Fortistar today announced that it has appointed Mo Klefeker as Chief
Executive Officer of its portfolio company Primary Energy Recycling.
Klefeker, who succeeds John D. Prunkl, will assume the role effective
November 2, 2015. Primary Energy Recycling helps industrial companies
create value from waste energy by building, owning and operating waste
heat to power (WHP) and combined heat and power (CHP) plants at their
manufacturing locations.
“Mo has significant management, operational and financial experience in
energy generation and management services. He understands how important
it is today for energy producers and industrial companies to operate
efficiently and capture their waste energy—whether steam or heat—and
turn that into a lower carbon energy source. We are excited to have him
lead the next phase of growth for Primary Energy Recycling,” said Mark
Comora, president of Fortistar, which holds Primary Energy Recycling in
its energy portfolio.
Comora continued, “I want to personally thank John Prunkl who was
instrumental in building Primary Energy Recycling. After 12 years of
service, John is leaving the company with a solid management team in
place and employees who are dedicated to Primary Energy’s mission. The
company’s long-term customer relationships, contracts and operations are
strong because of John’s effective leadership.” Prunkl, who stepped down
to pursue other opportunities in the energy industry, will continue to
serve as non-executive senior advisor until May 2016.
Klefeker, who returns to Illinois from Colorado, most recently served as
President and CEO of Denver-based Southwest Generation, which operates
natural gas-fired generating facilities in California, New Mexico and
Colorado. There he led the growth of the company to $1 billion,
expanding the company’s power purchase contracts and embarking upon a
strategy to develop wind, solar PV and combined heat and power projects.
He also created and drove a culture of employee and workplace safety
across the organization. Klefeker has worked in the independent power
and utility industry his entire career, including 14 years with the
utility that serves Northwest Indiana, where Primary Energy Recycling’s
projects are located.
“I’m excited to join Primary Energy Recycling, which has an excellent
reputation for identifying and then executing upon CHP and WHP
strategies that make energy-intensive companies more competitive. By
reducing customers’ energy costs and emissions, Primary Energy Recycling
goes beyond just identifying the opportunities—the company delivers
bottom-line results,” said Klefeker. “I believe that the company is
well-positioned for growth and I look forward to working closely with
current customers to reliably meet their energy needs.”
For decades as a privately-owned firm, Fortistar has built, invested in
and managed successful carbon-reducing energy initiatives in the U.S.
and Canada. In addition to Primary Energy Recycling, the firm’s
portfolio includes co-generation projects, landfill gas-to-energy
initiatives, biomass facilities, and TruStar Energy, one of the nation’s
leading developers of compressed natural gas (CNG) fueling stations.
ABOUT PRIMARY ENERGY RECYCLING
Headquartered in Oak Brook, Illinois, Primary Energy Recycling creates
value for its customers by capturing and recycling waste energy from
industrial and electric generation processes and converting it into
reliable and economical electricity and thermal energy. The company’s
technology also helps organizations reduce emissions and costs, by
capturing more heat from blast furnaces and coke ovens, maximizing CHP
efficiency and shifting fuel from coke to pulverized coal. By partnering
with Primary Energy Recycling, energy producers can increase revenue by
selling converted energy and industrial users can reduce energy costs
and reduce emissions.
Primary Energy Recycling, a Fortistar portfolio company, owns and
operates four recycled energy projects and has a 50 percent interest in
a pulverized coal facility. The company has a combined electrical
generating capacity of 298 megawatts and a combined steam generating
capacity of 1.8M lbs./hour.
For more information, please visit www.primaryenergy.com.
ABOUT FORTISTAR
Headquartered in White Plains, New York, Fortistar is an
opportunity-oriented, private investment firm that is distinguished by
focused people with a deep understanding of the interrelationships among
energy operations, market movements, financing and development.
Fortistar attributes its financial success to a long-term perspective in
the development and operations of such projects, as well as strong
relationships with partners and local communities.
For more information, please visit www.fortistar.com.
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