Bioenergy Devco closes $100M in new capital to accelerate anaerobic digestion projects

November 14, 2021 |

In Maryland, Bioenergy Devco, developer of anaerobic digestion facilities that transform organic waste into renewable energy and healthy soil products, secured $100 million in financing from funds managed by Irradiant Partners, which will support the development of multiple anaerobic digestion facilities to drive sustainable organic waste recycling and reduce greenhouse gas emissions in North America.

Irradiant joins BDC’s existing investor base that includes Newlight Partners LP, a growth equity investment firm, and Sagewind Capital LLC, a New York-based middle-market private equity firm.

BDC has constructed more than 240 anaerobic digesters and currently manages 140 facilities worldwide. Since launching in the United States in 2019, BDC has over 20 anaerobic digesters in development, including two under construction in Delaware and Maryland. Slated to be the largest and the first industrial-scale food waste digester in the U.S., the facility at the Maryland Food Center Authority will have the capacity to accept more than 115,000 tons of organic material annually, offering the same carbon sequestration impact as a forested area 40 times the size of Central Park.

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Category: Fuels

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