Waga Energy / FR0012532810
21.05.2024 - 07:00:11Waga Energy, Steuben County, and Corning Natural Gas inaugurate an innovative RNG production unit at the Bath Landfill in New York
| Waga Energy 21-May-2024 / 07:00 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Steuben County, Waga Energy and Corning Natural Gas officially inaugurate an innovative RNG production unit at the Bath Landfill in New York On Thursday May 16th, 2024, Kelly Fitzpatrick, Chairwoman of Steuben County, Guénaël Prince, CEO of Waga Energy Inc., and Mike German, CEO of Corning Natural Gas, inaugurated the first WAGABOX® Renewable Natural Gas (RNG) production unit at the Steuben County Landfill in Bath, New York. Approximately 80 people attended the ceremony, which included a tour of the WAGABOX® facility and a tour of the landfill. This WAGABOX® unit commenced operations on March 15th, 2024, and will deliver up to 207,000 MMBtu (60 GWh) of RNG annually into the Corning Natural Gas network. The RNG produced replaces fossil derived fuels and is supplying the equivalent of 4,000 households annually with clean, local, and renewable energy, avoiding an estimated 13,500 tons of carbon dioxide equivalent emissions per year. Corning Natural Gas, the local gas utility servicing the region, constructed the gas interconnect for this project and accepts the gas produced into its existing gas distribution system. Steuben County is the first municipality in the United States to utilize Waga Energy’s WAGABOX® technology to upgrade its landfill gas into RNG. A result of 15 years of research and development, the WAGABOX® technology revolutionizes landfill gas upgrading through cryogenics. It maximizes the renewable energy production of landfills by producing pipeline-quality RNG, regardless of the landfill gas variations in flow rate and nitrogen concentration. Waga Energy now operates 23 WAGABOX® units worldwide with 14 more under construction. Waga Energy will operate and maintain the WAGABOX® unit under a 20-year agreement with Steuben County. The project will generate revenue by selling RNG to a private offtaker through a purchase agreement. The revenue generated will be shared with the county. The municipal solid waste landfill in Bath is authorized to dispose of 280,000 tons of waste per year. In July 2020, the County solicited proposals for a landfill gas utilization project. Waga Energy was selected as the preferred developer for the RNG project and has fully delivered on the project. Kelly R. Fitzpatrick, Steuben County Legislature Chair, R-Bath Town, said: "This is a wonderful day for us and for future generations. Steuben County is proud to partner with Waga Energy and CNG to bring this project into reality." Guénaël Prince, CEO of Waga Energy Inc. (USA), said: “This joint project with Steuben County and Corning Natural Gas represents a major milestone in the fight against climate change and for the energy transition.” Mike German, CEO of Corning Natural Gas, said: “We are delighted to be a part of this project that is bringing advanced clean technology to Steuben County.” About Steuben County Established March 18, 1796, Steuben County covers 1,397 square miles with a population of approximately 94,000 people living in rural agricultural areas, quaint small towns, and small city communities. About Waga Energy Waga Energy (EPA: WAGA) produces competitively priced Renewable Natural Gas – RNG – (also known as “biomethane”) by upgrading landfill gas using a patented purification technology called WAGABOX®. The RNG produced is injected directly into the gas distribution networks that supply individuals and businesses, providing a substitute for fossil natural gas. Waga Energy finances, builds and operates its WAGABOX® units under long-term contracts with landfill operators for the supply of raw gas, and generates income by selling the RNG it produces or by offering a purification service. Waga Energy operates 24 units (owned or sold) in France, Spain, Canada and the USA, representing an installed capacity of 940 GWh per year (3,207,400 MMBtu). Each project initiated by Waga Energy contributes to the fight against global warming and helps the energy transition. Waga Energy is listed on Euronext Paris. About Corning Natural Gas Established in 1904, Corning Natural Gas Corporation is a local, natural gas distribution company with 425 miles of mains that sells or transports natural gas to approximately 15,000 customers. Gas deliveries are made across 23 towns and villages, over 400 square miles, throughout the Southern Tier and Central regions of New York State. CNGC prioritizes safety, reliability, and superior customer service. They continue to be the focus of management and employees as they work each day to improve the value provided for their customers. Press Contacts:
Regulatory filing PDF file File: Download the PR |
| Language: | English |
| Company: | Waga Energy |
| 5 Rue Raymond Chanas | |
| 38320 Eybens | |
| France | |
| Phone: | (33) 772 771 185 |
| E-mail: | laurent.barbotin@waga-energy.com |
| Internet: | www.waga-energy.com |
| ISIN: | FR0012532810 |
| Euronext Ticker: | WAGA |
| AMF Category: | Inside information / Other releases |
| EQS News ID: | 1906983 |
| End of Announcement | EQS News Service |
1906983 21-May-2024 CET/CEST
