Waste Management Inc. (WM) and Harvest Power announced an agreement by Waste Management to invest in Harvest Power to expand next generation organics recycling facilities across the United States and Canada. Waste Management joins founding investors Kleiner Perkins Caufield & Byers and Munich Venture Partners, who also increased their investments in Harvest.
Waste Management noted that the investment will also help move the company toward meeting three of its sustainability goals: doubling its renewable energy production and tripling the amount of recyclables processed by 2020, and investing in emerging technologies for managing waste.
For comments and feedback: editorial@rttnews.com