In the news release, Waste-to-Value Pioneer Nexus W2V Secures
$140MM Investment & Announces Construction of Flagship RNG
Facility in Indiana, issued
10-Dec-2024 by Nexus PMG over PR
Newswire, we are advised by the company that there have been
changes throughout. The complete, corrected release follows:
Waste-to-Value Pioneer Nexus W2V Secures $140MM Investment &
Announces Construction of Flagship RNG Facility in Indiana
The company plans to roll out cost-competitive
waste remediation solutions to communities across North America, beginning in
Indiana
CHICAGO, Dec. 10,
2024 /PRNewswire/ -- Nexus W2V, a leading developer
of waste-to-value infrastructure projects, announced the closing of
an anchor $75 million structured
equity commitment from Orion Infrastructure Capital ("OIC"). With
additional investment from Nexus Holdings, Khasma Capital, along
with debt financing from Ameris
Bank. Nexus W2V has issued notice to proceed with the
construction of its flagship facility, the Kingsbury Bioenergy
Complex in La Porte, Indiana,
which will turn source-separated organics into renewable natural
gas (RNG).
"National waste is on the rise, and the legislation around waste
management is quickly evolving to drive meaningful change across
the industry," said Ben Hubbard, CEO
of Nexus Holdings. "Nexus W2V is embracing that change and
providing a cost-competitive alternative waste disposal method
that's positive for both energy production and the
environment."
Nexus W2V focuses on converting organic waste streams into
renewable natural gas, compost products and biochar, as exemplified
by the Kingsbury Bioenergy Complex. Led by waste and energy
industry veterans, the Nexus W2V team boasts decades of combined
experience across industrial design and construction, bio-energy
development and regenerative agriculture.
"In conjunction with our newly forged capital partnership, Nexus
W2V is well prepared to deliver industry-leading projects in the
waste-to-value sector across North
America, and OIC is excited to play a part in deploying
these innovative solutions supporting sustainable landfill
diversion and the reduction of associated emissions," said
Chris Leary, Investment Partner and
Head of Infra Equity at OIC.
Located 70 miles outside Chicago, Nexus W2V's flagship waste-to-RNG
facility is expected to process 200 tons of organic waste daily
into RNG and coproducts. The RNG will be injected into Northern Indiana's existing pipeline system,
enhancing the region's domestically produced renewable energy
supply. The Kingsbury Bioenergy Complex is expected to be fully
operational by the end of 2026 and bring 35 local jobs to La
Porte.
"The Kingsbury Bioenergy Complex will offer the greater
Chicago area and western
Indiana a long-term solution to
their organic waste disposal needs," said Roshan Vani, CEO of Nexus W2V. "It's the first
in a series of waste-to-value projects that Nexus W2V has planned
nationwide and serves as a blueprint for how we plan to think about
the waste-to-value ecosystem."
About Nexus W2V
Nexus W2V is a leading developer of
waste-to-value infrastructure projects, providing waste remediation
to haulers, producers, and utilities across North America. The company's integrated
business model offers end-to-end services, including organic waste
diversion to RNG, food waste and green waste to compost, wood and
agriculture waste to biochar, and full-scale municipal solid waste
sorting and recovery systems. To learn more, visit
nexusw2v.com.
About OIC
With approximately $5
billion in assets under management, OIC invests in
North America and select
international markets. OIC's unique partnership approach – for
entrepreneurs, by entrepreneurs – cultivates creative credit,
equity, and growth capital solutions to help middle market
businesses scale and deploy sustainable infrastructure. OIC's
target investment sectors include energy efficiency, digital
infrastructure, social infrastructure, sustainable power
generation, renewable fuels, waste & recycling, water,
transportation, and agriculture. OIC was founded in 2015 by a team
of energy and sustainability veterans, successful infrastructure
investors, and former asset owners and industry operators. Across
OIC's platform is a team of approximately 45 professionals based in
New York, Houston, and London. To learn more, visit oic.com.
About Nexus Holdings
Nexus Holdings is a Greenville, South Carolina-based investment
and advisory firm that supports the development and execution of
low-carbon infrastructure projects. For over a decade, Nexus has
supported the development and execution of more than $35 billion in low-carbon infrastructure projects
and collaborated with investment firms to manage more than
$1 trillion in assets. The company
leverages the offerings of its three wholly owned subsidiaries to
provide support and services throughout the lifecycle of low-carbon
projects, including Nexus PMG, an infrastructure advisory firm;
Pathway Energy, a sustainable aviation fuel producer; and Nexus
W2V, a developer of waste-to-value infrastructure
projects.
About Khasma Capital
Khasma Capital provides
development capital and expertise to teams building sustainable
infrastructure projects. As a market leader in funding energy
transition and circular economy assets, Khasma Capital's
partnership model enables developers to prove their business model,
complete development activities, grow their teams and commercialize
their technologies. To learn more, visit
https://www.khasmacapital.com/.
About Ameris
Bank
Ameris Bank, a
subsidiary of Ameris Bancorp (NYSE: ABCB), is a state-chartered
bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers
across the Southeast and serves consumer and business customers
nationwide through select lending channels. Ameris manages $26.4
billion in assets as of September 30, 2024, and provides a full
range of traditional banking and lending products, treasury and
cash management, insurance premium financing, and mortgage and
refinancing services. Learn more about Ameris at
amerisbank.com.
Media Contact
Mission Control for Nexus Holdings and
Nexus W2V
nexus.pmg@missionc2.com
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SOURCE Nexus PMG
