Bureau Veritas Consumer Products Services | May 27, 2022
Bureau Veritas Consumer Products Services (Bureau Veritas), a global leader in testing, checking, advisory, and certification services, has agreed to provide conformity assessment services to TerraCycle to check the company's recycling operations and adherence to the Textile Exchange's Recycled Claim Standard.
"I am pleased to report that Bureau Veritas has granted certification to TerraCycle for the Recycled Claim Standard (version 2.0) for two of the waste streams in their U.S. operations. TerraCycle's demonstrated conformance to the Recycled Claim Standard is a testament to TerraCycle's competence and commitment within the recycling industry."
-Chuck Rogers, Americas Director, Technical Consulting and Supply Chain Solutions, Bureau Veritas
The Recycled Claim Standard (RCS) is a set of rules and regulations for third-party certification of recycled input and chain of custody based on material mass balance metrics. Bureau Veritas evaluated TerraCycle's current supply chain, recycling process, operating processes, and associated sub-contractors for RCS compliance for mixed flexible packaging and mixed rigid packaging to gain this certification.
"Starting in 2020, TerraCycle began working with Bureau Veritas to define, conduct, and complete independent audits of our US supply chain,"
- Tom Szaky, Founder and CEO of TerraCycle.
They have already been certified in the United States for two main material categories, and they want to repeat this procedure for additional waste streams around the world by 2022. This certification from a global leader in their industry gives our partners extra assurance that the material they send us is never turned into energy or buried in landfills.
GreenPower Motor Company Inc. | May 24, 2022
GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, announces that through its wholly owned subsidiary EA Green-Power Pvt Ltd. has entered into a joint venture with the Jupiter Wagon Group ("Jupiter") to bring select GreenPower all-electric vehicles to the Indian market.
Jupiter is a premier manufacturer of railway wagons, passenger coaches, wagon components and castings in India with customers such as the Ministry of Defence, Ministry of Shipping, Tata Motors, VOLVO Eicher Motors, Bharat Benz and Avia Motors. Jupiter owns manufacturing facilities across India.
"GreenPower has joined forces with Jupiter Wagon Group to bring GreenPower's EV Star CC to the Indian Market, We are excited to work with Jupiter to conform (homologate) a right-hand-drive version of the vehicle that is already proven and popular in North America. Both GreenPower and Jupiter believe that this zero-emission, battery electric platform is exactly what is needed for India to both provide a clean air solution and a cost-effective way to move people and goods. This collaboration leverages the proven EV prowess of GreenPower and the manufacturing and distribution strength of JWL."
-Brendan Riley, GreenPower President.
GreenPower's EV Star Cab and Chassis Right Hand Drive (EV Star CC RHD) is a purpose-built multi-utility zero-emissions vehicle with a standard battery pack of 62.5 kWh providing a payload of 4,095 kilograms with a range of 150 kilometers or an optional battery pack of 118 kWh providing a payload of 3,675 kilograms with a range of 250 kilometers. GreenPower's EV Star Cab and Chassis accommodates a wide variety of mid and last-mile delivery needs while maintaining the benefits of being a zero-emission vehicle.
"We've recently opened our office in Hyderabad and are excited to be working with Jupiter to demonstrate the EV Star CC RHD to the Indian market, which is an untapped market for medium and heavy duty all-electric vehicles."
-Priyankar Balekai, Vice President, Global Trucks for Greenpower
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020.
Vanguard Renewables | July 22, 2022
Vanguard Renewables, a U.S. leader in organics-to-renewable energy, announced that a fund managed by BlackRock Real Assets has acquired the company from Vision Ridge Partners. BlackRock Real Assets will partner with Vanguard Renewables’ management team to build upon the company’s market-leading track record and drive its next phase of growth, including its plans to commission more than 100 anaerobic digesters to produce renewable natural gas across the country by 2026.Since its founding by John Hanselman and Kevin Chase in 2014, Vanguard Renewables has been changing the perception of U.S. food waste and how that waste can be recycled into renewable energy to benefit the planet. The company mitigates greenhouse gas emissions from food waste and cow manure through two distinct business lines: Vanguard Organics and Vanguard Ag.
