Key Takeaways:
Anaergia Inc. will build the core technology for a new C$58 million renewable natural gas facility in Nebraska, converting manure from one of the state's largest cattle feedlots into pipeline-quality gas and securing a key revenue stream.
"This contract represents an important step in converting Anaergia’s technology leadership into visible, contracted revenue streams with high-quality counterparties,” Assaf Onn, Chief Executive Officer of Anaergia, said in a statement.
Under the agreement, Anaergia will provide its proprietary anaerobic digestion technology to Neogenyx Fuels, a recently formed joint venture between clean-tech integrator Ameresco, Inc. (NYSE: AMRC) and sustainable infrastructure investor HA Sustainable Infrastructure Capital, Inc. (NYSE: HASI). The system is designed to process manure to produce over 4,400 standard cubic feet per minute of biogas, which will be upgraded into approximately 1.2 million MMBtu of RNG annually.
For Anaergia (TSX: ANRG), the deal provides a visible C$58 million revenue boost over the next two years and validates its technology in the large-scale agricultural waste-to-energy market. The project taps into a growing demand for RNG, a sector supported by energy transition policies and regulatory incentives for low-carbon fuels, positioning the company to capture more of the increasing capital allocated to renewable fuel infrastructure.
The project, which has already commenced construction, is located at the Adams Land & Cattle feedlot in Broken Bow, Nebraska. It marks the first agricultural project for Neogenyx Fuels and a significant deployment of Anaergia's technology in the U.S. agricultural sector, one of the most underpenetrated segments of the RNG market.
By capturing methane from manure that would otherwise be released into the atmosphere, the facility is expected to avoid approximately 63,700 metric tons of carbon dioxide equivalent annually. The digestate, a nutrient-rich byproduct of the process, will be reused onsite as agricultural fertilizer and livestock bedding, creating a circular economy model.
The partnership structure combines Ameresco’s extensive experience in developing and operating energy projects with HASI’s specialization in financing sustainable infrastructure. This creates a well-capitalized platform designed to scale RNG production across North America, providing a strong foundation for this and future projects. Anaergia noted it continues to pursue additional opportunities with financial sponsors and strategic partners in North America and Europe.
This article is for informational purposes only and does not constitute investment advice.
