During the preliminary analysis, the facility has exceeded its 500 KW capacity and produced 640 KW of power, which is 28% more than the original output.
Currently, the facility receives power from California’s power grid through a 15-year power purchase contract.
Creating eco-friendly asset base in the green energy market is the goal of the company. In an attempt to reach its goal, the company is further extending its stake in the facility. It is trying to increase its stake hold from 25% to 40%.
Cleantech Transit will provide details of further development on this facility and also on other business developments in the near future.
Kenneth Bosket, who serves as the CEO and President of Cleantech Transit, stated that the company is happy as the Merced facility is getting ready for large-scale operations. Bosket added that he is looking forward to know the worth of producing energy from local biomass and create employment for the local people.
The company intends to develop its market share in the alternative clean energy sector and create prospects using the production process and technological advancements of the biomass industry.