Cambrian, a company in wastewater treatment, water reuse and energy recovery-as-a-service, closed a $150 million credit facility with ING Capital. This strategic partnership with ING, a global financial institution recognized for its commitment to sustainable finance, will support the rapid expansion of Cambrian’s innovative Water-Energy Purchase Agreement (WEPA) offerings.
Cambrian’s WEPA platform delivers decentralized wastewater treatment, water reuse and renewable energy services to industrial facilities across North America. With growing pressure on water supplies and aging infrastructure, Cambrian’s model offers industrial clients cost savings while improving resilience and recovering valuable resources.
“This collaboration with ING marks a significant milestone in Cambrian’s mission to revolutionize water and energy infrastructure,” Matthew Silver, CEO of Cambrian, said. “The facility will empower us to scale our impact by further reducing the cost of delivery, providing sustainable solutions that align with our clients’ financial, operational and sustainability goals.”
“We are proud to support Cambrian in its efforts to transform wastewater into a valuable resource,” Gael Cornet, director at ING Capital, said. “This facility exemplifies our commitment to partnering with companies that are at the forefront of sustainable innovation.”
The partnership builds upon Cambrian’s recent growth and commitment of $200 million in equity to the WEPA model in the commercial and industrial water and energy market, announced in November 2023.
