Cambrian Partners with ING to Boost Water Reuse Financing by $150 Million
In a significant development for sustainable solutions in water and energy, Cambrian Innovation has successfully closed a $150 million credit facility with ING Capital LLC. This strategic partnership aims to bolster Cambrian's efforts in wastewater treatment and energy recovery-as-a-service, fostering the rapid expansion of their Water-Energy Purchase Agreement (WEPA) offerings.
Cambrian, established as a leader in the sector, is focused on tackling the escalating challenges associated with aging infrastructure and water scarcity throughout North America. Their innovative WEPA platform is uniquely designed to provide decentralized wastewater treatment, water reuse, and renewable energy services to industrial facilities.
Matthew Silver, the CEO of Cambrian, emphasized the importance of this collaboration, stating that it represents a milestone in the company's mission to transform water and energy infrastructures. He noted, "The facility will empower us to scale our impact by further reducing the cost of delivery, providing sustainable solutions that align with our clients' financial, operational, and sustainability goals."
The partnership with ING, a globally recognized financial institution committed to sustainable finance, reflects a shared vision for promoting innovative solutions that address pressing environmental issues. Gael Cornet, Director at ING Capital LLC, remarked on the partnership, asserting that it highlights the bank's dedication to supporting companies at the forefront of sustainable innovation.
Building on its previous commitments, Cambrian has now exceeded $350 million directed towards advancing its innovativeWEPA model in the commercial and industrial sectors. This includes a previous commitment of $200 million in equity announced in November 2023. As industries face mounting pressure to optimize their water and energy usage, Cambrian provides a critical service by enabling clients to achieve significant cost savings while recovering invaluable resources through advanced wastewater treatment processes.
The WEPA model not only aids companies in reducing water usage but also assists them in complying with various regulatory requirements. It stands out as a comprehensive approach to sustainability that is proving essential in today’s resource-centric economy.
Cambrian Innovation has established itself as a pioneering force in advanced wastewater treatment and resource recovery, striving to redefine how industries interact with water and energy resources. Its innovative framework not only advances operational efficiency but also signals a broader trend towards sustainability in industrial practices.
As the company embarks on this new chapter, its collaboration with ING promises to enhance the effectiveness and reach of its water-energy solutions across North America, ensuring that clients stay ahead in both environmental stewardship and business viability. For more insights on Cambrian Innovation, visit their official website at www.cambrianinnovation.com.
Cambrian, established as a leader in the sector, is focused on tackling the escalating challenges associated with aging infrastructure and water scarcity throughout North America. Their innovative WEPA platform is uniquely designed to provide decentralized wastewater treatment, water reuse, and renewable energy services to industrial facilities.
Matthew Silver, the CEO of Cambrian, emphasized the importance of this collaboration, stating that it represents a milestone in the company's mission to transform water and energy infrastructures. He noted, "The facility will empower us to scale our impact by further reducing the cost of delivery, providing sustainable solutions that align with our clients' financial, operational, and sustainability goals."
The partnership with ING, a globally recognized financial institution committed to sustainable finance, reflects a shared vision for promoting innovative solutions that address pressing environmental issues. Gael Cornet, Director at ING Capital LLC, remarked on the partnership, asserting that it highlights the bank's dedication to supporting companies at the forefront of sustainable innovation.
Building on its previous commitments, Cambrian has now exceeded $350 million directed towards advancing its innovativeWEPA model in the commercial and industrial sectors. This includes a previous commitment of $200 million in equity announced in November 2023. As industries face mounting pressure to optimize their water and energy usage, Cambrian provides a critical service by enabling clients to achieve significant cost savings while recovering invaluable resources through advanced wastewater treatment processes.
The WEPA model not only aids companies in reducing water usage but also assists them in complying with various regulatory requirements. It stands out as a comprehensive approach to sustainability that is proving essential in today’s resource-centric economy.
Cambrian Innovation has established itself as a pioneering force in advanced wastewater treatment and resource recovery, striving to redefine how industries interact with water and energy resources. Its innovative framework not only advances operational efficiency but also signals a broader trend towards sustainability in industrial practices.
As the company embarks on this new chapter, its collaboration with ING promises to enhance the effectiveness and reach of its water-energy solutions across North America, ensuring that clients stay ahead in both environmental stewardship and business viability. For more insights on Cambrian Innovation, visit their official website at www.cambrianinnovation.com.
Topics Energy）
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