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NW Natural Renewables, a subsidiary of Northwest Natural Holdings (NYSE:NWN), has appointed Michael Kotyk as president. He brings over 25 years of experience in renewable natural gas, having led business development at EDL and DTE Energy's non-regulated affiliates. Under his leadership, NW Natural Renewables aims to capitalize on the growing market for renewable natural gas (RNG), having already earmarked $50 million for two production facilities to convert landfill waste gases to RNG. This strategic move positions the company to meet the increasing demand for sustainable energy solutions.
Positive
Hiring of Michael Kotyk as president brings extensive industry experience.
Commitment of $50 million for development of RNG production facilities.
Strong confidence in long-term demand for renewable natural gas.
Negative
Potential concerns about continuity if new leadership doesn’t align with established company strategies.
PORTLAND, Ore.--(BUSINESS WIRE)--
NW Natural Renewables Holdings, LLC (NW Natural Renewables), a wholly-owned subsidiary of Northwest Natural Holding Company (NYSE:NWN) (NW Natural Holdings), has hired Michael Kotyk as president of NW Natural Renewables, a new line of business of NW Natural Holdings that focuses on providing renewable natural gas to a variety of sectors.
Michael Kotyk, president of NW Natural Renewables (Photo: Business Wire)
“We know how important renewables, particularly renewable natural gas, are to addressing climate change,” said David H. Anderson, president and CEO of NW Natural Holdings. “As a leader in this space, we are ready and resourced to pursue these opportunities even more aggressively.”
With over 25 years of experience, Mr. Kotyk has been at the forefront of the renewable natural gas market as the head of business development in North America for EDL, a leading global producer of sustainable distributed energy, and in various leadership positions in business development at DTE Energy’s non-regulated affiliates. He has a proven track record of developing renewable natural gas (RNG) and other renewable fuel projects from the initial identification stage all the way to completion and operation of the facilities. He holds a Master of Business Administration and a bachelor’s in finance.
“I’m excited to grow the renewable business for NW Natural Holdings,” said Kotyk. “This is a fantastic opportunity to work at a company that has a proven track record of leading time and time again on sustainability and is uniquely positioned for success in this market.”
More about NW Natural Renewables
NW Natural Renewables is a newly formed subsidiary of NW Natural Holdings committed to leading in the energy transition and providing renewable natural gas to the utility, commercial, industrial and transportation sectors. NW Natural Renewables is focused on providing cost-effective solutions to decarbonize a variety of sectors, utilizing existing waste streams and renewable energy resources. These efforts are separate and in addition to NW Natural’s gas utility efforts related to RNG and hydrogen.
“The renewable business is a natural progression for us as a leader in addressing the energy transition,” said David H. Anderson, NW Natural Holdings president and CEO. “We have strong confidence in the long-term demand for renewable natural gas across the country and across various customer classes. This business represents a significant opportunity for us in a fast-growing market segment.”
NW Natural Renewables has already executed agreements to commit $50 million toward the development of two production facilities that are designed to convert landfill waste gases to RNG and connect gas production to existing regional pipeline networks. We've also executed agreements designed to secure a 20-year supply of RNG that NW Natural Renewables intends to market primarily under long-term contracts.
About NW Natural Holdings Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) is headquartered in Portland, Oregon and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests. We have a longstanding commitment to safety, environmental stewardship and the energy transition, and taking care of our employees and communities. Learn more in our latest ESG Report.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 780,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. With all pending acquisitions closed, NW Natural Water will serve approximately 140,000 people through over 58,000 connections. Learn more about our water business at nwnaturalwater.com.
What is the significance of Michael Kotyk's appointment at NW Natural Renewables?
Michael Kotyk's appointment is significant as he brings over 25 years of experience in renewable natural gas, which positions NW Natural Renewables for growth in a key market segment.
How much investment has NW Natural Renewables committed towards renewable natural gas facilities?
NW Natural Renewables has committed $50 million towards the development of two production facilities designed to convert landfill waste gases into renewable natural gas.
What are NW Natural Renewables' goals regarding renewable natural gas?
NW Natural Renewables aims to provide cost-effective renewable natural gas solutions to various sectors, leveraging existing waste streams and renewable energy resources.
