Waste-to-value and low-carbon infrastructure advisory and services provider Nexus PMG announced today that it has raised $50 million in a growth equity round aimed at accelerating its services and development efforts.

Nexus PMG provides end-to-end project finance, development and operations services on low—carbon infrastructure projects that reduce carbon intensity and enhance resource efficiency, including sustainable fuels, biomass and other waste-to-value assets, as well as developing greenfield and brownfield projects to create low-carbon and carbon-negative products for tough-to-abate sectors including chemicals and aviation.

To date, the company has supported more than $35 billion worth of low carbon infrastructure projects across 13 countries.

The company said that with the new round of capital, it aims to expand its core service offerings, including front-end engineering and design, development-as-a-service and operational turnaround.

Ben Hubbard, CEO of Nexus PMG, said:

“Today, as corporations and investors strive to meet near- and long-term sustainability goals, we find that most have existing portfolio assets with a waste component that can be valorized. Helping corporates in those waste-to-value asset classes is essential to achieve our larger energy transition goals and now, as an institutionally backed firm, we’re looking forward to expanding our team to meet a growing demand for low-carbon infrastructure subject matter expertise.”

The new funding round was led by an affiliate of green energy investment manager Greenbacker Capital Management, and included participation from the Ontario Power Generation (OPG) Pension Fund and Liberty Mutual Insurance.

Quinn Pasloske, a Principal at Greenbacker, said:

“Nexus PMG’s strategy of consulting for, and directly developing in, the waste-to-value space is an attractive, high-growth proposition. The transformation of our waste infrastructure and the production of low-carbon fuels is a critical component of the global energy transition, but the assets are challenging. Nexus PMG is well-equipped to assist clients in navigating those complexities while advancing its independent platforms and assets.”

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