Latest news with #AnaergiaInc
Yahoo
13-05-2025
- Business
- Yahoo
Anaergia Reports First Quarter 2025 Financial Results
Company Reports Record Backlog of $200 million BURLINGTON, Ontario, May 13, 2025--(BUSINESS WIRE)--Anaergia Inc. ("Anaergia", the "Company", "us" or "our") (TSX: ANRG) (OTCQX: ANRGF), a company that offers integrated waste-to-value solutions to reduce greenhouse gases by cost-effectively turning organic waste into renewable natural gas, fertilizer, and water, announced its financial results for the three-month period ended March 31, 2025. All financial results are reported in Canadian dollars unless otherwise stated. "We are pleased to announce that Anaergia has achieved record Revenue Backlog* during the first quarter of 2025. As of March 31, 2025, our Revenue Backlog has surged by 94.1%, to $200.0 million, compared to $103.1 million at the end of December 2024. The increase in backlog was in the capital sales segment primarily in Italy and North America," said Assaf Onn, CEO of Anaergia. "Additionally, we continue to pursue a robust pipeline of other opportunities, some of which we have already been awarded and disclosed since the beginning of the second quarter. We continue to execute our vision of Anaergia 2.0. and since Marny Investment SA's investment in the Company in July 2024, we have taken decisive actions to enhance our financial foundation, refine our strategic direction, and restore investor confidence, leading to significant progress for Anaergia," added Mr. Onn. First Quarter 2025 Financial Results Financial highlights: Revenue of $24.9 million for the first quarter of 2025 decreased 0.4%, or $93 thousand, compared to the first quarter of the prior year. The decrease was driven mainly due to lower sales in Italy and Asia Pacific, partially offset by increased sales in North America. Gross profit of $5.4 million for the first quarter of 2025 decreased 16.6%, or $1.1 million, compared to the first quarter of the prior year. The quarter's decrease was mainly driven by reduced gross profit of build, own, operate ("BOO") activities, partially offset by increased gross profit in capital sales. Adjusted EBITDA1 loss of $3.9 million for the first quarter of 2025 improved by 34.5%, or $2.1 million, from a loss of $6.0 million in the first quarter of the prior year. The improvement in Adjusted EBITDA was primarily driven by decreases in net loss as well as addbacks of Rhode Island Bioenergy Facility ("RIBF") income tax credit transaction costs in the first quarter of fiscal year 2024 that did not recur in the current period. Three months ended: 31-Mar-25 31-Mar-24 % Change (In thousands of Canadian dollars) Revenue 24,876 24,969 (0.4) Gross profit 5,403 6,480 (16.6) Gross profit % 21.7% 26.0% (4.3) percentage points Loss from operations (5,670) (10,210) 44.5 Net loss (5,897) (11,481) 48.6 Adjusted EBITDA1 (3,940) (6,019) 34.5 Statement of Financial Position 31-Mar-25 31-Dec-24 (In thousands of Canadian dollars) Total Assets 223,030 233,327 Total Liabilities 173,773 180,122 Equity 49,257 53,205 For a more detailed discussion of Anaergia's results for the three-month period ended March 31, 2025, please see the Company's financial statements and management's discussion & analysis, which are available at and on the Company's SEDAR+ page at Non-International Financial Reporting Standards (IFRS™) Accounting Standards as issued by the International Accounting Standards Board (IASB) This press release makes reference to certain non-IFRS™ measures. These measures are not recognized measures under IFRS™ and do not have a standardized meaning prescribed by IFRS™ and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS™ measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS™. We use non-IFRS™ measures, including "Adjusted EBITDA", "EBITDA" and "Revenue Backlog" to provide investors with supplemental measures. Management also uses non-IFRS™ measures internally in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our future debt service, capital expenditure and working capital requirements. Management believes these non-IFRS™ measures are important supplemental measures of operating performance because they eliminate items that have less bearing on operating performance and highlight trends in the core business that may not otherwise be apparent when relying solely on IFRS™ measures. Management believes such measures are useful as they allow for assessment of our operating performance and financial condition on a basis that is more consistent and comparable between reporting periods. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS™ measures in the evaluation of issuers. Definitions of non-IFRS™ measures used in this press release are provided below. "Adjusted EBITDA" is defined as EBITDA adjusted for our normalized proportionate interest in our BOO assets, one-time or non-recurring items, stock-based compensation expense, asset impairment charges and write downs, losses related to equity-accounted investees, significant one-time provisions, foreign exchange gains or losses, restructuring and severance costs, Enterprise Resource Planning customization and configuration costs, litigation and other claims settlements, gains and losses resulting from changes in certain balance sheet valuations (such as derivatives and warrants) and acquisition costs. "EBITDA" is defined as earnings before interest expenses, taxes and depreciation and amortization. The most comparable IFRS™ measure for EBITDA is net income (loss). "Revenue Backlog" is defined as the balance of unrecognized, undiscounted, consolidated revenues from signed contracts in our capital sales and operation and maintenance service ("O&M")/services segments. For our capital sales contracts, we have modeled only projects that have been contracted. For our