SDX Energy, Aleph New Energies to develop alternate energy projects
The parties will work on alternative gases, energy infrastructure, solar, geothermal technologies, energy storage, gas and carbon storage and waste to power.By Shardul Sharma
London-listed SDX Energy is partnering with Aleph New Energies (ANE) to explore and develop projects in the alternative energy sector, it said on May 2.
The parties will consider any projects deemed to be alternative energy, including, but not limited to, alternative/noble gases, energy infrastructure, solar, geothermal technologies, energy storage, gas and carbon storage and waste to power.
“This is the first step in SDX's move to become a true energy transition company, focused on delivering shareholder returns,” Jay Bhattacherjee, executive chairman of SDX commented. “SDX will utilise its in-country expertise, market position and infrastructure to increase its revenue stream by offering additional products to its existing customers and attracting new ones. Aleph New Energies brings considerable industrial, market and financial knowledge and capability, and the combination of our respective skills positions us well to address attractive market opportunities."
As part of the partnership SDX and ANE will work together to provide technical and commercial support to identify and develop projects; additionally, ANE will provide the financing for such projects.