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summitpower.com

Stage

IPO | IPO

Date of IPO

4/13/2018

About Summit Power Group

Summit Power Group specializes in high-efficiency natural gas-fired projects, wind power projects, and coal gasification projects with carbon capture to reduce carbon dioxide emissions (including integrated gasification combined cycle, or IGCC, projects). Recently Summit has begun developing utility-scale photovoltaic (PV) solar energy projects throughout the western and southwestern U.S. Summit also works jointly with several technology companies pursuing financing and commercial development of next-generation clean energy technologies, such as dispatchable (firm) wind power and ultra-clean underground coal gasification with carbon capture test.

Summit Power Group Headquarter Location

Seattle, Washington,

United States

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Expert Collections containing Summit Power Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Summit Power Group is included in 1 Expert Collection, including Carbon Capture, Utilization, and Storage (CCUS).

C

Carbon Capture, Utilization, and Storage (CCUS)

226 items

Companies innovating in the carbon capture, utilization, and storage (CCUS) space. Also includes emissions tracking tools, carbon offset marketplaces, and startups reinventing manufacturing processes to eliminate emissions.

Latest Summit Power Group News

Gulf Coast LNG Projects Dominate 2016’s Top 10 Spending Projects in U.S. Southwest Region, an Industrial Info News Alert

Aug 14, 2015

SUGAR LAND, TX--(Marketwired - Aug 14, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Texas and Louisiana are hosting the 10 highest-value projects that are set to kick off in the U.S. Southwest region in 2016, with Oil & Gas activity along the Gulf Coast accounting for almost all of the nearly $40 billion in total investment value, according to Industrial Info's Project Database. The growing global demand for liquefied natural gas (LNG) is driving more than half of that total. All but one of the projects are in the planning phases, in which plenty of factors could increase, decrease, delay or cancel spending. Last year's dramatic plunge in commodity prices thrust many top-dollar projects in the Oil & Gas and Petroleum Refining industries into this limbo. 10. Summit Power Group's Texas Clean Energy Project in Penwell, Texas: $2.5 Billion At the bottom of the list is a project that is among the least guaranteed: Summit Power Group Incorporated's (Seattle, Washington) 400-megawatt (MW), integrated gasification combined-cycle (IGCC) plant, also called the Texas Clean Energy Project, which is still facing hurdles in funding. For more information, see April 8, 2015, article -- Uncertain Future for Summit Power's Texas Clean Energy IGCC Project . The IGCC plant would include a 232-MW Siemens SGT6-PAC 5000F combustion turbine generator, with a Siemens triple-pressure heat-recovery steam generator and a 168-MW Siemens SST-900RH dual-casing reheat steam turbine generator. The plant would capture 90% of carbon dioxide (CO2) for enhanced oil recovery. Even if proper funds are obtained, construction likely would not begin until the final weeks of 2016. 9. Energy Transfer's LNG Liquefaction Plant in Lake Charles, Louisiana: $3 Billion Lake Charles LNG Company LLC, a subsidiary of Energy Transfer Equity LP (NYSE:ETE) (Dallas, Texas), plans to add to its LNG import terminal in Lake Charles by constructing an LNG liquefaction facility. The initial train would produce 5.5 million tons per year of LNG, with a total inlet capacity of 2.6 billion cubic feet per year of natural gas. The train will incorporate four Rolls Royce Trent 60 turbines, each with a capacity of 40 MW. Late this spring, the U.S. Federal Energy Regulatory Commission's (FERC) environmental staff offered the Lake Charles LNG Liquefaction Plant an early environmental approval, indicating the project could be completed without significant negative environmental effects. A final decision from FERC is expected in November. Construction is set to begin in the second quarter. 8. Energy Transfer's Train Addition to LNG Liquefaction Plant in Lake Charles, Louisiana: $3 Billion A second train at the Lake Charles plant is being planned, also with a production capacity of 5.5 million tons per year, bringing total site production to 11 million tons per year, with a total inlet capacity of 2.6 billion cubic feet of natural gas per year. The second train also will incorporate four Rolls Royce Trent 60 turbines, each with a capacity of 40 MW. As with the above project, FERC permitting approvals are expected in November. Construction is set to begin in fourth-quarter 2016. To see details on the remaining projects in the U.S. Southwest region's top 10 by spending, view the entire article by subscribing to Industrial Info's Premium Industry News , or browse other breaking industrial news stories at www.industrialinfo.com . Other companies featured: Siemens AG, Cheniere Energy, Bechtel Group Incorporated, Chicago Bridge & Iron Company (NYSE:CBI), Sempra Energy (NYSE:SRE), Jilin Connell Group, Fluor Corporation (NYSE:FLR), Sasol Limited (NYSE:SSL) Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com " Contact Us " page. Contact Information

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