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Nexus W2V Secures $75 Million Investment to Launch Waste-to-Energy Facility in Indiana
CHICAGO, Dec. 10, 2024 /PRNewswire/ — Nexus W2V, a prominent player in waste-to-value infrastructure development, has successfully closed a significant $75 million structured equity investment from Orion Infrastructure Capital (OIC). This funding, alongside contributions from Nexus Holdings, Khasma Capital, Sterling Bank, and Ameris Bank, has enabled Nexus W2V to initiate the construction of the Kingsbury Bioenergy Complex in La Porte, Indiana. This facility aims to convert source-separated organic materials into renewable natural gas (RNG).
Ben Hubbard, CEO of Nexus Holdings, emphasized the growing urgency of waste management issues, stating, “As national waste levels rise and legislative measures adapt to promote change, Nexus W2V is stepping up to provide cost-effective waste disposal options that benefit energy production and the environment.” This statement underscores the pivotal role of the company in addressing current waste management challenges.
The Kingsbury Bioenergy Complex exemplifies Nexus W2V’s focus on transforming organic waste into useful resources such as renewable natural gas, compost, and biochar. The company is backed by a team of seasoned professionals with extensive experience in waste management, energy development, and regenerative agriculture.
Chris Leary, an Investment Partner and Head of Infra Equity at OIC, commented on the partnership, stating, “With our new collaboration, Nexus W2V is poised to deliver state-of-the-art projects in the waste-to-value arena across North America. OIC is eager to support the implementation of these innovative solutions that promote sustainable waste diversion and reduced emissions.” This partnership reflects a strong commitment to sustainable development practices in the industry.
Located approximately 70 miles from Chicago, the Kingsbury Bioenergy Complex is anticipated to process around 200 tons of organic waste daily, generating RNG and other coproducts. The RNG produced will be integrated into Northern Indiana’s existing natural gas pipeline network, bolstering the area’s renewable energy capabilities. The facility is projected to be operational by late 2026 and is expected to create about 35 jobs in La Porte, enhancing local economic prospects.
Roshan Vani, CEO of Nexus W2V, articulated the importance of the facility, stating, “The Kingsbury Bioenergy Complex will provide a sustainable organic waste disposal solution for the greater Chicago area and western Indiana. This is just the beginning; our plans include a suite of waste-to-value projects across the country, serving as a template for future initiatives in the sector.”
About Nexus W2V
Nexus W2V is at the forefront of waste-to-value infrastructure development, offering comprehensive waste remediation solutions to haulers, producers, and utilities throughout North America. The company’s approach encompasses a variety of services, including the diversion of organic waste into RNG, the conversion of food and green waste to compost, and the transformation of wood and agricultural waste into biochar. They also operate municipal solid waste sorting and recovery systems. For further information, visit nexusw2v.com.
About Orion Infrastructure Capital
Orion Infrastructure Capital manages approximately $5 billion in assets, focusing on North America and select international markets. The firm adopts a unique partnership model aimed at providing creative financing solutions to facilitate the growth of middle-market businesses and sustainable infrastructure projects. Their investment focus spans various sectors, including energy efficiency, renewable fuels, and waste management. Established in 2015, OIC operates with a team of around 45 professionals across New York, Houston, and London. More information is available at oic.com.
About Nexus Holdings
Nexus Holdings is an investment and advisory firm dedicated to advancing low-carbon infrastructure projects. The firm has facilitated the development of over $35 billion in such projects and collaborates with investment firms managing over $1 trillion in assets. Nexus Holdings integrates the capabilities of its subsidiaries, including Nexus PMG, a consultancy for infrastructure projects; Pathway Energy, a producer of sustainable aviation fuel; and Nexus W2V. This synergy enhances their support for low-carbon initiatives.
About Khasma Capital
Khasma Capital specializes in providing development capital and expertise for sustainable infrastructure ventures. With a strong emphasis on funding energy transition and circular economy projects, Khasma Capital’s partnership model assists developers in validating business models and commercializing their technologies. More details can be found at here.
About Ameris Bank
Ameris Bank, a subsidiary of Ameris Bancorp, is a state-chartered bank headquartered in Atlanta, Georgia. With 164 locations across the Southeastern United States, Ameris offers a comprehensive range of financial services, managing $26.4 billion in assets as of September 30, 2024. For more information, visit amerisbank.com.
For media inquiries, please contact Mission Control for Nexus Holdings and Nexus W2V at nexus.pmg@missionc2.com.
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