CleanBay Renewables Inc. (CleanBay) today announced it has secured investment from AVG Group Sarl (AVG), a Luxembourg based asset manager with a focus on energy transition technology and green alternatives to fossil fuels. AVG’s investment will help fund CleanBay’s development portfolio of bioconversion facilities across the U.S., recycling poultry litter and repurposing it into natural, controlled-release fertilizer and renewable natural gas (RNG). The capital will also allow CleanBay to explore additional capabilities for its facilities, including green hydrogen and green LNG production, EV charging infrastructure, and carbon capture in the United States, Europe, and Asia.
CleanBay is proud to add AVG Group to our growing list of investors. Not only will AVG help accelerate our efforts in the United States, but it shows that our proprietary process design can be a viable climate solution globally,” said Thomas Spangler, CleanBay’s Executive Chairman. “AVG Group is known for its expertise in the renewable energy sector, and we look forward to bringing even more climate solutions to market together leveraging AVG’s access to Nordic technologies,” added Donal Buckley, CleanBay’s CEO..