 | Finding Great Opportunities in the Grand Canyon State |
Renegy Holdings, Inc. is a green energy company focused on operating a growing portfolio of biomass-to-electricity power generation facilities to address a growing demand for renewable and economical power.
“In 2002, more than 450,000 acres of Arizona forests were ravaged by the largest fire in the Southwest. After witnessing the devastation firsthand, it occurred to me that all this wood waste could be transformed into useful energy,” said Bob Worsley, chairman and chief executive officer of Renegy. “Comerica helped turn this vision into reality by securing the financing necessary to build our first biomass-to-electricity facility near Snowflake, Arizona.
“Comerica’s support also enabled us to establish the fuel procurement infrastructure necessary to collect the fire-salvaged wood and build a three-year inventory of wood waste fuel prior to commercial operations. We are now pursuing a broader growth strategy and expansion into the renewable energy marketplace with the goal of becoming the leading biomass-to-electricity independent power producer in North America.”