December 29, 2017 06:00 AM Eastern Standard Time
WHITE PLAINS, N.Y.–(BUSINESS WIRE)–Fortistar, which invests in energy sources primarily focused on transitioning to a zero-carbon economy, announced today that through its six industry leading companies, the company generated over three million MWh of clean electricity this year—the equivalent of powering 281,159 homes.
“As more and more communities realize and act on the significant social, environmental and financial benefits of low-carbon generation technologies the energy landscape is changing. This transformation has huge implications for our national competitiveness and we are proud to be a part of this positive change.”
“In the U.S. and around the world, we are witnessing the decarbonization of power consumption,” said Mark Comora, President of Fortistar. “As more and more communities realize and act on the significant social, environmental and financial benefits of low-carbon generation technologies the energy landscape is changing. This transformation has huge implications for our national competitiveness and we are proud to be a part of this positive change.”
Fortistar’s 2017 successes include: managing and building over 100 compressed natural gas (CNG) fueling stations generating 60M GGE of CNG by TruStar Energy; the operation and management of 31 renewable landfill gas (LFG) to energy facilities with 1M MWh capacity; a generating capacity of just over 1.1M MWh created by Primary Energy Recycling; 339M MWh from the New York Cogeneration Group; and 490 MWh of renewable energy capacity generated by its Biomass Group. These activities contributed to more than seven million tons of mitigated carbon emissions – the equivalent of planting and growing more than 78 million trees over 10 years.
This year, Fortistar also launched a new website that offers quick and easy access to information about the firm’s investment strategy and portfolio companies’ projects. Visitors to the new website can learn about how the team’s disciplined focus has resulted in superior returns and helped communities and companies transition away from fossil fuels to lower carbon energy solutions.
For more than 20 years as a privately-owned firm, Fortistar has built, invested in and managed an unparalleled portfolio of successful co-generation and other transitional clean energy generation projects in the U.S. and Canada. The company’s exceptional accomplishments are built on a foundation of outstanding professionals and their ability to forge strong relationships with investors, customers and local communities.
To learn more about Fortistar, visit www.fortistar.com.
Headquartered in White Plains, New York, Fortistar is a private investment firm that owns and operates energy related assets for a low carbon economy. Our success is built on a foundation of experienced professionals who share a deep understanding of energy related operations, financing and development.
For decades, the company has developed, invested in and managed an unparalleled portfolio of successful power and energy initiatives in the United States and Canada, including cogeneration facilities; compressed natural gas fueling stations; landfill power plants; and biomass facilities.
There is a natural tendency to be introspective. Fortistar’s nature, however, is to look outwards, at its connection to customers, investors, partners and markets. As you review our capabilities and results, consider the common thread that ties it all together: a focus on turning the human aspects of business into superior returns and tangible answers to global issues.
For more information, please visit www.fortistar.com.
Andy Beck, 202-587-5634
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