All major gas turbine, combined cycle (“GTCC”) power plant components, including gas and steam turbines/generators, heat recovery steam generators, etc., are mature, widely-used and dependable technology/equipment. Well maintained gas turbines, for example, last over 30 years. Comparatively, GTCC power plants require small footprints and operating staff, don’t present permitting complications, the costs and timeframes to build are practical, and they operate efficiently and have relatively low air emissions.

 

Verus Power’s management team members are highly skilled in finance and in all facets of electrical power plant business, including, but not limited to, feasibility evaluations, permitting, sourcing and purchasing of equipment, commissioning, managing, operating and maintaining, and in completing plant construction or acquisitions within budget and on schedule (see “Company” section). Due to limitations of current renewable electrical power sources natural gas is expected to be dominant generating source in U.S. through 2050.