Monday, July 22, 2024

‘Bioenergy DevCo secures £88m investment from Newlight Partners’

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Bioenergy DevCo, a global developer of anaerobic digestion facilities, has secured its first institutional investment of 6 million from Newlight Partners LP. This investment will be used to expand the company’s operational footprint in North America by developing anaerobic digestion facilities that convert organic waste into renewable natural gas and organic soil products.

The CEO of Bioenergy DevCo, Shawn Kreloff, expressed gratitude for the support from Newlight Partners and highlighted the company’s commitment to providing sustainable waste management solutions to municipalities and corporations. Anaerobic digestion technology offers a clean and renewable energy source while helping cities achieve zero-waste goals.

Mark Longstreth, Managing Director of Newlight Partners, praised Bioenergy DevCo’s track record and vision for sustainable waste management solutions. As cities and companies strive to reduce waste and carbon emissions, anaerobic digestion technology provides a cost-effective and environmentally friendly solution.

Organic waste traditionally ends up in landfills or incinerators, contributing to pollution and greenhouse gas emissions. Anaerobic digestion offers a more sustainable alternative by converting organic waste into renewable natural gas and soil amendments. This technology not only benefits the environment but also helps businesses reduce costs and meet sustainability goals.

By investing in anaerobic digestion technology, cities and companies can reduce their reliance on fossil fuels and mitigate the impact of climate change. The process also contributes to stormwater management and promotes soil health, making it a valuable solution for sustainable waste management.

Overall, Bioenergy DevCo’s partnership with Newlight Partners marks a significant step towards promoting sustainable waste management solutions in North America. With a focus on renewable energy and environmental stewardship, the company is committed to creating a cleaner and greener future for all.

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