Renegy Holdings Inc. (RNGY) is Using Chips off the Old Block to Create Biomass Electricity
Renegy Holdings, Inc, headquartered in Tempe, Arizona, is a renewable energy company focused on acquiring, developing, and operating a portfolio of biomass-to-electricity power generation facilities. As a NASDAQ traded company, they also engage in the development, construction, and operation of new biomass facilities. Their corporate goal is to grow their renewable energy assets to become the leading independent power producer of biomass electricity in North America. Renegy is using wood waste as their primary fuel source. They sell the electrical, and sometimes the steam, output from their facilities to local utilities and industrial customers. The company began commercial operations of…