One of Asia’s largest diversified real estate groups honors Renewable Energy Pioneer as the most innovative startup, the top award of the competition. Pilots to be launched in Asia to help achieve CapitaLand’s sustainability KPIs.
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, today announced that it received the special recognition, “Most Innovative Award” honor by CapitaLand at the CapitaLand Sustainability X Challenge Demo Day, the top recognition for this competition. As part of this Award, Enexor receives non-dilutive funding to fund commercial pilots across CapitaLand’s global real estate portfolio.
The CapitaLand Sustainability X Challenge Demo Day concluded a 4-month search sponsored by CapitaLand, one of Asia’s largest real estate groups, focused on identifying top global sustainability startups and innovative solutions that best address the pressing sustainability challenges affecting their portfolio and will enable them to achieve their 2030 Sustainability Master Plan. 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 ultimately selected 10 startups out of 1,000+ that initially applied to present at this Demo Day event in front of top Singaporean Governmental Officials, Venture Capital Funds, and CapitaLand leadership including CapitaLand’s CEO, Ms. Lynette Leong and Singapore’s Senior Minister of State for Sustainability and the Environment, and Manpower, Dr. Koh Poh Koon.
Following its presentation, Enexor BioEnergy received special recognition by receiving the “Most Innovative Award,” the top award of this competition, and funding to launch a pilot at one of CapitaLand’s commercial developments in Asia.
“As one of the largest commercial real estate property owners across Asia, we are excited to partner with CapitaLand to launch pilots to help them achieve their 2030 Sustainability Master Plan, stated Enexor Founder and CEO Lee Jestings. “From business parks and industrial complexes to shopping malls and large hotels and resorts, CapitaLand’s portfolio is well positioned to benefit from our Bio-CHP converting their 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.
CapitaLand Group (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered in Singapore, CapitaLand’s portfolio spans across diversified real estate classes which include integrated developments, retail, office, lodging, residential and new economy sectors such as business parks, industrial, logistics and data centres. With a presence across more than 250 cities in over 30 countries, the Group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA. More at www.capitaland.com
SVP, Enexor BioEnergy