BorgWarner invests $10M in Enexor

BorgWarner, Auburn Hills, Michigan, announced Aug. 24 that it is investing in Enexor BioEnergy LLC, Franklin, Tennesee. Enexor BioEnergy LLC provides on-site, renewable energy and carbon conversion solutions to help solve organic waste and plastic waste problems. Through a $10 million investment, BorgWarner has secured a minority stake in the company.

Enexor’s patented and modular Bio-CHP system uses locally sourced organics or plastic waste to generate clean on-site energy. According to Enexor, each system can reduce up to 1,000 metric tons of CO2-equivalent emissions annually by reducing methane emissions released from landfills, offsetting fossil fuel-based power generation, and reducing waste disposal transportation emissions.

“We have been impressed with the dedication and ecofriendly vision of the Enexor team and believe this investment is a natural extension of our comprehensive technology portfolio and actions we have already taken as part of our commitment to achieving carbon neutrality by 2035,” says Joseph Fadool, vice president of BorgWarner Inc. “We see immense opportunity for our collaboration with Enexor and are excited to see the impact its solutions, and our investment, will have on the future of renewable power generation and the Earth’s carbon footprint.”

According to the company, Enexor’s solutions align well with and utilize BorgWarner’s existing eTurbine product line, which uses the remaining waste heat to generate electrical energy, as well as its industrial inverters through Cascadia Motion, which is wholly owned by BorgWarner. Together, BorgWarner and Enexor will explore future collaborations, including the potential for further CO2 reduction technologies and supplying battery packs.

"At Enexor, we all share a mutual passion for technological innovation and leaving a lasting legacy that betters humanity for generations long after we are gone,” says Lee Jestings, founder and CEO of Enexor BioEnergy. “We are thrilled to have a company like BorgWarner that shares the same passion and is driven by a similar mission, invest so heavily in our company. I imagine this partnership will be fruitful for both of our companies and, more importantly, the world.”