What Encyclis does

Encyclis is a UK-focused, privately-held energy-from-waste infrastructure operator that converts non-recyclable residual waste into baseload electricity, heat, and other reusable materials via Energy Recovery Facilities (ERFs). Its current operating portfolio includes the Protos ERF in Cheshire (up to 500,000 tonnes/year waste processed, 49.9 MW baseload electricity), Rookery South ERF in Bedfordshire (site of the UK's first carbon capture pilot plant), and Newhurst ERF — all three now wholly owned after the 2025 buyout of Biffa's shares. The company previously held a 50% stake in the Dublin Waste to Energy facility but agreed in 2026 to sell that interest to the Universities Superannuation Scheme, repointing capital toward the UK Midlands cluster.

Encyclis is positioning itself as a blueprint provider for decarbonizing waste-to-energy, anchored by the UK's first full-scale carbon capture and storage facility at Protos (construction begun June 2026 with engineering contractor Kanadevia Inova, completion expected 2029, designed to capture ~370,000 metric tons of CO2/year), the operating Rookery South carbon capture pilot, integration into the HyNet North West CCS cluster (targeting 380,000 t/y of CO2 reduction), and a separately approved CCS project in Bedfordshire. Revenue mechanics combine long-term gate-fee contracts with UK local authorities for waste processing, electricity exports to the national grid, heat export to local heating networks, and — once operational — CCUS-related government support or carbon credit monetization.

The go-to-market is enterprise infrastructure sales: direct long-term contracts with government bodies and local authorities for waste processing, contracted grid electricity sales, and strategic partnerships/regulatory engagement to advance CCS deployment (e.g., participation in the Sustainable Markets Initiative task force). Customer segments are UK local authorities and government (primary) and hard-to-abate industrial sectors requiring CCS infrastructure (secondary). The company is rebranded from its former name Covanta and operates exclusively in the UK post-Dublin exit.

Name

Encyclis

Website

https://encyclis.com

Company type

Private

Founded year

2023

Operating status

Operating

Short description

Encyclis is a UK-based energy-from-waste operator that converts non-recyclable residual waste into baseload electricity and heat via Energy Recovery Facilities, serving UK local authorities while pioneering carbon capture integration at its Protos and Rookery South sites.

Ownership category

akta.pro rank

Product category

Waste-to-Energy Services

NAICS

Solid Waste Combustors and Incinerators (562213), Electric Power Generation (22111)

SIC

Refuse Systems (4953), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

BECCS Project Development & Integration (Permitting, FEED, EPC Interface) (EUAAALAA)

akta.pro secondary industries

Biomass Carbon Removal & Storage (BECCS/Bioenergy with CO₂ Capture) (EUABAFAB), Heat Integration & Energy Efficiency for Capture Retrofits (Steam Supply, Waste Heat Recovery, CHP Integration) (EUAAALAK), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF), Power Plant Retrofit, Life Extension & Environmental Controls EPC (FGD/SCR/ESP) (EUAEAAAO)

Keywords

• Waste-to-energy services
• Energy-from-waste facilities
• Residual waste processing
• Carbon capture services
• Baseload electricity generation

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Technology or R&D, Personnel

Revenue model

1. Energy Generation and Export: Energy Recovery Facilities generate electricity from non-recyclable waste, producing baseload power (e.g., 49.9 MW at Protos) sold to the national grid. Facilities also export heat for local heating networks.
2. Waste Processing and Treatment: Facilities process residual waste from local authorities and commercial waste producers, charging gate fees for waste disposal and processing services.
3. Carbon Capture Services: Captured CO2 is intended for permanent geological storage, potentially monetized through carbon credits or government support mechanisms under CCUS programs.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Encyclis operates Energy Recovery Facilities (ERFs) that combust residual, non-recyclable household and commercial waste to generate baseload low-carbon electricity, heat, and reusable materials (such as aggregate and metals). The company runs a UK portfolio of three operational ERFs (Protos, Rookery South, Newhurst), is integrating post-combustion Carbon Capture and Storage (CCS) onto its asset base via the UK's first EfW carbon capture pilot plant at Rookery South and a planned full-scale Protos CCS facility, and is divesting its former Dublin Waste to Energy Facility to Protein Group.

