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Through modest capital investments and carried interest in lieu of capital, BlueWave assumes equity interests in renewable energy and environmentally focused companies. These include:
Alteris Renewables/Earth Friendly Energy Group Holdings LLC
Alteris Renewables designs and builds solar photovoltaic, solar thermal and wind energy systems for commercial, residential, educational, municipal, and institutional customers. The firm's areas of expertise include engineering, design, project management, performance analysis, project financing, and renewable energy credit programs. With more than thirty years of experience, nearly 15 MW of renewable power operational, and over 3,000 installations, Alteris is the leading solar and wind energy installer in the Northeastern United States. In 2009, Inc 500 recognized Alteris as the fastest growing renewable energy company in the Northeast for the second year in a row. BlueWave's Managing Partner John DeVillars is on the Board of Directors of Earth Friendly Holdings LLC, the principal shareholder in Alteris. www.alterisinc.com
Converted Organics Inc.
Converted Organics (NASDAQ: COINZ) uses state-of-the art technologies to convert food waste into a valuable organic biostimulant (a natural fertilizing product used for organic farming, gardens and lawn & turf applications). The product competes with highly specialized chemical fertilizers, but has no negative environmental impacts. BlueWave Capital Managing Partner John DeVillars serves on Converted Organics' Board of Directors. www.convertedorganics.com
Global Energy Investors, LLC
GEI is a Project Equity Firm that invests in renewable energy power generation projects. Founded in 2009, GEI focuses primarily on wind and solar infrastructure projects that utilize proven technology to generate and sell electrical power to utilities and other commercial users. Using a project finance model, GEI seeks to capture real, pre-determinable cash flows from reliable energy-generating projects run by capable management teams, and then pass those cash flows through to its equity partners in the form of attractive fund returns. BlueWave's Managing Partner John DeVillars serves on the Advisory Board of Global Energy Investors. www.globalenergyinvestors.com
IzzItGreen.com
IzzItGreen.com is a blog that helps people stay informed about the latest, coolest, most innovative green products available. The blog also links consumers to the businesses that sell good green products and then provides a forum for them to provide feedback on the products they buy. IzzItGreen.com is owned and operated by Vertuous, LLC. BlueWave's Managing Partner John DeVillars serves on the Advisory Board of Izzitgreen.com. www.izzitgreen.com
Next Step Living Inc.
Next Step Living is a residential energy efficiency company that provides home energy diagnostics and improvements. It is a socially-conscious, environmentally focused, results-driven organization dedicated to helping its customers lower their energy bills, increase the comfort of their homes, and reduce their carbon footprint. Next Step Living works directly with homeowners, as well as in collaboration with major utilities, communities and employers on larger-scale initiatives. BlueWave Capital is an investor in Next Step Living, and BlueWave's Managing Partner John DeVillars serves on the company's Board of Directors. www.nextsteplivinginc.com
Ocean Renewable Power Company
ORPC develops technologies and projects that use river and ocean energy to produce clean, predictable electricity, while protecting the environment. Rather than relying on dams, which can be costly and detrimental to marine environments, ORPC power systems are designed around the company's proprietary Turbine Generator Unit (TGU). The TGU works on the same principle as a wind turbine, with rotating foils that power a central permanent magnet generator. But because it is installed underwater, and water is more than 800 times denser than air, the TGUs provide significantly more power than wind turbines at relatively low water current speeds. Built primarily with composite materials, ORPC's turbines resist corrosion in fresh and salt water alike. As gearless units, they require no lubricants, and emit absolutely nothing into the surrounding water. www.oceanrenewablepower.com
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Projects