Vanguard Organics’ Farm Powered® anaerobic codigestion process converts inedible food and beverage waste and dairy manure into renewable natural gas and liquid low-carbon fertilizer. Vanguard Ag, developed in partnership with Dominion Energy in 2019, converts manure into renewable natural gas. This multi-year partnership is essential to Vanguard Ag’s growth and Dominion Energy’s commitment to further its ESG goals via significant investments in renewable natural gas projects.
We are pleased to invest in Vanguard Renewables, a leading producer of renewable natural gas from agriculture and organic food waste in the U.S., supported by long-term contracts,” said Mark Florian, Head of Diversified Infrastructure, BlackRock Real Assets. “Renewable natural gas is an attractive and fast-growing market that provides decarbonization solutions for both the provider of the waste, as well as the natural gas consumer. We look forward to partnering with Vanguard Renewables’ experienced management team to support the company’s strong growth momentum.
“Today is the beginning of an exciting next chapter for Vanguard Renewables as we scale our Farm Powered® program across the nation. We are thankful for the steadfast support of Vision Ridge over the past eight years and look forward to our new partnership with BlackRock Real Assets, one of the world's most forward-thinking and environmentally-focused investors, as we continue to develop solutions to protect our planet.”
-Neil H. Smith, Chief Executive Officer at Vanguard Renewables
Since our investment in Vanguard Renewables in 2014, we have worked closely with Neil, John, Kevin, and the entire team to enable them to grow the company from its modest beginnings into the national leader in the development of organics-to-renewable energy projects,” commented George Polk, partner at Vision Ridge Partners. “We are proud to have helped build Vanguard Renewables into an unmatched RNG platform pioneering a decarbonizing pathway in the U.S. while generating strong returns for Vision Ridge investors, and are pleased to transition ownership to a likeminded investor, BlackRock Real Assets.
John Hanselman, Founder and Chief Strategy Officer at Vanguard Renewables, concluded, “I am immensely proud to have helped build a company from the ground up into a national organic waste-to-renewable energy leader. Vanguard Renewables’ mission has always been to help America realize a future where waste is a resource for renewable energy generation and regenerative agriculture practice.”
Onpeak Capital LLC served as the exclusive financial adviser to Vanguard Renewables. Evercore served as exclusive financial adviser and Simpson Thacher, & Bartlett served as legal counsel to BlackRock Real Assets. Ropes & Gray LLP served as legal counsel to Vision Ridge Partners.
About Vanguard Renewables
Vanguard Renewables, based in Wellesley, Massachusetts, is a national leader in developing food and dairy waste-to-renewable energy projects. The Company owns and operates on-farm anaerobic digester facilities in the northeast and currently operates manure-only digesters in the south and west for Dominion Energy. Expansion plans include more than 100 anaerobic digestion facilities by 2026. Vanguard Renewables is committed to advancing decarbonization by reducing greenhouse gas emissions from farms and food waste and supporting regenerative agriculture on partner farms through anaerobic digestion. To learn more about the Company, its energy partners, and the Farm Powered Strategic Alliance, visit www.vanguardrenewables.com.
About BlackRock Real Assets
In today’s dynamic and complex global investing market, BlackRock Real Assets seeks to help clients access real assets that could help meet their investment goals by providing a distinct range of well defined, outcome orientated strategies, along the investment risk-return spectrum.
BlackRock Real Assets’ dedicated teams of industry and sector specialists deliver global reach, with deep local expertise. They have decades of relevant experience, are deeply embedded in their operating industries by sector and geography and have developed strong partnership networks over time. BlackRock’s culture of risk management, knowledge sharing and investment discipline sets BlackRock Real Assets apart and underpins all that they do. With over 400 professionals in 30 offices managing over $70 billion in client commitments as of June 30, 2022, BlackRock Real Assets partners with clients to provide solutions tailored to individual portfolio needs such as income, growth, liquid or balanced real assets outcomes.
About Vision Ridge Partners
Vision Ridge Partners is a preeminent investor in sustainable real assets that seeks to deliver superior financial returns while driving positive environmental impact. Founded by Reuben Munger and joined by partners Justin Goerke and George Polk, Vision Ridge manages approximately $2.5 billion, as of December 31, 2021, across its three funds and associated co-investments. Vision Ridge has offices in Colorado and New York. For more information visit https://vision-ridge.com.