Advanced Power’s partnerships reflect our commitment to integrity, trust and ethical operation. With transparent business practices and a track record of successfully managing projects in development, construction and in operation Advanced Power is an experienced, attractive partner.
To discuss partnering with Advanced Power, contact us.
The following is a selection of our current and past partners:
Chubu Electric Power Co., Inc.
Marubeni Power International, Inc.
Prudential Financial, Inc.
Siemens Financial Services, Inc.
Siemens Project Ventures GmbH
Tessenderlo Chemie N.V.
Bechtel Inc. has a history of producing some of the most impactful construction and engineering projects in the United States, dating back to the Northwest Pacific Railroad and the Hoover Dam. Bechtel is currently the fourth-largest privately owned company in the United States and the largest engineering firm. With extensive experience constructing pipelines, refineries and power generating facilities, Bechtel works closely with Advanced Power in the development and construction of new high-efficiency facilities. To learn more about Bechtel, visit www.bechtel.com.
Chubu Electric Power Co., Inc. provides electric power to Japan’s Chubu region and has significant investments in Chubu power generating units with the third-largest capacity in the region. Chubu Electric Power Co., Inc., has $44 billion of capital invested in electric utility, real estate, and IT businesses with emerging international investments. Partnership between Chubu Electric Power Co. and Advanced Power has developed a formidable relationship aimed towards improved electric generation capacity and overall efficiency. Visit www.Chuden.co.jp/english for more information.
GE is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit www.ge.com.
GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy, GE Power & Water, GE Energy Services and GE Oil & Gas work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.
To find out more about GE Energy, go to www.ge.com/energy.
Itochu Corporation ranks among Japan’s largest general trading companies and is involved in a variety of domestic and international trade. Over the course of 150 years, Itochu has grown from a linen trading operation into a multifaceted trading platform, ranging from natural resource and energy trade to insurance and logistics services. With an in-depth energy and chemical division, Itochu Corporation is a valued partner of Advanced Power. Visit www.Itochu.co.jp/en for more information.
Marubeni Corporation was founded in 1858 and incorporated in 1949 with its principal office in Tokyo, Japan. It manages business across a wide range of industrial sectors throughout the world, and is a publicly traded company quoted on three stock exchanges in Japan: Tokyo, Osaka and Nagoya.
Marubeni first established its power industry presence through the EPC business, with more than 96 GW supplied/constructed all over the world in various fuel and technology types. Marubeni expanded its business into the IPP arena in the early 1990s, and now owns approximately 8,910 MW of net generating capacity (29,958 MW gross capacity). Marubeni manages its electricity sector investments in the North American electricity market through Marubeni Power International, Inc., based in New York, NY. For more information, please visit www.marubeni.com.
Prudential Financial, Inc. provides a spectrum of financial services and is the ninth-largest institutional asset manager in the world. Listed as a competitive Fortune 500 company, Prudential is a thought-leader and partner for capital-intensive long-lived assets. Prudential Financial, Inc., partners with Advanced Power to supply equity commitments and to facilitate high-quality energy production in the Northeast. Believing that a healthy environment helps create and preserve value, Prudential has a corporate commitment to clean and efficient energy. To learn more, visit www.Prudential.com.
Siemens Financial Services, Inc. (SFS Inc.) is a leading provider of business-to-business financial services in the United States. SFS is a committed business ally that combines deep industry expertise with integrated financing solutions to enhance the efficiency, productivity and competitiveness of its customers. The company, based in Iselin, NJ, enables business expansion for thousands of customers in the healthcare, energy and industrial sectors by providing customized solutions that range from equipment financing and working capital, to project and export finance and insurance solutions. To find out more about SFS Inc., visit www.usa.siemens.com/financial.
Siemens Project Ventures GmbH (SPV) supports Advanced Power’s development efforts and participates as a partner and as an investor in those developments. SPV is a wholly-owned subsidiary of Siemens Financial Services GmbH, the finance division of Siemens AG. Siemens AG was founded in 1847 and is one of the world’s leading companies in the field of electrical engineering and electronics. SPV currently holds a number of international power generation projects with investment stakes varying from 10 percent to 50 percent. To find out more about SPV’s project portfolio, go to www.siemens.com/finance.
Tessenderlo Chemie N.V. is the site host and one of the partners in the T-Power Project. Advanced Power successfully led the project development to financial close in December 2008. Tessenderlo Group, one of Belgium’s leading chemical companies, is an international, diversified chemicals group with a turnover in excess of €2.8 billion that has over 100 branches in 20 countries. More than 8,000 people work for the Group. To find out more about Tessenderlo Group, go to www.tessenderlo.com.
TIAA-CREF is a Fortune 100 financial services firm currently managing over $500 billion in combined assets. Working with Advanced Power to develop state-of-the-art power generation facilities, TIAA-CREF exhibits a dedication to superior energy management and environmental welfare. With a century of experience in annuity, life insurance and mutual fund management, TIAA-CREF has a highly creditable reputation as leader in institutional investments. Visit www.TIAA-CREF.org to learn more.
Ullico Inc. is privately held financial services company focusing on specialty insurance and investment products in the United States. Founded in 1925 as the Union Labor Life Insurance Company, Ullico Inc. has a deep-founded commitment to developing investment solutions for the union and labor markets. Since 2013, the Ullico Infrastructure Fund, L.P. has maintained diverse equity investments aimed towards national infrastructure improvements. Ullico partnership with Advanced Power assists the fund’s infrastructure goals while retaining attractive risk-adjusted returns. Please visit www.Ullico.com for more information.