Impact Capital Partner’s Overview
FOR INSTITUTIONAL INVESTORS ONLY – This project will provide 100% renewable, carbon-negative pyrolysis power to a co-located AI data center in Northern California.
See “A Primer on Carbon-Negative AI Data Centers” for more on this topic
Buena Vista Biomass Power (BVBP) Plant
AI demand is exploding, but US data centers are already nearing their limits. Vacancy rates in top markets are at historic lows at about 3% nationally, leaving little room for new growth. At the same time, the US has more than 180 biomass power plants, but almost 2/3rds of them have been shuttered, as legacy contracts expired and market priorities shifted.
These closures were driven not by technology failure, but by economics, as biomass couldn’t compete with subsidized solar and wind once their long-term utility contracts ended. As a result, vast amounts of dispatchable, grid-connected infrastructure now sits idle, just as AI’s exponential growth collides with severe capacity and power bottlenecks.
NewYork GreenCloud (NYGC) is reviving these facilities, starting with the Buena Vista Biomass Power (BVBP) plant in Ione, CA. In partnership with BucSha Energy, the site is being re-powered as a carbon-negative pyrolysis facility, delivering behind-the-meter electricity to an on-site, liquid-cooled AI data center with long-term hosting agreements already in place. By transforming biomass into carbon-negative energy, biochar and monetizable credits, the project not only restores stranded assets but also qualifies for Investment Tax Credits (ITCs), making BVBP a scalable model for powering AI with climate-positive infrastructure.
Highlights
- Purchase Plant – MIPA dated 9/15/25
- Phase 1 – Re-furbish / re-power existing plant (Targeted completion Q4 2026)
- Phase 2 – Convert plant to carbon negative pyrolysis
- Location – 4655 Coal Mine Road, Ione, CA 95640
- Size – 18MW / upgradable to 40MW
- CapEx – $156MM
- Permits – Current
- Power Connection – CAISO
- Fiber Connection – Yes
- New Market Tax Credits (NMTCs) – Not Available
- Investment Tax Credits (ITCs) – Available up to 50%
Disclaimer:
The companies referenced on this page are included solely for illustrative purposes to describe the types of counterparties that may be evaluated in connection with the described strategy. References reflect preliminary discussions or exploratory considerations by BucSha and/or NewYork GreenCloud only. Inclusion does not constitute an endorsement, solicitation, partnership, or commitment, nor does it imply any current or future contractual relationship. Final counterparties, vendors, and service providers may differ materially and will be disclosed only if and when definitive agreements are executed.
Technology & Infrastructure
- 2CRSi
- A strategic partner and tech company that develops, manufactures and distributes servers, provides the needed IP and infrastructure to build and maintain their liquid/immersion cooled data centers.
- Following their “Made in Local” strategy, servers provided will be USA Made in their Rouses Point, NY production facility.
- An Elite Partner of NVIDIA
- NVIDIA Elite Partners represent the deepest level of partnership with NVIDIA and demonstrate the highest level of commitment to the partnership.
- Modular Data Centers
- From a leading construction company in modular technology (to be announced soon)
- FEECO International
- For USA Made pyrolysis calciners to convert biomass to power, biochar & carbon removal credits (CORCs)
Engineering & Supply Chain
- BucSha Energy
- BucSha is led by Dave Shaffer, who, as President & COO of Georgia Renewable Power, was responsible for the complete development, permitting, financing, construction and start-up of the Franklin and Madison 65 MWE biomass power plants.
- CEG Solutions
- CEG to serve as the Design, Build and O&M contractor on all projects. CEG aims to provide a Price and Schedule wrap on the construction, along with performance guarantees, with bonding during the O&M lifecycle of the plants, to manage the risks associated with the projects.
- PPS Services Group
- PPS Services Group is a professional engineering and technical services company with a focus on Power and Industrial Solutions worldwide, and a proven track record with biomass plants.
