Edmonton-based subsidiary of Green Transition Holding Varme Energy has signed a Memorandum of Understanding with a major industrial partner to pursue the development of a waste-to-energy facility with integrated carbon capture in the Alberta Industrial Heartland. The agreement will allow the partners to move forward in identifying a suitable site for the facility, framework for a long term energy agreement, and establishes the requirements for a CO2 solution on site. The establishment of a waste-to-energy facility in the Industrial Heartland could lead to the processing of up to 150 000 tonnes of waste per year from the Edmonton region, with up 200 000 tons annually of carbon emissions from combustion captured and stored.

Varme Energy is the Canadian subsidiary of Green Transition Holding, a Norway-based company with extensive experience developing waste-to-energy facilities in Europe. Varme Energy is bringing that wealth of experience to Canada to develop leading edge waste-to-energy facilities with carbon capture and storage that can generate energy and feed district energy systems while eliminating methane emissions from landfills. This recent MoU builds more momentum behind Varme's work to bring industrial-scale waste-to-energy to Alberta.

It comes on the heels of the recent establishment of a working committee with Ermineskin Cree Nation to explore investment opportunities, the launch of Varme's first round of fundraising, and a growing list of agreements with municipalities and companies throughout Alberta.