TERIC Power Ltd. is an Alberta-based Independent Power Producer (IPP) headquartered in Calgary, Canada.
In business since 2013, TERIC’s specialized gas-to-electricity generation applications generate sustainable and clean power for multiple provincial electricity markets, provide behind-the-fence power solutions for clients seeking alternatives to traditional utility solutions, and provide innovative applications for clients with waste or stranded gas products:
Gas-To-Electricity:
Combined Heat and Power (CHP) or Cogeneration (COGEN):
TERIC’s vison is the delivery of better power generation solutions – where the demand is highest.
TERIC’s management team, made up of “working owners”, has the required management, engineering, and operational expertise to develop cost competitive projects, and provide stable long-term power into the provinces where we work or to the clients that we serve.
As a project developer, TERIC develops, owns and operates industry-leading power generation projects in partnership with progressive stakeholders and leading technology providers.
In business since 2013, TERIC’s specialized gas-to-electricity generation applications generate sustainable and clean power for multiple provincial electricity markets, provide behind-the-fence power solutions for clients seeking alternatives to traditional utility solutions, and provide innovative applications for clients with waste or stranded gas products:
Gas-To-Electricity:
- Utilize depressed-value natural gas – allows IPP’s to generate electricity continuously or during periods of peak demand, when prices are high
- Utilize excess gas (solution gas from oil-focused producers that would be flared or vented, or from shut-in gas producers) to generate electricity
Combined Heat and Power (CHP) or Cogeneration (COGEN):
- For industrial or commercial users, who have a large heat and electricity demand, and are seeking an onsite generation solution
- Can eliminate or reduce transmission and distribution charges by generating on site
- TERIC owns and operates the generating equipment, acting as a utility to sell electricity and heat back to the consumer through a long-term Power Purchase Agreement (PPA)
TERIC’s vison is the delivery of better power generation solutions – where the demand is highest.
TERIC’s management team, made up of “working owners”, has the required management, engineering, and operational expertise to develop cost competitive projects, and provide stable long-term power into the provinces where we work or to the clients that we serve.
As a project developer, TERIC develops, owns and operates industry-leading power generation projects in partnership with progressive stakeholders and leading technology providers.