September 3, 2025. Anaergia Inc., announced that its subsidiary has signed an agreement to advance a pivotal renewable natural gas (RNG) infrastructure project in the City of Riverside, California. Under this agreement, and subject to certain conditions precedent to financial closing and funding, Anaergia’s development-stage project asset, Riverside Bioenergy Facility, LLC (RivBF), will be sold to a developer with institutional investor funding. RivBF currently has a lease with the City of Riverside that provides for, upon approval of the parties, constructing organic waste-to-RNG infrastructure at the Riverside Water Quality Control Plant (RWQCP).
Anaergia Technologies, LLC, an Anaergia affiliate, is contracted to perform engineering, procurement, and construction (EPC) services for the RWQCP improvements after closing, with a financing commitment by the developer. The EPC services include installing Anaergia’s advanced biogas conditioning and upgrading systems, organic waste feedstock processing systems, and upgrades at the RWQCP.
The majority of the EPC activities are slated to occur in 2026 and 2027, and Anaergia expects to recognize revenue of C$39 million from these activities.
The parties have also reached an agreement on operations and maintenance (O&M) services. Under this arrangement, Anaergia Services, LLC, an affiliate of Anaergia, will provide O&M services to RivBF after the completion of EPC activities, under a long-term agreement.