EERC forms InEnergy to provide consulting services

By Erin Voegele
Web exclusive posted Nov. 21, 2008 at 10:41 a.m. CST

The Grand Forks, N.D.-based Energy & Environmental Research Center Foundation announced the launch of InEnergy Inc., a for-profit consulting corporation, Nov. 18.

InEnergy was created to provide expert due diligence services to financial investors who are analyzing risks and opportunities in new energy technologies and emerging energy industry trends.

According to Gerald Groenewold, EERC's director, the organization identified a need on Wall Street for a global perspective and sophisticated technical information regarding energy technologies that could help guide investments. "[Investors] had very little access to that sort of thing," he said. "Even in a time of tremendous global market volatility and business uncertainty, commitments to clean energy technology will move forward, and InEnergy is providing leadership in the energy investment field."

InEnergy has a wide range of areas of technical focus, including alternative fuels, gasification technologies to produce electricity, fuels and hydrogen, combustion technologies for waste management and electricity production, emission control systems, carbon dioxide management and utilization, as well as energy and water sustainability. InEnergy's core consulting group includes a group of energy, global finance, and business development experts who possess a wide range of expertise in engineering, strategic vision and financial management.

InEnergy will also draw on its relationship with the EERC, which includes a team of more than 320 skilled scientists, engineers, and support staff. The EERC has had more than 1,000 clients in 50 states and 51 countries.

"There is a tremendous need for what we are offering," Groenewold said. "Frankly, I expect to be overwhelmed with opportunities."

InEnergy has offices in Grand Forks, N.D., and New York City. According to Clara Del Villar, who manages the company's New York office, InEnergy will help investors develop a clearer picture of the energy sector, protect against technology risk, and identify investment opportunities before competitors do.

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