Cleantech Power CEO Frank Carnevale joins Natalie Stoberman from the Proactive newsroom to share its latest Combined Heat Power (CHP) assets and the impact this new acquisition has on the company’s growth and achieving positive EBITDA.
Carnevale says the company is acquiring these assets worth over $12 million in two tranches and utilizing senior debt to reduce the equity required. Carnevale adds this acquisition is expected to contribute approximately $1.5 million in earnings annually which could accelerate the company’s goal of achieving positive EBITA in the coming quarters along with growing a pipeline of $150 million worth of CHP projects in the near future.
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