Cirque Energy, Inc. (“Cirque”), formerly Green Energy Renewable Solutions, Inc. (OTCQB: EWRL), is pleased to announce that it has retained Tigress Financial Partners LLC, a New York-based investment bank and broker-dealer (“Tigress”), as its advisor and investment bank to assist in the raising of growth and acquisition capital. Tigress will assist Cirque with securing investment for projects including acquiring ownership of the former “Davison Landfill” in Genesee County, Michigan.
Cirque is a sustainable energy development company focused on waste stream optimization and distributed power generation projects. A key element of the Company’s long-term strategy to be a leader in the sustainable, waste-to-energy space is the on-going acquisition of landfills or additional operating contracts. Cirque uses waste conversion and recycling technologies to reduce waste volume entering landfills and produce renewable energy at attractive margins.
The Davison Landfill transaction is the first of several landfills that Cirque has targeted for acquisition. Upon completion of this transaction, Cirque Energy Inc. intends to rename the property “Green Harvest Landfill, LLC”, which will be a wholly owned subsidiary of Cirque Energy. Once secured, Cirque plans to introduce waste conversion strategies to maximize beneficial reuse of materials in the waste stream. Such strategies include maintaining and growing landfill tipping fee revenues, recycling waste to capture high value recyclable commodities for resale, and implementing waste to energy (WTE) strategies for the waste stream remaining after recycling.
Mr. Joseph DuRant, Chief Executive Officer of Cirque Energy Inc., noted that the Company’s goal is to convert up to 85% of waste stream content to recycled commodities and renewable energy, at attractive margins. “Our conversion strategy for the Green Harvest Landfill should allow us to increase the value of the waste stream almost immediately, possibly by as much as 1,000% on an annual basis, from about $3.8 million to just under $40 million. Transitioning to our operational model will also significantly extend the life of this landfill by as much as 50 years,” commented Mr. DuRant.
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