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INGENCO began in 1989 when company founders identified opportunities in the changing power industry. The mission was to be competitive with traditional utility cost structures by substituting the economies of mass production for the traditional utility economies of scale.
Historically, traditional electric utilities reduced costs by relying on increasing economies of scale; that is, building each new generation of power plant ever larger. Power plant designers also could achieve low capital costs or low operating costs, but not both. This was always a trade off.
INGENCO developed a strategy to compete with utility economics in BOTH operating costs and capital costs by integrating highly efficient, mass produced components with state-of-the-art electronic controls. Our concepts and designs have been proven over several years of operation in both company-owned and customer-owned generating facilities.
INGENCO's quest has expanded to include the decrease of air and sound emissions from our facilities to ensure that we are good neighbors in the distributed generation environment. In addition, we are constantly creating ways to make power plant components easier and faster to assemble, thus reducing the time it takes to complete a project.
On April 3, 2006, First Reserve, a leading US-based private equity firm specializing in the energy industry with $4.7 billion
under management, agreed to acquire INGENCO.
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