One of Asia’s largest diversified real estate groups has awarded the Renewable Energy Pioneer as the most innovative startup. Pilot to be launched in Asia to help achieve CapitaLand’s 2030 Sustainability Master Plan targets.
FRANKLIN, Tenn. (August 2nd, 2022) – Enexor BioEnergy, LLC, of Franklin, Tenn., manufacturer of a renewable energy and carbon conversion solution to help solve the world’s organic, biomass, and plastic waste problems, announced today that it has received the special recognition “Most Innovative” award by CapitaLand at the CapitaLand Sustainability X Challenge (CSXC) 2022 Demo Day. As part of this Award, Enexor will receive non-dilutive funding to testbed its innovation at selected CapitaLand properties worldwide.
The CapitaLand Sustainability X Challenge 2022 Demo Day concluded a 4-month search organized by CapitaLand, one of Asia’s largest diversified real estate groups. CSXC identifies promising global sustainability startups and innovative solutions with the potential to best address the pressing sustainability challenges in the built environment, enabling CapitaLand to achieve its 2030 Sustainability Master Plan targets. Focused on the four themes of 1) Low Carbon Transition, 2) Water Conservation & Resilience, 3) Waste Management & Circular Economy, and 4) Healthy & Safe Buildings, CapitaLand selected 10 startups out of more than 340 submissions to pitch during Demo Day to an audience comprising Venture Capital Funds, leading industry experts and CapitaLand’s leadership team. Singapore’s Senior Minister of State for Sustainability and the Environment, and Manpower, Dr. Koh Poh Koon, was the event’s Guest-of-Honour.
Following its pitch, Enexor BioEnergy was given special recognition by being presented the “Most Innovative” award and funding to testbed its innovation at selected CapitaLand properties worldwide.
“We are excited to be chosen by CapitaLand, one of Asia’s largest diversified real estate groups, to testbed innovations that can create a better-built environment,” stated Enexor Founder and CEO Lee Jestings. “CapitaLand’s well-diversified portfolio comprising integrated developments, retail, office, lodging, residential, business parks, industrial, logistics and data centres assets will provide good testbeds for our Bio-CHP, which can convert organic and plastic waste streams into renewable energy to power their operations.”
Enexor’s patented Bio-CHP system converts almost any organic, plastic or biomass waste into reliable, renewable power and thermal energy while concurrently reducing carbon emissions, creating carbon and plastic credits, and ultimately mitigating climate change. Modular and easily transportable, the plug-and-play design of this powerful system allows for quick deployment and on-site mobilization in most places around the world. Enexor’s unique business model also enables immediate cost savings and environmental sustainability for its customers.
This selection builds on Enexor’s tremendous growth, which has seen it quickly being recognized across the world as a leading renewable energy solution to combat climate change. Notably, honors have included securing a large Series A investment from BorgWarner Inc. (NYSE: BWA), being selected into the 100+ Accelerator sponsored by AB InBev (NYSE: BUD), Unilever (NYSE: UL), Coca-Cola (NYSE: KO), and Colgate-Palmolive (NYSE: CL), Google’s (NASDAQ: GOOGL) Climate Change Accelerator, Halliburton Company’s (NYSE: HAL) Clean-Tech Labs Accelerator, and winning the United Nations World Tourism Sustainable Development Goals Startup Competition out of 10,000 applicants from 138+ countries.
About Enexor BioEnergy
Enexor BioEnergy provides on-site, renewable energy and carbon conversion solutions to help solve the world’s organic waste and plastic waste problems. Enexor’s patented bioenergy system derives value from organic and plastic waste by producing 24/7 continuous power and thermal energy for facilities and microgrids worldwide. Enclosed within a 20-foot custom shipping container, the Bio-CHP systems are designed to be deployable next to a retail store in the United States, hurricane-exposed areas in the Caribbean or a village in Africa. Enexor manufactures its systems at its headquarters in Franklin, Tenn., a Nashville suburb. More at www.enexor.com.
SVP, Enexor BioEnergy