Varme Energy

Varme Energy is a Canadian waste-to-energy platform integrated with carbon capture facilities that enable net-negative emissions in waste management. The company’s recycling facilities focus on processing non-recyclable waste destined for landfills using a two-stage combustion process. The energy derived is utilized to power local residences and industrial activities. Varme provides services across every phase of project development, such as securing permits, engineering, procurement and construction, and maintenance by partnerships through the value chain.

As of October 2023, Varme’s pipeline included more than 10 projects in various stages of development. The company has deployed its Hams Hall recycling facility in Birmingham, UK, to recycle 150,000 tons of waste, generate 150 GWh of electricity, and capture 195,000 tons of CO2 by 2026. Varme has commissioned another project, named “Alberta Industrial Heartland,” in Western Canada to recycle 150,000 tons of waste, generate 150 GWh of electricity, and capture 185,000 tons of CO2 by 2026.

Key customers and partnerships

The company maintains collaborations with industry partners, such as Carbon Circle, Cobalt Energy, Rolton Kilbride, and Ecvio.

In March 2022, Varme Energy signed a 50-year lease with Kilbride Resources to secure a site for the Hams Hall facility in the UK. In November 2022, the company partnered with Neyaskweyahk to fund and construct a waste-to-energy facility in Alberta. In December 2022, Varme signed a Memorandum of Understanding (MOU) with an undisclosed industrial partner to develop the Alberta Industrial Heartland facility.

Funding and financials

Varme Energy Canada received an undisclosed equity investment from Elomatic in October 2023 to develop its portfolio of recycling projects in Alberta, Canada. In September 2022, the company was established with an investment from Green Transitions Holding (GTH), a European clean energy project developer.