- Lignum Support
- A 30-year fiber logistics leader of biomass feedstock supply-chains
Carbon Strategy
- Offstream – For LifeCycle Assessment (LCA) & streamlined carbon compliance – Related Insight
- puro.earth – For independent carbon credit certification
Tax Credit Execution
- KPMG
- For tax credit consulting to provide eligibility analysis, compliance support, documentation and transfer execution services to ensure full monetization of Investment Tax Credits (ITCs).
- Crux Climate
- For the sale and transfer of tax credits managed through Crux Climate, a leading exchange platform for tax credit monetization. Related Insight
Off-Take Agreements
- Power Purchase Agreements
- NYGC Data Center (25 year PPA)
- Local Industrial Mineral Producer (in negotiations)
- Local Casino (in negotiations)
- Off-take agreements for other by-products including:
- NEOM for CORCs (LOI 5/15/25) – Related Insight
- Towing for biochar (LOI 10/9/25) – Related Insight
- Enel Group for excess power & RECs – Related Insight
A Primer on Carbon-Negative AI Data Centers
Find the full syllabus and explanation HERE
- SECTION I: Foundations of Carbon-Negative Power
- Biomass 101: Understanding Renewable Power from Organic Waste
- Pyrolysis 101: Turning Waste Into Worth
- Biochar 101: Turning Carbon Into Opportunity
- CORCs 101: Carbon Removal Certificates and Why They Matter
- RECs 101: Understanding Renewable Energy Certificates and Their Role in the Clean Power Economy
- NEPA 101: Understanding the National Environmental Policy Act’s Review Process for Clean Energy Projects
- SECTION II: Feedstock and Operations
- SECTION III: Integration and Project Development
- SECTION IV: Policy and Incentives
- Investment Tax Credits 101: How Transferable Credits Are Powering the Next Wave of Clean Energy Investment
- New Markets Tax Credits 101: How Clean Energy Spurs Local Economic Growth
- Tax Credit Consulting 101: Maximizing Project Value Through Expert ITC Guidance
- ITC Insurance 101: Protecting Project Value in a Growing Credit Marketplace
- SECTION V: Technology and Infrastructure
- SECTION VI: Global and Strategic Perspectives
News & Insights
- Insight 1/14/26 Press Release: NewYork GreenCloud Acquires Buena Vista Biomass Power Facility to Launch First Carbon-Negative AI Factory
- Insight 12/17/25 Press Release: Atlas Cloud AI and NewYork GreenCloud Launch $6B Sustainable AI Infrastructure Partnership Powered by NVIDIA Blackwell Platform
- Insight 10/2/25 2CRSi’s $290 Million California Contract and the Future of Sustainable AI Infrastructure
- Insight 8/30/25 AI Data Centers Face Surging Demand Amid Tight Capacity
- Insight 6/27/25 – Why NYGC’s AI Data Center Strategy Scores High on the Sustainable AI Quotient (SAIQ
- 2CRSi Press Release 6/25/25
- Preqin Article 10/16/24 – Biomass Start-ups Secure Capital as VCs Back Innovative Technologies
- LA Times 1/3/25 – Near-complete ban on agricultural burning finally takes effect in San Joaquin Valley
Resources
- Presentation Deck – Upon Request (Institutional Investor Only)
- Data Room – Upon Request (Institutional Investor Only)
- Financial Model – Upon Request (Institutional Investor Only)
- Buena Vista Biomass Power overview by Klean Industries – Post / Video
- BucSha Energy – Website
- NewYork GreenCloud (NYGC) – Website
- 2CRSI – Website
- NVIDIA Elite Partner description – Website
- NVIDIA March 2025 San Jose GTC Keynote by Jensen Huang – Replay
- 1:39:00 “Energy is our most important commodity.”
- CEG Solutions – Website
- PPS Services Group – Website
- Lignum Support – Website
- FEECO International – Website
- Tesla Megapacks – Website
- SolarFlexes – Website
- Offstream – Website
- Puro.earth – Website
- KPMG – Website
- Crux Climate – Website
- NEOM – Website
- ENEL – Website