The funding received would be used to support Nexterra’s program to commercialize a new biomass power system in collaboration with GE Jenbacher and GE Energy. This combined heat and power (CHP) system involves direct-firing syngas from Nexterra’s biomass gasification technology into GE’s Ecomagination-certified Jenbacher internal combustion engines. Pilot testing of the new CHP system is scheduled before the end of 2009. A first commercial demonstration project is expected to begin in early 2010.

Jonathan Rhone, president and chief executive officer of Nexterra, said: “We are very grateful to these organizations for their continued commitment to Nexterra and for clean technology innovation in B.C. and across Canada. We look forward for continued collaboration with our funding partners to ensure Nexterra’s energy solutions meet the highest standards for biomass heat and power applications.”

The BCBN portion of funding follows the memorandum of understanding between BCBN and SDTC agreed on January 29, 2009. Under the terms of the agreement, BCBN and SDTC have agreed to work in partnership to identify high caliber projects within the B.C. bioenergy sector, with the goal of increasing the number of investment opportunities.