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Casella Waste Systems and Waga Energy Announce Start of Operations of RNG Facility at Hyland Landfill

(Neutral)
(Very Positive)
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Casella Waste Systems (Nasdaq: CWST) and Waga Energy (EPA: WAGA) have started operations of a Renewable Natural Gas (RNG) production facility at the Hyland Landfill in Angelica, New York, the second of three joint RNG projects and Casella’s fourth RNG facility overall.

The plant uses Waga Energy’s patented WAGABOX® technology, with 3,000 SCFM processing capacity and potential output of up to 610,000 MMBtu (180 GWh) of RNG annually. RNG is injected into the Eastern Gas Transmission and Storage network and is expected to avoid 47,000 tons of CO₂-equivalent emissions per year. Waga Energy funded construction, will own and operate the facility for 20 years, and will share RNG sales revenue with Casella. The project is expected to qualify for incentives under the U.S. Inflation Reduction Act.

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Positive

  • 610,000 MMBtu annual RNG capacity from Hyland facility
  • Installed processing capacity of 3,000 SCFM landfill gas
  • 20-year ownership and operation agreement for Waga Energy
  • Expected avoidance of 47,000 tons CO₂e emissions annually
  • RNG revenue sharing between Casella Waste Systems and Waga Energy
  • Project expected to qualify for Inflation Reduction Act incentives

Negative

  • Waga Energy fully funded construction and assumes 20 years of ownership and operational responsibility

Market Context

CWST's May 14 RNG-facility news was followed by -1.31% over 24 hours, giving this comparable launch ...
Analysis

CWST's May 14 RNG-facility news was followed by -1.31% over 24 hours, giving this comparable launch a historical benchmark. Insider data showed Net Selling; future project economics and incentive eligibility remain relevant factors to watch.

Key Figures

Project sequence: second of three Installed processing capacity: 3,000 SCFM Annual renewable gas generation: 610,000 MMBtu +5 more
8 metrics
Project sequence second of three Casella-Waga Energy RNG projects entering operation
Installed processing capacity 3,000 SCFM Hyland RNG production facility
Annual renewable gas generation 610,000 MMBtu Maximum annual Hyland production
Annual renewable gas generation 180 GWh Maximum annual Hyland production
Emissions avoidance 47,000 tons of CO₂-equivalent Expected annual avoidance under EPA standards
Operating term 20 years Waga Energy ownership and operation of the facility
Operating RNG units 36 Waga Energy units currently operating worldwide
Units under construction 19 Waga Energy production units worldwide

Historical Context

5 past events · Latest: Jul 13 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 13 Conference call scheduling Neutral -1.7% Second-quarter results release and conference call dates were announced.
Jul 01 Leadership appointments Positive -1.7% New chief operating officer and general counsel appointments were announced.
May 27 Bond remarketing Neutral -1.0% $15.0 million of environmental facilities bonds were priced for remarketing.
May 18 Investor conferences Neutral -1.5% Management presentation dates for two June investor conferences were announced.
May 14 RNG facility opening Positive -1.3% Chemung County RNG facility opened with shared revenue and long-term operations.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

All five recent announcements in the selected history were followed by negative 24-hour reactions, including the prior RNG-facility announcement.

