Anaergia Secures Scope Expansion With New Operating Contract With Monterey One Water, California

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Anaergia will provide services for the Monterey One Water Regional Treatment Plant

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CARLSBAD, Calif. & BURLINGTON, Ontario — Anaergia Inc. (“Anaergia”, “Company”, “us”, or “our”) (TSX: ANRG), through its subsidiary, Anaergia Technologies, LLC (“Anaergia Technologies”), has expanded the scope of its operations with existing client Monterey One Water (“M1W”), California, to operate an organic waste treatment facility at M1W’s Regional Treatment Plant (“RTP”). Anaergia Technologies will manage the procurement of organic waste and the operation of a new food waste reception station to increase biogas production under the current digester retrofit project. This project will support organic waste diversion compliance under California’s landfill diversion law, SB 1383, and is supported in part by a grant from CalRecycle.

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The anaerobic digester project will promote the production of renewable energy from wastewater and organic waste while supporting local communities to reuse their natural waste. It will recover the value of these waste streams through the use of a series of advanced Anaergia technological solutions delivered under a contract announced in June 2023. The improved facility is expected to receive about 50,000 tons per year of natural waste. Going forward, M1W plans to expand biogas production by producing up to 100,000 million BTUs per year of renewable natural gas (“RNG”).

This is Anaergia’s ninth operations and maintenance (“O&M”) contract in the United States, and Anaergia is now the largest operator of digestion and digestion infrastructure in California. These expanded services activities, which are expected to generate revenues in excess of C$3 million, are consistent with Anaergia’s capital-light strategy to ensure long-term revenue and leverage unique capabilities as a key partner in wastewater services.

“M1W pursues sustainable, long-term solutions by using advanced technologies to transform waste streams into renewable energy sources,” said Paul Sciuto, M1W’s Chief Executive Officer. “We are pleased to continue this relationship with Anaergia and increase the benefit to our community through innovative and reliable solutions,” added Mr. Sciuto.

“This long-term agreement with M1W advances Anaergia’s expertise in the treatment of organic waste and wastewater through renewable energy generation and expands the services Anaergia offers to this biogas plant owner,” said Assaf Onn, CEO of Anaergia. “We are excited to help M1W achieve its exemplary sustainability goals as we pursue our mission to accelerate the world’s clean energy transition by turning waste into valuable resources,” added Mr. Hon.

About Monterey One Water

M1W is a public utility that provides wastewater and water recycling services in northern Monterey County, California. The Agency is driven by its mission to transform the area’s wastewater into safe, socially and environmentally sustainable water solutions. Every day, M1W is responsible for cleaning approximately 17 million liters of used water before returning it safely to the environment. This is achieved through safe mixing with seawater and water recycling efforts to support food crop irrigation and drinking water supply.

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About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases (“GHGs”) by converting natural waste into RNG, fertilizer and water using proprietary technology. With a history of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s resource acquisition challenges using a broad portfolio of proven technologies and multiple project delivery methods. Anaergia is one of the only global companies with a proprietary portfolio of end-to-end solutions that include solid waste processing and wastewater treatment with organic matter recovery, advanced anaerobic digestion, RNG production and recovery of fertilizers and water from organic residues. The combination of these technologies improves carbon-negative gas, clean water and organic fertilizer production, uses less land and reduces waste and wastewater treatment costs and GHG emissions.

For more information see: www.anaergia.com

Forward-Looking Statements

This news release contains forward-looking information within the meaning of applicable securities law, reflecting Anaergia’s current expectations regarding future events, including but not limited to, the amount and duration of O&M services for M1W’s RTP based on current capacity, as well as development, funding, targets and M1W’s RTP benefits. Forward-looking information is based on a number of assumptions, including, but not limited to the performance of the other party’s contract, the complete development and financing of the M1W RTP, the Company’s technical capabilities and performance in relation to project objectives, and adequate availability. of food waste and power generation. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, factors discussed under “Risk Factors” in the Company’s annual information form for the fiscal year ended December 31, 2023, and under “Risks and Uncertainties” in the Company’s most recent management discussion. and analysis. Actual results may differ materially from those presented here. 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 may affect Anaergia’s operations or financial results is included in Anaergia’s reports on file with Canadian regulatory authorities.

View the source version at businesswire.com: https://www.businesswire.com/news/home/20241210572933/en/

Contacts

For media and/or investor relations please contact: IR@Anaergia.com

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