June 12, 2024

By Lynda Kiernan-Stone, Global AgInvesting Media

Canada’s Food Cycle Science Corporation (FCS) has received institutional funding from Power Sustainable Lios (PSL), the sustainable agrifood investment group of Power Sustainable, for its award-winning electric food waste recycler that transforms food scraps into a dry, odor-free by-product avoiding methane emissions that result from food breaking down in landfills. 

Food waste represents a significant cost to society on multiple fronts. The UN Food and Agriculture Organization (UN FAO) estimates the monetary cost to be $940 million on a global scale, while food waste is also responsible for 8 percent of total global CO2 emissions. 

One-third of the food produced in the U.S. is never consumed, and food accounts for the most common material present in landfills or material being incinerated, at 24 and 22 percent respectively, according to the report From Farm to Kitchen: The Environmental Impacts of U.S. Food Waste released by the Environmental Protection Agency (EPA) in November 2021. 

Founded in 2011, FCS designs and delivers food waste solutions to consumers in North America, Asia, and beyond. What began with a household unit in North America in 2017, has now grown to a business that works closely with global distributors, U.S. waste haulers, and food service operations. FCS also now partners with municipalities offering its cutting-edge solutions, winning multiple awards for its breakthrough technology. 

“We are thrilled to partner with Food Cycle Science to support their continued growth as the leader in this emerging sector,” said Jonathan Belair, managing partner, Power Sustainable Lios. “Food Cycle Science’s proprietary technology not only drastically improves the experience of managing food waste at home and within businesses, but also addresses over-capacity at landfills.”

“Their innovative solutions represent an important tool in addressing the environmental impact of the food waste crisis, setting new standards in the industry. We are excited to help them expand their market presence.”

To-date, the company has delivered more than 250,000 units currently being used in over 20 countries. These solutions are not only cost-effective, but are also user-friendly platforms that use energy-efficient technology to process food waste in a matter that eliminates odors and reduces volume by up to 90 percent. Ultimately, this process and infrastructure has the power to reduce food waste emissions by more than 75 percent while being complementary to existing municipal composting and anaerobic digestion systems. 

“This is a transformative partnership for our business,” said Bradley Crepeau, CEO, Food Cycle Science. “Over the past number of years, we’ve developed innovative, patented technology and demonstrated its value in the market.”

“By partnering with Power Sustainable Lios, we can access the capabilities, networks, and capital we need to embark on our next phase of growth, entering new channels and geographies with groundbreaking new products.”

“The impact of food waste is one of the most pressing challenges facing the food sector globally. PSL’s extensive experience investing, operating, and advising across the food value chain makes us the ideal partner for FCS,” added Craig Hanna, partner, Power Sustainable Lios. 

“We have followed FCS for several years, and our research shows that their technology and business model position it as a clear leader in this growing market. Wherever food waste exists, FCS likely has the solution. We look forward to leveraging our experience and resources to help realize the full potential and impact of this innovative company.”

~ Lynda Kiernan-Stone is editor in chief with GAI Media, and is managing editor and daily contributor for Global AgInvesting’s AgInvesting Weekly News and Agtech Intel News. She can be reached at lkiernan-stone@globalaginvesting.com.

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