US investor group acquires minority stake in Italian biogas tech firm
BTS Biogas has announced that it has raised over US$2 million of funding with a new US-based investor group led by Virtual Equity Partners, LLC.
Italy-headed BTS Biogas, a global biogas and allied technology developer and supplier, has revealed that it has raised over US$2 million with a new US-based investor group led by Virtual Equity Partners, LLC.
According to a statement the new funding will fuel the acceleration of its research and development, and enable strategic expansion of the company’s European and international sales and marketing footprint.
Since its founding in 2008, BTS Biogas has been a major catalyst in the global growth and acceptance of biodigester technology and research. It has built over 200 biogas plants in Italy making it the largest player.
In recent years, it has expanded to operate in other EU countries with installations in Czech Republic, France, Poland and UK as well as Switzerland. In addition the company has signed construction deals in Japan and Thailand.
– Virtual Equity Partners is excited about its investment in BTS Biogas due to the enormous market opportunity represented by the biological transformation of organic waste to energy, and the innovative technical work it has done from a research and development perspective. The company offers a unique approach to plant automation and optimisation. We believe they have the best plant technology, highest safety standards and the most sophisticated support operation in the world. How often can you improve a company’s top and bottom line while simultaneously generating clean energy, remove greenhouse gases from the atmosphere and return valuable organic nutrients to the soil? said Shawn Kreloff, Managing Partner at Virtual Equity Partners in a statement.
– As a group of scientists, the BTS Biogas team has found a way to not just help our customers with the most efficient plant technology, but to simultaneously make a real impact on reducing pollution and providing organic soil amendments. As a clean energy and organic fertiliser company, BTS Biogas is uniquely positioned to empower our customers and partners to generate extraordinary revenue while simultaneously improving the air, water and soil quality, said Michael Niederbacher, CEO and Founder of BTS Biogas.