- Anaergia (TSX:ANRG) landed a new C$43.8 million contract with existing partner, the East County Advanced Water Purification Joint Powers Authority (JPA) in San Diego, California, to build a turnkey renewable energy facility that runs on organic waste
- Anaergia is a technology company in the renewable natural gas sector
- The renewable energy stock has added 154.44 per cent year-over-year
Anaergia (TSX:ANRG) landed a new C$43.8 million contract with existing partner, the East County Advanced Water Purification Joint Powers Authority (JPA) in San Diego, California, to build a turnkey renewable energy facility that runs on organic waste.
The facility will make use of Anaergia’s anaerobic digestion and combined heat and power technologies, enhancing JPA’s energy resiliency while promoting more efficient and lower-cost operations.
The partnership furthers JPA’s goal of producing up to 30 per cent of East San Diego County’s water from renewable sources.
Friday’s value-accretive news release follows Anaergia’s return to positive adjusted EBITDA in Q3 2025, propelled by revenue of C$51.4 million – up by a staggering 77 per cent year-over-year – and a backlog that has grown exponentially from C$103 million in Q1 2025 to C$287 million to date, suggesting that the company is tapped into the global renewable energy tailwind.
With C$28.83 million in cash as of September 30, 2025, look for leadership to close more deals, generate positive news flow and continue encouraging investors to reward growing market share with stock price momentum.
Management commentary
“This project will serve our ratepayers by reducing our operating costs and enhancing energy resiliency of critical high-quality water infrastructure confronted with rising power costs,” stated Kyle Swanson, general manager and chief executive officer (CEO) of Padre Dam Municipal Water District, which manages JPA’s water purification plant. “We are pleased to continue our successful partnership with Anaergia in delivering both economic and environmental benefits for our community.”
“This new contract underscores the strength of our collaboration with the JPA and demonstrates how Anaergia’s integrated technologies deliver lasting value for essential infrastructure projects,” added Assaf Onn, CEO of Anaergia. “It is another powerful example of how our solutions are helping customers decarbonize operations, advance their clean energy transition objectives and strengthen energy independence.”
About Anaergia
Anaergia is a technology company in the renewable natural gas (RNG) sector. The company holds more than 300 patents on converting organic waste into sustainable solutions such as RNG, fertilizer and water, and offers an end-to-end service suite spanning solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, as well as biomethane production.
Anaergia stock (TSX:ANRG) is up by 8.53 per cent on the news trading at C$2.29 as of 10:01 am ET. The stock has added 154.44 per cent year-over-year.
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