Bioenergy Devco, the North American division of BTS Bioenergy LLC, announced a US$30 million investment by Annapolis, Maryland-based HASI (formerly known as Hannon Armstrong Sustainable Infrastructure Capital). HASI is an investor in climate solutions. Bioenergy Devco designs, engineers, constructs, finances, and operates anaerobic digestion facilities to recycle organic material and produce renewable natural gas (RNG). The financing was secured by Bioenergy Devco’s Maryland Bioenergy Center. The Jessup, Maryland, facility will support the development of anaerobic digestion facilities across the United States to bring sustainable organic waste recycling, reductions in greenhouse gas emissions, and a sustainable energy resources 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 chief executive officer 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 toward a truly circular economy.”
At Bioenergy Devco facilities, food waste is recycled through anaerobic digestion, a naturally occurring process in which organic materials are broken down by microorganisms in the absence of oxygen. The outputs are clean-burning RNG and an organic, nutrient-rich soil amendment. The fully enclosed system captures and collects the biogas released during the process creating a sustainable source of RNG that is injected directly into pipelines or converted to green hydrogen.
“We are excited to partner with Bioenergy Devco and provide the capital to accelerate delivery of their technology solutions for the energy transition,” said HASI Managing Director Annmarie Reynolds. “Organics recycling facilities provide a much-needed source of reliable, storable renewable fuel while mitigating potent greenhouse gases.”