US EcoGen develops, finances, constructs, owns, and operates biomass, solar, and wind-powered electrical generating facilities, timber plantations and biomass recycling centers. US EcoGen is initially focused on the Southeastern United States and select international markets. The Company’s business model includes the development of power generation facilities ("Generating Facilities"), which will sell capacity and electrical energy at wholesale to electric utility customers under long-term, competitively priced, Power Purchase Agreements ("PPA").
Renewable energy currently represents approximately 13% of the United States’ electric power supply, with biomass providing 8% of the renewable energy resource. In the Southeastern United States, biomass is the predominant renewable energy resource, in part due to the abundance of clean woody biomass supplies in the region. Florida, in particular, trails the rest of the United States with less than 2% of its electrical power generation currently being produced from renewable energy resources. Further, Florida has more biomass resources than any other state and incredibly hospitable to the growth of eucalyptus. Accordingly, the regional market for biomass fueled electrical power generation is underdeveloped and has the capacity for significant growth in the next several decades. This provides U.S.EcoGen with the unique opportunity for significant advancement in biomass fuel production and power generation in the region.