Cambrian and ING Announce $150 Million Facility

Rhea-AI Summary

Cambrian has secured a $150 million credit facility from ING Capital LLC to expand its Water-Energy Purchase Agreement (WEPA) offerings. This strategic partnership brings Cambrian's total commitment to industrial water reuse and energy infrastructure solutions to over $350 million, building on their previous $200 million equity commitment from November 2023. The company's WEPA platform provides decentralized wastewater treatment, water reuse, and renewable energy services to industrial facilities across North America, helping clients achieve cost savings while improving operational resilience and resource recovery. The partnership with ING, known for its sustainable finance initiatives, will enable Cambrian to scale its impact and reduce delivery costs while providing sustainable solutions aligned with client objectives.

Positive

• Secured substantial $150 million credit facility from major financial institution ING
• Total commitment now exceeds $350 million, showing strong financial backing
• Partnership with recognized sustainable finance leader strengthens market position
• Enables scaling of WEPA platform to serve more industrial clients

Negative

• None.

Insights

Financial Infrastructure Analyst

Cambrian secures $150M from ING to scale water-energy solutions, bringing total funding commitment to $350M for industrial infrastructure modernization.

Cambrian has secured a $150 million credit facility from ING Capital LLC, strategically expanding their financial resources to scale their Water-Energy Purchase Agreement (WEPA) platform. This brings Cambrian's total committed capital to $350 million, following a $200 million equity commitment announced in November 2023.

The WEPA model represents a sophisticated infrastructure-as-a-service approach, allowing industrial clients to implement water treatment, reuse, and energy recovery solutions without large upfront capital investments. This arrangement mirrors successful models in the renewable energy sector where third-party ownership reduces adoption barriers.

ING's participation is particularly notable as the bank has established itself as a leader in sustainable finance. For Cambrian, securing institutional financing from a global bank validates their business model and suggests their technology and contractual frameworks have matured to meet rigorous underwriting standards.

The funding comes at a strategic time when industrial water users face intensifying pressures from resource scarcity, aging infrastructure, and stricter regulatory requirements. Cambrian's ability to deliver both cost savings and sustainability improvements positions them to capitalize on these market dynamics. The additional capital will likely accelerate Cambrian's market penetration by enabling them to take on larger projects and expand their geographical reach across North America.

Cambrian's Commitment to Accelerate Industrial Water Reuse and Energy Infrastructure Solutions now Exceeds $350 Million 

WATERTOWN, Mass., June 4, 2025 /PRNewswire/ -- Cambrian, a leader in wastewater treatment, water reuse, and energy recovery-as-a-service, announced the closing of a $150 million credit facility with ING Capital LLC (ING). This strategic partnership with ING, a global financial institution recognized for its commitment to sustainable finance, will support the rapid expansion of Cambrian's innovative Water-Energy Purchase Agreement (WEPA) offerings.

Cambrian's WEPA platform delivers decentralized wastewater treatment, water reuse and renewable energy services to industrial facilities across North America. With growing pressure on water supplies and aging infrastructure, Cambrian's model offers industrial clients cost savings while improving resilience and recovering valuable resources.

"This collaboration with ING marks a significant milestone in Cambrian's mission to revolutionize water and energy infrastructure," said Matthew Silver, CEO of Cambrian. "The facility will empower us to scale our impact by further reducing the cost of delivery, providing sustainable solutions that align with our clients' financial, operational and sustainability goals."

"We are proud to support Cambrian in its efforts to transform wastewater into a valuable resource," said Gael Cornet, Director at ING Capital LLC. "This facility exemplifies our commitment to partnering with companies that are at the forefront of sustainable innovation."

The partnership builds upon Cambrian's recent growth and commitment of $200M in equity to the WEPA model in the commercial and industrial water and energy market, announced in November 2023.

About Cambrian Innovation

Cambrian is a leading provider of advanced wastewater treatment and resource recovery solutions. Through its Water-Energy Purchase Agreement (WEPA) model, Cambrian delivers turnkey, sustainable infrastructure that enables industrial clients to reduce water usage, recover energy, and meet regulatory requirements. For more information, visit www.cambrianinnovation.com

About ING Capital LLC

ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, part of ING Groep NV (NYSE: ING), a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank's more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries. Please note that neither ING Groep NV nor ING Bank NV have a banking license in the U.S. and are therefore not permitted to conduct banking activities in the U.S.

Media Contacts:
ING Capital LLC
Michael Constantine
michael.constantine@ing.com

Cambrian
Christine Morris
cmorris@cambrianinnovation.com

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SOURCE Cambrian

FAQ

What is the size of the credit facility Cambrian secured from ING Capital?

Cambrian secured a $150 million credit facility from ING Capital LLC.

What is Cambrian's total commitment to water reuse and energy infrastructure after this deal?

Cambrian's total commitment now exceeds $350 million, including the $200 million equity commitment from November 2023.

What is Cambrian's WEPA platform?

WEPA (Water-Energy Purchase Agreement) is Cambrian's platform that provides decentralized wastewater treatment, water reuse, and renewable energy services to industrial facilities across North America.

How will Cambrian use the ING credit facility?

The credit facility will be used to expand Cambrian's WEPA offerings, scale their impact, and reduce delivery costs while providing sustainable solutions to clients.

When did Cambrian announce their previous $200M equity commitment?

Cambrian announced their $200 million equity commitment to the WEPA model in November 2023.