This study investigates the potential for using biomass for the production of electricity in Georgia. The volume, important characteristics, and delivered costs per unit of energy are estimated for various locally produced biomass. Production of synthetic fuels using both pyrolysis and gasification technologies is investigated as potential means for converting biomass into electricity. Capital and operating costs for each of these two technologies are projected across three different scales of production. Estimated costs per unit of electricity generated are determined. It appears, under the conditions modeled, these technologies are not cost competitive with currently used technologies. Significant subsidies would be needed to induce the adoption of these technologies under current economic conditions.