Monday, March 19, 2007

Entrepreneurs Continue to See Green in Renewable Energy.

The bonanza created for energy entrepreneurs by California’s renewable energy mandate continues. In San Diego, a two year old company called Bull Moose Energy is building a $60 million, 23 MW biomass energy plant. Bull Moose’s CEO is a former Venture Capitalist and television executive.

The plant will convert discarded wood and green waste into energy, using a three step process that results in no net carbon emission increases. 450 tons of discarded material are all that is required annually to meet the facility’s 23 MW target.

According to Bull Moose, not only is the plant environmentally beneficial, but it isn’t an eyesore like other biomass operations that look more like oil refineries.

The San Diego Business Journal has the full story here.