Anaergia Announces Update on Netherlands Arbitral Award

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BURLINGTON, Ontario — Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) is pleased to announce that its subsidiary, Anaergia B.V. (“ABV”), has received payment on behalf of Blue Sphere Brabant B.V. (“BSB”) of €2,728,125 in settlement of the previously disclosed interim arbitral award and in consideration of mutual waiver of claims concerning the turnkey agreement for engineering, procurement, and construction of a biogas installation for the biogas plant (the “Project”) in Sterksel, Netherlands (the “Arbitration”). Pursuant to the settlement agreement, BSB also agreed to additional payments totaling €750,000 to be paid to ABV on or before January 30, 2025.

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Given the uncertainty of collection of its claims in the Arbitration, the Company believes the settlement is a positive conclusion of its involvement in the Project. Please refer to the Company’s news release dated December 12, 2023, for related information.

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About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases (“GHGs”) by cost effectively turning organic waste into renewable natural gas (“RNG”), fertilizer and water through the use of proprietary technologies. With a track record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s most pressing resource recovery challenges using a broad portfolio of proven technologies and multiple project delivery methods. Anaergia is one of the world’s only companies with a proprietary portfolio of end-to-end solutions that integrate solid waste processing as well as wastewater treatment with organics recovery, high efficiency anaerobic digestion, RNG production and recovery of fertilizer and water from organic residuals. The combination of these technologies enhances carbon-negative biogas, clean water and natural fertilizer production, utilizes a minimized footprint and lowers waste and wastewater…