OPAL Fuels Secures Development Rights on Four New RNG Production Facilities
OPAL Fuels (Nasdaq: OPAL) has secured development rights for four new landfill RNG production projects through joint venture partnerships. The company's 50% share represents 1.5 million MMBtu of aggregate annual design capacity. Construction is expected to begin in 2025, with the facilities projected to produce approximately 20 million GGE (Gasoline Gallon Equivalent) annually when fully operational.
The projects aim to contribute to decarbonizing heavy-duty trucking fleets and providing clean energy for homes and businesses, according to Co-CEO Jonathan Maurer.
OPAL Fuels (Nasdaq: OPAL) ha ottenuto i diritti di sviluppo per quattro nuovi progetti di produzione di RNG da discarica attraverso partnership in joint venture. La quota del 50% dell'azienda rappresenta 1,5 milioni di MMBtu di capacità progettuale annuale complessiva. La costruzione è prevista per il 2025, con gli impianti che si prevede producano circa 20 milioni di GGE (Equivalente Gallone di Benzina) all'anno quando saranno completamente operativi.
I progetti mirano a contribuire alla decarbonizzazione delle flotte di camion pesanti e a fornire energia pulita per case e aziende, secondo il Co-CEO Jonathan Maurer.
OPAL Fuels (Nasdaq: OPAL) ha asegurado los derechos de desarrollo para cuatro nuevos proyectos de producción de RNG en vertederos a través de asociaciones en joint venture. La participación del 50% de la compañía representa 1.5 millones de MMBtu de capacidad de diseño anual total. Se espera que la construcción comience en 2025, con instalaciones que se proyecta produzcan aproximadamente 20 millones de GGE (Equivalente de Galón de Gasolina) anualmente cuando estén completamente operativas.
Los proyectos tienen como objetivo contribuir a la descarbonización de las flotas de camiones pesados y proporcionar energía limpia para hogares y negocios, según el Co-CEO Jonathan Maurer.
OPAL Fuels (Nasdaq: OPAL)는 합작 투자 파트너십을 통해 네 개의 새로운 매립 RNG 생산 프로젝트에 대한 개발 권리를 확보했습니다. 회사의 50% 지분은 150만 MMBtu의 연간 설계 총 용량을 나타냅니다. 건설은 2025년에 시작될 예정이며, 시설이 완전히 가동되면 연간 약 2000만 GGE (가솔린 갤런 등가)를 생산할 것으로 예상됩니다.
이 프로젝트는 중량 화물 트럭의 탈탄소화에 기여하고 가정과 기업에 깨끗한 에너지를 제공하는 것을 목표로 하고 있다고 Co-CEO Jonathan Maurer는 말했습니다.
OPAL Fuels (Nasdaq: OPAL) a obtenu des droits de développement pour quatre nouveaux projets de production de RNG à partir de décharges grâce à des partenariats en coentreprise. La part de 50 % de l'entreprise représente 1,5 million de MMBtu de capacité de conception annuelle totale. La construction devrait commencer en 2025, avec des installations qui devraient produire environ 20 millions de GGE (Équivalent Gallon de Gazoline) par an lorsqu'elles seront pleinement opérationnelles.
Les projets visent à contribuer à la décarbonisation des flottes de camions lourds et à fournir une énergie propre pour les foyers et les entreprises, selon le Co-CEO Jonathan Maurer.
OPAL Fuels (Nasdaq: OPAL) hat sich Entwicklungsrechte für vier neue RNG-Produktionsprojekte aus Deponien durch Joint-Venture-Partnerschaften gesichert. Der 50%-Anteil des Unternehmens entspricht 1,5 Millionen MMBtu an aggregierter jährlicher Entwurfsleistung. Der Bau soll 2025 beginnen, wobei die Anlagen voraussichtlich jährlich etwa 20 Millionen GGE (Gasoline Gallon Equivalent) produzieren werden, wenn sie vollständig betriebsbereit sind.
Die Projekte zielen darauf ab, zur Dekarbonisierung von schweren Lkw-Flotten beizutragen und saubere Energie für Haushalte und Unternehmen bereitzustellen, so Co-CEO Jonathan Maurer.
- Secured 50% stake in four new RNG production facilities
- 1.5 million MMBtu annual design capacity addition
- 20 million GGE projected annual production capacity
- Strategic expansion of RNG portfolio through joint ventures
- Construction not starting until 2025
- Projects still in early development and engineering phase
- Requires significant capital investment for construction
Insights
OPAL Fuels' announcement of four new landfill RNG joint ventures represents a substantial capacity expansion for this small-cap renewable energy company. With OPAL's 50% share adding 1.5 million MMBtu of design capacity (equivalent to 10 million gasoline gallon equivalents annually), this development could significantly increase the company's production footprint and revenue potential.
The staged construction approach throughout 2025 suggests a disciplined capital deployment strategy, though investors should note that revenue generation will likely commence in 2026 at the earliest, given typical 12-18 month construction timelines for RNG facilities. The joint venture structure is particularly noteworthy as it allows OPAL to leverage partners' capital while maintaining meaningful economic interest, important for a company with balance sheet capacity relative to project costs.
These projects position OPAL to capitalize on favorable regulatory tailwinds in the RNG market, including Renewable Identification Numbers (RINs) under the federal Renewable Fuel Standard and state-level Low Carbon Fuel Standard (LCFS) credits. The landfill gas-to-RNG pathway typically qualifies for premium environmental attributes that can multiply the effective revenue per MMBtu by 2-3x compared to conventional natural gas prices.
For context, landfill RNG projects of this scale typically require $15-25 million in capital expenditure per facility, suggesting substantial investment across all four sites. The strategic focus on landfill gas, which offers more predictable feedstock than agricultural waste, indicates a pragmatic approach to project development and risk management in the competitive RNG landscape.
The four new projects would represent 1.5 million MMBtu of aggregate annual design capacity for OPAL Fuels
“We are very excited about adding these four new projects to our RNG portfolio,” said Jonathan Maurer, Co-CEO of OPAL Fuels. “As we continue to scale our operations and expand our pipeline of landfill gas projects, we continue to make a real impact on decarbonizing heavy-duty trucking fleets, and providing clean energy for homes and businesses.”
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 naturally occurring methane 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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For OPAL Fuels
Todd Firestone
Vice President Investor Relations and Corporate Development
914-705-4001
investors@opalfuels.com
Media
Zach Gorin
ICR, Inc.
OPALFuelsPR@icrinc.com
Source: OPAL Fuels, Inc.
FAQ
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