Bioenergy Devco, the North American division of BTS Bioenergy has announced a $30 million (€27.8m) investment by Annapolis-based HASI, a leading investor in climate solutions.
Bioenergy Devco is a leading player in the design, engineering, construction, financing, and operation of anaerobic digestion (AD) facilities to recycle organic material and produce renewable natural gas (RNG). The financing, secured by Bioenergy Devco's Maryland Bioenergy Center - Jessup facility, which operates in Jessup, Maryland, will support the development of AD facilities across the US to bring sustainable organic waste recycling, reductions in greenhouse gas emissions and a sustainable energy resource to more communities in North America.
"We are proud to have HASI join us in our efforts to create a clean energy future for everyone," said Shawn Kreloff, founder and CEO 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."
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