Ameresco and HASI Establish Neogenyx Fuels Joint Venture Valued at $1.8 Billion
Ameresco and HA Sustainable Infrastructure Capital have formed Neogenyx Fuels, a joint venture focused on advanced biofuels. This initiative aims to leverage a $400 million investment from HASI to enhance growth and position the venture as a leader in the renewable natural gas market.
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Ameresco, Inc. and HA Sustainable Infrastructure Capital, Inc. have announced the formation of Neogenyx Fuels, with an enterprise value of $1.8 billion. Ameresco will retain a 70% stake while HASI will hold 30% and invest $400 million, of which $300 million will directly support Neogenyx Fuels.
The closing of this transaction is expected within the quarter. Neogenyx Fuels will focus on advanced fuel solutions and aims to capitalize on the expected growth in the renewable natural gas sector, projected to rise from 139-153 million MMBtu/y to 612 million MMBtu/y by 2030. With Ameresco's experience in biogas projects, the joint venture is positioned for significant expansion, potentially influencing job creation and the U.S. energy landscape.
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