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EGG HARBOR TOWNSHIP, N.J. - SJI and OPAL Fuels (NASDAQ:OPAL), a renewable energy company currently valued at $468 million with impressive revenue growth of 12% over the last twelve months, have opened a renewable natural gas (RNG) facility at the Atlantic County Utilities Authority’s (ACUA) landfill in Egg Harbor Township, marking the first project to deliver RNG directly into South Jersey Gas pipelines. According to InvestingPro analysis, OPAL Fuels appears undervalued at its current trading price of $2.67.
The facility will capture landfill gas and convert it into renewable natural gas that will be used as transportation fuel and supplied to homes and businesses in the South Jersey Gas service territory.
With a nameplate capacity of 2,500 SCFM of landfill gas, the facility is expected to produce more than 650,000 MMBtu of RNG annually, equivalent to nearly 4.6 million gallons of gas.
"This project underscores our commitment to innovation and continuing efforts in renewable energy solutions," said Chet Benham, President of SJI Renewable Energy Ventures, according to the press release.
The project represents the first collaboration between SJI and OPAL Fuels as part of their previously announced 50/50 joint venture to develop and operate RNG facilities.
Once fully operational, the RNG production is expected to reduce methane emissions from the landfill and avoid over 346,000 metric tons of carbon dioxide per year by reducing the volume of methane gas combusted at the facility.
ACUA President Matthew DeNafo noted that the project aligns with the utility authority’s commitment to "transform waste into a resource and improve our environment."
The project’s opening ceremony was attended by local and state elected officials along with company leadership from the partnering organizations.
SJI is an energy infrastructure holding company based in Folsom, N.J., while OPAL Fuels specializes in the capture and conversion of biogas into renewable natural gas and renewable electricity.
In other recent news, OPAL Fuels Inc. reported its financial results for the second quarter of 2025, showing a significant shortfall in both earnings per share (EPS) and revenue. The company’s EPS was $0.03, falling short of the expected $0.10, while revenue reached $80.5 million, below the anticipated $86.27 million. Additionally, OPAL Fuels, in partnership with South Jersey Industries, has launched a renewable natural gas facility in New Jersey. This facility, located at the Atlantic County Utilities Authority’s landfill, is designed to convert landfill gas into renewable natural gas for transportation fuel. It is expected to produce over 650,000 MMBtu annually. In governance news, Lance Moll, a seasoned professional from FedEx Freight, has been appointed to the OPAL Fuels board of directors, effective October 2025. Moll’s extensive experience in logistics and transportation is anticipated to bring valuable insights to the company. These developments come amid a challenging financial quarter for OPAL Fuels.
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