Anaergia secures C$58M contract with Neogenyx Fuels for RNG technology

Anaergia Inc. (TSX: ANRG) (OTCQX: ANRGF) has entered into a C$58 million contract with Neogenyx Fuels to deploy its anaerobic digestion technology at a large-scale agricultural facility in the United States, according to a company statement.

Neogenyx Fuels is a joint venture between Ameresco Inc. (NYSE: AMRC) and HA Sustainable Infrastructure Capital Inc. (NYSE: HASI), focused on developing renewable energy infrastructure.

Under the agreement, Anaergia will provide turnkey manure handling, processing and digestion systems designed to produce over 4,400 standard cubic feet per minute of biogas, which Neogenyx Fuels will convert into pipeline-quality renewable natural gas. The company expects to recognize approximately C$58 million of revenue over the next two years.

"This contract represents an important step in converting Anaergia's technology leadership into visible, contracted revenue streams with high-quality counterparties," said Assaf Onn, Chief Executive Officer of Anaergia.

The agreement enhances Anaergia's multi-year revenue visibility in the renewable natural gas sector. The company sees potential for additional deployments as Neogenyx Fuels expands its infrastructure portfolio.

Anaergia, based in Carlsbad, California, and Burlington, Ontario, develops technology for converting organic waste into renewable natural gas, fertilizer, and water through its subsidiary Anaergia Technologies.

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