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:
Latest news
Biomass Innovations Asia Set For May 13-15
Biomass Innovations Asia 2024, encompassing the Biofuels & Biocarbon conference May 13-14 and the 14th Biomass Pellets Trade and Power conference May 14-15, will be held in Tokyo, Japan.
MoistTech IR3000-W Series Sensors
MoistTech Corp.’s IR3000-W series moisture sensors feature cutting-edge NIR (near-infrared) technology achieves unparalleled accuracy, delivering true, repeatable results year after year with little or no maintenance—just accurate and reliable moisture analysis of wood products, including those used in bioenergy production. The amount of moisture in wood products is a critical concern of the forest industry because excess moisture can have a large impact on final product quality, production, and energy efficiency. In addition, the IR3000-W reduces fire and explosion risk, prevents press explosions, offers precise dryer control, and monitors blending for control of moisture and resin in wood products.
New From Bandit: HM6420 Hammermill Grinder
This highly productive 40 in. capacity grinder is designed and manufactured to be an alternative solution for those grinding applications that may contain contaminants. A Caterpillar C32, 1,200 HP engine provides ample torque and horsepower for optimal machine performance and productivity…
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.