Fund II
USRG Power & Biofuels Fund II (Fund II) closed in 2007 with $475 million in capital commitments.
Fulcrum Bioenergy
Pleasanton, CA
Initial Investment: 2007
Fulcrum Bioenergy is a waste-to-fuel project development company.
Newberry Geothermal
Bend, OR
Initial Investment: 2008
Newberry Geothermal is a geothermal exploration and project development company that holds a PPA with Pacific Gas & Electric for up to 120 MW of potential power in central Oregon.
Niagara Biomass
Niagara Falls, NY
Initial Investment: 2007
Niagara Biomass is a 52MW coal plant located in New York that was converted to burn wood biomass and tire derived fuel. The facility sells power to Coral Power, a subsidiary of Royal Dutch Shell, under a medium term power purchase agreement. Niagara Biomass also has a long-term renewable energy credit agreement with the New York State Energy Research and Development Authority.
Oski Energy
Santa Monica, CA
Initial Investment: 2007
Oski Energy is a geothermal exploration and project development company that holds leases representing more than 100 MW of potential power in Nevada, California and Oregon.
Pipestem Energy Group
Houston, TX
Initial Investment: 2007
Pipestem is a biofuels midstream storage and logistics company. Pipestem owns a 590,000 barrel storage terminal in Marrero, LA and is developing ethanol storage in Tampa, FL.
SolarReserve
Santa Monica, CA
Initial Investment: 2008
SolarReserve is a utility-scale solar project development company that uses proprietary concentrated solar thermal with molten salt storage technology licensed from United Technologies Corporation.
Thermal Energy Development Partnership
Tracy, CA
Initial Investment: 2007
Thermal Energy Development Partnership is the owner of a 20MW wood-fired facility located in northern California. Thermal Energy Development Partnership has a long term power purchase agreement with Pacific Gas and Electric until 2020.
ThermaSource
Santa Rosa, CA
Initial Investment: 2008
ThermaSource provides engineering project management, consultation services and drilling rigs to the geothermal industry.
US Biodiesel Group
San Francisco, CA
Initial Investment: 2006
US Biodiesel Group is a platform company formed to develop, own, and operate biodiesel production and terminal assets in North America. In June 2008, US Biodiesel Group was acquired by Renewable Energy Group (REG). REG is a leading operator, marketer and distributor of biodiesel production in the United States with a growing network of wholly-owned or managed biodiesel production facilities.
Versa Fuels
White Plains, NY
Initial Investment: 2008
Versa Fuels is a wood pelletization project development company.