News Archives

2011 archived news articles and press releases

Scott Foster Co-authored a paper on The Business Case for Small Modular Reactors and will be presenting it at the ASME 2011 Small Modular Reactions Symposium September 29th at 3:45 pm

Session Schedule: Thursday, September 29, 2011 03:45 PM-05:30 PM
Session: 9-1 Plant Economics and Financing I
SMR2011-6552 The Business Case for SMRs on DOD Installations

William Barattino, Global Broadband Solutions, LLC
Benjamin Cross, U.S. Department of Energy
D. Jeffrey Smith, US Army Corps of Engineers
Scott Foster, Hannon Armstrong
Michael Holt, Value Foundation
Paul E. Roege, Army Capabilities Integration Center

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Conference Link:
Paper to be posted at a later date.

Scott Foster presented at the 2011 Asia Pacific Clean Energy Summit & Expo September 13-15 in Honolulu, Hawaii
Scott Foster, Managing Director of Hannon Armstrong's Federal Business Unit, presented the Key Elements of a Successful Clean Energy Project: Project Finance. September 14, 2011

Conference Link:
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United States Coast Guard Embarks on Milestone Renewable Energy Project with Schneider Electric

Worth $50 million, largest photovoltaic project the United States Coast Guard has undertaken to date; largest Schneider Electric performance contract ever announced

DALLAS – August 10, 2011 – Schneider Electric, a global specialist in energy management, announced today it is implementing a comprehensive $50 million energy savings performance contract (ESPC) project for the United States Coast Guard (USCG) in Puerto Rico. The project will improve operations for on-base personnel and mitigate maintenance and design burdens, meet renewable energy mandates without direct capital costs and stabilize energy costs and security in 960,000 square feet of USCG facilities including Rio Bayamon housing, Air Station Borinquen and Air Station Borinquen housing. Download the Press Release.

Geothermal Resources Council Bulletin The Hudson Ranch I Geothermal Project by Larry Grogan (May/June 2011)
In the beginning there was land... Few if any projects can point to the exact time of their beginning like the Hudson Ranch I Geothermal Project can. It all began one day in the Imperial Valley of Souther California with a visit by John Featherstone, and Doug Powell to Valley Pawn - Yes, a pawn shop - in El Centro, California.
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North American Geothermal Deal of the Year 2010
EnergySource, a consortium of Catalyst Renewables, Hannon Armstrong and GeoGlobal Energy, closed the debt financing for the $401.3 million Hudson Ranch I geo¬thermal power project on 13 May 2010. The project is progressing well and on budget with drilling underway on the third production well.
Project Finance Magazine Article Hudson Ranch 1: Build then bond
Hudson Ranch Tombstone


Hannon Armstrong sponsors the Sixth Annual NAESCO Federal Market Workshop March 16, 2011.
Naesco Website with Workshop Details

Senior Vice President of Hannon Armstrong John Christmas' efforts contribute to the White House Policy Initiative for the Commercial Loan Guarantee Program.
White House Press Release
White House Better Buildings Fact Sheet 2-2-11

Hannon Armstrong President, Jeffrey W. Eckel, Meets with President Obama.
Hannon Armstrong President, Jeffrey W. Eckel, was among a group of business leaders who met with President Barack Obama, former President Bill Clinton, and Vice President Joe Biden at the White House to discuss job creation and investment in energy efficiency. - July 14, 2010
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Jeff Eckel speaking on Sustainable Buildings at the Clean Energy Economy Forum along with Deputy Secretary of Housing Urban Development Ron Sims and Xav Briggs from OMB.

Hudson Ranch Power Commences Construction of 49 MW Imperial Valley, CA Geothermal Project.The Hudson Ranch I Power project will be one of the best geothermal resources in North America and will create over 200 jobs in Imperial County, California.
Annapolis, MD - Hannon Armstrong LLC, a 30-year old Annapolis based investment and merchant bank specializing in financing energy, telecommunication and water infrastructure assets announced the commencement of construction of the Hudson Ranch I project, a 49 MW high temperature geothermal power generation project in Imperial County, California. The project has been under development since 2006 by Catalyst Renewables and Hannon Armstrong, the majority owners of EnergySource (formerly CHAR). - May 13, 2010
Hannon Armstrong Press Release
EnergySource Press Release

Hannon Armstrong, Truestone and TE Subcom complete construction of HANTRU1 Cable System.
System Completion Marks Arrival of High-Bandwidth Regional and International Connectivity for Kwajalein. ANNAPOLIS, MD; ANCHORAGE, AK and MORRISTOWN, NJ. Hannon Armstrong Capital, LLC, Truestone, LLC and TE SubCom, an industry pioneer in undersea communications technology, today announced they have completed construction and commissioning of the HANTRU1 Cable System. The system, which connects Kwajalein in the Republic of the Marshall Islands to Guam, will provide regional and international connectivity in the previously underserved Pacific region, via undersea fiber connections. - March 29, 2010
Press Release
Case Study

Hannon Armstrong finances biomass cogeneration facility and attends ground breaking ceremony with U.S. Secretary of Energy at SRS.
Hannon Armstrong attended the ground breaking on a new energy plant Savannah River Site in South Carolina along with U.S. Secretary of Energy, Dr. Steven Chu. Site leaders claim the initial construction of the facility will create 800 jobs, and over time, mean hundreds of millions of dollars in energy savings. But, they say the biggest savings, is the innovation of this kind of green energy that they claim will eventually mean savings on the power bill, for the entire country.