Intrinergy, a Leading Renewable Energy Company, to Expand Production of Wood Pellets at German Facility

RICHMOND, Va. & STRAUBING, Germany--(BUSINESS WIRE)--Intrinergy, a U.S.-based renewable energy company, announced today that its German subsidiary, CompacTec KG, is doubling its wood pellet production capacity. Due to volatile and rising fossil fuel prices, the demand for wood pellets continues to grow throughout Europe. Wood pellets are used in furnaces as a substitute for heating oil and natural gas. In Austria, for example, it is estimated that two-thirds of all new residential heating furnaces are pellet burners.

State-of-the-art cogeneration technology at the CompacTec facility converts renewable biomass into thermal and electrical energy. The thermal energy is used during manufacturing to dry the pellets while the electricity is sold to the local grid under the German green power program. Drawing from local resources, the facility is fueled by waste material byproducts of sawmilling, planing, and general forestry activities. Production of wood pellets at the facility will increase from 5,000 to 10,000 metric tons per month. The wood pellets are marketed under the “1Heiz®” brand.

“By using biomass to manufacture a sustainable alternative fuel for residential and commercial buildings across Europe, the CompacTec facility exemplifies the holistic approach of the Intrinergy solution,” said John Keppler, chief executive officer of Intrinergy. “In addition to the environmental benefits, the facility also realizes significant cost savings by using locally-produced biomass instead of fossil-fuels.”

In order to minimize waste and maximize energy efficiency, the 16 MW of thermal energy from the upgraded system generates 1.1 MW of electricity as well as heats the operation’s wood pellet dryer. Although drying the wood pellets is the largest use of energy in the manufacturing process, it represents less than two percent of the energy available in the finished pellets, demonstrating the extraordinary efficiency of wood pellets as a fuel source. In addition, green electricity from biomass provides a continuously-available base load, unlike other forms of renewable energy.

About Intrinergy

Founded in 2004, Intrinergy specializes in building, financing, owning, and operating renewable energy facilities. Intrinergy converts cost-competitive biomass into green electricity and thermal energy (steam) for industrial customers, helping to reduce their exposure to fossil fuel price volatility and carbon emissions. Today, Intrinergy operates facilities in Mississippi, Ohio, Germany, and the Dominican Republic; new facilities now in permitting and construction include projects located in Belgium, Connecticut, Delaware, and Pennsylvania. Collectively, these projects represent over $250 million in capital investment. For more information, visit www.Intrinergy.com.

About CompacTec

Founded in 1999, CompacTec KG has its own production plants and four press lines, making it one of the largest manufacturers of quality pellets in Germany. Its “1Heiz®” brand of pellets meets DINplus quality standards. For more information, visit www.1heiz-pellets.com.

Press Contact:
Hellerman Baretz Communications
Helen Bertelli
+1 804-273-9470
hbertelli@hellermanbaretz.com
or
Business Contact:
Intrinergy
Thomas Meth
Executive Vice President
+1 804-677-2339
Thomas.Meth@intrinergy.com