Terra-Gen Taps P2 for Alternative Energy Land Management Software
Tobin Enterprise Land&trade Software to Manage Sustainable Power Land Assets
DENVER, February 9, 2010 – P2 Energy Solutions has signed a new software contract with Terra-Gen Power to manage all requirements associated with land assets for the firm’s wind, solar, and geothermal energy installations. Terra-Gen Power is headquartered in New York and operates alternative energy facilities that generate 842 megawatts of electricity.
Tobin Enterprise Land&trade (TEL) software, from P2, will enable Terra-Gen to consolidate all land assets into a single registry. TEL will enhance alignment of business workflows to better manage terms, right-of-ways, royalty payments, usage rights, and access privileges for the numerous landowners and landowner interests involved in each installation. The agreement expands P2 Energy Solutions’ presence in alternative energy and builds on the firm’s success in designing software that improves land management and accelerates decision-making.
"This arrangement with Terra-Gen Power is a significant step forward in adding sustainable energy solutions to our software portfolio," said Bret Bolin, President and CEO of P2 Energy Solutions. "TEL will support Terra-Gen Power’s growth initiatives by providing a scalable system to track virtually any energy land asset including wind, solar geothermal, hydro, coal, and oil and gas, in a single system."
For more than 30 years P2 software has evolved to meet growing requirements in the complex energy industry. Through continuous improvement, driven by client collaboration, P2 Energy Solutions delivers land management software and other technology tools that adapt to changing industry trends.
"Terra-Gen is pleased to add Tobin Enterprise Land software as a management tool for our rapidly growing land and lease portfolio," said Vince Signorotti, Terra-Gen’s Vice President, Land Management. "We are excited to have proven energy-based software available to manage our real estate assets across three renewable technologies."
The U.S. Department of Energy Information Administration projects that U.S. consumption of alternative energy* will increase by 52 percent, from 5.84 to 8.9 quadrillion British thermal units (Btu) over the next 10 years.
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* Includes conventional hydroelectric, geothermal, wood and wood waste, biogenic municipal waste, other biomass, wind, photovoltaic, and solar thermal sources. Excludes ethanol, net electricity imports, and non-marketed renewable energy consumption for geothermal heat pumps, buildings photovoltaic systems, and solar thermal hot water heaters.
About Terra-Gen Power
Terra-Gen, owned by affiliates of ArcLight Capital Partners, LLC, owns interests in twenty geothermal, wind and solar generating plants located throughout the United States, with a combined installed capacity of 824 megawatts. For additional information, visit: www.terra-genpower.com.
About P2 Energy Solutions
P2 Energy Solutions is the only technology company that provides a comprehensive range of oil and gas software, geospatial data, land management tools, and outsourcing, to the energy industry. More than 650 top energy companies use P2 products and services daily to improve decision-making, gain clarity into complex workflow scenarios, and optimize upstream efficiency. P2 serves the entire energy sector -- including hydrocarbon-sourced, as well as alternative-sourced energy, including solar, wind, hydro-, and geothermal. With more than 80 years of experience in data and 30 years in software P2 operates from headquarters in Denver, CO, has offices in six locations including Houston, TX, and employs 600 people.
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™ Tobin Enterprise Land is a trademark of P2 Energy Solutions.
