New Venture Forms Bioenergy Platform

ReEnergy Biomass Operations LLC and Ember Infrastructure announced plans to enter into a joint venture to create a bioenergy platform. The company will be named ReGenerate Energy and will be led by team members from ReEnergy and Ember. The new company will acquire an ownership interest in ReEnergy’s two biomass power plants in Maine, ReEnergy Stratton and ReEnergy Livermore Falls, and will look to expand the platform through the acquisition of additional bioenergy assets across North America.

Larry Richardson, CEO of ReEnergy Holdings and one of its co-founders, comments, “This is an exciting time in the history of ReEnergy. With the combination of Ember’s capital and experience in the energy industry, and ReEnergy’s expertise in the bioenergy sector, we look forward to a period of new growth and innovation.”

The transaction is expected to close this summer.

ReEnergy Biomass Operations LLC is a wholly owned subsidiary of ReEnergy Holdings LLC, which was formed in 2008 by a senior management team. ReEnergy Holdings LLC also owns ReEnergy Black River, a 60 MW biomass power facility located on the Fort Drum U.S. Army installation near Watertown, NY, and ReSource Waste Services LLC, which operates five facilities in New England that recycle construction and demolition waste materials.

Founded in 2018, Ember is a New York-based private equity firm delivering capital solutions to businesses and assets seeking to reduce carbon intensity and enhance resource efficiency.

RELATED ARTICLES:

ReGenerate Purchases Biomass Power Facility

Latest news

Stela Belt Dryer BT 8400

Stela Belt Dryer BT 8400 The Stela Belt Dryer BT 8400 is the next generation of belt dryers solving the biomass drying challenge. Stela Drying Technology, a global leader in low-temperature belt drying, continues to push boundaries with innovative solutions across a...

Michigan Rejects Biomass Plant Closure Request

Michigan Rejects Biomass Plant Closure Request The Michigan Public Service Commission (MPSC) recently rejected requests by Consumers Energy to end contracts and close two wood-fired biomass power plants in Cadillac and Lincoln, Mich. The company was looking to close...

Find Us On Social

Subscribe to Our Newsletter

Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.

Subscribe/Renew

Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.