Anaergia Inc. ("Anaergia" or the "Company") (TSX: ANRG) announced today (May 2) that its subsidiary SoCal Biomethane, LLC, ("SoCal Biomethane") will supply renewable natural gas as facilitated by renewable fuels marketer Anew Climate ("Anew") to FuelCell Energy's (Nasdaq: FCEL) Tri-gen system to produce carbon-negative hydrogen and electricity for Toyota Motor North America, Inc.'s (TMNA) Logistics Services Center at the Port of Long Beach in California. The facility is Toyota's largest port operation handling import/exports for North America and processes about 200,000 vehicles per year.
FuelCell Energy's Tri-gen system will produce approximately 1.3 tons of renewable hydrogen per day which will fuel Toyota Mirai vehicles. The fuel cells will also produce a net 2.3 megawatts (MW) of electricity enough to power Toyota Logistics Services Center and will add renewable electricity to the grid, as well as produce roughly 1,400 gallons of water a day that will be used for car-washing operations.
Anaergia's supply of renewable natural gas (RNG), which is the same molecule as methane, will be produced from food waste and municipal wastewater at the Company's SoCal Biomethane plant in Victorville, California and will be sold and delivered to FuelCell Energy through Anew, the exclusive RNG marketer for the Victorville facility. Because the methane sourced from Anaergia is made from renewable sources that otherwise emit fugitive methane emissions from decomposition, it is considered carbon negative. Thus, when this carbon-negative RNG is then converted to hydrogen and electricity in FuelCell Energy's Tri-gen system, both outputs are considered zero-emissions and carbon negative.
Converting this renewable natural gas to renewable electricity is expected to avoid more than 9,000 tons of grid electricity greenhouse gas emissions per year. The renewable hydrogen is expected to avoid more than 4,000 tons of annual greenhouse gas emissions compared to the emissions produced if the hydrogen had been made by conventional steam reforming of fossil natural gas. FuelCell Energy's Tri-gen system will also reduce the air pollution that disproportionately impacts nearby communities, as the fuel cell's chemical reaction is virtually free of NOx, SOx, and particulate matter emissions.
Anaergia's SoCal Biomethane facility was developed through a public-private partnership (P3) with the Victor Valley Wastewater Reclamation Authority and financing partner North Sky Capital.
"We are proud to support Toyota's decarbonization goals at one of the largest ports in the world with the supply of carbon-negative renewable natural gas that enables emissions-free hydrogen fuel," said Yaniv Scherson, Chief Operating Officer of Anaergia. "Carbon-negative fuels like renewable natural gas are essential to creating a net-zero emissions world. Because it's a drop-in fuel, renewable natural gas enables rapid decarbonization. It's an immediately dispatchable platform for electricity and hydrogen production," Scherson said.
"Renewable natural gas is a great way to produce renewable hydrogen and electricity at the scale required to support our Logistics facility's carbon neutral goal," said Mark Yamauchi, Sustainability Manager for Toyota Motor North America. "And because it is made from waste, renewable natural gas creates the type of circular economy that Toyota is working to expand."
"We are excited to partner with Anaergia to supply our Tri-gen system with renewable natural gas as it is an effective way to create renewable hydrogen at distributed scale local to the end use, avoiding the cost and emissions associated with delivery of hydrogen to remote users. This allows us to help customers, like Toyota, achieve their sustainability goals by producing emissions-free hydrogen, electricity, and water," said Tony Leo, Chief Technology Officer, FuelCell Energy.
"We are pleased to celebrate another milestone in our long-standing collaboration with Anaergia and to engage with FuelCell Energy and Toyota in realizing the zero emissions benefits of RNG," said Randy Lack, Head of Portfolio Management for Anew Climate. "Through climate leadership as exemplified by this agreement we are creating markets for environmental impact that benefit our broader community and the climate."
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas ("RNG"), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.
For further information please see: www.anaergia.com
For media relations please contact: Melissa Bailey, Melissa.Bailey@Anaergia.com
For investor relations please contact: IR@Anaergia.com
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 65 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs more than 48,000 people in North America who have contributed to the design, engineering, and assembly of nearly 45 million cars and trucks at our 13 manufacturing plants. By 2025, Toyota's 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers 22 electrified options.
Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society's most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.ToyotaNewsroom.com.
Contact:
Cindy Knight
Cindy.Knight@toyota.com
About FuelCell Energy
FuelCell Energy, Inc. (NASDAQ: FCEL): FuelCell Energy is a global leader in sustainable clean energy technologies that address some of the world's most critical challenges around energy, safety and global urbanization. It collectively holds more than 450 fuel cell technology patents in the United States and globally. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for businesses, utilities, governments and municipalities. The company's solutions are designed to enable a world empowered by clean energy, enhancing the quality of life for people around the globe.
Contact:
Betsy Schaefer
914.318.3072
bschaefer@fce.com
About Anew
Anew Climate, LLC ("Anew") is accelerating the fight against climate change by enabling companies and organizations to align their goals for conservation and impact with actionable next steps. With a comprehensive solutions portfolio that includes advisory services, carbon credits, renewable natural gas, renewable energy certificates, EV credits, and emission credits, Anew lowers barriers to participation in environmental markets for clients across the private and public sectors. As a leading marketer and originator of environmental products, the company brings together strategic finance, regulatory expertise, scientific knowledge, and impact focus to make it possible for businesses to thrive while building a sustainable future. Anew is majority owned by TPG Rise, TPG's global impact investing platform, and emerged from the February 2022 combination of durational industry leaders Element Markets, LLC and Blue Source, LLC. The company has offices in the U.S., Canada, and Europe, and an environmental commodities portfolio that extends across five continents. For further information, please see www.anewclimate.com
Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events, including statements relating to the timing of the resignation of KPMG LLP and the Company's external auditor, the Company's appointment of a successor auditor and regulatory filings to be made in connection with the foregoing. Forward-looking information is based on a number of assumptions and 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, the factors discussed under "Risk Factors" in the Company's annual information form dated April 10, 2023 for the fiscal year ended December 31, 2022. 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.
Contacts
Anaergia
For media relations please contact: Melissa Bailey, Melissa.Bailey@Anaergia.com
For investor relations please contact: IR@Anaergia.com
Toyota
Cindy Knight
Cindy.Knight@toyota.com
FuelCell Energy
Betsy Schaefer
914.318.3072
bschaefer@fce.com
