April 5, 2023. Quinbrook Infrastructure Partners, a specialist investment manager focused exclusively on the infrastructure needed to drive the energy transition, announced its acquisition of PurposeEnergy. An established US-based renewable fuels and biogas specialist, PurposeEnergy is focused on waste solutions for the food and beverage industries. Over the last 15 years, PurposeEnergy has developed, owned and operated multiple projects that convert organic waste streams to biogas for use in industrial processes, conversion to renewable electricity, or refinement to Renewable Natural Gas (RNG).
“Quinbrook is really excited to be moving into such a high growth and important sector that desperately needs more sustainable solutions that convert organic food waste into renewable power and biogas. The demand for renewable fuels is exploding and in PurposeEnergy we have found a highly capable technical and operational team that have been in business over a decade, delivering impactful solutions for customers and the environment. Now is the right time for us to scale this business to realise its full potential. PurposeEnergy is a great example of the Quinbrook model for value-add investing,” said David Scaysbrook, Managing Partner and Co-Founder.
Headquartered in New Hampshire, PurposeEnergy utilizes proven technologies including proprietary methods developed and patented by the company to convert organic waste streams to high value biogas and RNG that is sold to customers under long term contracts. The company has established an impressive track record developing, designing, constructing and operating projects that have delivered high impact solutions for the food and beverage industry. In many cases, this has enabled customers to materially increase production and improve the economics of their core business.