WHITE PLAINS, N.Y. (January 9, 2020) – Fortistar, a sustainability‐focused private energy investment and operating company helping to facilitate the transition to a carbon‐free economy, along with its partners have entered into an agreement to sell 50% of the shares of Primary Energy to SDCL Energy Efficiency Income Trust (SEEIT). Primary Energy Recycling has a 298 MW portfolio of waste heat to power (WHP) and combined heat and power (CHP) plants located at two of the most efficient steel mills in North America belonging to ArcelorMittal S.A. and United States Steel Corporation, selling discounted electrical and thermal energy to the mills under long‐term stable contractual arrangements. The transaction is expected to close in the first quarter of 2020 and Fortistar will continue to manage the company.
Energy for Industry
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