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Plug and Play Selects Enexor BioEnergy to Join Energy and Sustainability Accelerator to Catalyze Expansion Into Asia

12/02/2021 | 11:00am EST

Top industry Accelerator and Tech Center selects Renewable Energy Pioneer to launch pilots throughout Asia to increase energy access and solve organic and plastic waste problems

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 has been selected into the prestigious Plug and Play Energy and Sustainability Accelerator to launch renewable energy pilots with corporations across Asia.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211202005715/en/

Enexor CEO Lee Jestings with a Bio-CHP unit at the company's headquarters in Franklin, TN. (Photo: Business Wire)

Enexor CEO Lee Jestings with a Bio-CHP unit at the company's headquarters in Franklin, TN. (Photo: Business Wire)

Plug and Play’s Energy and Sustainability Accelerator is a 3-month program sponsored by the Plug and Play Tech Center (“Plug and Play”), the world’s largest early-stage investor, accelerator, and corporate innovation platform which has been recognized as the “most active Silicon Valley venture capital firm” and was an early investor in Google, PayPal, and Dropbox. This Accelerator will match Enexor with industry leading Asian energy and industrial corporations. This selection builds on Enexor’s relationship with Plug and Play Asia Pacific which in 2020 selected Enexor BioEnergy as a winner of its Asia-Pacific Travel & Hospitality program sponsored by The Asian Development Bank and The Pacific Asia Travel Association.

“We are excited to partner with major corporations and hospitality/resort operators across Asia who desire to reduce their Carbon and Plastic Footprint while gaining greater access to renewable energy,” stated Enexor Founder and CEO Lee Jestings. “Our goal is to install 100MW+ of distributed, renewable energy in Asia while diverting millions of tons of organic and plastic waste from ending up in landfills, rivers, or oceans.”

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 an exciting year for Enexor, which saw it quickly being recognized across the world as a leading renewable energy solution to combat Climate Change. Notably honors in 2021 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.

About Plug and Play Tech Center

Plug and Play Tech Center is the world's largest early-stage investor, accelerator, and corporate innovation platform with global headquarters in Sunnyvale, California in the Silicon Valley. Plug and Play runs two programs per year in each industry and location (totaling 50 accelerator programs per year) and was recognized as the “most active Silicon Valley venture capital firm” by Silicon Valley Business Journal. Plug and Play were early investors in Google, PayPal, Dropbox, LendingClub, N26, Soundhound, Honey, Kustomer, and Guardant Health. The company has offices in over 30 locations around the world from Sunnyvale to Tokyo. More at www.plugandplaytechcenter.com/


ę Business Wire 2021
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