Cogeneration plant secures €6M investment

Biomass Engineering Limited (BEL), a manufacturer of renewable energy biomass plants, has secured a €6m ($9.2m) growth equity investment from a US-based investor.

The investment in BEL, an international leader in design, production and installation of biomass gasification CHP systems, was made by Excelestar Ventures of Massachusetts.

“We are excited about the potential benefits of our renewal energy solution and this investment from Excelestar will allow us to press ahead with our growth plans.” said Dave Clitheroe, Chief Operations Officer at Biomass Engineering.

Biomass Engineering has developed a working process which utilises energy crops, waste wood, wood chippings and forestry wood as fuel. This fuel is fed into a gasification process producing a clean gas that in turn produces a clean form of renewable energy and heat.

For more CHP news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...