Genera receives financing to support business growth

In the US, biomass supply company Genera Energy has received a strategic financing commitment from WindSail Capital Group, an investment firm that provides growth financing to companies advancing energy innovation and sustainability.

The investment will provide Genera with the resources to continue expanding by helping scale its energy crop production and supply chain operations, further expand the portfolio of biomass feedstocks and geographies it covers, and expand the working capital of the company as a whole.

Kelly Tiller, president and CEO of Genera Energy. Says: 'We appreciate its [WindSail Capital] recognition of the complexity and value of the upstream supply of biomass for a variety of fast growing bio-based markets. This financing is an important milestone for the bio-based economy as a whole.'

Tiller continues: 'For more than a decade we've seen focused attention and resulting improvements in the advanced technologies that unlock the potential of abundant and renewable biomass resources to produce fuels, chemicals, materials, power and products. As these proven technologies are now moving from labs to full production scale, there's a growing recognition that the economic competitiveness and true sustainability of the bioeconomy hinge on the cost and reliability of the upstream supply of biomass.'

Michael Rand, co-founder of WindSail Capital Group, adds: 'We see Genera Energy as building the key supply chain infrastructure to help accelerate the bioenergy industry.'