Key Terms

renewable natural gas, scfm, mmbtu
3 terms
renewable natural gas technical
"Waga Energy, a global expert in the production of Renewable Natural Gas"
Renewable natural gas is methane captured from organic waste—like landfills, farms, or wastewater—and cleaned to the same quality as conventional pipeline gas so it can be used for heating, electricity, or vehicle fuel. Investors care because it turns waste into a revenue-generating commodity, can qualify for carbon credits or government incentives, and can reduce a company's emissions profile, affecting long-term costs, regulatory risk, and market demand much like converting trash into sellable fuel.
scfm technical
"With 3,000 SCFM of installed processing capacity"
scfm stands for standard cubic feet per minute, a measure of how much gas flows past a point each minute after adjusting for a fixed set of temperature and pressure conditions. It matters to investors because equipment, production capacity, and contract terms for gas, compressors, or medical oxygen are often specified in scfm; like knowing how many gallons per minute a water pump can deliver, scfm tells you how much usable gas a system can supply under standardized conditions.
mmbtu technical
"generate up to 610,000 MMBtu (180 GWh) of renewable gas annually"
A MMBtu is a unit of energy equal to one million British thermal units, commonly used to measure natural gas and other fuel quantities for trading and contracts. For investors, it translates raw energy into a standardized price metric—think of it like gallons for gasoline—so changes in the MMBtu price affect producer revenues, utility costs, commodity derivatives, and the profitability of energy-related investments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RUTLAND, Vt., July 28, 2026 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling and resource management services company in the Eastern United States, and Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (“RNG”) from landfills, announced the start of operations of the RNG production facility at the Hyland Landfill in Angelica, New York.

The facility coming online marks another important milestone in Casella's strategy to recover value from the waste it manages. Hyland is the second of three RNG projects developed by Casella and Waga Energy to enter operation, following the Chemung County facility.

“It is so gratifying for our team to see our fourth RNG project come online at the Hyland landfill,” said Ned Coletta, President and CEO of Casella Waste Systems, Inc. “Several years ago, we made the strategic decision to work with RNG experts to develop the capacity at our landfills, and we have not been disappointed about our decision to partner with Waga Energy. Their entire team has collaborated effectively with our team to bring these projects online within a tight timeline, and their innovative technology is performing well at each landfill.”

The facility uses Waga Energy's patented WAGABOX® technology to upgrade landfill gas into pipeline-quality RNG. With 3,000 SCFM of installed processing capacity, Hyland can generate up to 610,000 MMBtu (180 GWh) of renewable gas annually, making it one of the largest RNG production units in Waga Energy's U.S. portfolio.

“The commissioning of a large-capacity WAGABOX® unit at the Hyland facility demonstrates the scalability of our technology and its ability to produce RNG from landfill sites of various sizes,” said Guénaël Prince, Chief Executive Officer of Waga Energy Inc. “It is also the second project developed with Casella to enter operation this year, reflecting the strength of our partnership and our shared commitment to turning landfill gas into a reliable source of renewable energy."

The RNG produced on-site is injected directly into the Eastern Gas Transmission and Storage network, supplying the region with a renewable alternative to fossil natural gas. The project is expected to avoid 47,000 tons of CO₂-equivalent emissions each year, according to U.S. Environmental Protection Agency (EPA) standards1.

Under the terms of the agreement, Waga Energy deployed the capital required to fully fund the construction of the facility and will own and operate it for 20 years, while Casella and Waga Energy share the revenue generated from RNG sales.

The Hyland project is expected to qualify for incentives under the U.S. Inflation Reduction Act (IRA).

___________________________

1 Landfill Gas Energy Benefits Calculator | US EPA

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States. For more information, visit www.casella.com.

About Waga Energy

Waga Energy produces competitively priced Renewable Natural Gas (RNG, also known as biomethane) by upgrading landfill gas using a patented purification technology called WAGABOX®. The RNG produced is injected directly into the gas grids that supply individuals and businesses, providing a substitute for natural fossil gas. Waga Energy currently operates 36 RNG production units in France, Spain, Canada and the USA, representing an installed capacity of more than 6.5 million MMBtu (1.9 TWh) per year. To date, Waga Energy has 19 RNG production units under construction worldwide. Each project initiated by Waga Energy contributes to the fight against global warming and helps the energy transition. Waga Energy is listed on Euronext Paris (FR0012532810 – EPA: WAGA).

