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Business plans of GEM alumni moving forward

July 24, 2014
Joel Poppert

Joel Poppert

The Global Energy Management (GEM) Program is thrilled to announce that its alumni took second and third place in the Jake Jabs Center for Entrepreneurship Business Plan Competition.

GEM alumni Ian Jaeger and Sean Wisner, both members of the GEM Program’s Cohort VIII, received second place and $5,000. Their business plan was for SuperCryt Technologies, a Colorado based clean-tech business focused on water decontamination using a process known as Supercritical Water Oxidation (SCWO).

Jaeger and Wisner are now taking additional steps to put their business plan into action.

“We’ve been making some modifications to the financials based on feedback received at the Competition, and Ian has been speaking with potential partners/investors,” Wisner said.

Jaeger, 34, started his career as a materials and processes engineer with a degree in Ceramic and Materials Engineering from Rutgers, the State University of New Jersey. His partner, Wisner, has four years of experience working in both upstream oil & gas and midstream gas marketing. He received his undergraduate degree in Finance and Economics from the University of Montana.

GEM alumnus Joel Poppert and his business partner James Adams received third place and $2,500. They outlined GeoCity, a vertically integrated development company established for the purpose of financing, developing, and managing geothermal infrastructure assets.

“I plan to use the money to pay for some trademarking and incorporation documents that have already been produced,” Poppert said. “The remaining funds will be used to travel several times to New York to meet with investors and whiteboard with my primary business partner and COO, James Adams. This is an exciting time for us. We welcome conversations with any interested stakeholders and, especially, investors right now.”

Poppert, CEO of GeoCity, has nearly a decade of successful entrepreneurial experience in the geothermal industry. He was awarded the Who’s Who in Energy from the National Business Journals in both 2013 and 2014. James Adams, COO of GeoCity, currently works for PricewaterhouseCoopers in their Capital Projects and Infrastructure advisory practice.

“The opportunity for GeoCity is very significant at the moment and will continue to be in the future,” Poppert said. “With the new EPA carbon regulations we expect that our finance solutions will be welcomed at the policy level. As the market continues to trend toward sustainability, GeoCity provides ways to both reduce construction costs and significantly increase the value of the building by providing a form of ‘off balance’ finance to install a superior geothermal heating and cooling system through our GeoCity Thermal Purchase Agreement.”

 

 

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