Generate Capital Announces Sale of Global Anaerobic Digestion Platform Generate Upcycle

NEW YORK, Sept. 21, 2026 /PRNewswire/ -- Generate Capital ("Generate"), a leading investor, owner and operator of critical infrastructure today announced the 100% sale of Generate Upcycle "Upcycle", its global anaerobic digestion platform, through two separate transactions in North America and the UK.

Pinta Energy, a UK-based renewable energy platform and part of the ABIO Group of companies, a leading pan-European biogas platform backed by Asterion Industrial Partners, has acquired Upcycle's seven UK facilities.

Vanguard Renewables, a leading U.S. environmental services platform and producer of biomethane from organic waste, has signed an agreement to acquire Upcycle's five North American facilities in Ontario, Canada and upstate New York. The transaction is expected to close on October 1, 2026.

The transactions position the businesses with strategic operators to support their next phase of growth.

"We have spent the past decade building Upcycle into a scaled organic waste platform with strong businesses across three countries," said David Crane, CEO of Generate Capital. "Pinta Energy and Vanguard Renewables bring the experience and capabilities to support these businesses as they continue to grow. For Generate, the transactions allow us to recycle capital toward our strategy of delivering reliable power to large energy users in an increasingly constrained grid."

Upcycle is a renewable natural gas and electricity production platform that provides integrated organic waste solutions to public and private-sector partners across Canada, the United States and the United Kingdom. In 2025, Upcycle processed more than 871,000 tons of food and agricultural waste, and generated more than 365,000 MWh of renewable energy, including 1.1 billion cubic feet of renewable nature gas. As a result, the company avoided 609,739 MTCO2e tons of harmful emissions from escaping into the atmosphere, the equivalent of taking approximately 132,552 gasoline-powered passenger vehicles off the road for a year.

Generate has invested in anaerobic digestion since 2016, building Upcycle into one of the largest pure-play organic waste platforms, with 12 facilities across three countries. Through sustained investment in the platform, its management team and operations, Generate helped build businesses with strong operating track records that are well positioned for continued growth in their respective markets.

About Generate Capital

Generate Capital is an investor and operator providing reliable and affordable energy solutions to customers for over a decade. Founded in 2014, Generate focuses on accelerating the energy transition by helping large energy users access power and connection faster in a grid constrained world. The firm supports data centers and other power-intensive facilities with multi-technology scalable energy infrastructure solutions, combining deep investment expertise with hands-on operating capabilities. Since inception, Generate has raised more than $16 bn in capital and built a proven track record across critical infrastructure assets. 

For more information, visit www.generatecapital.com.

About Vanguard Renewables

Vanguard Renewables is a leading U.S. environmental services company and producer of biomethane from organic waste. Headquartered in Weston, Massachusetts, the company builds, owns, and operates on-farm anaerobic digesters that convert food, beverage, and agricultural waste into pipeline-ready renewable natural gas. Vanguard Renewables is rapidly scaling its footprint, operating sites across the Northeast, Midwest, and Southeast while developing additional facilities nationwide. By diverting organic waste streams from landfills, the company is reducing greenhouse gas emissions at scale while supporting critical domestic energy infrastructure and regenerative agriculture for America's farms. Vanguard Renewables is a portfolio company of Global Infrastructure Partners (GIP), part of BlackRock.

Learn more at www.vanguardrenewables.com

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SOURCE Generate Capital