LCFS

Verde Clean Fuels, Inc. Reports 2023 Results

Retrieved on: 
Thursday, March 28, 2024
Alternative Energy, Energy, Oil, Gas, Permian, STG, Natural gas, Joint, Diamondback Energy, Gasoline, D3, FID, Research, Carbon, Fuel pump, JDA, GAAP, LCFS, Engineering, FANG

Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production plants to convert syngas derived from diverse feedstocks into gasoline, today reported full year 2023 GAAP diluted net loss per share of $(0.45).

Key Points: 
  • Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production plants to convert syngas derived from diverse feedstocks into gasoline, today reported full year 2023 GAAP diluted net loss per share of $(0.45).
  • Verde is continuing the selection process for FEED/EPC services for the Cottonmouth Ventures Permian Basin project.
  • Verde is proceeding with selection of a front end engineering and design (“FEED”) partner and an engineering, procurement, and construction (“EPC”) partner.
  • With the execution of the Cottonmouth Ventures JDA, Verde expects to finalize its partner selections soon.

Gevo Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024
Carbon, Engineering, Inflation, LG Chem, Depreciation, Research, Aviation, Renewable natural gas, LCFS, British thermal unit, Investment, Farmer, Growth, Sale, GEVO, SAF, GAAP, Interest, Plastic, Department of the Treasury, Agriculture, Treasury, Workforce, USDA, Ethanol, RNG, Cryptocurrency

ENGLEWOOD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) (“Gevo”, the “Company”, “we”, “us” or “our”) today announced financial results for the fourth quarter and full year 2023 and recent corporate highlights.

Key Points: 
  • ENGLEWOOD, Colo., March 07, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) (“Gevo”, the “Company”, “we”, “us” or “our”) today announced financial results for the fourth quarter and full year 2023 and recent corporate highlights.
  • Net-Zero 1 and 2024 Expected Uses of Cash: We ended the fourth quarter with cash, cash equivalents, and restricted cash of $375.6 million.
  • Verity: In the third quarter of 2023, our Verity Tracking platform went live with farmers in South Dakota and Minnesota.
  • Gevo NW Iowa RNG generated positive, stand-alone non-GAAP cash EBITDA1 of $1.3 million for the fourth quarter.

Aemetis Announces Updated Five Year Plan Projecting Growth to $1.95 Billion of Revenue and $645 Million of Adjusted EBITDA in 2028

Retrieved on: 
Tuesday, February 20, 2024
Carbon, Engineering, Inflation, AI, Ethanol, Aviation, LCFS, Natural gas, Growth, Sale, CEQA, Oil, CCUS, CO2, Mechanical vapor recompression, Electricity, EPA, IRA, MVR, USDA, RNG, Renewable energy

The 2024 Plan states revenues are expected to grow at a compound annual growth rate of 38%, and adjusted EBITDA is expected to grow at a projected compound annual growth rate of 83% for the years 2024 to 2028.

Key Points: 
  • The 2024 Plan states revenues are expected to grow at a compound annual growth rate of 38%, and adjusted EBITDA is expected to grow at a projected compound annual growth rate of 83% for the years 2024 to 2028.
  • The presentation also describes the tax credits expected to be received by Aemetis from the Inflation Reduction Act (IRA) for its renewable fuel and sequestration projects.
  • “Additionally, Aemetis closed $50 million of new USDA funding and received $55 million from the sale of IRA tax credits in the past year.
  • The Five Year Plan for Aemetis Dairy RNG operations projects revenues will grow from $18 million in 2024 to $190 million in 2028, while Dairy RNG project EBITDA is expected to expand from $7 million in 2024 to $123 million in 2028.

