AG真人官方

STOCK TITAN

Anaergia and East County, California, Advanced Water Purification Joint Powers Authority Expand Project Scope

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Anaergia to provide increased services and procurement of equipment for current project

CARLSBAD, Calif. & BURLINGTON, Ontario--(BUSINESS WIRE)-- Anaergia Inc. (鈥淎naergia,鈥� 鈥渢he Company,鈥� 鈥渦s,鈥� or 鈥渙ur鈥�) (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 (鈥淎WP鈥�) Joint Powers Authority (鈥淛PA鈥�) located in East San Diego County.

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鈥檚 revenues from the project by C$8.6 million.

The scope of work includes the procurement of long-lead time components including a gas treatment system, combined heat and power systems (鈥淐HP鈥�), 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.

鈥淭his 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鈥檚 ratepayers,鈥� said Mark Niemiec, Director of the East County AWP JPA. 鈥淭his early work package will help us accomplish this mission in the most cost-effective manner possible.鈥�

鈥淭his change order with the JPA leverages Anaergia鈥檚 suite of integrated solutions,鈥� said Assaf Onn, CEO of Anaergia. 鈥淚t exemplifies how we work with customers to pursue our mission of accelerating the world鈥檚 clean energy transition by transforming waste into valued resources.鈥�

About East County Advanced Water Purification Joint Power Authority

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.

For further information please see:

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鈥檚 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 news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia鈥檚 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鈥檚 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鈥檚 control. Such risks and uncertainties include, but are not limited to, the factors discussed under 鈥淩isk Factors鈥� in the Company鈥檚 annual information form for the fiscal year ended December 31, 2024, and under 鈥淩isks and Uncertainties鈥� in the Company鈥檚 most recent management鈥檚 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鈥檚 operations or financial results are included in Anaergia鈥檚 reports on file with Canadian regulatory authorities.

For media and/or investor relations please contact: [email protected]

Source: Anaergia Inc.

Anaergia

OTC:ANRGF

ANRGF Rankings

ANRGF Latest News

ANRGF Stock Data

165.50M
74.53M
84.15%
3.15%
Waste Management
Industrials
Canada
Burlington