http://www.prnewswire.com/news-releases/phoenix-energy-signs-agreement-to-build-californias-first-forest-biomass-gasification-plant-near-lake-tahoe-255482281.html

Phoenix Energy Signs Agreement to Build California's First Forest Biomass 
Gasification Plant near Lake Tahoe

SAN FRANCISCO, April 16, 2014 /PRNewswire/ -- Phoenix Energy announced it 
has signed agreements to build and operate a biomass gasification plant 
near Lake Tahoe, California. The 2-megawatt plant will utilize forest 
biomass from Placer County'sfire threat reduction activities to make 
electricity, heat and biochar - a solid carbon byproduct that is used as a 
soil conditioner and filter media. 

The plant will be the first to use forest-based fuel in California. The 
Lake Tahoe project is Phoenix Energy's third biomass gasification plant in 
state and when fully operational it will be the company's largest plant.   

"I believe there is a great opportunity for small community scale biomass 
plants to produce clean renewable energy forCalifornia and our third plant 
shows the technology is gaining momentum," said Phoenix Energy CEO Gregory 
Stangl.

In an effort to reduce forest fire risk and improve air quality, Placer 
County has been seeking to develop an alternative to open burning of large 
biomass piles. The recent massive Rim Fire in California's high sierras 
gave renewed emphasis to finding a better solution to managing that risk.  
"The piling and burning forest biomass in the open is a complete waste of a 
resource and bad for air quality – but it is often the only economic option 
for local communities. This plant will serve as a path towards a more 
sustainable outcome while providing local jobs and local energy," said 
Stangl.

Brett Storey, Placer County's biomass coordinator said, "after years of 
effort we are delighted to have an environmentally superior way of managing 
forest health and fire risk than what has been the norm. To reduce fire 
risk in an economical way while creating jobs and bringing investment in 
the County is a great bonus."

Phoenix Energy is an independent power producer that operates a network of 
small, distributed biomass gasification plants in partnership with 
businesses and communities. By focusing on small plants in the 1-3 MW range 
the Company strives to keep electricity, heat and fuel local to the plant 
where the value of energy is highest and transportation costs avoided. The 
gasification technology also produces biochar, which serves to permanently 
sequester carbon in solid form and is valued as a soil conditioner and 
filter media.

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