Welcome to our dedicated page for OPAL Fuels news (Ticker: OPAL), a resource for investors and traders seeking the latest updates and insights on OPAL Fuels stock.
OPAL Fuels Inc (OPAL) drives innovation in renewable natural gas solutions for heavy-duty transportation and industrial decarbonization. This news center provides stakeholders with authoritative updates on the company's infrastructure projects, operational milestones, and environmental impact initiatives.
Discover official announcements covering RNG production growth, fueling station network expansions, and strategic partnerships within the clean energy sector. Our curated selection enables efficient tracking of OPAL's progress in replacing diesel with sustainable alternatives across commercial fleets and manufacturing operations.
Regular updates include financial performance reports, regulatory compliance developments, and technological advancements in biogas upgrading systems. This resource simplifies monitoring OPAL's integrated approach to renewable energy solutions while maintaining neutral, factual reporting standards.
Bookmark this page for direct access to OPAL Fuels' latest corporate announcements and industry analysis. Stay informed about critical developments in renewable fuel infrastructure through comprehensive coverage of operational achievements and market positioning.
OPAL Fuels (Nasdaq: OPAL) has appointed Darrell P. Birck as Executive Vice President of Biogas, effective immediately. Birck will lead the company's biogas construction and operations businesses, reporting to Co-CEOs Adam Comora and Jonathan Maurer. The appointment comes as OPAL Fuels operates 11 renewable natural gas (RNG) facilities, having doubled its annual design capacity over the past two years. Birck brings over 25 years of leadership experience in energy and industrial sectors, previously serving at Koch Industries, DEPCOM Power, Georgia Pacific Corrugated, and Flint Hill Resources.
OPAL Fuels reported strong Q3 2024 results with revenue of $84.0 million, up 18% year-over-year. Net income reached $17.1 million, with earnings per share of $0.09. The company now operates 11 RNG facilities with an annual design capacity of 8.8 million MMBtu, doubling capacity over two years. RNG production increased 43% to 1.0 million MMBtu in Q3, while RNG sold as transportation fuel grew 80% to 19.6 million GGEs. Two facilities commenced operations: Sapphire RNG project (joint venture with GFL) and Polk County facility. The company maintains its 2024 guidance and has six projects under construction adding 2.6 million MMBtu of capacity.
OPAL Fuels (Nasdaq: OPAL) has started construction on a new landfill-gas-to-RNG facility at the Kirby Canyon Landfill in Santa Clara County, California. The facility, fully owned by OPAL Fuels, will have an initial annual design capacity of 0.66 million MMBtus, capable of producing approximately 5.1 million gas gallons equivalent of renewable natural gas annually. The project will capture biogas from organic material decomposition and convert it into RNG, which will be distributed through OPAL's fueling station network to heavy-duty trucks as an alternative to diesel fuel. This marks OPAL's 17th RNG project and their first in California.
OPAL Fuels has commenced commercial operations at its new renewable natural gas (RNG) facility at the Polk County municipal landfill in Florida. This marks the company's eleventh operational RNG project and second facility in Florida. The facility has a nameplate design capacity of approximately 1.1 million MMBtu of RNG annually, equivalent to 8.5 million gasoline gallon equivalents. The produced RNG will primarily replace diesel transportation fuel, reducing greenhouse gas emissions equivalent to achieving zero Scope 1 and 2 emissions from over 900 heavy-duty trucks. With this and the recent Sapphire project, OPAL now has approximately 8.8 million MMBtu of annual nameplate design capacity in operation, up 5.0 million MMBtu since becoming public in 2022.
OPAL Fuels (Nasdaq: OPAL), a vertically integrated provider of renewable natural gas (RNG) and renewable electricity, has scheduled its Q3 2024 earnings release for Thursday, November 7, 2024, after market close. The company will host a conference call on Friday, November 8, 2024, at 11:00 a.m. Eastern Time. Investors can access the presentation through a webcast link or the company's Investor Relations website.
GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) and OPAL Fuels Inc. (Nasdaq: OPAL) have announced the commencement of commercial operations at their second renewable natural gas (RNG) facility through their joint venture, Paragon RNG. The facility, located at the Sampson County Landfill in Roseboro, North Carolina, is now producing and injecting pipeline-quality RNG.
The Sampson RNG facility has a nameplate design capacity of approximately 1.6 million MMbtu (12.4 million GGE) per year of RNG. When used as transportation fuel to replace diesel, this RNG can reduce fleet operating costs and avoid GHG emissions equivalent to achieving zero Scope 1 and Scope 2 emissions from more than 900 heavy-duty trucks.
This project marks OPAL Fuels' 10th operational plant, bringing their operating portfolio to approximately 7.8 million MMBtu of annual nameplate design capacity, more than tripling over the past 30 months.
OPAL Fuels Inc. (Nasdaq: OPAL) has announced the opening of its third fueling station in El Centro, CA, in partnership with GT Carriers Inc. This expansion brings their annual fuel supply to 1.7 million GGEs across three fueling stations. The new station, set to begin operations in December, is part of OPAL Fuels' network of over 300 stations across the U.S.
The collaboration aligns with OPAL Fuels' mission of "Cleaner, Cheaper, Now," focusing on delivering cleaner fuel solutions for heavy-duty fleets. These strategically located stations near major Southern California transit routes enable GT Carriers to efficiently transport agricultural products throughout the southwestern United States while reducing carbon emissions and diesel fuel costs.
OPAL Fuels' Fuel Station Services business segment continues to grow, supported by customers like GT Carriers who recognize the benefits of RNG in lowering fuel costs and carbon footprint.
OPAL Fuels Inc. (Nasdaq: OPAL) has announced the sale of approximately $11.1 million of Inflation Reduction Act (IRA) investment tax credits to a subsidiary of Apollo Global Management, Inc. This sale represents OPAL Fuels' stake in the tax credits generated by the Emerald RNG facility, a joint venture 50% owned by OPAL Fuels. The Emerald RNG facility, with a nameplate capacity of 10,000 scfm, is one of the largest landfill RNG facilities in North America.
Jonathan Maurer, Co-CEO of OPAL Fuels, stated that the sale provides additional liquidity to fund strategic growth initiatives. He views the IRA as favorable for the renewable energy industry and an important driver of investment across their project pipeline over the next several years. The transaction marks OPAL Fuels' first IRA tax credit sale, highlighting the company's efforts to capitalize on the benefits provided by the Inflation Reduction Act for renewable fuel projects.
OPAL Fuels Inc. (Nasdaq: OPAL) reported solid Q2 2024 results, maintaining its 2024 financial objectives. Key highlights include:
- Revenue increased 29% to $71.0 million for Q2 2024
- Adjusted EBITDA rose to $18.9 million, driven by growing RNG production and improved margins
- RNG production increased 50% to 0.9 million MMBtu for Q2 2024
- Added Burlington RNG facility to in-construction portfolio, bringing total projects to 16
- Maintaining 2024 Adjusted EBITDA guidance of $90-100 million
- RNG production guidance adjusted to 4.0-4.4 million MMBtu for 2024
- Capex maintained at $230.0 million for 2024
The company remains well-positioned to capitalize on strong market fundamentals for biogenic methane emissions capture and conversion.
South Jersey Industries (SJI) and OPAL Fuels (Nasdaq: OPAL) have commenced construction on a Renewable Natural Gas (RNG) facility at the Burlington County Resource Recovery Complex in Florence Township, NJ. The facility will produce nearly 0.92 million MMBtus of RNG annually, equivalent to approximately 6.5 million gas gallons, using methane from landfill decomposition. OPAL Fuels will distribute the RNG to heavy-duty trucks, reducing emissions and fuel costs. The project aims to displace over 530,000 metric tons of CO2 annually, addressing methane and transportation emissions. This is the second collaboration between SJI and OPAL Fuels to advance renewable energy solutions in New Jersey.
