ReEnergy Completes Acquisition of Connecticut Tire-to-Energy Facility

Date: January 17, 2011

Source: ReEnergy Holdings LLC

ReEnergy Holdings LLC (Latham NY) said it completed its acquisition of the 31-megawatt Exeter Tire-to-Energy Facility located in Sterling CT announced in November. The facility which will henceforth be called the Sterling Energy Facility was previously owned by CMS Enterprises (Jackson MI) which built the plant in 1991 and has operated it continuously since then. "Our acquisition of and subsequent investment in the Exeter Facility is consistent with ReEnergy's strategy of acquiring select energy assets that convert biomass and waste fuels into renewable energy," said Larry Richardson, CEO of ReEnergy Holdings.

See also: "ReEnergy to Buy 31 MW Connecticut Tire-to-Energy Facility," (www.wasteinfo.com/news/wbj20101116C.htm).


PRESS RELEASE

ReEnergy Holdings Acquires Connecticut Tire-to-Energy Facility

ReEnergy Holdings has completed the acquisition of the Exeter Tire-to-Energy Facility located in Sterling CT that was announced in November 2010. The facility had been owned by a subsidiary of CMS Enterprises, based in Jackson MI. The 31 MW facility, continuously operated since 1991, is fueled with chipped and whole tires. Effective today, the facility will be known as the Sterling Energy Facility.

In a related development, we are pleased to announce that Scott Hersey has joined ReEnergy Holdings LLC as our Capital Projects Manager. Scott will be responsible for managing capital investment programs for ReEnergy's power plant operations. Prior to joining ReEnergy, Scott was the Business Development Director at Fastco Corporation where he provided project development and technical support services to various organizations. Before joining Fastco, Scott worked with Greenville (Maine) Steam Company for a number of years, where he managed that biomass-to-energy facility. Scott holds a First Class Engineers license in the State of Maine, has an AS in Business Administration from University of Maine, and a BS in Engineering from Maine Maritime Academy.

For more information, contact:
ReEnergy Holdings LLC
Larry Richardson
Chief Executive Officer
lrichardson@reenergyholdings.com

Tom Beck
Chief Commercial Officer
tbeck@reenergyholdings.com

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