Anaergia to Provide Advanced Technologies for Two Anaerobic Digestion Facilities in Italy Being Developed by QGM

Anaergia Inc. (“Anaergia”, the “Company”, “us”, or “our”) (TSX:ANRG) (OTCQX:ANRGF), through its subsidiary, Anaergia S.r.l., has signed contracts with entities owned by QGM S.á.r.l. (“QGM”) for the building of two new biomethane production plants in Italy. Anaergia S.r.l. will serve as the engineering, procurement, and construction (“EPC”) contractor for both projects, providing state-of-the-art equipment to support biomethane production at the new facilities in Copparo and in Derovere, in northern Italy.

These plants, like other global projects, will leverage Anaergia’s cutting-edge anaerobic digestion technologies to produce renewable biomethane from various types of agricultural wastes, supporting Italy’s ongoing commitment to sustainability and decarbonization. Each of the plants are to treat more than 50,000 metric tons per year, converting the organic waste into more than 4,000,000 m³/h of methane.

Both plants are expected to be fully constructed and able to provide renewable biomethane to Italy’s gas pipeline grid by mid-2026. Anaergia's total contracted value for these two projects exceeds C$46 million.

“Quercus Real Assets Limited (“Quercus”) leadership is committed to investing responsibly in order to achieve strong and sustainable income and capital returns while maintaining a carbon-positive approach. We are therefore enthusiastic about partnering in these two new facilities,” said Diego Biasi, Co-Founder and CEO of Quercus, a partner in QGM.

“Sustainability and the decarbonization of hard-to-abate industries are deeply ingrained in the values of Elionia Limited (“Elionia”), and we are thrilled that these two new facilities will positively influence Italy’s future, both environmentally and in terms of energy supply,” said Danilo Fumarola, CEO and Founder of Elionia, also a partner in QGM.

“Italy has emerged as a global leader in converting organic waste into renewable energy,” said Assaf Onn, CEO of Anaergia. “With the development of these two significant facilities, QGM becomes a leading developer of sustainable projects in this vital market.”

About Quercus Real Assets

Quercus Real Assets Limited is a renewable energy specialist focused on energy transition investments, with offices in London and Dubai.

Diego Biasi and Simone Borla founded Quercus by establishing a Luxembourg-based fund which successfully completed over €1bn in gross investments from inception in five different successful strategies. In January 2020, Diego Biasi started to steer Quercus's business in response to the evolution of the energy sector into a more diversified strategic investment approach. Quercus has successfully completed over 40 deals up to date.