Bright Feeds, Connecticut’s New Food Waste Recycler, Opens Plant in Berlin
Bright Feeds Launch
Katie Dykes, Commissioner of the Connecticut Department of Energy and Environmental Protection (DEEP), cuts the ribbon at Bright Feeds' new plant in Berlin, CT
Bright Feeds, a New England-based green startup, opened its first food waste processing plant in Berlin, Connecticut, last week. Licensed to process 450 tons of food waste per day for the next 10 years, the plant is positioned to fill a waste processing gap left by the July 2022 closure of the MIRA plant in nearby Hartford.
"With Bright Feeds here, we have a bright future in Connecticut," says Katie Dykes, Commissioner of the Connecticut Department of Energy and Environmental Protection (DEEP). "I'm excited about what this could mean, not just for Berlin, but for helping Connecticut solve this waste disposal crisis in a really exciting way."
Bright Feeds' 25,000-square-foot plant uses cutting-edge artificial intelligence and drying technology to convert unwanted food into an all-natural, nutritious soy and corn substitute for animal feed. Bright Feeds developed its proprietary drying technology with engineers at Boston College and Worcester Polytechnic Institute. It uses best-in-class technology sourced from around the globe, and manufactured and assembled in the U.S.
At capacity, the environmental impact of the Berlin plant is equivalent to removing 22,000 cars from the road every year. The carbon-negative process uses less energy and is more scalable than other food waste recycling solutions.
"Not only are we solving the food waste problem, but we're doing it in a way that's more efficient than anything else commercially available," says Bright Feeds President and COO Tim Rassias.
Food waste is a key contributor to climate change:
- Globally, if food waste were a country, it would be the third greatest greenhouse gas emitter after China and the U.S. (World Resources Institute).
- In the U.S., about 40% of food is never eaten—and nearly 70% of that waste typically ends up in landfills or greenhouse gas-emitting incinerators (USDA; EPA).
- New England produced over 2 million tons of food waste in 2019, with 520,000 tons produced in Connecticut, where food makes up about 22% of disposed waste (Connecticut waste study).
"41% of what we burn and bury every year is actually valuable material: It's food scraps, it's yard waste, it's all kinds of organics that are incredibly valuable and can be repurposed," says Dykes. "The Bright Feeds model is, for the first time, at scale, turning food waste into a food source for animals, which is one of the best uses for organic material under Connecticut's waste hierarchy."
According to the EPA, feeding animals is the top solution for reducing food waste after feeding hungry people.
"Yes, we can turn it into compost. Yes, we can turn it into energy. Those are all good—but the best thing is to take this stuff and preserve it as food and use it," says Bright Feeds Board Chairman and investor Scott Kalb. "That's what we're doing."
Thanks to its pioneering technology, Bright Feeds can accept a wider variety of food waste than its competitors: not just dry, grain-based waste, but also vegetables, fruit, and other wet waste.
"We're a one-stop shop for food waste," says CEO Jonathan Fife. "We built our whole process around taking a variety of inputs and producing a consistent, high-quality feed."
Using a variety of food waste enables Bright Feeds to consistently produce a highly nutritious product. Bright Feeds then sells the meal to animal feed manufacturers who use it as an ingredient in their feed.
Bright Feeds keeps food out of the waste stream—and saves money for food producers, waste management companies, and municipalities.
New England's ongoing waste crisis calls for creative solutions. With shrinking landfill space, higher gas prices, and multiplying tipping fees, businesses and municipalities face increasing challenges on what to do with their trash.
Bright Feeds enables the responsible disposal of unwanted food for a fraction of typical tipping fees.
The Berlin plant is located between I-91 and I-84, near USA Waste's new recycling center and with easy access to New York City and Massachusetts. Bright Feeds also has a collection point in Fitchburg, Massachusetts, and others in the works. The company plans to scale up with additional plants first in New England and then throughout the country.
Contact Information:
Laxmi Wordham
[email protected]
917-319-9329
Press Release Service by Newswire.com
Original Source: Bright Feeds, Connecticut's New Food Waste Recycler, Opens Plant in Berlin
MALVERN, Pa. - November 2, 2022 - (Newswire.com)
Anovaa, a lending software product company, announced today that it has completed acquisition of Quatromoney, an online college financial planner that enables students and parents to better assess each college's financial fit.
"Our acquisition of Quatromoney comes at a time when ensuring students and families make the right financial choice is critical," said Jeff Milne, Founder and CEO of Anovaa. "We believe by investing in tools for financial empowerment, we can ensure that all borrowers are provided the ability to achieve their higher education goals and aspirations."
"Quatromoney was built to help consumers make informed financial decisions on their college purchase," said Patrick Kandianis, Co-founder and CEO of Quatromoney. "In meeting Jeff and the team, we realized that embedding our offering with Anovaa's was the most strategic way to ensure our tools are leveraged by an even broader audience."
The acquisition will allow Anovaa to further promote financial literacy and responsible borrowing across key populations. Existing team members from Quatromoney will join the Anovaa team.
About Anovaa
Anovaa is a lending software product company designed to help lenders of all sizes stand up or digitally transform their loan programs. Using the Anovaa platform, banks, credit unions and other lenders can configure their end-to-end customer experience in as little as 30 days. Clients have access to a fully white-labeled lending experience, pre-built underwriting workflows and the ability to configure customized products.
For more information, visit anovaa.com.
Contact Information:
Brandon Ferris
Chief Product Officer, Anovaa
[email protected]
(401) 315-4677
Press Release Service by Newswire.com
Original Source: Anovaa to Acquire Quatromoney
