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    1. Energy Efficiency

    Andion Global secures $270M financing for expanding Waste-to-Energy projects in NA & Europe

    Feb. 24, 2022
    The firm has completed over 50 anaerobic digestion facilities and more than 130 complex wastewater treatment plants in North America and Europe. The new funding will enable Andion to expand operations and acquire equity stakes in these facilities
    Norway plant image credit Andion Global
    Andion Waste To Energy Plant Norway 62177d5fcbdbf

    Waste-to-energy solutions firm Andion Global has secured an initial $20 million multi-partner financing deal from Spring Lane Capital, Equitix Infrastructure Investments and Business Development Bank of Canada.

    This is Tranche 1 Financing from the firms. A concurrent $250 million project development equity facility also will be made available for Andion’s project pipeline in North America and Europe.

    The firm has completed over 50 anaerobic digestion facilities and more than 130 complex wastewater treatment plants in North America and Europe. The new funding will enable Andion to expand operations and acquire equity stakes in these facilities.

    Andion’s technology makes organic waste handling and conversion to biogas efficient, sustainable and economically viable. Andion’s facilities can process hundreds of thousands of tons of organic waste, reducing greenhouse gases from transportation, landfills and burning of waste. This process creates renewable energy (biogas), a sustainable source of fuel for communities around the world.

    Equitix CEO Hugh Crossley said, “This investment is fully in line with Equitix’s core strategy of making long-term investments into infrastructure with positive environmental characteristics. Our goal is to support Andion’s continuing development and focus on strengthening the company’s position as a responsible supplier of renewable energy to the market.”

    Desjardins Capital Markets was the financial advisor to Andion.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.