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August 24, 2021

BorgWarner invests in renewable energy company

Investment supports BorgWarner’s carbon footprint reduction efforts.

By David Leggett

BorgWarner says it is expanding the breadth of its sustainability business activities by investing in Enexor BioEnergy, LLC, a company that provides on-site, renewable energy and carbon conversion solutions to help solve the world’s organic waste and plastic waste problems. Through a $10 million dollar investment, BorgWarner has secured a minority stake in the company.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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Enexor’s patented and modular Bio-CHPTM system uses locally sourced organics or plastic waste to generate clean onsite energy and can be rapidly deployed in nearly any setting. According to Enexor, each system can reduce up to 1,000 metric tons of CO2 equivalent emissions annually by reducing methane emissions released from landfills, offsetting fossil fuelbased power generation, and reducing waste disposal transportation emissions.

“We have been impressed with the dedication and eco-friendly vision of the Enexor team and believe this investment is a natural extension of our comprehensive technology portfolio and actions we have already taken as part of our commitment to achieving carbon neutrality by 2035,” said Joseph Fadool, Vice President of BorgWarner Inc. and President and GM, Emissions, Thermal and Turbo Systems. “We see immense opportunity for our collaboration with Enexor and are excited to see the impact its solutions, and our investment, will have on the future of renewable power generation and the Earth’s carbon footprint.”

Enexor’s waste-saving solutions align well and utilize BorgWarner’s existing eTurbine product line, which uses the remaining waste heat to generate electrical energy, as well as its industrial inverters through Cascadia Motion (wholly owned by BorgWarner). Together, BorgWarner and Enexor will explore future collaborations, including the potential for further CO2 reduction technologies and supplying battery packs.

“At Enexor, we all share a mutual passion for technological innovation and leaving a lasting legacy that betters humanity for generations long after we are gone,” said Lee Jestings, founder and CEO of Enexor BioEnergy. “We are thrilled to have a company like BorgWarner, that shares the same passion and is driven by a similar mission, invest so heavily in our company. I imagine this partnership will be fruitful for both of our companies and, more importantly, the world.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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