04:31 PM EDT, 08/19/2025 (MT Newswires) -- Anaergia ( ANRGF ) , which hit a fresh 52-week high on Tuesday, said just before the close Tuesday a subsidiary signed a binding agreement with a Spanish company specializing in renewable-gas infrastructure projects to provide a range of services as well as its technology and equipment for over 15 new biomethane production plants across Spain.

Tuesday's statement noted Anaergia ( ANRGF ) will be responsible for the supply and construction of concrete tanks with Triton digesters, a proprietary technology featuring a patented configuration that significantly enhances process efficiency. In addition, the company will supply advanced mixing systems, also part of its proprietary technology, along with other critical components to facilitate the seamless operations of the plants.

Anaergia ( ANRGF ) said it will begin work on the first project this month, with all the projects in the development plan expected to be fully operational and integrated into Spain's gas-pipeline network within 48 months. Anaergia ( ANRGF ) sees total revenue of $184 million from this agreement, making it the company's largest capital sale to date.

"This agreement marks a significant milestone in advancing Spain's renewable energy sector, fostering economic growth and environmental sustainability. The scale of this historic Agreement for Anaergia ( ANRGF ) highlights the advantages of our strategic focus on leveraging proprietary technologies for the benefit of our customers, and underscores our growing presence and activities in Europe," said chief executive Assaf Onn.

The company's shares closed up $0.10, or 6.8%, to $1.57, a 52-week high, on the Toronto Stock Exchange.