Bioenergy secures funding to accelerate anaerobic digestion projects in North America

Bioenergy Devco (BDC), a developer of anaerobic digestion facilities based in Annapolis, Maryland, has secured $100 million in financing from Irradiant Partners, an alternative investment manager based in Santa Monica, California. The capital will support the development of anaerobic digestion facilities to drive sustainable organic waste recycling and reduce greenhouse gas emissions in North America. 

"We are thrilled that Irradiant has joined us in our mission to make our planet healthier through the natural power of anaerobic digestion," says Shawn Kreloff, founder and CEO of Bioenergy Devco. "Anaerobic digestion, as evidenced by our success throughout Europe, is the most environmentally responsible way to recycle food waste into renewable energy while reducing emissions and achieving decarbonization and climate goals in North America. Bioenergy Devco's technology can sustainably divert food waste from landfills, and in turn, give this discarded organic material a valuable second life."

BDC says it has constructed more than 240 anaerobic digesters and manages 140 facilities worldwide. Since launching in the United States in 2019, BDC has more than 20 anaerobic digesters in development, including two under construction in Delaware and Maryland. 

The Maryland facility, which is being built at the Maryland Food Center Authority in Jessup, Maryland, will have the capacity to accept more than 115,000 tons of organic material annually. The facility will offer the same carbon sequestration impact as a forested area 40 times the size of Central Park, the company says.

"We are excited to partner with Bioenergy Devco because we see their leadership in this emerging industry as critical to a sustainable future," says Jon Levinson, co-CEO of Irradiant. "Knowing BDC's global footprint and history, we saw an incredible opportunity to work with a company taking a revolutionary approach to holistic sustainability along with the management of waste, renewable energy production and supporting healthy soils."

BDC says its anaerobic digestion technology decarbonizes the food, agriculture, waste and energy sectors and works with cities, companies and energy suppliers to provide renewable energy alternatives.