W2 Energy Inc., a U.S.-based green energy company that produces fuel from biomass and waste, recently announced that current economic conditions have financially hindered projects the company is involved with, and financing that was previously available has been delayed indefinitely.
The project updates were part of a status report issued Nov. 6.

Although W2 Energy’s joint venture partners have been making great strides in developing their projects, no revenue has been produced to date. In May, W2 Energy announced it expected $5 million in revenue before the end of the year.
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