Casella Waste Systems, Waga Energy Sign Commercial Agreement To Develop Renewable Natural Gas Facilities At Three Casella Landfills
Portfolio Pulse from Benzinga Newsdesk
Casella Waste Systems has signed a commercial agreement with Waga Energy to develop renewable natural gas facilities at three Casella landfills. Waga Energy will fund the construction and operate the infrastructure, while both companies will share the revenue generated from the facilities.
July 10, 2023 | 8:31 pm
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POSITIVE IMPACT
Casella Waste Systems has entered into a partnership with Waga Energy to develop renewable natural gas facilities. This could potentially increase the company's revenue stream.
The partnership with Waga Energy allows Casella Waste Systems to diversify its operations and potentially increase its revenue. As Waga Energy is funding the construction, Casella's financial risk is minimized. This news is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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IMPORTANCE 70
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