Safe Harbor Statement

Certain matters discussed in this press release, including but not limited to, the statements regarding our intentions, beliefs or current expectations concerning, among other things, projections as to the anticipated benefits of the commercial agreement, the anticipated amounts of renewable natural gas to be produced and the anticipated impact of the commercial agreement and the renewable natural gas facilities on the Company’s business and future financial and operating results are "forward-looking statements". These forward-looking statements can generally be identified as such by the context of the statements, including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” “will,” “guidance” and other similar expressions, whether in the negative or affirmative. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which the Company operates and management’s beliefs and assumptions. The Company cannot guarantee that it actually will achieve the financial results, plans, intentions, expectations or guidance disclosed in the forward-looking statements made. Such forward-looking statements, and all phases of the Company’s operations, involve a number of risks and uncertainties, any one or more of which could cause actual results to differ materially from those described in its forward-looking statements.

Such risks and uncertainties include or relate to, among other things, the following: project development timelines may extend past anticipated schedules; the Company may not fully recognize the expected financial benefits from the RNG facilities due to operational challenges, gas production levels, market or economic factors outside its control which may impact revenues and costs, or for other reasons; and potential regulatory changes could adversely impact operations.

There are a number of other important risks and uncertainties that could cause the Company’s actual results to differ materially from those indicated by such forward-looking statements. These additional risks and uncertainties include, without limitation, those detailed in Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K for the fiscal year ended December 31, 2025, and in other filings that the Company may make with the Securities and Exchange Commission in the future.

The Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Contact Us
Casella Waste Systems, Inc.

Media Relations 
Jeff Weld
Vice President of Communications
(802) 772-2234
Investor Relations 
Jason Mead
Senior Vice President of Finance and Treasurer
(802) 772-2293
  

Waga Energy

Alicia Fanni  
Marketing and Communications Manager
(786) 300-9545 
alicia.fanni@waga-energy.com 
Laurent Barbotin 
Head of PR 
+33 772 771-185 
laurent.barbotin@waga-energy.com
  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c025f1e9-20ed-4f36-a11b-4b46203b3e69


FAQ

What did Casella Waste Systems (CWST) announce about the Hyland Landfill RNG facility on July 28, 2026?

Casella Waste Systems announced that the Hyland Landfill RNG facility in Angelica, New York is now operational. According to Casella Waste Systems, it is the second of three RNG projects with Waga Energy and uses WAGABOX technology to produce pipeline-quality Renewable Natural Gas.

What is the production capacity of the Hyland RNG facility developed by Casella Waste Systems (CWST) and Waga Energy (WAGA)?

The Hyland RNG facility can process 3,000 SCFM of landfill gas and generate up to 610,000 MMBtu of RNG annually. According to Waga Energy, this equals about 180 GWh per year, making it one of the largest units in its U.S. portfolio.

How long will Waga Energy operate the Hyland Landfill RNG facility with Casella Waste Systems (CWST)?

Waga Energy will own and operate the Hyland RNG facility for 20 years under the partnership terms. According to Waga Energy, it fully funded construction and will share revenue from RNG sales with Casella Waste Systems over this period.

How much CO2 reduction is expected from the Casella Waste Systems (CWST) Hyland RNG project?

The Hyland RNG project is expected to avoid 47,000 tons of CO₂-equivalent emissions each year. According to Casella Waste Systems, this estimate is based on U.S. Environmental Protection Agency standards using the Landfill Gas Energy Benefits Calculator methodology.

Does the Hyland RNG project of Casella Waste Systems (CWST) qualify for Inflation Reduction Act incentives?

The Hyland RNG project is expected to qualify for incentives under the U.S. Inflation Reduction Act. According to Casella Waste Systems, the project’s RNG production and emissions benefits align with IRA support for renewable energy and greenhouse gas reduction initiatives.

How is the Renewable Natural Gas from the Hyland Landfill facility delivered to customers?

RNG produced at the Hyland facility is injected directly into the Eastern Gas Transmission and Storage network. According to Waga Energy, this allows the renewable gas to supply the regional grid as a substitute for conventional fossil natural gas.