ReGenerate Energy

What ReGenerate Energy does

ReGenerate Energy Holdings LLC is a private bioenergy platform that owns and operates three biomass-fueled power generation facilities totaling 137 MW across Georgia (Albany Green Energy, 50 MW) and Maine (ReGenerate Stratton, 48 MW; ReGenerate Livermore Falls, 39 MW). The platform was formed in April 2021 as a joint venture between Ember Infrastructure, a New York-based private equity firm focused on decarbonization infrastructure, and ReEnergy Biomass Operations LLC, which contributes operational expertise. ReGenerate generates renewable baseload electricity and process steam using sustainably sourced wood residues, forestry waste, mill residue, and agricultural waste procured from approximately 100 logging companies and 20 sawmills within tight geographic radii around each facility. Core technology includes Valmet circulating fluidized bed boilers, Zurn stoker grate boilers, electrostatic precipitators, SNCR emissions controls, and baghouse/lime injection systems. Revenue is generated through long-term fixed-price power purchase agreements (20 years with Georgia Power through 2037 and Central Maine Power commenced 2021), industrial steam supply agreements (20 years with Procter & Gamble through 2037 and 25 years with Constellation New Energy for USMC Logistics Base through 2041), biochar production (up to 8,000 tons annually), wood ash sales to roughly 60 Maine farmers, and third-party asset management services. ReGenerate additionally pursues co-located electricity and steam sales to adjacent industrial facilities such as Stratton Lumber, and is developing biochar and biochar-based carbon products via gasification technology supported by a Maine Technology Institute grant.

Name

ReGenerate Energy

Legal name

ReGenerate Energy Holdings LLC

Website

https://regenerate-energy.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

ReGenerate Energy is a private bioenergy platform operating three biomass power facilities totaling 137 MW in Maine and Georgia, selling renewable baseload electricity under long-term PPAs to Georgia Power and Central Maine Power, and process steam to Procter & Gamble and the US Marine Corps Logistics Base.

Ownership category

akta.pro rank

Product category

Biomass Power Generation

NAICS

Biomass Electric Power Generation (221117), Steam and Air-Conditioning Supply (221330)

SIC

Cogeneration Services & Small Power Producers (4991), Forestry (800)

akta.pro industry

PRIMARYEUACAIAG

Forestry & Wood Waste Biomass Power (Sawmill Residues, Black Liquor)

Energy, Utilities & Environment/Electric Power Generation/Biomass & Biogas Power Generation (Waste-to-Energy, Landfill Gas)

SECONDARYEUAAAGAG

Biomass Combustion & Boiler Island Technology (Grates, Fluidized Bed, Burners)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biomass Power & Heat (CHP, District Energy, Industrial Boilers)

SECONDARYEUACAIAL

Gasification & Pyrolysis-to-Power (Waste/Biomass Advanced Thermal)

Energy, Utilities & Environment/Electric Power Generation/Biomass & Biogas Power Generation (Waste-to-Energy, Landfill Gas)

SECONDARYEUAAAGAJ

Biomass Ash, Slag & Byproduct Handling/Utilization (Ash Management, Soil Amendments)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biomass Power & Heat (CHP, District Energy, Industrial Boilers)

SECONDARYIMAMAJAN

Forest Residues & Biomass Feedstock Management (Thinning, Slash, Collection)

Industrials, Manufacturing & Construction/Paper & Forest Products/Forest Management, Reforestation & Carbon Forestry Services

Keywords

• Biomass power generation
• Renewable energy production
• Process steam supply
• Biochar manufacturing
• Biomass facility operations

