Quinbrook completes acquisition of PurposeEnergy

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Quinbrook Infrastructure Partners has announced its acquisition of US-based renewable fuels and biogas specialist, PurposeEnergy. The company has developed, owned, and operated multiple projects over the past 15 years to convert organic waste streams to biogas for use in industrial processes, conversion to renewable electricity, or refinement to Renewable Natural Gas. The acquisition will provide capital resources, an enhanced commitment to sustainability, and additional strategic relationships to support rapid scale-up to meet the growing demand for renewable fuels. The food industry is an attractive sector for investment set for enormous growth, given more stringent environmental regulations and the critical need for more sustainable solutions for growing food waste.

PurposeEnergy's head office is in New Hampshire, and the company utilizes proprietary methods developed and patented to convert organic waste streams to high-value biogas and RNG that are sold to customers under long-term contracts. It has developed, designed, and built seven projects that support the ESG, business, and decarbonization objectives of some of the largest food and beverage companies in the world. In many cases, this has enabled customers to materially increase production and improve the economics of their core business. While PurposeEnergy has mainly served the food and beverage industries, the company also works with dairies and depacking operations to convert organic waste streams to energy.

Quinbrook's acquisition of PurposeEnergy will boost sustainability and ESG-driven impact, as well as additional strategic relationships to meet the rising demand for renewable fuels. With the food industry's need to comply with more stringent environmental regulations, the partnership is a strategic move to offer more sustainable solutions for food waste management. The acquisition will enable Quinbrook to leverage PurposeEnergy's expertise in the waste solutions sector and its strong track record in developing, designing, constructing, and operating projects that deliver high-impact solutions.

List of the country updates

Country updates

  • April 11, 2023

    Savion enters PPA with Indiana Michigan Power for 100 MW solar PV project in Indiana

    Savion has entered into a Power Purchase Agreement (PPA) with Indiana Michigan Power (I&M), an operating company of American Electric Power for the 100 MW AC solar photovoltaic project l...

    Read more
  • April 11, 2023

    Summit Ridge Energy buys 1.2 GW of solar PV panels

    Summit Ridge Energy has announced a 1.2 GW module order with Qcells, making it the largest equipment purchase in the US community solar market's history. The order also includes 20 MWh of Qcells Geli...

    Read more
  • April 11, 2023

    Sarcos completes pilot project using robots for PV panel installation

    Sarcos Robotics has completed an outdoor field trial of its robotic system for the installation of solar panels called Outdoor Autonomous Manipulation of Photovoltaic Panels. The system combines an au...

    Read more
  • April 05, 2023

    CS Energy, CVE starts construction of 22 MW solar portfolio in New York

    CS Energy and CVE North America have started the construction of a 22 MW solar photovoltaic portfolio consisting of four community solar projects located in Western New York State, USA.  CVE Nor...

    Read more
  • April 04, 2023

    Vestas secures 370 MW turbine order for two wind farms in Minnesota and North Dakota

    Vestas has received an order for two wind projects totaling 370 MW to repower the Pleasant Valley and Border Winds projects owned by Xcel Energy in the USA. The order for the 213 MW Pleasant Valley p...

    Read more

Share this update