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OPAL Fuels Completes Fifth Sale of IRA Investment Tax Credits
WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- OPAL Fuels (Nasdaq: OPAL) completed the sale of $23 million in Inflation Reduction Act (IRA) investment tax credits
About this update from Opal Fuels Inc.
[{"type":"text","content":" WHITE PLAINS, N.Y.--(BUSINESS WIRE)--\nOPAL Fuels (Nasdaq: OPAL) completed the sale of $23 million in Inflation Reduction Act (IRA) investment tax credits (ITCs) generated by the Atlantic Renewable Natural Gas (RNG) Facility, located in Egg Harbor Township in New Jersey. OPAL Fuels’ share of the ITCs sold was $11.5 million.\n\n\n“The completion of our fifth tax credit sale reflects continued momentum for OPAL Fuels and underscores the expanding opportunity in the renewable natural gas market,” said Jonathan Maurer, Co-Chief Executive Officer of OPAL Fuels. “RNG remains an important tool for lowering emissions, enhancing U.S. energy dominance, and provides tangible benefits to local communities.”\n\n\nThe project, which came online in 2025 and has a design capacity of 624,990 mmBtus of RNG per year, represents the first collaboration between OPAL Fuels and SJI as part of a previously announced joint venture to develop and operate RNG facilities.\n\n\nAbout OPAL Fuels\n\n\nOPAL Fuels (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.\n\n\nForward-Looking Statements\n\n\nCertain 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 impl...