07:23 AM EST, 01/14/2025 (MT Newswires) -- Anaergia ( ANRGF ) , which saw its shares rise 8.5% to near 52 week highs yesterday, overnight Monday said it will be the technology provider for five biomethane production plants to be built in southern Italy.

The facilities will employ Anaergia's ( ANRGF ) anaerobic digestion technologies to produce renewable biomethane from various types of agricultural and food processing wastes. All five plants are expected to be able to provide renewable biomethane to Italy's gas pipeline grid by the end of this year.

The total investment in these five projects is expected to be about 100 million euros, a statement said. Anaergia ( ANRGF ) is expected to book revenue of $25 million.