Date: June 1, 2013
Source: ReEnergy Holdings LLC
ReEnergy Holdings LLC (Albany, NY) has opened 60-megawatt biomass facility at the site of a former coal plant. ReEnergy spent about $34 million converting the site which it acquired in March 2012. It will run on wood products and forestry residues that would have otherwise gone to area landfills and produce power with much lower emissions of mercury and sulfur dioxide than similar sized coal plant. The company will purchase about $11 million in wood per year from area logging companies. It has acquired several new wood chippers that it is making available to 14 logging companies in a lease-to-own program.
Currently, power will be sold to the local grid while the company negotiates with the Department of Defense to power the US Army's Fort Drum base nearby. The 2007 National Defense Authorization Act requires the Department of Defense to obtain 25 percent of its power needs from renewable sources.
33 people will be employed full time at the facility, with an additional 144 workers in logging crews collecting forest residue.
See also: "ReEnergy Buys C&D Waste and Recycling Facility in Boston," (www.wasteinfo.com/news/wbj20121129L.htm), November 23, 2012.
See also: "ReEnergy Buys Five Biomass Power Plants for $93 Million," (www.wasteinfo.com/news/wbj20111108F.htm), November 7, 2011.