Anaergia to provide services for the Monterey One Water Regional Treatment Plant
CARLSBAD, Calif. & BURLINGTON, Ontario–(BUSINESS WIRE)–Anaergia Inc. (“Anaergia”, the “Company”, “us”, or “our”) (TSX: ANRG), through its subsidiary, Anaergia Technologies, LLC (“Anaergia Technologies”), has expanded the scope of its activities with existing client Monterey One Water (“M1W”), in California, to operate an organic waste co-digestion facility at M1W’s Regional Treatment Plant (“RTP”). Anaergia Technologies will manage the procurement of organic waste and operation of a new food waste receiving station to expand biogas production under the current digester retrofit project. The project will support organic waste diversion compliance under the California landfill diversion law, SB 1383, and is supported in part by a grant from CalRecycle.
The anaerobic digestor project will enhance generation of renewable energy from wastewater and organic wastes while supporting local communities recycle their organic waste. It will recoup value from these waste streams by utilizing a series of Anaergia’s technologically advanced solutions being delivered under a contract announced in June 2023. The upgraded facility is expected to receive as much as 50,000 tons per year of organic waste. Moving forward, M1W plans to optimize the increase in biogas production by generating up to 100,000 million BTUs per year of renewable natural gas (“RNG”).
This is Anaergia’s ninth operations and maintenance (“O&M”) contract in the United States, and Anaergia is now the largest operator of digestion and co-digestion infrastructure in California. These expanded services activities, which are expected to generate more than C$3 million in revenues, are in line with Anaergia’s capital light strategy to ensure long-term revenues and leverage unique capabilities as a key partner to wastewater utilities.
“M1W is pursuing sustainable, long-term solutions by utilizing advanced technologies to convert waste streams into sources of renewable energy,” said Paul Sciuto, Executive Officer of M1W. “We are pleased to continue this partnership with Anaergia and maximize the benefit to our community through solutions that are both innovative and reliable,” added Mr. Sciuto.
“This long-term agreement with M1W leverages Anaergia’s expertise in organic waste and wastewater co-digestion with renewable energy generation and extends the services Anaergia is providing to this biogas plant owner,” said Assaf Onn, CEO of Anaergia. “We are very pleased to be helping M1W achieve its exemplary sustainability objectives as we pursue our mission to accelerate the world’s clean energy transition by transforming waste into valued resources,” added Mr. Onn.
About Monterey One Water
M1W is a public utility providing wastewater and water recycling services in northern Monterey County, California. The Agency is driven by its mission to turn the area’s wastewaters into safe, resilient water solutions for the community and the environment. Every day, M1W is responsible for cleaning approximately 17 million gallons of used water before safely reintroducing it into the environment. This is achieved through safe mixing with ocean water and water recycling efforts that support food crop irrigation and the drinking water supply.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases (“GHGs”) by cost effectively turning organic waste into RNG, fertilizer and water through the use of proprietary technologies. With a track record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s most pressing resource recovery challenges using a broad portfolio of proven technologies and multiple project delivery methods. Anaergia is one of the world’s only companies with a proprietary portfolio of end-to-end solutions that integrate solid waste processing as well as wastewater treatment with organics recovery, high efficiency anaerobic digestion, RNG production and recovery of fertilizer and water from organic residuals. The combination of these technologies enhances carbon-negative biogas, clean water and natural fertilizer production, utilizes a minimized footprint and lowers waste and wastewater treatment costs and GHG emissions.
For further information please see: www.anaergia.com
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia’s current expectations regarding future events, including but not limited to, the value and duration of the O&M services for M1W’s RTP based on current capacity, and the development, funding, goals and benefits of M1W’s RTP. Forward-looking information is based on a number of assumptions, including, but not limited to counterparty contractual performance, the full development and funding of M1W’s RTP, the capability of the Company’s technology and performance with respect to the project objectives, and the sufficient sourcing of food waste and power generation. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Company’s annual information form for the fiscal year ended December 31, 2023, and under “Risks and Uncertainties” in the Company’s most recent management’s discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia’s operations or financial results are included in Anaergia’s reports on file with Canadian regulatory authorities.
Contacts
For media and/or investor relations please contact: IR@Anaergia.com
