OPAL Fuels Completes Sale of IRA Investment Tax Credits for $8.9 Million
OPAL Fuels (Nasdaq: OPAL) has successfully completed the sale of Inflation Reduction Act (IRA) investment tax credits worth $8.9 million. The credits were generated by the Sapphire RNG facility, a joint venture in which OPAL Fuels holds a 50% ownership stake. The proceeds from this transaction will positively impact the company's net income and operating cash flow. This marks OPAL Fuels' second IRA tax credit sale, supporting initiatives for heavy-duty trucking decarbonization, energy security, and domestic fuel production.
OPAL Fuels (Nasdaq: OPAL) ha completato con successo la vendita di crediti d'imposta per investimenti ai sensi dell'Inflation Reduction Act (IRA) per un valore di 8,9 milioni di dollari. I crediti sono stati generati dalla struttura Sapphire RNG, una joint venture in cui OPAL Fuels detiene una partecipazione del 50%. I proventi di questa transazione avranno un impatto positivo sul reddito netto e sul flusso di cassa operativo dell'azienda. Questo segna la seconda vendita di crediti d'imposta IRA da parte di OPAL Fuels, sostenendo iniziative per la decarbonizzazione del trasporto pesante, la sicurezza energetica e la produzione di combustibili nazionali.
OPAL Fuels (Nasdaq: OPAL) ha completado con éxito la venta de créditos fiscales por inversiones bajo la Ley de Reducción de la Inflación (IRA) por un valor de 8,9 millones de dólares. Los créditos fueron generados por la instalación Sapphire RNG, una empresa conjunta en la que OPAL Fuels posee una participación del 50%. Los ingresos de esta transacción tendrán un impacto positivo en los ingresos netos y el flujo de caja operativo de la empresa. Esta es la segunda venta de créditos fiscales IRA por parte de OPAL Fuels, apoyando iniciativas para la descarbonización del transporte pesado, la seguridad energética y la producción de combustibles nacionales.
OPAL Fuels (Nasdaq: OPAL)는 인플레이션 감축법(IRA)에 따른 투자 세액 공제를 890만 달러에 성공적으로 판매했습니다. 이 세액 공제는 OPAL Fuels가 50%의 지분을 보유한 Sapphire RNG 시설에서 발생했습니다. 이번 거래의 수익은 회사의 순이익과 운영 현금 흐름에 긍정적인 영향을 미칠 것입니다. 이는 OPAL Fuels의 두 번째 IRA 세액 공제 판매로, 중대형 트럭의 탈탄소화, 에너지 안전 및 국내 연료 생산을 위한 이니셔티브를 지원합니다.
OPAL Fuels (Nasdaq: OPAL) a réussi à finaliser la vente de crédits d'impôt pour investissements dans le cadre de la loi sur la réduction de l'inflation (IRA) d'une valeur de 8,9 millions de dollars. Les crédits ont été générés par l'installation Sapphire RNG, une coentreprise dans laquelle OPAL Fuels détient une participation de 50%. Les recettes de cette transaction auront un impact positif sur le revenu net et le flux de trésorerie opérationnel de l'entreprise. Cela marque la deuxième vente de crédits d'impôt IRA par OPAL Fuels, soutenant des initiatives pour la décarbonisation du transport lourd, la sécurité énergétique et la production de carburants domestiques.
OPAL Fuels (Nasdaq: OPAL) hat erfolgreich den Verkauf von Steuergutschriften für Investitionen gemäß dem Inflation Reduction Act (IRA) im Wert von 8,9 Millionen Dollar abgeschlossen. Die Gutschriften wurden von der Sapphire RNG-Anlage generiert, einem Joint Venture, an dem OPAL Fuels eine 50%ige Beteiligung hält. Die Erlöse aus dieser Transaktion werden sich positiv auf das Nettogewinn und den operativen Cashflow des Unternehmens auswirken. Dies markiert den zweiten Verkauf von IRA-Steuergutschriften durch OPAL Fuels, der Initiativen zur Dekarbonisierung des Schwerlastverkehrs, zur Energiesicherheit und zur inländischen Kraftstoffproduktion unterstützt.
- Secured $8.9 million from IRA tax credit sale
- Positive impact on net income and operating cash flow
- Successfully completed second IRA credit sale, demonstrating execution capability
- None.
“We’re excited to have completed our second
About OPAL Fuels Inc.
OPAL Fuels Inc. (Nasdaq: OPAL) is a leader in the capture and conversion of biogas into low carbon intensity RNG and renewable electricity. OPAL Fuels is also a leader in the marketing and distribution of RNG to heavy duty trucking and other hard to de-carbonize industrial sectors. For additional information, and to learn more about OPAL Fuels and how it is leading the effort to capture North America’s harmful methane emissions and decarbonize the economy, please visit www.opalfuels.com.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events or OPAL Fuels’ (the “Company’s”) future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include various factors beyond management’s control, including, but not limited to, general economic conditions and other risks, uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q, and other filings it makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Except as required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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Investors
Todd Firestone
Vice President, Investor Relations and Corporate Development
(914) 705-4001
investors@opalfuels.com
Media
Harrison Feuer
Senior Director, Communications and Public Policy
(914) 721-3723
hfeuer@opalfuels.com
ICR, Inc.
OPALFuelsPR@icrinc.com
Source: OPAL Fuels, Inc.
FAQ
How much did OPAL Fuels receive from its recent IRA tax credit sale?
What percentage does OPAL Fuels own in the Sapphire RNG facility?
How will the IRA tax credit sale impact OPAL Fuels' financials?
How many IRA tax credit sales has OPAL Fuels completed?
