COMPANY
Preparing Loring for its
next generation of industry
A privately owned development company built for successive generations of energy and industrial opportunity.
Loring Holdings, LLC is a privately owned energy and infrastructure development company based at the Loring Commerce Centre in Limestone, Maine. We assemble and manage the property interests, engineering work, commercial relationships, and private investment needed to advance large industrial projects.
Our work supports successive opportunities as energy markets and technologies evolve. Today, that includes dedicated renewable power for advanced computing and a separate renewable-fuels development business.
CAPABILITY
What we bring to a project
Viewed individually, these components possess independent value. Viewed together, they create a prepared platform from which qualified commercial opportunities can be evaluated without beginning from zero.
More than $25 million in private at-risk capital has supported the development effort, including property, engineering, environmental, legal, and commercial work.
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Long-term development rights across Northern Maine sites
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Existing utility infrastructure and rights-of-way
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Engineering and project-development work already performed
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Engineering, environmental, legal, financial and commercial
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More than $25 million at risk in platform development
HISTORY
The Loring Holdings story
The closure of Loring Air Force Base in 1994 left Northern Maine with substantial industrial infrastructure and a difficult redevelopment challenge. Hayes Gahagan and the development group that became Loring Holdings recognized the potential to preserve those assets and put them to new commercial use.
Beginning in the late 1990s, the group worked to secure long-term infrastructure interests, assemble professional teams, and evaluate energy and industrial projects. That work expanded through pipeline, electric-transmission, cogeneration, biomass, and renewable-fuels initiatives.
Some earlier proposals, including Maine Power Express and the original Loring cogeneration proposal, were not constructed. They nevertheless contributed engineering work, commercial relationships, and experience with regional energy markets and regulatory processes.
Today's Renewable Power Island concept applies that accumulated work to a current industrial need: dependable power and suitable sites for large computing customers. Renewable fuels remain a separate opportunity within the company's broader development strategy.
CHRONOLOGY
Development milestones
INFRASTRUCTURE
Strategic infrastructure
The approximately 200-mile Searsport–Loring corridor is an important part of the company's infrastructure history and potential Phase Two logistics. Loring Holdings holds long-term interests in the corridor, subject to existing agreements and other parties' rights.
Potential future uses require project-specific engineering, commercial agreements, and applicable approvals. Phase One's data-center and power development does not depend on the corridor.
LEADERSHIP
Experienced leadership
Our leadership brings experience in energy development, industrial operations, public policy, engineering, project management, and legal oversight. Specialized advisors support individual projects as their requirements develop.