Chapter 12: Evolution Energy: Delivering Clean Power and Community Benefits
Gil Michel-Garcia explains how the project lowers costs for local farmers while protecting EB5 Investor margins.
In Chapter 12 of our exclusive interview series, Michael Gibson speaks with Gil Michel-Garcia, Executive Vice President of EVelution Energy, about the project’s unique commitment to both sustainability and community well-being.
As water levels in the Colorado River decline, local farmers have faced rising electricity costs. EVelution Energy is stepping up by offering its excess renewable power to the community at half the price of current market rates. This ensures farmers can remain competitive while reinforcing the project’s role as a trusted partner in regional development.
At the same time, Gil explains how EVelution Energy has already secured long-term power purchase agreements that provide stable operating margins, protecting investors from commodity market volatility.
This chapter showcases how EVelution Energy is not only profitable but also a force for local good, making it a standout EB-5 investment opportunity.
Evelution Energy Interview Chapter 12
Michael Gibson, USAdvisors, interviews Gil Michel-Garcia, Executive Vice President & General Counsel, EVelution Energy
Transcript
Evelution Energy Interview Chapter 12 Transcript
Michael Gibson, Managing Director of US Advisors (USAdvisors.org) an independent Registered Investment Advisory Firm. Michael also owns and runs EB-5 Investments (eb5projects.com) and is an EB5 industry expert.
Navaid Alam, President & Chief Executive Officer
Gil Michel-Garcia, Executive Vice President, General Counsel, Treasurer & Secretary
Michael Gibson, speaking
And, and, obviously much greener, better for the environment, and for the long term. And, and the residents are loving this, because there's no emission.
Gil Michel-Garcia, speaking
Well, I mean one of the, one of the, this is a farming area where we're basically putting the facility. And many of the farmers have traditionally been supplied with hydro power from the Colorado River. Because of the climate and the warming of the planet that has decreased water. And so water, less water has means less hydro power. Less application of power to them. They've been having to go to the open market to buy electricity. Which then triples their electricity cost.
Michael Gibson, speaking
Sure.
Gil Michel-Garcia, speaking
Something like 12 or 15 cents a kilowatt hour. One of the ways in which we've been able to garner enormous support from the local community is to offer to resell our excess power to the local community. Supplying them with power at half the price that they're normally.
Michael Gibson, speaking
Right, so not only are you not competing with them for the kilowatts. You know, which they're gonna want as well as the county grows. But you're gonna be able to supply them some of your excess energy.
Gil Michel-Garcia, speaking
And one of the important things when, when, when your investors think about this, is that because we have guaranteed supply that we've already signed. And we're already in advanced negotiations with the off take. We're buying and selling something at pre negotiated prices. Because, it, it's not like a mining operation where we're depending on the commodity price. What we're negotiating is pretty protectable operating margins, on the buy and the sell. And so what that means is that we, as a project, have relatively steady and protected margins and operations. Which is one of the reasons why, not only we're gonna be very profitable, we're gonna be successful. But we'd also offer some of that profitability to investors to entice them to invest with us.