Headquarters

HQ city

Eustis

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Renewable Electricity Sales: Sale of biomass-generated electricity to utilities under long-term power purchase agreements. ReGenerate Stratton sells electricity to regional grid and adjacent Stratton Lumber mill. ReGenerate Livermore Falls has 20-year fixed-price PPA with Central Maine Power. Albany Green Energy has 20-year PPA with Georgia Power through 2037.
2. Process Steam Sales: Sale of process steam to industrial co-located facilities. Albany Green Energy provides steam to Procter & Gamble paper products facility (20-year agreement through 2037) and steam to Constellation New Energy for Marine Corps Logistics Base power generation (25-year agreement through 2041).
3. Biochar and Wood Ash Sales: Sale of biochar produced via gasification process (up to 8,000 tons annually) for activated carbon filtration markets, concrete additives, and agricultural soil amendments. Wood ash from Stratton facility (19,000+ tons in 2021) sold to approximately 60 Maine farmers as soil amendment.
4. Bottom Ash Sales: Bottom ash from Stratton used as gravel substitute in construction and road construction applications
5. Asset Management Services: Comprehensive facility management services offered to third-party owners including plant operations, maintenance, health & safety, environmental compliance, financial optimization, and energy marketing

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

ReGenerate Energy operates a platform of three biomass power generation facilities with a combined 137 MW capacity (Albany Green Energy in Georgia at 50 MW, ReGenerate Stratton in Maine at 48 MW, and ReGenerate Livermore Falls in Maine at 39 MW). The company generates renewable baseload electricity and process steam using sustainably sourced residual feedstocks (logging residue, mill residue, forestry waste, and agricultural waste), and sells these under long-term PPAs and steam supply contracts to utilities, industrial facilities, and government entities. The company also produces biochar, wood ash, and bottom ash as sustainable byproducts, and offers asset management services to third-party power plant owners.

Product overview

ReGenerate Energy Holdings operates a platform of three biomass power generation facilities (Albany Green Energy in Georgia, ReGenerate Stratton in Maine, and ReGenerate Livermore Falls in Maine) with a combined capacity of 137 MW. The company generates biobased energy and sustainable products including electricity, process steam, wood ash for agricultural use, and biochar. Additionally, ReGenerate offers Asset Management Services as an add-on module to manage power plants for third parties, providing development, operations, compliance, and financial optimization services. The facilities use residual feedstocks including sustainably harvested logging residue, mill residue, forestry waste, and agricultural waste to produce renewable baseload power.

Differentiator

Problem solved

Functional benefit

Products and services

• Albany Green Energy A 50 MW biomass heat-and-power facility located in Albany, Georgia, using woody biomass sourced within a 65-mile radius (mill residue, forestry waste, recycling, and agricultural waste) to generate approximately 400,000 net MWh of renewable electricity annually and 425,000 pounds-per-hour of process steam. Supplies electricity to Georgia Power under a 20-year PPA through 2037, steam to Procter & Gamble under a 20-year agreement through 2037, and steam via Constellation New Energy to the U.S. Marine Corps Logistics Base under a 25-year agreement through 2041.
• ReGenerate Livermore Falls A 39 MW biomass power facility located in Livermore Falls, Maine, capable of producing approximately 284,000 net MWh of renewable electricity annually, sufficient to supply approximately 37,000 homes. Operates under a 20-year fixed-price PPA with Central Maine Power commenced January 2021 and delivered $61.2 million in in-state economic benefits over the first three years of the PPA (16% above contracted amounts).
• ReGenerate Stratton A 48 MW biomass power facility located in Stratton, Maine, capable of producing approximately 355,000 net MWh of renewable electricity annually, sufficient to supply approximately 46,000 homes. Sells a portion of electricity to the adjacent Stratton Lumber mill with the balance supplied to the regional electricity grid. Holds 4+ years without OSHA recordable injury and 9 years without OSHA lost time injury (as of early 2024).
• Asset Management Services Comprehensive facility management services for third-party power plant owners covering development, construction, due diligence, and acquisition management; plant operations and management; health & safety, environmental compliance, and stakeholder management; and financial optimization including ISO interface management, capacity auctions, transmission coordination, REC and energy trading, and hedge strategy management.
• Biochar Production Production of biochar — a stable carbon material produced through a gasification and biochar extraction process — at ReGenerate's Maine facilities (Livermore Falls and Stratton). Expected capacity of up to 8,000 tons annually with greater than 80% carbon content, targeting activated carbon filtration markets, concrete additives, and agricultural soil amendment applications.

