Wasted Inc.

Wasted Inc. is rated 3 out of 5 in the category renewables & environment. Read and write reviews about Wasted Inc.. Wasted Inc is a renewable energy enterprise converting biodegradable waste into biogas for rural and off-grid electrification via mini-grid system. From experience on two biogas to power project in Nigeria, Wasted Inc has developed a sustainable and scalable operation by considering the following: (1) placing biogas facilities near a large-scale feedstock supply, e.g. large animal husbandry farms, (2) focus on projects under 1MW and (3) developing a mile-stone based financial strategy using available financing structures such as Development Impact Bonds (DIB). To create a commercially viable waste to biogas plant for electrification Wasted has developed a sustainable and scalable biogas business model. Our is targeting off-grid communities and businesses in Nigeria primarily where 100 million people are currently without access to electricity. The estimated agricultural waste generated in Nigeria is approximately 110 million tons/year which can generated 5 million kW (5GW) of electricity per year. The Wasted model can also be duplicated in secondary target markets like Rwanda and Ethiopia which have 9 million and 83 million people lacking access to electricity respectively. Wasted Inc offers an innovative approach because the solution integrates a sustainable and scalable business model with a solid financing strategy. This entails owning the systems, implementing the projects where large feedstock quantities are located and having a two-step financing strategy.