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). And with additional investment from Nexus Holdings, Khasma Capital, and debt financing from Ameris Bank.
Nexus W2V has also issued notice to construct its flagship facility, the Kingsbury Bioenergy Complex in La Porte, Indiana, which will turn source-separated organics into renewable natural gas (RNG).
Nexus W2V focuses on converting organic waste streams to renewable natural gas, compost products, and biochar, as the Kingsbury Bioenergy Complex exemplifies. Led by waste and energy industry veterans, the Nexus W2V team has decades of combined experience across industrial design and construction, bio-energy development, and regenerative agriculture.
Based 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 co-products. And 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.
KEY QUOTES:
“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.”
- 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.”
- Chris Leary, Investment Partner and Head of Infra Equity at OIC
“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.”
- Roshan Vani, CEO of Nexus W2V
