ReEnergy Biomass Operations and Ember Infrastructure have entered into a joint venture to create a new bioenergy platform.
The new company will be named ReGenerate Energy and will be led by experienced team members from both ReEnergy and Ember. The company will acquire an ownership interest in ReEnergy’s two biomass plants in Maine – ReEnergy Stratton and ReEnergy Livermore Falls – and will look to expand the platform across North America.
“This is an exciting time in the history of ReEnergy,” said Larry Richardson, CEO of ReEnergy Holdings and one of its co-founders. “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.”
Elena Savostianova, managing partner of Ember, added: “We are thrilled to partner with ReEnergy, given the team’s track record of best-in-class operations as we build out the platform and capitalise on compelling opportunities we see in the bioenergy sector as demand grows for resource-efficient, carbon-neutral base-load power generation.”