Enbridge commits $1-billion to company turning food waste to energy

It is the latest in a string of investments by major energy companies in biogas, which can replace traditional natural gas but is more costly to produce. President Joe Biden’s Inflation Reduction Act , signed into law in August, includes subsidies for equipment to capture climate-warming emissions at places like landfills and dairy farms and convert them into gas used to heat homes or fuel vehicles.

Divert, a 16-year-old company based in West Concord Massachusetts, uses technology to help grocers minimize food waste and also operates digesters that process that waste into what is known as renewable natural gas . In addition to the $1-billion commitment from Enbridge to finance 30 sites it has selected for the digesters, Divert received an $80-million equity investment from the Calgary-based company and $20-million from investors led by Ara Partners.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

TUSD crosses this landmark and reaches $1 billion market cap, more insideTrue USD has become the fifth-largest stablecoin by market capitalization. The regulatory concerns with BUSD have made TUSD become a viable alternative. In the past few weeks, True USD [TUSD] surged in market value to become the sixth-largest stablecoin overall. Although Tether [USDT] is the largest stablecoin by market cap, the situation is rapidly changing. […]
La source: CryptoAmb - 🏆 22. / 68 Lire la suite »