April 28, 2017 10:21 PM ET

Electric Utilities

Company Overview of Fortistar, LLC

Company Overview

Fortistar, LLC manages a network of power generation projects in the United States and Canada. It operates landfill power plants that utilize greenhouse gas to produce energy; cogeneration facilities that produce electricity and heat by using fuel source; and biomass facilities that generate green/renewable power by utilizing wood waste. The company was founded in 1974 and is headquartered in White Plains, New York.

One North Lexington Avenue

White Plains, NY 10601

United States

Founded in 1974

Phone:

914-421-4900

Fax:

914-421-0052

Key Executives for Fortistar, LLC

President
Chief Financial Officer
Chief Executive Officer of Primary Energy Recycling
Age: 59
Managing Director
Compensation as of Fiscal Year 2016.

Fortistar, LLC Key Developments

Fortistar Modernizes Landfill Gas to Renewable Energy Project in Los Angeles

Fortistar announced that it has upgraded its renewable landfill gas (LFG) to energy station at the closed Lopez Canyon Landfill managed by LA Sanitation. The station will supply 3 megawatts (MW) of electrical power to the City of Los Angeles Department of Water and Power (LADWP). Khalil Gharios with LA Sanitation, Allen Hunt with Fortistar and City of Los Angeles Councilmember Felipe Fuentes rededicate and tour the modernized landfill gas to renewable energy station at the Lopez Canyon Landfill. Located in Lake View Terrace, CA, Fortistar's Lopez Landfill Gas Energy Station is the only LFG renewable energy project in the City of Los Angeles Feed-in Tariff (FiT) program, which promotes active investment in and promotion of renewable energy sources. The FiT Program allows the LADWP to partner with third-party energy companies, like Fortistar, to purchase electricity from renewable energy generating systems for the city's power grid, helping it meet the state-mandated goal of 33% renewable energy by 2020.

Fortistar Announces Executive Changes, Effective November 2, 2015

Fortistar announced that it has appointed Mo Klefeker as Chief Executive Officer of its portfolio company Primary Energy Recycling. Klefeker, who succeeds John D. Prunkl, will assume the role effective November 2, 2015. Klefeker, who returns to Illinois from Colorado, most recently served as President and CEO of Denver based Southwest Generation, which operates natural gas-fired generating facilities in California, New Mexico and Colorado. There he led the growth of the company to $1 billion, expanding the company’s power purchase contracts and embarking upon a strategy to develop wind, solar PV and combined heat and power projects. Klefeker has worked in the independent power and utility industry his entire career, including fourteen years with the utility that serves Northwest Indiana, where Primary Energy Recycling’s projects are located.

Fortistar Acquires Two LFG Projects

Fortistar announced that it acquired two landfill gas (LFG) to energy projects, expanding its landfill gas portfolio by 11 MW. The acquisitions were from Green Gas Americas. The two new projects are both operational; the 8 MW Pioneer Energy project, located in Birdsboro, PA, sells power to Constellation Energy under a long-term offtake agreement. The 3MW Port Charlotte Energy project, located in Punta Gorda, FL, sells power to Orlando Utilities Commission under a long-term contract. Fortistar will own and operate both projects.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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