Staff report
Published Nov. 4, 2009

Renewed World Energies, based in Georgetown, has decided to merge with California-based BioCentric Energy Holdings.

Renewed World Energies, started by two engineers in 2008, manufactures and sells algae products called automated microalgae photo-bioreactors for the commercial production of energy feedstock. The fuel can be used directly or after gasification by turbines to generate electricity.

Dennis Fisher, CEO of BioCentric, said, “After extensive talks and comparative data exchanges between the two companies, it became apparent that major synergetic opportunities would evolve if both companies were to combine efforts to advance photo-bioreactor closed-loop technology and algae reproductive systems with the advanced capability of producing power in the form of electricity, passing directly into the ‘grid’ system.”

Renewed World Energies and BioCentric will merge all assets, and the company will be renamed. Together, the two companies hold more than $6 million worth of algae product.

The corporate headquarters will be in Huntington Beach, Calif.; the research and development arm will be in Prague; and the Georgetown location will have the engineering equipment for the manufacturing and production of the algae product.

“With the combined resources of RWE’s heavy engineering background and experience, along with BioCentric’s scientific and marketing expertise, we at RWE strongly believe this can be only a win-win situation with limitless possibilities,” said Richard Armstrong, president and CEO of Renewed World Energies.

The one-acre photo-bioreactor system in Georgetown will start the purchase order production. The company will increase the size of the facility incrementally, with the capacity of growing to 20 acres of adjacent property and a possible 300 acres when required.

It is expected to be operational by the end of this year, with the first orders completed by December 2010.