Bioenergy Devco is building anaerobic
digestion facilities that recycle organic waste and reduce
greenhouse gas emissions across the US.
ANNAPOLIS, Md., March 20,
2023 /PRNewswire/ -- Bioenergy
Devco, the North American division of BTS
Bioenergy, LLC, today announced a $30
million investment by Annapolis-based HASI, (NYSE: HASI), a
leading investor in climate solutions. Bioenergy Devco
is the global leader in the design, engineering,
construction, financing, and operation of anaerobic digestion
facilities to recycle organic material and produce renewable
natural gas. The financing, secured by Bioenergy Devco's
Maryland Bioenergy Center – Jessup
facility, which operates in Jessup,
Maryland, will support the development of anaerobic
digestion facilities across the U.S. to bring sustainable organic
waste recycling, reductions in greenhouse gas emissions, and a
sustainable energy resource to more communities in North America.
![Bioenergy Devco (PRNewsfoto/Bioenergy Devco) Bioenergy Devco (PRNewsfoto/Bioenergy Devco)](https://mma.prnewswire.com/media/1996951/Bioenergy_Devco_Logo.jpg)
"We are proud to have HASI join us in our efforts to create a
clean energy future for everyone," said Shawn Kreloff, Founder and Chief Executive
Officer of Bioenergy Devco. "Organics recycling is an
environmentally responsible way to convert food waste, a leading
cause of greenhouse gas emissions, into clean renewable energy.
HASI's investment not only affirms the success of our facility in
Maryland, but it also acknowledges
our company's substantial growth across the country. We have built
more than 250 anaerobic digestion facilities around the world and
are excited to bring this safe, proven technology to more
communities in North America,
providing greater movement towards a truly circular economy."
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
Annmarie Reynolds. "Organics
recycling facilities provide a much-needed source of reliable,
storable renewable fuel while mitigating potent greenhouse
gases."
HASI joins Bioenergy Devco's existing investor base which
includes Newlight Partners LP, a growth equity investment firm,
Sagewind Capital LLC, a New
York-based middle-market private equity firm, and Irradiant
Partners, LP, a credit-focused investment manager.
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 Annapolis,
MD, Bioenergy Devco has built more than 250 and currently
manages more than 150 organics recycling and clean energy
generation facilities worldwide, and its anaerobic digesters help
mitigate climate change by reducing greenhouse gas emissions and
dependence on fossil fuel.
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
$9 billion in managed assets, our
vision is that every investment improves our climate future. For
more information, please visit www.hasi.com.
Bioenergy Devco Media Contact
Jessica Wheeler
Warner Communications
bts@warnerpr.com
702-539-1596
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SOURCE Bioenergy Devco