Clean fuel technology, power generation and engineering services
The acquisition of Greenwood Fuels marked the Libra Group's entry into the USA renewable energy sector. The company subsequently expanded and diversified to become Greenwood Energy which is involved in waste-to-energy fuel products; emerging clean power generation technology such as fuel cell and combined heat and power; solar energy investment; and engineering, procurement and construction (EPC) services for the solar sector.
Greenwood Energy's fuels division takes a wide variety of industrial waste to repurpose into burn-ready fuel pellets with lower emissions yet the same properties as coal, and can be used as a direct substitute with little or no adaptation. Greenwood has also installed plants in hotels, university campuses and other public buildings.
In 2014 the company announced a partnership with John Hancock Life Insurance to build and operate solar power stations across the USA. Financing of the initiative with an initial $40 million was led by John Hancock and the Libra Group.
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