Biomass plant shuts down temporarily

EAST RYEGATE—The owner of the Ryegate biomass plant has been ordered by a bankruptcy court judge to sell off almost all of its assets to Hartree Partners, a New York-based investor that is one of its largest creditors.
Stored Solar filed for bankruptcy in Maine in September. On Nov. 23, a judge approved a plan for the company to sell off all its biomass plants in Maine, Massachusetts, and New Hampshire to Hartree. Stored Solar’s bankruptcy filing did not include the plant in Ryegate, which appears to be the lone remaining asset in the Maine-based company’s holdings.
The biomass plant in Ryegate, however, is temporarily shut down, according to a Dec. 5 report in Seven Days.