potential swine waste-to-energy project, which would be the first to take advantage of the state's large swine population. The potential project includes capturing methane from swine waste lagoons and using it to generate up to one megawatt (MW) of electricity.

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