Poseidon Resources Named to 2010 OC Metro Green Team
Huntington Beach (seawater desalination facility) • poseidon1.com
Founded: 1995 in Stamford, Conn.
President and CEO: James Donnell
Chief Green Officer: Jon Loveland, Chief Technology Officer
Huntington Beach stretches along about 8 miles of the Pacific. It makes for a perfect place to build a desalination plant, which is exactly what Poseidon Resources plans to do, using infrastructure that already exists next to the AES Generating Station at Pacific Coast Highway and Newland Street. If built to specs (construction is anticipated to begin next year), the company says it will be the most technologically advanced, energy-efficient and environmentally sound seawater desalination plan in the Western Hemisphere – and it will provide 50 million gallons of drinking water on a daily basis. That’s enough to accommodate 8 percent of O.C.’s needs, without tapping into ground- water or other limited resources, or harming marine life. (Studies indicate that desalination has the same impact as natural evaporation.) The project includes an Energy Minimization and Greenhouse Gas Reduction Plan, a commitment that would result in a carbon-neutral footprint for the facility. The company plans to build the $350 million plant at no cost to taxpayers, using a formula of private enterprise and investment tools. Poseidon has financed and developed more than $2.8 billion worth of water projects throughout North America