Careers Contact Us Newsroom Thank you for your interest in ReEnergy Holdings and in biomass power. ReEnergy and Ember Infrastructure to Form Bioenergy Platform Joint Venture CONTACT: Sarah Boggess: (518) 810-0200, sboggess@reenergyholdings.com Albany, NY – April 28, 2021 – ReEnergy Biomass Operations LLC (“ReEnergy”) and Ember Infrastructure (“Ember”) today announced plans to enter into a joint venture to create an industry-leading bioenergy platform. The company will be named ReGenerate Energy (the “Company”) and will be led by experienced team members from ReEnergy and Ember. The 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. The Company will leverage ReEnergy’s operational capabilities and both teams’ experience in acquiring and growing renewable energy platforms as it pursues a robust pipeline of acquisition targets. ReEnergy will continue operating the Maine facilities as well as the other assets added to the Company, and the Maine facilities will continue to use the ReEnergy name. Larry D. Richardson, Chief Executive Officer of ReEnergy Holdings and one of its co-founders, said: “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.” Elena Savostianova, Managing Partner of Ember said: “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 capitalize on compelling opportunities we see in the bioenergy sector as demand grows for resource efficient, carbon-neutral base-load power generation.” The transaction is expected to close this summer; terms of the agreement were not disclosed. Whiteman Osterman & Hanna LLP served as legal counsel to ReEnergy. Mayer Brown LLP served as legal counsel to Ember. About ReEnergy ReEnergy Biomass Operations LLC is a wholly owned subsidiary of ReEnergy Holdings LLC, which was formed in 2008 by a senior management team comprised of experienced industry professionals along with an energy-sector focused private equity fund. In 2019, the management team completed a buyout of this fund’s ownership interest. 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. ReEnergy’s bioenergy facilities transform forest-derived, sustainably harvested woody biomass and other wood waste residues to produce renewable clean energy. This benefits the environment by enhancing forest health and reducing the use of fossil fuels. The 48-MW ReEnergy Stratton and 39-MW ReEnergy Livermore Falls facilities support approximately 50 direct jobs, more than 300 indirect jobs, spend more than $30 million annually and purchase more than 700,000 tons of fuel each year from Maine loggers/truckers and mills. About Ember 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. Ember focuses on equity investments across renewable energy, water, waste, industrials and agricultural infrastructure. For more information, please visit www.ember-infra.com. Categories Industry News (56) Press Release (43) Archives November 2021 July 2021 April 2021 October 2017 October 2015 September 2015 July 2015 June 2015 May 2015 March 2015 December 2014 November 2014 September 2014 August 2014 July 2014 May 2014 April 2014 May 2013 January 2013 December 2012 November 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 March 2011 January 2011 November 2010 September 2009 Our Facilities ReEnergy Black River ReEnergy Livermore Falls ReEnergy Stratton Albany Green Energy ReSource Epping ReSource Lewiston ReSource Salem ReSource Roxbury ReSource Ware About Us About Us Our Facilities Our Team Contact ReEnergy Holdings LLC 159 Wolf Road, Suite 301 Albany, NY 12205 Phone: (518) 810-0200 Email: info@ReEnergyHoldings.com Copyright ©2011 ReEnergy All rights reserved