Nodal Exchange achieves February trading records as power market grows 30% and environmental market grows 133%

Retrieved on: 
Thursday, March 7, 2024
Finance, Other Energy, Utilities, Oil, Gas, Coal, Professional Services, Alternative Energy, Energy, Nuclear, REC, Exchange, Registry, LCFS, Growth, Calendar, NAR, CRS, Wind

This represents Nodal Exchange’s highest volume month ever, surpassing Nodal’s prior monthly record volume of 325.2 million MWh of traded power futures volume in February 2022.

Key Points: 
  • This represents Nodal Exchange’s highest volume month ever, surpassing Nodal’s prior monthly record volume of 325.2 million MWh of traded power futures volume in February 2022.
  • Nodal continues to be the market leader in North American power futures having the majority of the open interest with 1.35 billion MWh at the end of February.
  • Nodal also posted a calendar month trading record for February in its environmental markets with 50,085 lots traded, up 133% from 21,538 lots a year earlier.
  • “Nodal Exchange is proud to see such significant growth in its power and environmental markets,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear.

Xpansiv Managed Solutions Tops 100,000 Solar Power Systems, 1.5GW Capacity

Retrieved on: 
Thursday, March 7, 2024
Software, EV, Electric Vehicles, Environmental Policy, Utilities, Alternative Energy, Energy, Technology, Automotive, Environment, Construction & Property, Green Technology, Building Systems, Carbon, Acquisition, LCFS, Renewable resource, Transport, REC, Growth, Registry, Renewable energy

Managed Solutions’ deep market knowledge and responsive customer service, combined with intuitive, readily scalable software, helps clients navigate complex regional renewable energy markets and maximize their investment in renewable energy.

Key Points: 
  • Managed Solutions’ deep market knowledge and responsive customer service, combined with intuitive, readily scalable software, helps clients navigate complex regional renewable energy markets and maximize their investment in renewable energy.
  • Managed Solutions software is integrated with the leading solar monitoring and design tools as well as renewable energy certificate (REC) registries and registration programs.
  • Xpansiv formed the Managed Solutions division following the acquisition of SRECTrade in 2021.
  • In California’s Low Carbon Fuel Standard (LCFS) program, Managed Solutions is the largest independent manager of electric vehicle charging station carbon credits.

Vertex Energy Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024
Environment, Utilities, Oil, Gas, Alternative Energy, Green Technology, Energy, Total, Soybean, LCFS, Growth, Gasoline, Vertex, Sale, Adjustment, Carbon, Rapeseed oil, KPI, Fuel oil, Pharmaceutical industry

Vertex Energy, Inc. (NASDAQ: VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • Vertex Energy, Inc. (NASDAQ: VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the fourth quarter ended December 31, 2023.
  • The Company will host a conference call to discuss fourth quarter 2023 results today, at 8:30 A.M. Eastern Time.
  • Vertex reported fourth quarter 2023 net loss attributable to the Company of ($63.9) million, or ($0.84) per fully-diluted share, versus net income attributable to the Company of $44.4 million, or $0.07 per fully-diluted share for the fourth quarter of 2022.
  • As previously communicated, the Company expected that the initial default level LCFS credits would be applied to all volumes of renewable diesel produced during the third and fourth quarter of 2023 and to contribute to financial results in the fourth quarter.

Ameresco Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Environment, Commercial Building & Real Estate, Construction & Property, Oil, Gas, Building Systems, Alternative Energy, Sustainability, Green Technology, Energy, LCFS, BESS, Growth, PPA, Adjustment, EPS, Asset, Watt, RNG, Renewable energy

After subtracting Ameresco’s partners’ minority interests, Ameresco’s owned capacity of Assets in Development at quarter end was 669 MWe.

Key Points: 
  • After subtracting Ameresco’s partners’ minority interests, Ameresco’s owned capacity of Assets in Development at quarter end was 669 MWe.
  • Increased net assets in development by 63 MW in the fourth quarter driven by increased solar and BESS activity.
  • Ameresco continued to grow its innovative BESS energy assets under development with the upcoming installation of a 50 MW / 200 MWh system with Silicon Valley Power.
  • The military market continued to show significant interest in installations that provide resiliency to military installations around the world.