O&M/services segment, while most of our in-hand contracts are 5-15 years in tenure, we have conservatively modeled for only 3 years of contracted revenue. See "Reconciliation of Non-IFRS™ Measures" below for a reconciliation of the foregoing non-IFRS™ measures to their most directly comparable measures calculated in accordance with IFRS™. Conference Call and Webcast Details A conference call to review the Company's financial results will take place at 9:00 a.m. (ET) on Wednesday May 14, 2025. It will be hosted by management of Anaergia. An accompanying slide presentation will be posted to the Investor Relations section of the Company's website shortly before the call. To participate in the call, please sign up using the following pre-registration link to receive details on how to access the conference call: Conference call pre-registration: You will receive your access details via email. To listen to the webcast live: The webcast will be archived and available in the Investor Relations section of our website following the call. About Anaergia Anaergia is a pioneering technology company in the renewable natural gas ("RNG") sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases ("GHGs") through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. For further information please see: Forward-Looking Statements This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may relate to future plans, expectations and intentions, results, levels of activity, performance, goals or achievements, other future events or developments and may include, without limitation, information regarding our financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, plans and objectives. Particularly, information regarding our future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "may", "will", "would", "should", "could", "expects", "plans", "intends", "estimate", "believes", "likely", "potential", "continue", or "future" or the negative or other variations of these words or other comparable words or phrases. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements in this press release include, among other things, statements relating to financial condition and results of operations; Company's strategic growth plan; and statements regarding the Company's Revenue Backlog and potential future sales. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that we considered appropriate and reasonable as of the date such statements were made. It is also subject to known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk factors described in the Company's annual information form and management's discussion and analysis for the year ended December 31, 2024. Certain assumptions in respect of our ability to execute on our expansion plans; our ability to obtain or maintain existing financing on acceptable terms; and our ability of realizing the anticipated benefits of such are material factors underlying forward looking information and management's expectations. The purpose of the forward-looking statements in this press release is to provide the reader with a description of management's current expectations regarding the Company's financial performance and may not be appropriate for other purposes. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only to opinions, estimates and assumptions as of the date made. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date of this press release, and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Reconciliation of Non-IFRS™ Measures Three months ended: 31-Mar-25 31-Mar-24 (In thousands of Canadian dollars) Net loss (5,897) (11,481) Finance costs, net 1,016 1,035 Depreciation and amortization 1,480 1,186 Income tax benefit (1,886) (17) EBITDA (5,287) (9,277) Share-based compensation expense 250 589 Losses related to equity-accounted investees - 478 Other losses 809 320 RIBF income tax credit transaction cost - 2,416 Foreign exchange (gain) loss 288 (545) Adjusted EBITDA (3,940) (6,019) * Using a new conservative definition of Revenue Backlog, first introduced with fiscal 2024 year end results. As defined under "Non-International Financial Reporting Standards ("IFRS"™) Accounting Standards as issued by the International Accounting Standards Board ("IASB")".1 "Adjusted EBITDA" is a non-IFRS™ measure. 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Business Wire
13-05-2025
- Business
- Business Wire
Anaergia Reports First Quarter 2025 Financial Results
BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. ('Anaergia', the 'Company', 'us' or 'our') (TSX: ANRG) (OTCQX: ANRGF), a company that offers integrated waste-to-value solutions to reduce greenhouse gases by cost-effectively turning organic waste into renewable natural gas, fertilizer, and water, announced its financial results for the three-month period ended March 31, 2025. All financial results are reported in Canadian dollars unless otherwise stated. We are pleased to announce that Anaergia has achieved record Revenue Backlog during the first quarter of 2025. As of March 31, 2025, our Revenue Backlog has surged by 94.1%, to $200.0 million, compared to $103.1 million at the end of December 2024. Share 'We are pleased to announce that Anaergia has achieved record Revenue Backlog* during the first quarter of 2025. As of March 31, 2025, our Revenue Backlog has surged by 94.1%, to $200.0 million, compared to $103.1 million at the end of December 2024. The increase in backlog was in the capital sales segment primarily in Italy and North America,' said Assaf Onn, CEO of Anaergia. 