Press Release
PurEnergy Collaborates with Tyr Energy to Provide Customers with Energy Management Solutions
(Syracuse, NY.) November 25, 2020 –PurEnergy, a veteran asset management firm and a NAES Corporation company, has announced its collaboration with Tyr Energy, an investor, owner, developer, manager and service provider for electric power generation facilities, to provide customers with a broader array of energy management solutions. The partnership strengthens PurEnergy’s ability to provide customers with exceptional asset management services that maximize economic benefits through safe, environmentally compliant, reliable, and efficient management and operation of their electric generating and other infrastructure assets. “We are excited about working with Tyr Energy. This collaboration will allow us to further expand the services we can provide our clients, allowing us to more effectively and holistically optimize project value” said Al Morales, President of PurEnergy. “Tyr’s energy management capabilities are an excellent add-on for our existing array of asset management services, as well as the breadth of NAES capabilities and resources that we can access on behalf of our clients.” The partnership will provide broader solutions for customers by utilizing Tyr Energy’s Energy Management Services, including: · Load Forecasting · System Optimization · Real-time Management & Trading · Next-day/Short-term Management and Trading · Longer-term Origination · Transmission Management · Natural Gas Supply and Transportation · Settlements · Analysis and Reporting (EQRs) “It is our pleasure to partner with PurEnergy and enhance our collective service offerings,” said Bob Moye, Senior Vice President, Energy Management Services at Tyr Energy. “We are looking forward to continuing to grow our business by providing value-added services to asset owners and other participants in the electric power industry.” About PurEnergy PurEnergy is a veteran asset management firm with 25 years’ experience managing and enhancing power generation, transmission and other infrastructure projects. PurEnergy provides a full suite of asset management and financial services on behalf of owners, lenders and other critical stakeholders. PurEnergy is a subsidiary of NAES Corporation, the largest independent operator of power facilities in the nation. In addition to their comprehensive set of in-house capabilities, they also have access to the wealth of NAES’ technical and market-related resources and expertise. Some of the additional capabilities that NAES can provide include engineering, compliance (NERC and environmental), transmission operations and grid balancing, technical services, staffing and field services. NAES is a wholly owned subsidiary of ITOCHU Corporation, one of the world’s largest corporations. About Tyr Energy Tyr Energy is an investment and development company in the North American electric power industry. Tyr Energy represents the North American cornerstone of the ITOCHU Corporation global electric power strategy, focused on clean and renewable generation and technology solutions. Tyr Energy is active in the development, acquisition and financing of electric power assets and provides comprehensive asset management and oversight services to power generation and electric utility companies. Media Contacts Sean La Marr: sean.lamarr@naes.com | 206-595-9836 |