North Lake Energy Qualifies to sell Recycled Energy Credits in Ohio

Effective October 24, 2018, North Lake Energy is certified as an Ohio Renewable Energy Resource Generating Facility. The North Lake steam turbine was upgraded from a 75MW capacity to a 90MW capacity in 2012. This upgrade allows the incremental 15MW to qualify for the sale of non-solar recycled energy credits (“RECs”) in the state of Ohio. One recycled energy credit is equivalent to the generation of 1 MWh. Since the North Lake project resides in the state of Indiana (adjacent to the state of Ohio), it qualifies under the Ohio Renewable Portfolio Standard. Note, the state of Indiana does not currently have a recycled energy credit market or requirement. North Lake’s generation is classified as waste heat as the facility moves waste heat created during the production of steel from the atmospheric flare stack into a boiler so the waste energy can be extracted into useful power that otherwise would have been lost. All energy produced by North Lake is used within the mill and offsets purchases from the local utility. This is an exciting enhancement opportunity to North Lake and Primary Energy as it creates an incremental revenue stream from existing generation.