ReEnergy to acquire tire-to-energy facility

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

With the immediate investment of significant capital in the 20 year old facility, ReEnergy Holdings intends to continue to improve the facility’s efficiency and environmental performance.

According to Tom Beck, ReEnergy’s chief commercial officer, “The Exeter Facility has historically met the needs of a large number of tire collection and processing operations throughout the Northeast. We look forward to serving these customers and expanding the customer base with even higher levels of reliability. This operation, combined with our ERRCO and LL&S construction and demolition debris processing facilities in southern New Hampshire, will allow us to provide a broader array of services in the Northeast.”

The acquisition is subject to regulatory approvals from FERC and the Connecticut Department of Environmental Protection. Terms were not disclosed.