Nexus W2V Secures Major Investment for New RNG Facility in Indiana

Nexus W2V Secures Major Investment for RNG Facility in Indiana

In a significant step towards enhancing the waste-to-value landscape, Nexus W2V, a prominent developer in waste transformation projects, has successfully secured $140 million in funding. This funding will facilitate the construction of the Kingsbury Bioenergy Complex in La Porte, Indiana, a facility aimed at converting organic waste into renewable natural gas (RNG). Nexus W2V has drawn notable investments, including a cornerstone $75 million structured equity commitment from Orion Infrastructure Capital, alongside contributions from Nexus Holdings, Khasma Capital, Sterling Bank, and Ameris Bank.

Nexus W2V has announced their plans to deploy competitively priced waste remediation solutions that will serve communities across North America, beginning specifically in Indiana. With the substantial investment secured, the company is now ready to proceed with the construction of their flagship facility. Once operational, the Kingsbury Bioenergy Complex is designed to process approximately 200 tons of organic waste daily, transforming it into valuable RNG and other co-products, with an aim to inject the RNG into the existing pipeline system in Northern Indiana. This step will bolster the region's renewable energy supply.

The CEO of Nexus Holdings, Ben Hubbard, commented on the rising national waste levels and the evolving legislative landscape around waste management, emphasizing Nexus W2V's role in driving positive change with innovative waste disposal methods beneficial for both energy output and environmental sustainability.

The Kingsbury Bioenergy Complex is expected to create around 35 jobs within the La Porte community, generating a long-term waste disposal solution for the greater Chicago area and western Indiana. Roshan Vani, Nexus W2V's CEO, stressed that this facility represents the initial phase of upcoming waste-to-value projects planned nationwide, providing a model for the future of waste-to-value ecosystems.

In its mission, Nexus W2V is committed to converting diverse organic waste streams into RNG, compost products, and biochar, thus exemplifying the potential of the Kingsbury Bioenergy Complex as a cornerstone project. The company's leadership team is composed of industry veterans who bring decades of experience in industrial design and construction, bio-energy development, and regenerative agriculture.

With such projects underway, Nexus W2V is well-positioned to contribute significantly towards sustainable landfill diversion and emissions reduction across North America. Chris Leary, OIC's Investment Partner and Head of Infra Equity, expressed excitement about participating in these forward-thinking solutions that confront today's pressing waste management challenges.

As Nexus W2V navigates this evolving sector, they exemplify the vital role that sustainable infrastructure projects can play in redefining waste management practices. Their innovative approach not only provides energy solutions but also acts as a catalyst for community development and environmental stewardship. Additionally, the collaboration among Nexus W2V, Orion Infrastructure Capital, and other financial institutions illustrates a growing commitment to investing in sustainable infrastructures that champion the energy transition.

Through initiatives like these, Nexus W2V is set not only to meet the demands of modern waste management but also to inspire a broader shift towards sustainable practices across various sectors. With the Kingsbury Bioenergy Complex expected to be fully operational by the end of 2026, the future looks bright for Nexus W2V and for communities seeking sustainable energy solutions.