Ancala Partners has acquired a majority interest in Noventa Energy Partners, a global renewable-energy company that provides a full suite of services to decarbonize the heating and cooling of buildings. Financial terms were not disclosed.
Noventa develops customized wastewater energy-transfer systems (WET), anchored by the HUBER ThermWin technology, that harness the thermal energy in wastewater to provide heating and cooling without scope-1 greenhouse-gas emissions. Noventa’s solutions also reduce scope-2 emissions by using electricity more efficiently for cooling. The WET systems are delivered through an energy-as-a-service model that helps building operators to manage capital and operating costs. On average, Noventa’s solutions reduce building carbon emissions from heating by more than 70 percent. Noventa has an existing pipeline of projects across Canada, the United Kingdom and the United States.
Later this year, Noventa plans to commission the first phase of it
