Gestamp, Clean Power Development partner to develop biomass energy projects across Northeast

Source: Clean Power Development, LLC

Gestamp Biomass, a division of Gestamp Renewables, and Clean Power Development, LLC have announced the signing of an agreement under which they will work together to develop, finance and operate biomass energy projects across the Northeast region of the United States. 

Clean Power Development is a Concord-based renewable energy development company focused on wood biomass-fueled electrical and thermal production projects. Gestamp Biomass is a division of Gestamp Renewables, a global leader in wind, solar and biomass energy and a subsidiary of Gestamp Corporation. 

In 2009, Gestamp Corporation, which has worldwide operations in steel and automotive components as well as renewable energy, had total revenues of more than US $6 billion. Gestamp Corporation operates 80 plants in 25 countries, including five U.S. plants located in Alabama, Michigan and South Carolina, with a new facility planned for Tennessee. Gestamp Renewables' U.S. activities include wind power operations in Oklahoma and Nebraska and plans to build one of the world's largest solar power facilities in New Mexico. 

While multiple projects are under consideration in New Hampshire, the first to move forward under the exclusive agreement will be a 29-megawatt Combined Heat and Power (CHP) biomass facility in Berlin, NH, which is fully permitted to begin construction, Liston said. The plant, which will directly employ 23 people, will be located on a greenfield site away from the town's center. 

"The Clean Power business model includes selling both thermal and electrical energy to nearby or co-located industries," Liston said. "This allows the project to serve as the catalyst for additional development, sustaining existing industry such as Fraser/Gorham mill, and to provide a cost-effective thermal source for a city-wide District Heating System in Berlin." 

The agreement between Gestamp Biomass and Clean Power Development covers their joint activities in the six New England states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticut, plus New York and Pennsylvania. Under the agreement, Clean Power Development will identify and provide due diligence related to existing operational biomass facilities for possible acquisition by Gestamp Biomass and will also manage a portfolio of selected new biomass energy projects to be developed throughout the region. Clean Power Development will provide a suite of services during acquisition, development, construction and operation of the Gestamp Biomass-owned projects and operating facilities. 

Gestamp Biomass will support development, provide project equity and arrange the balance of plant financing for the projects undertaken. Gestamp Biomass will also bring advantages to the projects its through business and commercial associations related to energy marketing, engineering, construction, energy facilities operations, and biomass fuel-procurement experience world-wide. 

Each state within the area covered by this agreement has unique potential based upon the sustainable volume of biomass that should appropriately be utilized for energy production. It is anticipated that the eight-state region will collectively provide as much as 180 megawatts of new biomass potential that can be developed by the Gestamp/Clean Power team through environmentally and socially responsible development of high-efficiency CHP projects. The team's focus will be on building multiple, appropriately scaled projects that use the limited native biomass resources in a distributed way and that maximize synergies with industry and local communities. Among its objectives will be improving the region's carbon footprint and increasing long-term employment in green-energy production. 

The Gestamp/Clean Power's office and core activities will be based in Concord, NH, strengthening the state capital's role as a center of renewable energy development for the Northeast region of the United States.



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...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs