Gevo Inc Stock Price, News & Analysis

Gevo, Inc. (NASDAQ: GEVO) announced that its Climate-Smart Farm to Flight proposal received funding approval from the U.S. Department of Agriculture, with a ceiling of up to $30 million. The initiative is part of the USDA's $2.8 billion funding opportunity aimed at promoting climate-smart commodities. This project will enhance low carbon-intensity corn production and increase sustainable aviation fuel creation, thereby reducing reliance on fossil fuels. Gevo will implement blockchain technology for carbon tracking from farm to airline sales, reflecting its commitment to sustainability.

Gevo, Inc. (NASDAQ: GEVO) has received EPA approval for its Northwest Iowa Renewable Natural Gas project, allowing it to participate in the Renewable Fuel Standard program. This early approval, ahead of the expected timeline, highlights the effectiveness of Gevo's operational and compliance teams. The project will generate approximately 355,000 MMBtu of renewable natural gas annually from dairy cow manure supplied by local farms. Gevo aims to reduce carbon intensity in fuels, striving for net-zero greenhouse gas emissions through renewable energy solutions.

Gevo, Inc. (NASDAQ: GEVO) reported its Q2 2022 financial results, highlighting a revenue of $0.1 million, down from $0.3 million in Q2 2021. The company secured multiple sustainable aviation fuel (SAF) supply agreements, totaling over 350 million gallons annually, projected to generate approximately $2.1 billion in revenue. Gevo's cash reserves increased to $546.8 million, and its Net-Zero 1 project remains on schedule. While operational loss narrowed to $(16.1) million, research and administrative expenses rose significantly. The company remains optimistic about market growth and SAF production capacity.

Gevo, Inc. (NASDAQ: GEVO) has signed a five-year agreement with Alaska Airlines (NYSE: ALK) to supply 37 million gallons annually of sustainable aviation fuel (SAF), starting in 2026. This deal builds upon a memorandum of understanding established in March 2022, potentially leading to future sales of 200 million gallons of SAF per year to other members of the oneworld alliance. Gevo aims to produce one billion gallons of SAF by 2030. The agreement is contingent upon Gevo's ability to develop required production facilities.

Gevo, Inc. announced a landmark fuel sales agreement with American Airlines on July 22, 2022, valued at approximately $2.75 billion over five years. Under this agreement, Gevo will supply 100 million gallons of sustainable aviation fuel (SAF) per year starting in 2026. This deal represents the largest fuel sales contract in Gevo's history and supports its goal of producing 1 billion gallons of SAF by 2030. The agreement is contingent upon Gevo's ability to develop and operate production facilities for SAF.

Gevo, Inc. (NASDAQ: GEVO) will host a conference call on August 8, 2022, at 4:30 p.m. EDT to discuss its financial results for Q2 ended June 30, 2022, along with corporate updates. Participants can register via the provided event weblink. A replay of the call will be available shortly after its conclusion. Gevo's mission focuses on converting renewable energy and carbon into low-carbon liquid hydrocarbons for transportation fuels, aiming for net-zero greenhouse gas emissions. The company leverages advanced technology to produce fuels and sustainable plastics, contributing to the low-carbon market.

Gevo, Inc. (NASDAQ: GEVO) has secured a significant fuel sales agreement with Aer Lingus, aiming to supply 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years starting in 2026. The deal, valued at approximately $173 million, will aid Aer Lingus in their commitment to reduce carbon emissions and achieve net-zero by 2050. Gevo plans to produce one billion gallons of SAF by 2030, aligning with its goal to minimize greenhouse gas emissions across the fuel lifecycle.

This partnership expands Gevo's impact in the airline sector, demonstrating its role in promoting renewable energy solutions.