Universities Superannuation Scheme (USS) has acquired Encyclis' 50% stake in Dublin Waste to Energy, the landmark waste-to-energy facility at Poolbeg.
The plant processes up to 690,000 tonnes per year of residual waste from Dublin and surrounding areas, generating 61.5MW of baseload electricity, recovering resources for reuse and supplying heat to Dublin's new district heat network.
USS says the acquisition aligns with its mandate as a long-term infrastructure investor and that it is committed to contributing to the facility's continued success.
The transaction is expected to complete in summer 2026, subject to regulatory approvals. Employees, waste suppliers and partners have been assured of a smooth transition prioritising safety and continuity.
The ownership change follows the recent transfer of operations and maintenance from Encyclis to Kanadevia Inova. The Switzerland-based green-tech company, which served as the plant's original technology contractor for design, build and commissioning under its former name Hitachi Zosen Inova, has assumed responsibility for day-to-day operations.
The facility is also set to benefit from a programme of mechanical and electrical upgrades to boilers, combustion systems, cooling systems and ash handling, which are expected to increase throughput by up to 90,000 tonnes per year.
Kanadevia Inova operates across 17 countries and employs more than 3,500 people, making it one of the largest established players in waste-to-energy, renewable gas and related technologies globally.
Kieran Mullins, DWTE project director, said the announcement marked "the beginning of an exciting new era" for the facility, adding that with USS as part-owner and Kanadevia Inova managing operations, "this important facility will continue to go from strength to strength."
USS acquires 50% stake in Dublin Waste to Energy facility
