Waste-to-energy co Arensis closes GBP 13.5m in debt funding

Los Angeles-based distributed energy systems provider Arensis announced today it has secured GBP 13.5 million (USD 17.3m/EUR 15m) in debt funding for renewable energy facilities in the UK.

Arensis’ German subsidiary Entrade Energiesysteme AG has developed a biomass gasification technology for waste-to-energy projects. Over the past 12 months, the company bought two underperforming UK wood pellet production facilities where it deployed its technology.

The fresh financing, which comes from Hadrian’s Wall Secured Investments Ltd (LON:HWSL), will be used for loan refinancing and to conclude the integration of 52 Entrade units into the pellet plants, Arensis said in a statement. The company added that the project has been de-risked with long-term fibre supply and offtake agreements.

“The projects will produce ~85 GWh of thermal energy per year, helping the UK prevent at least 20,000 metric tons of greenhouse gas emissions annually,” commented Arensis Corporate Investment Director, Tony Morberg.

Arensis’ target customers include power production facilities, manufacturing plants, agriculture and food processing plants, carmakers and electric vehicle (EV) charging stations, local farming communities, data centres and commercial and residential buildings.

(GBP 1.0 = USD 1.282/EUR 1.114)

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