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 Nexterra is majority-owned by Calgary-based ARC Financial Corporation. ARC manages private equity funds representing $2.7 Billion in committed capital that are focused on high growth, early stage companies in the following sectors of the energy industry: Canadian and International conventional oil and gas exploration and production, oilfield service, energy infrastructure, power generation and emerging sources of supply such as oilsands, unconventional gas and renewables. Since its inception in 1989, ARC has made investments of over $1.5 Billion in more than 150 early stage energy companies.
In March 2004, Nexterra successfully completed a $5.4 million private equity financing, led by ARC. In November 2005, ARC doubled its investment in Nexterra, leading a second round of equity financing of $5.4 million. In January 2007, ARC lead a third round of financing of $6.8 million. In August 2008, ARC led a fourth round of financing of $3.8 million, bringing ARC's total investment to over $20 million.
Nexterra has also received funding commitments of over $6.5 million from Canada’s federal government and the British Columbia government, including funds from the federal Technology Early Action Measures (TEAM) program, National Research Council of Canada (NRC), Natural Resources Canada (NRCan) and Ethanol BC.
In
February 2007 Nexterra, Kamloops Cellulose Fibers pulp mill and
Paprican received a $2.7 million contribution from Sustainable
Development Technology Canada (SDTC) to support demonstration of a
unique application of Nexterra’s gasification technology to
displace natural gas used to fire lime kilns in kraft pulp mills with
a “syngas” biofuel produced by gasifying wood
residue.
Nexterra Systems Corp. is not affiliated with NextEra Energy Resources, LLC (www.nexteraenergy.com).
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