The Savannah River Site officially promoted its newest power plant Monday.
The new Biomass Co-Generation plant produces power the old fashioned way– by burning wood chips and other debris from local manufacturing plants. Officials say these are materials that otherwise would just be thrown away. The plant is supposed to be able to provide half the power at the site through this method.
The biomass plant will replace oil and coal burning plants at the Savannah River Site.
Massachusetts-based Ameresco is building the plant. It will be repaid for its work through energy savings—estimated to be about $34 million per year over the 19-year-contract.