ReEnergy Acquires Tire-to-Energy Facility

ReEnergy Holdings LLC, a Latham N.Y.-based renewable energy company, has entered into an agreement to acquire the Exeter Tire-to-Energy facility located in Sterling, Conn., from a subsidiary of CMS Enterprises, based in Jackson, Mich. The 31 mw facility, continuously operated since 1991, is fueled with chipped and whole tires.

“Our acquisition of and subsequent investment in the Exeter facility is consistent with ReEnergy’s strategy of acquiring select energy assets that convert biomass and waste fuels into renewable energy,” said Larry Richardson, CEO, ReEnergy Holdings.

The acquisition is subject to regulatory approvals from FERC and the Connecticut Department of Environmental Protection.

| More...