Quantifiable outcome

• $61.2 million in-state economic benefits delivered over 3 years by Livermore Falls, 16% above contracted amounts
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• ReEnergy Biomass Operations LLCcoreStrategic or Co-development Partner · 1 April 2021Subsidiary of ReEnergy Holdings LLC (formed 2008) contributing operational expertise and existing Maine biomass assets (Stratton and Livermore Falls). Provides ongoing operations and management for ReGenerate facilities under the joint venture. ReEnergy will continue operating Maine facilities and assets added to the platform.
• Maine Technology InstituteminorOthersAdministered $523,900 Forest Recovery Initiative grant from Maine Jobs & Recovery Plan to support biochar production equipment at Livermore Falls and Stratton facilities. Grant funds half of project costs for gasification and biochar extraction equipment.
• Georgia PowercoreChannel Partner/ Reseller/ DistributorPurchaser of 50 MW renewable electricity from Albany Green Energy under 20-year power purchase agreement through 2037. Represents primary revenue channel for Georgia biomass facility.
• Central Maine PowercoreChannel Partner/ Reseller/ DistributorPurchaser of electricity from ReGenerate Livermore Falls under 20-year fixed-price PPA commenced January 2021. Contract resulted from Maine Public Utilities Commission competitive solicitation process.
• Procter & GamblecoreChannel Partner/ Reseller/ DistributorRecipient of process steam from Albany Green Energy for paper products manufacturing facility. Long-term agreement through 2037 provides stable revenue stream for ReGenerate.
• Constellation New EnergycoreChannel Partner/ Reseller/ DistributorOfftaker of steam from Albany Green Energy under 25-year agreement through 2041. Steam used to generate electricity for nearby U.S. Marine Corps Logistics Base.
• Stratton LumberminorChannel Partner/ Reseller/ DistributorPurchaser of partial electricity output from ReGenerate Stratton facility. Adjacent mill benefits from co-location with biomass facility through reliable, affordable electricity supply.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• DTE Energy: Investor-owned utility with a significant biomass cogeneration portfolio (e.g., Genoa, Aullville) using wood waste and agricultural residues, serving as both a potential PPA counterparty and a comparable operator of utility-scale biomass CHP assets.
• Covanta Holding Corporation: North America's largest waste-to-energy operator running ~40 facilities with CHP configurations analogous to ReGenerate's biomass plants, though using MSW rather than forestry residues; several ReGenerate executives (e.g., Mark Thibodeau) are Covanta alumni.
• Clearway Energy: NYSE-listed renewable yieldco that owns contracted biomass/waste-to-energy capacity alongside solar, wind, and storage; competes with ReGenerate for utility PPA procurement dollars and infrastructure capital.
• Veolia North America: Operates large-scale waste-to-energy and biomass facilities in the U.S. and Canada, providing CHP and steam to industrial and district energy customers analogous to ReGenerate's Albany Green Energy configuration.
• RWE Renewables Americas: Global renewable IPP that owns and operates biomass generation assets (e.g., residual wood-fired plants) and competes for utility-scale renewable PPAs alongside ReGenerate in North America.
• Boralex: Canadian renewable IPP with biomass and wood-residue generation assets in Maine (formerly known as Boralex operations that ReGenerate's GM Erik Norgren managed), competing for similar biomass feedstock and PPA structures.

Direct peers

• Babcock & Wilcox: Supplies biomass combustion and heat recovery technology (CFB, grate boilers, emissions controls) used in facilities like ReGenerate's; a key technology peer and potential partner as ReGenerate retrofits or expands.
• ReEnergy Holdings: ReEnergy Biomass Operations is ReGenerate's operational JV partner and contributor of the original Maine biomass assets; it operates biomass power facilities in the Northeast under a similar model with comparable feedstock and offtaker structures.
• Greenidge Generation Holdings: Owner-operator of biomass/natural gas generation in New York State; directly comparable as a contracted biomass-to-power platform of similar scale pursuing data center co-location and baseload renewable positioning.

Emerging players

• Ameresco: Renewable energy and energy services company that develops, owns, and operates biomass and biogas plants with long-term offtake agreements; comparable business model with a heavier emphasis on energy services and federal customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/regenerate-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ReGenerate Energy