Anew Climate Expands Access Across Canada And U.S. Low Carbon Fuels Markets

Anew Climate, LLC, a prominent provider of climate solutions worldwide, has announced a significant rebranding of BrightSide Solutions as Anew Canada Low Carbon Fuels, Inc. This development follows the acquisition of BrightSide by Anew in mid-2022, a move that has notably enhanced the company's market presence. Since the acquisition, Anew Canada LCF has seen substantial growth, expanding its capabilities to support customer engagement with Canada's Clean Fuel Regulations. The company has also seen an increase in its renewable natural gas (RNG) project portfolio and has boosted credit creation through the supply of low carbon electricity, electric vehicle (EV) charging, and clean hydrogen.

Angela Schwarz, CEO of Anew Climate, expressed enthusiasm about the progress made in expanding the Canadian low carbon fuels sector. She highlighted Anew's comprehensive coverage and expertise across North American low carbon fuel markets as a key factor in optimizing value and reducing risk for customers. This strategic positioning is aimed at furthering Anew's mission to diminish industrial and transportation-related pollution.

Anew Canada LCF has achieved significant milestones recently, including the creation of over 40,000 CFR credits from low carbon fueling activities during 2022 and 2023. These credits stem from various sources such as EV charging, compressed natural gas (CNG), renewable natural gas (R-CNG) dispensing, RNG production, and biodiesel imports. Furthermore, the company played a crucial role in facilitating GrowTEC’s RNG offtake deal, providing comprehensive services to enhance project economics and support new project financing.

In addition to domestic achievements, Anew is fostering cross-border RNG opportunities by engaging with U.S.-based suppliers and assisting Canadian suppliers in accessing U.S. markets. As North America's largest independent marketer of RNG, managing over 35,000 GJs/day from 55 projects, Anew's expansion into Canada is set to open new avenues for reducing emissions and advancing energy transition efforts.

The company has also diversified its portfolio by adding new EV charging customers across Quebec, Ontario, and British Columbia. These efforts encompass a wide range of EV charging solutions for both public and private sectors. Moreover, Anew Canada LCF is exploring opportunities in low carbon hydrogen and sustainable aviation fuel markets while continuing to support Canadian biofuel producers and importers in credit creation and sales.

With an eye on future growth, Anew Canada LCF is actively preparing for BC’s Ministry of Energy Mines and Low Carbon Innovation’s 2024 Call for Initiative Agreement Proposals. The company's proactive approach has already assisted customers with successful applications in the 2020 Call for Proposals, securing approximately $80 million in capital.

Andy Brosnan, President of Anew Climate Low Carbon Fuels, reaffirmed the company's commitment to delivering innovative low carbon fuel solutions that have a positive environmental impact. Brosnan expressed excitement about operating under the Anew brand and the continued dedication to providing top-tier service to clients.

About Anew Climate: A global leader in diverse climate solutions, Anew Climate is committed to transparency and accountability. The company offers innovative products and services designed to reduce or offset carbon footprints, restore the environment, and ensure investments create both economic value and lasting climate impact. With a deep understanding of market dynamics, Anew leverages both technological and nature-based solutions to generate environmental credits across various markets. Majority-owned by TPG Rise, TPG’s global impact investing platform, Anew operates offices in the U.S., Canada, Spain, Hungary and manages an environmental commodities portfolio spanning five continents.