Company History

Forsite Development was founded with a focus on finding value in overlooked opportunities by acquiring and redeveloping industrial facilities
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Forsite Development was founded with a focus on finding value in overlooked opportunities by acquiring and redeveloping industrial facilities

Forsite Development Founded - 2004

Forsite executed the successful risk transfer of the Elizabethtown Power Plant, marking Forsite’s first risk transfer of a coal plant
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Forsite executed the successful risk transfer of the Elizabethtown Power Plant, marking Forsite’s first risk transfer of a coal plant

Coal Plant Transfer Program Launched - 2014

Forsite pivoted to focus on chemical and industrial plants that offered significant land for solar development at below market rate prices
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Forsite pivoted to focus on chemical and industrial plants that offered significant land for solar development at below market rate prices

Risk Transfer 2.0 Launched - 2019

The team formed Forsite Renewables to help shape the future strategy of the company around a differentiated approach to solar development
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The team formed Forsite Renewables to help shape the future strategy of the company around a differentiated approach to solar development

Forsite Renewables Division Founded - 2019

Forsite acquires the CP Crane Plant marking their first risk transfer deal that will be redeveloped into a solar and BESS plant
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Forsite acquires the CP Crane Plant marking their first risk transfer deal that will be redeveloped into a solar and BESS plant

CP Crane - 2021

Two years after forming Forsite Renewables, the team successfully sold their first project
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Two years after forming Forsite Renewables, the team successfully sold their first project

Sullivan Project Sale - 2021

Forsite completes the remediation and redevelopment of both Consumers Whiting and Consumers BC Cobb
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Forsite completes the remediation and redevelopment of both Consumers Whiting and Consumers BC Cobb

Completion of Consumers Plant - 2022

Forsite’s development pipeline surpasses 5 GW of solar and BESS assets across 8 states
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Forsite’s development pipeline surpasses 5 GW of solar and BESS assets across 8 states

Renewables Development Pipeline Surpasses 5GW of Solar - 2022

Risk Transfer 3.0 seeks to partner with a well-capitalized firm to purchase coal plants to accelerate and increase the profitability of their solar developments
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Risk Transfer 3.0 seeks to partner with a well-capitalized firm to purchase coal plants to accelerate and increase the profitability of their solar developments

Risk Transfer 3.0 Launches - 2023

Alamosa sale, Pulaski MIPSA, and Carroll Island term sheet provide further validation of the Company’s business model
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Alamosa sale, Pulaski MIPSA, and Carroll Island term sheet provide further validation of the Company’s business model

Renewables Project Sales - 2023

Michael Geary

Power Station Manager

Michael (Mick) Geary joined Forsite in January 2022 and is currently the Power Station Manager, responsible for our electrical generation facility, Clean Energy, located in Charlotte, NC. He has over twenty years of experience in equipment maintenance, which led him to a variety of management roles within organizations throughout Australia, Canada, and the United States. Mick has a Bachelor of Business in Management and Human Resources from James Cook University in Cairns, Australia.

Gary Greene

Project Manager

Gary, joined the Forsite team in 2021 as Project Manager after 35 years of industrial construction and manufacturing experience. During his manufacturing career, Gary had a multitude of roles–starting in production and quality control, moving onto plant site utilities and finishing in maintenance.
 
As the plant maintenance manager, Gary coordinated maintenance and electrical teams to ensure that all plant operations and goals were achieved. Gary is responsible for Site and Project Management at one of Forsite’s largest industrial properties.

Bill Abraczinskas

Director of Environmental

Prior to joining Forsite, Bill spent 30 years in global environmental engineering firms prior to creating his own business to provide environmental consulting and engineering services to the industrial and commercial markets.
 
His background is in large-scale civil remediation projects involving design/build, earthwork, in-situ remediation, pump and treatment systems, demolition, thermal incineration, facility rehabilitation, and wetlands restoration. Bill’s strengths include guiding clients through compliance with regulatory agencies. Bill is currently shepparding one of Forsite’s largest Risk Transfer projects through demolition and remediation in order to be repurposed to Forsite’s needs.

Gerald Stroner

Facilities Manager

Gerry joined the Forsite team in 2017 as Facilities Manager at ReVenture Park in Charlotte, NC. Gerry supervises repair and upkeep of all buildings, equipment and vehicles, grounds maintenance and heavy equipment operations.
 
He also provides facilities management at our Edge Water Treating waste water treatment facility in Salisbury, NC.

Gerry is currently pursuing waste water operator credentials, and is developing drone photography services for Forsite.

A native of Big Bear Lake, California, Gerry is an army veteran with 11 years construction experience in earthquake country. He now lives in Huntersville NC.

Greg Coleman

Principal

Greg represents the perfect blend of mechanical practical ability and theoretical engineering acumen. A native of Northern Australia, Greg was compelled to hone his mechanical skills keeping farm equipment operational in harsh conditions.
 
Additionally, this mechanical ingenuity led Greg to study Engineering and pursue a career in the consulting business with companies such as URS and Geosyntec. Greg is the Technical Director for all of Forsite’s endeavors including power, wastewater, construction, decommissioning, demolition and environmental liability projects.