- Waste-to-energy leader Anaergia (TSX:ANRG) signed a binding C$184 million contract with a top Spanish renewable gas infrastructure provider
- The deal, Anaergia’s largest to date, will see the company provide services, technology and equipment for more than 15 new biomethane production plants across Spain
- Anaergia’s improving financials are fueling its stock’s more than 250 per cent return year-over-year
Waste-to-energy leader Anaergia (TSX:ANRG) signed a binding C$184 million contract with a top Spanish renewable gas infrastructure provider. The deal, Anaergia’s largest to date, will see the company provide services, technology and equipment for more than 15 new biomethane production plants across Spain.
This content has been prepared as part of a partnership with Anaergia Inc., and is intended for informational purposes only.
Key tasks include the construction of concrete tanks with Triton digesters, Anaergia’s proprietary technology to enhance the processing of agricultural waste into energy, as well as the supply of advanced mixing systems, among other critical components.
Anaergia will begin work on the new contract in August, with all biomethane plants involved expected to contribute to Spain’s gas pipeline within 48 months.
The contract is the latest among hundreds of projects Anaergia has delivered over the past decade, and more than 1,500 resource recovery plants it has brought online since inception more than 30 years ago, gradually establishing itself as one of the top waste-to-energy companies in the world, reducing greenhouse gas emissions and producing carbon-negative fuel through an end-to-end solutions suite spanning solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, as well as biomethane production.
Following a leadership refresh in June 2024, including a renewed focus on capital-efficient growth, the company has posted solid financials indicative of early success, achieving 36.7 per cent revenue growth year-over-year (YoY), supported by 152.7 per cent growth in gross profitability, lower-trending debt and operating expenses, and backlog growth from C$104 million in Q4 2024 to C$243 million in Q2 2025.
Assaf Onn, Anaergia’s chief executive officer, summed up the turnaround in the Q2 2025 news release, stating that “we are enthusiastic about the ongoing transition and remain confident that the most promising developments are yet to come.”
Supported by long-term capital from Marny Investissement, its majority shareholder, Anaergia has gone on to add C$227.8 million in new contracts since Q2, including Monday’s announcement, making the company one to watch, should new leadership continue to demonstrate growth in line with profitability.
Investors, for the moment, like what they’re seeing, lifting Anaergia stock (TSX:ANRG) by 29.71 per cent since the record-setting contract and by 258 per cent year-over-year. Shares last traded at C$1.79.
Leadership insights
“This agreement marks a significant milestone in advancing Spain’s renewable energy sector, fostering economic growth and environmental sustainability. The scale of this historic agreement for Anaergia highlights the advantages of our strategic focus on leveraging proprietary technologies for the benefit of our customers, and underscores our growing presence and activities in Europe,” Onn stated in Monday’s news release. “We are most excited about this opportunity to demonstrate the value of our innovative solutions and to support the global transition to renewable energy.”
About Anaergia
Anaergia is a renewable natural gas (RNG) technology company holding more than 250 patents on the conversion of organic waste into sustainable solutions, such as RNG, fertilizer and water.
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