In the last year, Camco has developed utility scale biogas plants in the US, managed the funding of a number of smaller scale solar and biogas projects in Africa, and brought an advanced energy storage technology to the market. The biogas projects convert waste streams from:

 

Manure (dairy cow, chicken, pig)

Waste water (e.g. palm oil, tapioca, sugar cane)

Food waste

The energy produced can then be sold to the grid as renewable energy, used on-site to displace higher GHG emission fuel, e.g. diesel, coal, etc or sold as renewable gas, i.e compressed natural gas for use in transport, cooking, or portable energy supply.

 

Earlier this year,Green Africa Power LLP (GAP) signed a 5 year contract with EISER Infrastructure Partners, in collaboration with Camco for the provision of fund management advice and related services. GAP, an initiative of the Private Infrastructure Development Group Trust, will offer long term loans and contingent lines of credit to privately-owned renewable power generation projects in the most under-developed countries in Africa.  GAP will invest alongside commercial lenders and equity investors in transformational renewable energy projects in order to stimulate private investment in developing African countries. GAP will aim to influence the overall policy environment for financing of renewable energy projects in each country in which it operates.

 

EISER and Camco will work as a joint team to identify, execute and manage projects eligible for funding by GAP.  They will also work with GAP to ensure that the expected developmental and climate change objectives are realised.

 

Power generation is a cornerstone for economic development in Africa and essential to lift people out of poverty.  Helping achieve this in a sustainable way that does not cause large increases in carbon emissions is the key task for GAP. According to recent World Bank reports, only 24% of the population of Sub-Saharan Africa has access to electricity and some 25 of the 54 nations in Africa are in "energy crisis".

 

Camco's subsidiary REDT (Camco owns 49%) has developed a flow battery for energy storage and has a manufacturing agreement with Jabil Circuit Inc, one of the world's leading manufacturing solutions companies. REDT has developed a new and proprietary energy storage technology which enables the efficient and sustainable storage of electrical energy in liquid form.  The multi-valent properties of the Vanadium Redox electrolyte are used to provide a storage medium of virtually unlimited life with a system 

able to last more than 10,000 deep charge/discharge cycles. Combined with its very low maintenance requirements,REDT systems are able to deliver some of the lowest Total Cost of Ownership (TCO) results in the industry. Long discharge durations are achieved by the simple addition of extra electrolyte capacity at a relatively low marginal cost.

 

PV + Storage is now reaching 'grid parity' in many countries, a paradigm shift in energy production, which will ultimately enable the complete displacement of conventional fossil fuel power with renewable generation. The REDT system has applications in remote power, smart grids, power quality, and all aspects of renewable energy management.

 

The company has received a number of awards over the years:

Project developer of the year, Climate Action Reserve 2014

Best Project Developer, Environmental Finance – 2010 

Excellence in renewable energy, Commodity Business Awards - 2010

Transaction of the Year, Carbon Finance - 2009

Best Project Developer, Point Carbon - 2007, 2008, 2009

and numerous others...

 

The future looks bright for Camco but it has not all been plain sailing -this is a company who's share price was once at £30!  In 2013 the company started to stage its comeback. The share price is volatile and has been over £8 in the last yea. Currently it is hovering around £4. Volatility is almost guaranteed for the share price, but there could be some major upside from where it is trading now.

 

 Camco Clean Energy [CCE:LSE]