The project obtained financing which includes Green Bond financing for a total of $10.4M in tax-exempt bonds and $4.7M in taxable bonds, a CalFIRE loan of $1.2M and equity investment of $2.2M from the gasifier company EQTEC. The project has also obtained a PPA with PG&E. Equipment from GE was delivered to the site but was never installed because GE withdrew from its gasifier business and decided not to move forward. Phoenix Energy has since been working with EQTEC; the replacement equipment are being prepared at an EQTEC site and in process for delivery. While site preparations in North Fork have resumed, the project activities were also slowed down by the effects of the covid-19 pandemic.
The goal of the North Fork Forest Bioenergy project is to demonstrate a 1-megawatt (MW) forest waste bioenergy gasification-to-electricity facility. The biomass gasification facility is targeted to be a commercial-scale, community-based facility capable of accepting and processing wood waste from forest management that would otherwise create wildfire and air quality challenges, and generating renewable grid-connected electricity. Once the gasification is fully installed and operational, the project team will investigate critical performance parameters and evaluate individual components and protocols to improve performance and reduce operating costs.