Agnion finds gold with Waste Management

Agnion Energy, a Germany-based company converting wood into synthetic natural gas (Bio-SNG), electricity and heat in decentralized plants, has raised an undisclosed amount from WM Organic Growth, a corporate venturing subsidiary of US-listed garbage disposal provider Waste Management (WM).

WM joined venture capital firms Kleiner Perkins Caufield Byers, Munich Venture Partners and Wellington Partners as an investor in Agnion.

Tim Cesarek, managing director of WM Organic Growth, said: “[Agnion’s] Heatpipe-Reformer technology is unrivaled. It enables Bio-SNG, electricity and heat to…