HASI Invests in Bioenergy Devco's Growth of Anaerobic Digestion Facilities
Bioenergy Devco has received a $30 million investment from HASI to expand its anaerobic digestion facilities across the U.S. This funding will enhance organic waste recycling and reduce greenhouse gas emissions. The Maryland Bioenergy Center in Jessup will serve as the financing's backbone, promoting sustainable energy resources. Bioenergy Devco is a leader in the construction and operation of anaerobic digestion systems and has developed over 250 facilities globally, highlighting its commitment to a circular economy and climate change mitigation. HASI's investment emphasizes its role in the energy transition.
- HASI's $30 million investment supports Bioenergy Devco's expansion of anaerobic digestion facilities.
- The investment will enhance recycling of organic waste and reduce greenhouse gas emissions.
- Bioenergy Devco operates over 250 anaerobic digestion facilities globally, showcasing its market leadership.
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Bioenergy Devco is building anaerobic digestion facilities that recycle organic waste and reduce greenhouse gas emissions across the US.
"We are proud to have HASI join us in our efforts to create a clean energy future for everyone," said
At Bioenergy Devco facilities, food waste is recycled through anaerobic digestion, a naturally occurring process in which organic materials are broken down by microorganisms in the absence of oxygen. The outputs are clean-burning renewable natural gas and an organic, nutrient-rich soil amendment. The fully enclosed system captures and collects the biogas released during the process creating a sustainable source of renewable natural gas that is injected directly into pipelines or can be converted to green hydrogen.
"We are excited to partner with Bioenergy Devco and provide the capital to accelerate delivery of their market-leading technology solutions for the energy transition," said HASI Managing Director
HASI joins Bioenergy Devco's existing investor base which includes
About Bioenergy Devco
Bioenergy Devco is a global leader in the design, engineering, construction, financing, and operation of advanced anaerobic digester systems. Our proven technology uses naturally occurring biological processes and provides a scalable option to help communities and businesses transform their waste and energy sectors. Headquartered in
About HASI
HASI (NYSE: HASI) is a leading climate positive investment firm. We partner with clients to deploy real assets that facilitate the energy transition. With more than
Bioenergy Devco Media Contact
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SOURCE Bioenergy Devco
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