Anaergia Inc. (TSX:ANRG) announced that its subsidiary Anaergia Technologies has entered into a C$58 million contract with Neogenyx Fuels.
The contract is for deploying anaerobic digestion technology at a large-scale agricultural facility in the United States.
Neogenyx Fuels is a joint venture between Ameresco (NYSE:AMRC) and HA Sustainable Infrastructure Capital (NYSE:HASI).
Anaergia will provide manure handling, processing, and digestion systems to produce over 4,400 standard cubic feet per minute of biogas.
The biogas will be converted into pipeline-quality renewable natural gas.
Anaergia expects to recognize approximately C$58 million in revenue over the next two years.
"This contract represents an important step in converting Anaergia’s technology leadership into visible, contracted revenue streams," said CEO Assaf Onn.
The renewable natural gas sector benefits from regulatory incentives and energy transition policies.
