Waga Energy
Michael Schnack is an experienced professional in the energy and finance sectors, currently serving as Energy Manager for Renewable Natural Gas at Waga Energy since December 2023. Prior to this role, Schnack worked at Gulf Oil from September 2021 to December 2023, initially as a Scheduler for Supply & Trading and then as Sr. Scheduler. From August 2018 to September 2021, Schnack held the position of Contract Analyst at Global Partners LP, focusing on Commodity Risk Management. Earlier experience includes roles in distressed credit sourcing at PrimeShares World Markets and account management in financial services at Kforce Inc. Michael Schnack holds an MBA in Finance from UMass Boston and a BS in Economics from West Virginia University.
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Waga Energy
Waga Energy upgrades landfill gas into grid-compliant Renewable Natural Gas (RNG), also known as “biomethane”. Thanks to its patented WAGABOX® technology, Waga Energy recovers the methane emitted by the breakdown of organic matter contained in the waste to inject it directly into the gas grid. The result of ten years of R&D within Air Liquide and Waga Energy, the WAGABOX® technology combines membrane filtration and cryogenic distillation to separate the methane from the other components of the landfill gas. It provides high-quality biomethane that is injected directly into the gas grid. The purification units are fully automated, they operate 24/7 while being under remote computerized supervision. Waga Energy deploys this solution through a dedicated business model. Waga Energy purchases landfill gas from landfill site operators, funds the construction and operation of WAGABOX® units, and sales biomethane to energy utilities. Fourteen WAGABOX® units are in operation in France, combined, they supply 30,000 households. Fifteen more WAGABOX® units are under construction in France, Spain and Canada. In 2021, the use of the RNG produced by the WAGABOX® units avoided the emission of 24,000 tons of CO2eq in the atmosphere. Waga Energy's headquarters are located in Grenoble (France), a world-renowned center for high-tech innovation with a reputation for leadership in gas engineering and cryogenics. Waga Energy also has subsidiaries in the United States, Canada and Spain.