PelletFuels.com

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Pellet fuels are one of the fastest-growing renewable energy sources in the world, with pellet factories rapidly sprouting in the Southeastern U.S. and Canada. Wood pellets — cylinders of dried wood made from sawdust — constitute one of the least expensive way to meet new European renewable energy mandates. The EU requires member countries to generate 20% of their electricity from renewable sources by 2020, galvanizing Europe to import $92.6 million worth of pellet fuels in the first three months of 2009, up 62% from the same period a year earlier according to the EU. Pellet fuels are used largely to power stoves, furnaces, and fireplaces.

Leaders in wood pellet manufacturing and export include Pellet Sales, New England Wood Pellet, and Energex. In 2009, WoodPellets.com was purchased for $115,000.

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