American Renewables History

American Renewables was founded in 2008 to handle development of new renewable energy projects.

The partnership began in 2005, when BayCorp Holdings, Ltd., and Energy Management, Inc. (EMI), joined forces to develop utility-scale biomass projects. They purchased the Nacogdoches Power site (originally a natural gas development project), acquired required easements, completed permitting for a biomass facility, and signed a long-term power purchase agreement. In addition, they began developing two additional projects.

BayCorp Holdings, Ltd.

BayCorp is a holding company incorporated in Delaware in 1996. In 2005 BayCorp became part of the Tavistock Group of companies -- a global, private investment firm founded 30 years ago by investor Joe Lewis. Tavistock has interests in more than 170 companies located in 15 countries.

BayCorp is an energy company that owns power facilities, as well as natural gas and oil production and development assets. BayCorp previously held joint ownership in the Seabrook Nuclear Power Project in Seabrook, New Hampshire.

Today BayCorp owns and operates a hydroelectric generation facility and is developing additional generation facilities in Vermont. Through its Great Bay Power Marketing, Inc. subsidiary, it supplies wholesale power in New England. Through its subsidiary BayCorp Resources, it owns and operates oil and natural gas development and production projects located throughout Texas. BayCorp is also the majority owner of HoustonStreet, a web-based platform for the trading of crude oil and refined petroleum products.

Energy Management, Inc.

Energy Management, Inc. is a privately-held energy company with more than 30 years of experience in energy conservation and energy development. In 1986, EMI developed, financed and constructed Alexandria Power Associates, a 15-MW wood-fired power production facility in Alexandria, New Hampshire. After the Alexandria project, EMI developed six natural gas-fired electric generation facilities totaling more than 860 MW of capacity, including the first true independent and merchant power projects in New England. EMI is also currently developing the Cape Wind Project, a 468-MW offshore wind project to be located in Nantucket Sound off the southern coast of Cape Cod, Massachusetts.