8 years ago

4NEW Raises $30.5 Million to Build Waste to Energy Plant

  • 4NEW, a UK-based company operating Waste to Energy treatment plants, secured $30.5 million in funding from Mirach Capital Group and other investors

  • The funding will be used for the construction and realization of its first plant, which will have a waste processing capacity of 72 tons per day and generate 120 megawatts of power per day

  • The plant will drive annual sales of approximately $5 million USD under current capacity, but 4NEW plans to increase output by 4 times per site as additional funds are raised.

      • ProblemRenewable Energy

      "Waste management is a significant problem worldwide, with millions of tons of waste generated each year. Traditional waste management methods are often inefficient and environmentally harmful, resulting in landfilling, pollution, and greenhouse gas emissions."

      Solution

      "4NEW offers a decentralized, distributed ledger-based Waste to Energy solution that enables the trading of waste and energy transactions. This innovative platform allows businesses to efficiently manage their waste and generate clean energy, reducing environmental impact and creating a more sustainable future."

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