Rupert Fraser, CEO of Fibrowatt, said: “We are delighted to work with the Fagen team, their experience as EPC contractors is very impressive and we are certain that we are moving forward with a contractor that understands the unique characteristics of our technology. This agreement is another step for us in North Carolina – helping the State move forward towards its goal of being a leader in the implementation of home-grown renewable energy.”

The North Carolina project will produce 55MW of renewable electricity, enough power to supply approximately 40,000 homes annually.

Ron Fagen, CEO & president of Fagen, said: “We believe the Fibrowatt process for energy production is a large step in the right direction towards energy independence and we look forward to being part of their projects.”