'Additionally, we continue to pursue a robust pipeline of other opportunities, some of which we have already been awarded and disclosed since the beginning of the second quarter. We continue to execute our vision of Anaergia 2.0. and since Marny Investment SA's investment in the Company in July 2024, we have taken decisive actions to enhance our financial foundation, refine our strategic direction, and restore investor confidence, leading to significant progress for Anaergia,' added Mr. Onn. First Quarter 2025 Financial Results Financial highlights: Revenue of $24.9 million for the first quarter of 2025 decreased 0.4%, or $93 thousand, compared to the first quarter of the prior year. The decrease was driven mainly due to lower sales in Italy and Asia Pacific, partially offset by increased sales in North America. Gross profit of $5.4 million for the first quarter of 2025 decreased 16.6%, or $1.1 million, compared to the first quarter of the prior year. The quarter's decrease was mainly driven by reduced gross profit of build, own, operate ('BOO') activities, partially offset by increased gross profit in capital sales. Adjusted EBITDA 1 loss of $3.9 million for the first quarter of 2025 improved by 34.5%, or $2.1 million, from a loss of $6.0 million in the first quarter of the prior year. The improvement in Adjusted EBITDA was primarily driven by decreases in net loss as well as addbacks of Rhode Island Bioenergy Facility ('RIBF') income tax credit transaction costs in the first quarter of fiscal year 2024 that did not recur in the current period. Statement of Financial Position 31-Mar-25 31-Dec-24 (In thousands of Canadian dollars) Total Assets 223,030 233,327 Total Liabilities 173,773 180,122 Equity 49,257 53,205 Expand For a more detailed discussion of Anaergia's results for the three-month period ended March 31, 2025, please see the Company's financial statements and management's discussion & analysis, which are available at and on the Company's SEDAR+ page at Non-International Financial Reporting Standards (IFRS™) Accounting Standards as issued by the International Accounting Standards Board (IASB) This press release makes reference to certain non-IFRS™ measures. These measures are not recognized measures under IFRS™ and do not have a standardized meaning prescribed by IFRS™ and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS™ measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS™. We use non-IFRS™ measures, including 'Adjusted EBITDA', 'EBITDA' and 'Revenue Backlog' to provide investors with supplemental measures. Management also uses non-IFRS™ measures internally in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our future debt service, capital expenditure and working capital requirements. Management believes these non-IFRS™ measures are important supplemental measures of operating performance because they eliminate items that have less bearing on operating performance and highlight trends in the core business that may not otherwise be apparent when relying solely on IFRS™ measures. Management believes such measures are useful as they allow for assessment of our operating performance and financial condition on a basis that is more consistent and comparable between reporting periods. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS™ measures in the evaluation of issuers. Definitions of non-IFRS™ measures used in this press release are provided below. ' Adjusted EBITDA ' is defined as EBITDA adjusted for our normalized proportionate interest in our BOO assets, one-time or non-recurring items, stock-based compensation expense, asset impairment charges and write downs, losses related to equity-accounted investees, significant one-time provisions, foreign exchange gains or losses, restructuring and severance costs, Enterprise Resource Planning customization and configuration costs, litigation and other claims settlements, gains and losses resulting from changes in certain balance sheet valuations (such as derivatives and warrants) and acquisition costs. ' EBITDA ' is defined as earnings before interest expenses, taxes and depreciation and amortization. The most comparable IFRS™ measure for EBITDA is net income (loss). ' Revenue Backlog ' is defined as the balance of unrecognized, undiscounted, consolidated revenues from signed contracts in our capital sales and operation and maintenance service ('O&M')/services segments. For our capital sales contracts, we have modeled only projects that have been contracted. For our O&M/services segment, while most of our in-hand contracts are 5-15 years in tenure, we have conservatively modeled for only 3 years of contracted revenue. See 'Reconciliation of Non-IFRS™ Measures' below for a reconciliation of the foregoing non-IFRS™ measures to their most directly comparable measures calculated in accordance with IFRS™. Conference Call and Webcast Details A conference call to review the Company's financial results will take place at 9:00 a.m. (ET) on Wednesday May 14, 2025. It will be hosted by management of Anaergia. An accompanying slide presentation will be posted to the Investor Relations section of the Company's website shortly before the call. To participate in the call, please sign up using the following pre-registration link to receive details on how to access the conference call: The webcast will be archived and available in the Investor Relations section of our website following the call. About Anaergia Anaergia is a pioneering technology company in the renewable natural gas ('RNG') sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases ('GHGs') through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. For further information please see: Forward-Looking Statements This press release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information may relate to future plans, expectations and intentions, results, levels of activity, performance, goals or achievements, other future events or developments and may include, without limitation, information regarding our financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, plans and objectives. Particularly, information regarding our future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as 'may', 'will', 'would', 'should', 'could', 'expects', 'plans', 'intends', 'estimate', 'believes', 'likely', 'potential', 'continue', or 'future' or the negative or other variations of these words or other comparable words or phrases. