Year of Significant Growth Highlights Divert's Accelerated Momentum

February 08, 2024 at 09:00 AM EST

Company closes out 2023 with new facilities and financing partners, an increase in retail partners and food donations across the U.S.

Divert, Inc., an impact technology company on a mission to Protect the Value of Food™, today announced a year of significant growth across the business. In 2023, Divert made important strides in advancing its commitment to tackle the wasted food crisis and have a positive social and environmental impact.

An Increase in Food Donations to People in Need

Divert increased food donations to people in need in 2023 through its work with retail partners. The company facilitated the donation of an additional 200,000 meals, a 10% increase in food donations year-over-year. In total, the company donated 2.4 million pounds of food, the equivalent of around 2 million meals through collaboration with donation partners around the country, including Feeding America partner organizations.

An Expanding Footprint Nationwide

2023 was a significant year of growth for Divert in terms of infrastructure development. The company broke ground on two state-of-the-art Integrated Diversion and Energy Facilities in Turlock, California and Longview, Washington. Each will have the capacity to process 100,000 tons of wasted food a year, mitigating 23,000 metric tons of CO2e annually once fully operational in 2024.

The company also added three operational facilities, enabling Divert to further reduce the impact of the wasted food crisis, recover resources and generate sustainable energy while preventing harmful greenhouse gas (GHG) emissions. The addition of these facilities affirms Divert’s leadership as one of the largest processors of wasted food in the U.S., with 13 total operational facilities serving customers in 25 states. The company processed over 384 million pounds of waste over twelve months, mitigating approximately 35 thousand metric tons of GHG.

In 2024, Divert is expected to break ground on several additional Integrated Diversion and Energy facilities, adding to its portfolio in the Northeast and Southeast. Fueled by a $1 billion infrastructure development agreement with Enbridge Inc. alongside $100 million in growth equity led by Ara Partners, the company plans to reach 30 facilities by 2031. This expansion will position Divert to manage 5% of the wasted food in the U.S.

“Technology enabled infrastructure is key to understanding the scope of the wasted food challenge. Our ability to measure wasted food at the local, state and national level has allowed us to uncover invaluable new donation opportunities in 2023,” said Ryan Begin, CEO and Co-founder at Divert. “These donation opportunities are what makes our renewable energy unique. We're proud of all we accomplished in 2023 and are eager to continue to build holistic solutions that drive positive change."

An Increase In Stores Under Management & Headcount Growth

In addition to Divert’s momentum in infrastructure development and food donations, the company launched 690 new retail locations and is in contract with over 1,700 new stores for 2024. Divert also increased its headcount by over 25% to over 310 employees to support the rapid growth across its retail customer base and wasted food infrastructure portfolio.

For more information on Divert, please visit www.divertinc.com.

About Divert, Inc.

Divert, Inc. is an impact technology company on a mission to Protect the Value of Food™. Founded in 2007, the company creates advanced technologies and sustainable infrastructure to eliminate wasted food, driving social and environmental impact. Divert provides an end-to-end solution that prevents waste by maximizing the freshness of food, recovers edible food to serve communities in need, and converts wasted food into renewable energy. The company works with five Fortune 100 companies and over 5,600 retail stores across the U.S., helping food retailers to reach their sustainability goals. For more information on Divert, Inc., please visit www.divertinc.com.