CARLSBAD, Calif. & BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announced today that its subsidiary, Anaergia Technologies, LLC (“Anaergia Technologies”), has entered into a technology supply contract with the City of Riverside, California, to upgrade anaerobic digestion wastewater infrastructure at the Riverside Water Quality Control Plant (RWQCP) with Anaergia technology that will produce RNG from organic waste and sewage sludge.
The technology supply contract, valued at approximately C$13 million over its term, is intended to support the development of an RNG facility by another Anaergia subsidiary under an existing long-term lease with the City. Funding by the City is expected to be supported, in part, by grants from the California Department of Resources Recycling and Recovery (Calrecycle) and federal incentives under the Inflation Reduction Act.
The RWQCP serves a population of over 300,000 people with a 46 million gallon per day state-of-the-art treatment capacity. The project aligns with the City of Riverside’s strategic plan to enhance existing infrastructure, environmental stewardship, high performing government, and support California State-wide organic waste recycling requirements.
The upgraded anaerobic digestion technologies and new waste receiving equipment will assist the region’s solid waste industry by enabling diversion of food waste from regional landfills to advance compliance with California’s SB1383 legislation. The new law is designed to reduce planet-warming methane emissions, which are created when food and other organic wastes are landfilled.
“This project leverages Anaergia’s proven technology, enhances infrastructure, and will bring economic benefits to the municipality,” said Assaf Onn, CEO of Anaergia. “The City of Riverside is the latest of a series of California municipalities to work with Anaergia to create renewable fuel and energy from organic waste, benefiting the environment and the communities served,” added Mr. Onn.
“This project enables the City of Riverside support our community to meet California’s SB 1383 regulations for organic waste recycling while also improving our digestion infrastructure and reducing costs,” said Ed Filadelfia, the Deputy Director of Public Works for the City of Riverside. “The project, supported by the State of California, will serve to reduce our municipality’s carbon footprint, improve resiliency, and reduce costs, which ultimately benefits our community,” added Mr. Filadelfia.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases (“GHGs”) by cost effectively turning organic waste into renewable natural gas (“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 of the technology supply contract and the development, funding, goals and benefits of the project. Forward-looking information is based on a number of assumptions, including, but not limited to counterparty contractual performance, the full development and funding of the project, the capability of the Company’s technology with respect to the project objectives, the enforcement of organic waste recycling laws such as SB1383, and the actual diversion of food waste from regional landfills. 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.
