Encyclis reaches agreement with USS to sell ownership stake in Dublin Waste to Energy

Encyclis has announced an agreement to sell its 50% ownership stake in the Dublin Waste to Energy facility to the Universities Superannuation Scheme (USS).

Today’s announcement is the latest step in the strategic evolution of Encyclis’ Energy-from-Waste portfolio, which focuses on the development and operation of its core cluster of energy recovery facilities in the UK Midlands.

The transaction provides a strong financial underpinning to secure the continuing success of Dublin Waste to Energy, which plays a vital role in safely processing up to 690,000 tonnes per year of residual waste from the city and surrounding areas, while generating 61.5MW baseload electricity, recovering resources for reuse and serving as a heat source for Dublin’s new district heat network. The plant is set to benefit from a series of mechanical and electrical enhancements by the original equipment manufacturer, Kanadevia Inova, to boilers, combustion systems, cooling systems and ash handling systems, which will see the throughput of the facility increase by up to 90,000 tonnes per year.

USS, which has a strong track record of investment in infrastructure and energy assets, recognises the crucial role of Dublin Waste to Energy in Ireland’s waste management and baseload power generation. As a long-term investor in infrastructure USS says the acquisition represents a strong fit with its mandate and is committed to contributing to the plant’s continued success.

The sale is expected to complete in summer 2026 following the necessary approvals.

Dublin Waste to Energy employs five people directly, with plant operations and maintenance managed separately. Employees, waste suppliers and partners have been assured of a smooth transition that prioritises safety and continuity.

As part of Encyclis’ cluster strategy, the business took full ownership of Newhurst ERF, in Leicestershire, and Protos ERF, in Cheshire, in 2025. These sit alongside Rookery South ERF, in Bedfordshire, and Walsall ERF, which is under construction in the West Midlands, to form a centralised portfolio of best-in-class facilities serving regional demand for residual waste treatment, baseload electricity and resource recovery.

Encyclis has also recently completed the sale of the operator for Dublin Waste to Energy to Kanadevia Inova.

Encyclis is also continuing to deliver on its decarbonisation strategy, with construction now underway on the UK Energy-from-Waste sector’s first full-scale carbon capture and storage (CCS) project at the company’s Protos ERF in Cheshire.

Encyclis CEO Mark Burrows-Smith said: “We are pleased to announce this strategic step as we continue to strengthen our core cluster of Energy-from-Waste facilities in the UK Midlands. The new ownership and operating structure at Dublin Waste to Energy will provide long-term support, while Encyclis focuses attention on the ongoing growth and optimisation of its central portfolio in the UK.”