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements in this press release include, among other things, statements relating to financial condition and results of operations; Company's strategic growth plan; and statements regarding the Company's Revenue Backlog and potential future sales. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that we considered appropriate and reasonable as of the date such statements were made. It is also subject to known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk factors described in the Company's annual information form and management's discussion and analysis for the year ended December 31, 2024. Certain assumptions in respect of our ability to execute on our expansion plans; our ability to obtain or maintain existing financing on acceptable terms; and our ability of realizing the anticipated benefits of such are material factors underlying forward looking information and management's expectations. The purpose of the forward-looking statements in this press release is to provide the reader with a description of management's current expectations regarding the Company's financial performance and may not be appropriate for other purposes. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only to opinions, estimates and assumptions as of the date made. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date of this press release, and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. * Using a new conservative definition of Revenue Backlog, first introduced with fiscal 2024 year end results. As defined under 'Non-International Financial Reporting Standards ('IFRS'™) Accounting Standards as issued by the International Accounting Standards Board ('IASB')'. 1 'Adjusted EBITDA' is a non-IFRS™ measure.
Yahoo
13-05-2025
- Business
- Yahoo
Anaergia Insiders Added CA$1.80m Of Stock To Their Holdings
Over the last year, a good number of insiders have significantly increased their holdings in Anaergia Inc. (TSE:ANRG). This is encouraging because it indicates that insiders are more optimistic about the company's prospects. Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares. Our free stock report includes 4 warning signs investors should be aware of before investing in Anaergia. Read for free now. The Independent Director Ronen Kantor made the biggest insider purchase in the last 12 months. That single transaction was for CA$980k worth of shares at a price of CA$0.40 each. Even though the purchase was made at a significantly lower price than the recent price (CA$1.14), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive. Anaergia insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! Check out our latest analysis for Anaergia Anaergia is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Anaergia insiders own 26% of the company, worth about CA$51m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Anaergia insiders are doubting the company, and they do own shares. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Anaergia has 4 warning signs (2 are potentially serious!) that deserve your attention before going any further with your analysis. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Ottawa Citizen
28-04-2025
- Business
- Ottawa Citizen
Anaergia and East County, California, Advanced Water Purification Joint Powers Authority Expand Project Scope
Article content Anaergia to provide increased services and procurement of equipment for current project Article content Article content CARLSBAD, Calif. & BURLINGTON, Ontario — Anaergia Inc. ('Anaergia,' 'the Company,' 'us,' or 'our') (TSX: ANRG) (OTCQX: ANRGF) is pleased to announce that its subsidiary, Anaergia Technologies LLC, has secured a change order to provide more engineering services and supply of equipment as part of an ongoing project with the East County Advanced Water Purification ('AWP') Joint Powers Authority ('JPA') located in East San Diego County. Article content Article content This builds on the contract that was disclosed on July 18, 2023. The water supply project is now under construction in Santee, California, and this facility is expected to commence operations before the end of 2026. This change order is expected to increase Anaergia's revenues from the project by C$8.6 million. Article content The scope of work includes the procurement of long-lead time components including a gas treatment system, combined heat and power systems ('CHP'), and the required electrical equipment. The gas treatment system will cleanse the biogas generated by the anaerobic digesters, which will then be utilized to power the CHPs. This power will be used by the JPA to operate the water purification plant. These key equipment procurements are crucial for the planned design-build project. Article content 'This development is an important step as we pursue our goal of providing a new source of high-quality water, while reducing operating costs by generating energy on-site which ultimately benefits the JPA's ratepayers,' said Mark Niemiec, Director of the East County AWP JPA. 'This early work package will help us accomplish this mission in the most cost-effective manner possible.' Article content 'This change order with the JPA leverages Anaergia's suite of integrated solutions,' said Assaf Onn, CEO of Anaergia. 