Power Sustainable (PSL) has officially confirmed the news of achieving strong growth during the year 2024. Beyond that, the company also realized final closing of its inaugural Fund, which invests in North American mid-market companies that are contributing to the sustainability transformation happening across the food value chain.
Talk about Power Sustainable’s highlights of the year on a slightly deeper level, we begin from the successful conclusion of its inaugural fund, which was valued at $285 million with participation from leading pension funds, large corporations, family offices, and other strategic investors. Next up, we must dig into how PSL closed two more investments in recent months. As a result, it is now over 30% invested.
Another detail worth a mention here is how the company’s leadership continues to see attractive opportunities across the North American food sector, highlighting the potential for superior returns alongside positive sustainability outcomes.
“It’s been an incredibly productive year, and we are eager for the opportunities that 2025 will bring,” said Jonathan Belair, Managing Partner of Power Sustainable Lios. “We remain committed to partnering with exceptional food companies, providing the support they need to thrive as they enter their next chapter of growth and success.”
Talk about the company a bit more, it enjoys in its portfolio companies a total of three different companies. These companies include Food Cycle Science (FCS) who basically designs and delivers waste solutions that enable individuals, businesses, and communities to manage their food waste conveniently and sustainably. You see, up until now, FCS has delivered over 250,000 units that are in use in over 20 countries.
Markedly enough, these solutions happen to be both cost-effective and user-friendly, using energy-efficient technology to process food waste in homes in a manner which eliminates odor and reduces volume by as much as 90%. Such a setup, like you can guess, treads up a long distance to decrease food waste emissions by more than 75%, all while complementing existing systems like municipal composting and anaerobic digestion programs in their respective sustainability drives.
In case that wasn’t enough, then FCS’ excellence in what it does can also be understood once you consider it was ranked 7th for Clean Technology in Deloitte’s 2024 Technology Fast 50TM rankings.
The next company Power Sustainable has in its portfolio would be Private Brand Consortium, which is a value-added food distributor who serves the private label and branded markets. The company’s primary focus is understood to be on baby foods and snacks, plant-based beverages, aseptic broths, and meal replacement beverages.
You see, Private Brand Consortium works directly with the largest global food companies and established North American retailers. It also partners with customers and suppliers to advance key sustainability priorities, including reducing packaging waste and supply chain emissions, supplying health conscious and sustainable food for all ages, and promoting the highest level of food safety standards.
Then, the third and final company in Power Sustainable’s portfolio, as of today, would be GoodLeaf Farms, who is best known for producing vertically grown, local, sustainable, pesticide-free leafy greens and microgreens, serving grocery and foodservice customers.
More on the company would reveal how it addresses important sustainability issues related to leafy green farming and challenges within the existing supply chain. This includes eliminating the need for pesticides, herbicides and fungicides, as well as reducing water usage by over 95%.
Another detail worth a mention here is rooted in how GoodLeaf’s local distribution capabilities provide consumers with fresher, better-tasting, and more nutritious produce. At the same time, these capabilities also contribute to significant reductions in food waste from spoilage.
“The unique combination of investment and operational experience within our PSL team gives us great confidence in the opportunity for our initial portfolio and beyond,” said Bruce Heyman, CEO of Power Sustainable.
