Peter Farrell, 27 

Founding Member
Recast Energy LLC

click to enlarge peter_farell.jpg

Instead of going to business school as he'd expected, Peter Farrell enrolled in his own crash course in starting a multimillion-dollar biomass business.

During the past year, Farrell has recruited board members and investors for the new business, Recast Energy LLC, which has facilities in Kentucky, Mississippi and the Dominican Republic that produce steam to be distributed as thermal energy to manufacturers.

“In this day, investing is not something people would think of doing easily like maybe five years ago,” says Eva Hardy, a former executive at Dominion Virginia Power and mentor to Farrell. “Today you think very hard where you're going to invest and the fact that he's been able to pull this off made it very clear to me he has become a first-class businessman.”

Farrell is proud to say his father, Tom Farrell, chief executive of Dominion Resources Inc., owns no part of Recast Energy, but he also gives full credit to his father for his respect and desire to give back. With family roots in Sussex County, keeping his sights on ways to help the area is proof.

Farrell has invested time and resources to purchase the operating assets of a Waverly particleboard plant to become part of Recast Energy. The plant closed down in 2007, hurting the tender rural economy, he says. And as a new board member of Tuckahoe YMCA, Farrell's been working to expand its services to Sussex residents.

Farrell also has raised money for two scholarships at his alma maters — one for a Collegiate School student and another for a University of Virginia student.
As the youngest member of the Henrico GOP Committee with a contagious charisma to bring people together, Farrell's political endeavors may be yet another front on which to watch this mover and shaker.

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

  • Re: Richmond's Craft Beer Industry is Overwhelmingly White. How Can That Be Changed?

    • Wow, just, wow. Race bait much? Zero respect for the author.

    • on March 26, 2017
  • Re: Richmond's Craft Beer Industry is Overwhelmingly White. How Can That Be Changed?

    • OMG I'm watching my VCU Rams tonight and oh my! There are no white players!!!…

    • on March 16, 2017
  • Re: Richmond's Craft Beer Industry is Overwhelmingly White. How Can That Be Changed?

    • "Maybe the real problem is that black people are not stupid enough to waste their…

    • on March 14, 2017
  • More »
  • Latest in Top 40 Under 40

    • Tabatha M. W. Spurlock, 30

      Coordinator, Henrico Country Public Schools
      Founder, Spark of Life
      • Oct 13, 2010
    • Nicole Pries, 38

      Trauma Response Program Manager
      ChildSavers
      • Oct 13, 2010
    • Richmond Folk Festival 2010

      Style Weekly photographers Scott Elmquist and Ash Daniel share some of their favorites from the photos they captured this year at the Richmond Folk festival.
      • Oct 13, 2010
    • More »

    Copyright © 2017 Style Weekly
    Richmond's alternative for news, arts, culture and opinion
    All rights reserved
    Powered by Foundation