'It exemplifies how we work with customers to pursue our mission of accelerating the world's clean energy transition by transforming waste into valued resources.' Article content The East County Advanced Water Purification Program is a collaborative effort between Padre Dam Municipal Water District, the City of El Cajon, the County of San Diego and Helix Water District. It will create a new, local, sustainable and drought proof drinking water supply using state-of-the-art technology to purify East San Diego County's recycled water. This water recycling opportunity will diversify East San Diego County's water supply, reduce our dependence on imported water and produce up to 30 percent of East County's current drinking water needs. Article content Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases (GHGs) through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. Article content Article content This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia's current expectations regarding future events including, but not limited to, the value of the contract and the change order and the development, funding, goals and benefits of the project. Forward-looking information is based on a number of assumptions, including, but not limited to, counterparty contractual performance, the full development and funding of the project, the capability of the Company's technology and performance with respect to the project objectives, the enforcement of organic waste recycling laws such as SB1383, and the actual diversion of food waste from regional landfills. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's annual information form for the fiscal year ended December 31, 2024, and under 'Risks and Uncertainties' in the Company's most recent management's discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia's operations or financial results are included in Anaergia's reports on file with Canadian regulatory authorities. Article content Article content Article content Article content Article content
National Post
28-04-2025
- Business
- National Post
Anaergia and East County, California, Advanced Water Purification Joint Powers Authority Expand Project Scope
Article content CARLSBAD, Calif. & BURLINGTON, Ontario — Anaergia Inc. ('Anaergia,' 'the Company,' 'us,' or 'our') (TSX: ANRG) (OTCQX: ANRGF) is pleased to announce that its subsidiary, Anaergia Technologies LLC, has secured a change order to provide more engineering services and supply of equipment as part of an ongoing project with the East County Advanced Water Purification ('AWP') Joint Powers Authority ('JPA') located in East San Diego County. Article content This builds on the contract that was disclosed on July 18, 2023. The water supply project is now under construction in Santee, California, and this facility is expected to commence operations before the end of 2026. This change order is expected to increase Anaergia's revenues from the project by C$8.6 million. Article content The scope of work includes the procurement of long-lead time components including a gas treatment system, combined heat and power systems ('CHP'), and the required electrical equipment. The gas treatment system will cleanse the biogas generated by the anaerobic digesters, which will then be utilized to power the CHPs. This power will be used by the JPA to operate the water purification plant. These key equipment procurements are crucial for the planned design-build project. Article content 'This development is an important step as we pursue our goal of providing a new source of high-quality water, while reducing operating costs by generating energy on-site which ultimately benefits the JPA's ratepayers,' said Mark Niemiec, Director of the East County AWP JPA. 'This early work package will help us accomplish this mission in the most cost-effective manner possible.' Article content 'This change order with the JPA leverages Anaergia's suite of integrated solutions,' said Assaf Onn, CEO of Anaergia. 'It exemplifies how we work with customers to pursue our mission of accelerating the world's clean energy transition by transforming waste into valued resources.' Article content The East County Advanced Water Purification Program is a collaborative effort between Padre Dam Municipal Water District, the City of El Cajon, the County of San Diego and Helix Water District. It will create a new, local, sustainable and drought proof drinking water supply using state-of-the-art technology to purify East San Diego County's recycled water. This water recycling opportunity will diversify East San Diego County's water supply, reduce our dependence on imported water and produce up to 30 percent of East County's current drinking water needs. Article content Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases (GHGs) through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. Article content This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia's current expectations regarding future events including, but not limited to, the value of the contract and the change order and the development, funding, goals and benefits of the project. Forward-looking information is based on a number of assumptions, including, but not limited to, counterparty contractual performance, the full development and funding of the project, the capability of the Company's technology and performance with respect to the project objectives, the enforcement of organic waste recycling laws such as SB1383, and the actual diversion of food waste from regional landfills. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's annual information form for the fiscal year ended December 31, 2024, and under 'Risks and Uncertainties' in the Company's most recent management's discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia's operations or financial results are included in Anaergia's reports on file with Canadian regulatory authorities. Article content Article content Article content Article content Article content
