Nexus PMG, a Dallas, TX-based waste-to-value and low-carbon infrastructure company, raised $50M in Growth funding.
The round was led by an affiliate of Greenbacker Capital Management LLC, with participation from the Ontario Power Generation Pension Fund and Liberty Mutual Insurance.
The company intends to use the funds to expand its existing core service offerings including front-end engineering and design, development-as-a-service and operational turnaround, hire additional talent and expand its offerings and client base.
Led by CEO Ben Hubbard, Nexus PMG focuses on providing advisory services to infrastructure investors by delivering technical, operational and financial diligence on projects that reduce carbon intensity and enhance resource efficiency. Its integrated business lines provide end-to-end services within each targeted sector including development; preliminary engineering; contract structuring; engineering, procurement and construction (EPC); commissioning and startup; operational readiness and process improvement.
Nexus also leverages its knowledge to develop greenfield and brownfield assets across North America, creating low-carbon (or even carbon-negative) products to reduce the emissions of tough-to-abate sectors like chemicals production and aviation.
The company also develops assets through two separate subsidiaries:
- Nexus W2V, which focuses on converting organic waste streams into renewable natural gas, compost products and biochar; and
- Pathway Energy, which focuses on the production of ultra-low-carbon intensity sustainable aviation fuel by leveraging carbon sequestration.
Both subsidiaries are developing greenfield infrastructure assets and expect to commercialize these assets over the next several years.
Today, Nexus PMG serves upwards of 100 investors, developers and corporations that collectively have more than $300 billion of energy transition assets under management and more than $1 trillion of global assets under management. To date, the company has supported various stages of development and execution on more than $35 billion worth of low-carbon infrastructure projects across 26 U.S. states, 13 countries and five continents.
FinSMEs
11/07/2023