Nexus W2V, a 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.
The proceeds will be used for 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).
“The Kingsbury Bioenergy Complex will offer the greater Chicago area and western Indiana a long-term solution to their organic waste disposal needs. 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,” said Roshan Vani, CEO of Nexus W2V.
“National waste is on the rise, and the legislation around waste management is quickly evolving to drive meaningful change across the industry. 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,” said Ben Hubbard, CEO of Nexus Holdings.
“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.
Founded in 2022 by Roshan P. Vani, Nexus W2V is a leading developer of waste-to-value infrastructure projects, providing waste remediation to haulers, producers, and utilities across North America.
Nexus W2V focuses on converting organic waste streams into renewable natural gas, compost products and biochar.
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.
