Blue Bird ends joint venture with Generate Capital, appoints new executive officer
EGG HARBOR TOWNSHIP, N.J. - OPAL Fuels Inc. (NASDAQ:OPAL), a $395 million market cap renewable energy company currently trading below its InvestingPro Fair Value, and South Jersey Industries (SJI) announced Monday that their renewable natural gas (RNG) facility at Atlantic County Utilities Authority’s (ACUA) solid waste landfill in Egg Harbor Township has commenced commercial operations.
The facility captures and processes landfill gas into RNG for use as transportation fuel, marking the first project to deliver RNG into South Jersey Gas’s pipeline system. With a nameplate capacity of 2,500 SCFM of landfill gas, the facility is expected to produce more than 650,000 MMBtu or over 4.6 million gasoline gallon equivalent per year of RNG. This expansion aligns with OPAL Fuels’ impressive 12.2% revenue growth over the last twelve months.
"This project reduces emissions, improves local air quality, creates jobs, and strengthens American energy independence," said Adam Comora, Co-Chief Executive Officer of OPAL Fuels.
The project represents the first collaboration between OPAL Fuels and SJI under their previously announced 50/50 joint venture to develop RNG facilities. A second collaboration, the Burlington RNG Facility in Florence Township, New Jersey, is currently in development.
"This project underscores our commitment to innovation and continuing efforts in renewable energy solutions," said Chet Benham, President of SJI Renewable Energy Ventures.
ACUA President Matthew DeNafo noted that the project makes ACUA "the first public solid waste facility in New Jersey to host an RNG project."
A ribbon-cutting ceremony at the facility is planned for later in October 2025.
The information in this article is based on a press release statement from the companies involved.
In other recent news, Opal Fuels Inc. reported its financial results for the second quarter of 2025, which showed a significant miss on earnings and revenue forecasts. The company’s earnings per share (EPS) were $0.03, falling short of the expected $0.10, resulting in a 70% negative surprise. Additionally, revenue was reported at $80.5 million, below the forecasted $86.27 million. In another development, Opal Fuels announced that Lance Moll, a veteran from FedEx Freight, will join its board of directors effective October 1, 2025. Moll brings over three decades of experience in logistics and transportation, having previously served as President and CEO of FedEx Freight. During his leadership, FedEx Freight saw a 30% increase in revenue and nearly tripled its operating income. These developments mark recent changes and challenges for Opal Fuels.
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