Bioenergy Devco Closes $100 Million in New Capital from Irradiant Partners to Accelerate Anaerobic Digestion Projects that Recycle Organic Waste and Reduce Greenhouse Gas Emissions
Summary
This new capital will support the development of multiple anaerobic digestion facilities to drive sustainable organic waste recycling and reduce greenhouse gas emissions in North America. "We are thrilled that Irradiant has joined us in our mission to make our planet healthier through the natural power of anaerobic digestion," said Shawn Kreloff, Founder and Chief Executive Officer of Bioenergy Devco. "Anaerobic digestion, as evidenced by our success throughout Europe, is the most environmentally responsible way to recycle food waste into renewable energy while reducing emissions and achieving decarbonization and climate goals in North America. "Knowing BDCs global footprint and history, we saw an incredible opportunity to work with a company taking a revolutionary approach to holistic sustainability along with the management of waste, renewable energy production and supporting healthy soils." Unlike previous organics management processes, anaerobic digestion is a carbon-negative technology that does not emit pollutants, turning waste into a valuable source of power for homes, businesses, communities, and fleets.