Product overview

Encyclis operates a portfolio of Energy Recovery Facilities (ERFs) that convert non-recyclable waste into baseload electricity through waste-to-energy processes. The company is strategically focusing on its core cluster of facilities in the UK Midlands, including full ownership of the Protos ERF in Cheshire, Rookery South ERF in Bedfordshire, and Newhurst ERF. Encyclis is pioneering carbon capture technology integration at its waste-to-energy facilities, with the UK's first carbon capture pilot plant at Rookery South and a full-scale CCS facility under construction at Protos, expected to capture 370,000 tonnes of CO2 annually by 2029. The company previously held a stake in the Dublin Waste to Energy facility but exited this European investment in 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Protos Energy Recovery Facility (Protos ERF) Operational UK Energy Recovery Facility (ERF) that processes residual, non-recyclable household and commercial waste into baseload low-carbon electricity, heat, and reusable materials; contracted to UK local authorities and exporting electricity to the national grid. Site also hosts the planned full-scale Protos Carbon Capture Facility integrated with the HyNet industrial cluster CO2 network.
• Rookery South Energy Recovery Facility (Rookery South ERF) New UK Energy Recovery Facility commissioned in Q1 2026 that converts residual waste into baseload low-carbon electricity, with associated low-carbon heat supplied to a district heating scheme. Hosts the UK's first carbon capture pilot plant at an EfW and is integrated with the HyNet North West industrial cluster for CO2 transport and storage.
• Newhurst Energy Recovery Facility (Newhurst ERF) UK Energy Recovery Facility fully acquired by Encyclis on 2025-06-16, processing residual waste into baseload low-carbon electricity, heat, and reusable materials; contracted to UK local authorities and exporting electricity to the national grid.
• Dublin Waste to Energy Facility Former Ireland-based waste-to-energy facility operated by Encyclis, currently being divested to Protein Group; historically processed residual waste into electricity and was contracted to Dublin City Council and other Irish municipal customers.
• Carbon Capture and Storage (CCS) Services for EfW and Hard-to-Abate Industries Integrated post-combustion Carbon Capture and Storage service offering that captures CO2 from EfW flue gas (pilot validated at Rookery South 2025-02-18, full-scale planned at Protos for 2026-06-02) and transports/stores it via the HyNet North West industrial cluster CO2 network. Offered to UK local authorities seeking waste-sector decarbonization and to industrial emitters in hard-to-abate sectors requiring verifiable CO2 abatement and CCUS support mechanisms.

Quantifiable outcome

• Captures 370,000 tonnes of CO2 annually, equivalent to removing 200,000 cars from the road
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Kanadevia InovacoreTechnology or Integration · 2 June 2026Engineering contractor beginning construction on the UK's first full-scale carbon capture facility at Protos. Kanadevia Inova is also taking over as operator of the Dublin Waste to Energy facility from DWTE and will oversee upgrades to increase processing capacity.
• BiffacoreStrategic or Co-development Partner · 16 June 2025Encyclis acquired Biffa's shares in two UK Energy-from-Waste facilities (Newhurst ERF and Protos ERF) to gain full ownership. The facilities are designed to support UK circular economy and decarbonization strategies, including planned carbon capture deployment at Protos ERF.
• HyNet North West ClusterflagshipStrategic or Co-development Partner · 20 September 2024Biffa and Encyclis received local planning approval to build a CCS plant next to their waste-to-energy facility as part of the HyNet North West Cluster, which aims to reduce CO2 emissions by 380,000 tons per year.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Veolia: Global waste management and energy services company operating multiple EfW facilities across the UK and Europe. Veolia is a broad incumbent with overlapping energy-from-waste and circular economy capabilities, making it directly comparable to Encyclis' EfW operations and a likely competitor as the UK EfW fleet decarbonizes.
• Covanta (US): Former parent company of Encyclis (rebranded from Covanta UK) and the largest standalone EfW operator in North America. Covanta is a broad incumbent in the same EfW category with comparable waste-to-energy business model, making it the closest operational analogue to Encyclis' UK operations.
• China Everbright International: Largest Chinese EfW operator with global ambitions. While primarily Asia-focused, China Everbright is a broad incumbent in EfW with comparable waste-to-energy capabilities and potential expansion into UK/European CCS-enabled EfW projects.

Direct peers

• Viridor: UK-based waste management and energy recovery company operating multiple EfW facilities. Viridor is a direct competitor in UK residual waste processing and energy generation, with comparable long-term contracts with local authorities and similar exposure to UK decarbonization mandates.
• Biffa: UK waste management company that previously co-owned Newhurst and Protos ERFs with Encyclis. Biffa is a direct peer in UK waste processing and energy recovery, with comparable customer base of local authorities and similar exposure to UK EfW market dynamics.
• FCC Environment: UK waste services operator with EfW facilities and comparable municipal waste processing contracts. FCC Environment is a direct competitor in the UK EfW market with similar long-term contracted revenue model and exposure to UK residual waste volumes.
• SUEZ (Suez Recycling and Recovery UK): Major UK operator of energy-from-waste facilities with comparable waste processing and electricity generation business model. SUEZ operates multiple EfW plants in the UK and is positioned to add CCS to its fleet, making it a direct competitor to Encyclis in both baseline EfW operations and future CCS-enabled decarbonization.

Others

• HyNet North West: CCS cluster partnership in which Encyclis' Protos facility is integrated. HyNet is an enabling infrastructure partner rather than a competitor, but is comparable because it represents the UK's leading CCS cluster economics and serves as a benchmark for other potential CCS integration opportunities.
• Kanadevia Inova (formerly Hitachi Zosen Inova): Engineering contractor and EfW technology provider building the Protos CCS facility and operating the Dublin Waste to Energy facility. Kanadevia Inova is a key technology partner to Encyclis and provides comparable EfW and CCS capabilities across Europe, making it both a partner and a comparable operator.

Emerging players

• Sembcorp Industries: Singapore-based energy and waste solutions company with growing EfW operations in the UK and Asia. Sembcorp is an emerging player in EfW with comparable technology and business model, and a potential competitor for UK CCS-enabled waste-to-energy projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Encyclis