Argus launches first Canadian CFR road fuel spot price assessments

Retrieved on: 
Thursday, February 29, 2024
LCFS, Gasoline, News, Argus Media, Ethanol, CFR, Carbon, Renewable energy

HOUSTON, Feb. 29, 2024 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched a Canadian Clean Fuel Regulation (CFR) spot market assessment to bring new price transparency to the supply chain and enable fuel manufacturers to understand the cost of complying with environmental legislation for each litre of gasoline or diesel they sell.

Key Points: 
  • HOUSTON, Feb. 29, 2024 /PRNewswire/ -- Global energy and commodity price reporting agency Argus has launched a Canadian Clean Fuel Regulation (CFR) spot market assessment to bring new price transparency to the supply chain and enable fuel manufacturers to understand the cost of complying with environmental legislation for each litre of gasoline or diesel they sell.
  • The new daily price represents the first assessment of the Canadian CFR market underpinned by traditional survey assessment methodology.
  • Argus Media chairman and chief executive Adrian Binks said: "The significant changes under way in low carbon fuel standard (LCFS) programs in North America make Argus price assessments, news and analysis of these markets essential.
  • It assesses the Canadian CFR market and offers four quarters of pricing for California's LCFS and Oregon's Clean Fuels Program.

Third Year of Record Growth for U.S. Biogas Industry; Expected to Continue in 2024

Retrieved on: 
Tuesday, February 13, 2024
Carbon, Soil, Atmosphere, SCFM, RFS, LCFS, Natural gas, Gasoline, Transport, Animal, Growth, Methane, ABC, Food, Water quality, Electricity, Recycling, LFG, Human, Water, RNG, Renewable energy

WASHINGTON, Feb. 13, 2024 /PRNewswire/ -- Newly-released data from the American Biogas Council (ABC) indicates that 2023 was the third year of record growth across the U.S. biogas industry,1 with nearly 100 new projects coming online last year, representing $1.8 billion in capital investments. ABC expects this growth to continue into 2024, with more than 100 new projects already projected to go into operation this year.

Key Points: 
  • ABC expects this growth to continue into 2024, with more than 100 new projects already projected to go into operation this year.
  • The growth of the U.S. biogas industry goes beyond increased domestic investments and renewable energy production.
  • This growth accounts for 57% of 2023 capital investments and a corresponding 67% of new U.S. biogas production capacity.
  • The inability for biogas projects to participate in the RFS when fueling electric vehicles continues to suppress growth in new power projects.

Fueling the Future: Biofuels Global Market Soars to $125.9 Billion in 2023, Eyes $143.8 Billion by 2028: BCC Research Analyst

Retrieved on: 
Tuesday, February 6, 2024
Carbon, Nature, Ethanol, Plant, Growth, Research, Incentive, Transport, International finance, Biofuel, Low-carbon fuel standard, LCFS, Air travel, SAF, Renewable energy

BOSTON, Feb. 6, 2024 /PRNewswire/ -- Discover the amazing world of Biofuels: Global Markets – where nature and technology team up for a cleaner planet! Dive into the story of renewable energy that's changing the game globally. Learn how biofuels are making our world greener and energy smarter. It's not just about fuel; it's about a brighter, cleaner future for us all. This is the story of how biofuels are changing the way we power our world, making it greener and more sustainable. Get ready to explore the exciting global market of biofuels and the positive impact it's having on our planet.

Key Points: 
  • This is the story of how biofuels are changing the way we power our world, making it greener and more sustainable.
  • Get ready to explore the exciting global market of biofuels and the positive impact it's having on our planet.
  • The final sections showcase a competitive landscape of the global biofuel market and explore emerging technologies in the sector.
  • These measures contribute to the growth of the biofuels market, fostering a cleaner and more environmentally friendly energy sector.