CleanGen history has been as an Aboriginal owned company since its incorporation. CleanGen operates CleanGen Power and Cutting Edge Tire Recycling from the Edmonton, Alberta headquarters.
CleanGen Power operates a biomass recycling facility and is a value added recycler.
CleanGen Power plans to use its biomass wood from its recycling facility to generate electricity. This type of electricity generation technology is scalable and capable of providing power and heating systems (to remote or isolated communities including Aboriginal communities of which there are 175 in Canada); or to produce energy and sell it directly to the power grid as a commercial enterprise.
CleanGen Power has invested in engineering studies (including Environmental Assessments) as Phase 1 of their Integrated Waste Management Services project. This project is intended to incorporate an investment into a Class 3 Landfill with a Class 2 Transfer Station and the waste to energy technology.
"There are definite synergies here that make the acquisition work well for both parties," commented Gary Monaghan, President & CEO of Sunvault Energy. "Sunvault will be able to utilize its technologies in conjunction with what CleanGen is doing" states Monaghan. "There is a definite use of solar technology that can be utilized in CleanGen’s power generation plans," he continued.
In addition to the CleanGen Power Corp. operating entity, Sunvault has also acquired as part of this transaction, 50% of the Cutting Edge Tire Recycling LP. Cutting Edge has offices in Edmonton, Ponoka, Calgary, and is servicing the Fort McMurray area.
The company has a 12.5-acre tire processing facility located near the town of Ponoka Alberta. Cutting Edge is the only OTR (Off-The-Road) tire processor in Alberta with one of the largest and most powerful shredders in North America.
