This week, private equity platform Ember announced that its portfolio company ReGenerate has closed on the sale of biochar carbon removal credits to KPMG, with the help of ClearSky Limited.  

The volume of credits and investment in this transaction was not disclosed. 

Based in the United States, ReGenerate is a bioenergy company that uses low-value wood residues from local logging and wood product industries as feedstock for the production of renewable power and biochar. 

With this transaction, KPMG continues the trend of corporate buyers investing in biochar carbon credits as part of their strategy for sustainability and reaching climate goals in the coming years. 

Ember is a private equity firm that invests in infrastructure solutions expected to increase resource efficiency and enhance business resilience. Its interest spans four main sectors, including energy transition, water, waste, and industrials and agriculture.

Its team provides financial solutions that enable growth and create value, and its preferred model of support is long-term relationships and direct industry engagement.

ReGenerate is one of the developers backed through Ember’s portfolio investments, which also include companies such as Advanced Recycling Technologies, H2O Innovation, Earthwise, Ground/Water Treatment & Technology, LID Tech, OnSyte Performance, and others.

Back in 2021, ReEnergy Biomass Operations and Ember Infrastructure announced plans to enter into a joint venture to develop an industry-leading bioenergy platform.  

This partnership paved the way for the company named ReGenerate Energy, which acquired an ownership interest in the ReEnergy Stratton and ReEnergy Livermore Falls facilities. 

At the time of the joint venture announcement, ReEnergy Biomass Operations and Ember also shared plans to expand the bioenergy platform in the future through the acquisition of additional bioenergy assets across the North American market.

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