- Renewable transportation fuel industry pioneer Amp Americas announced it raised $75 million led by EIV Capital
Amp Americas — a pioneer in the renewable transportation fuel industry — announced it has raised $75 million for new dairy RNG projects. This round of funding was led by EIV Capital with participation from existing Amp investors. Plus the company also announced the successful closing of new investment by an unnamed infrastructure investor in its three flagship Indiana dairy Renewable Natural Gas (RNG) projects — which the largest on-farm biogas to fuel operations in the country.
The $75 million investment round is going to support Amp Americas’ continued investment in new dairy RNG projects. And the company is set to break ground on two additional midwestern dairy biogas projects later this year with operations to begin in the fall of 2020.
“We’re excited about this new chapter of growth. We will continue to promote the proliferation of RNG to improve air quality and to reduce greenhouse gas emissions through both the development of new dairy RNG projects as well as with our marketing and risk management business,” said Grant Zimmerman — the CEO of Amp Americas. “Our newest partner is a strong company with an established track record in this space, and our Indiana assets fit well with their large and growing portfolio of digester-based waste-to-energy projects.”
The new investment in Amp’s flagship RNG projects announced today also supports the continued growth and momentum that Amp Americas has built within the dairy RNG business as the first company to bring dairy RNG to market and the only producer that delivers dairy RNG to California fleets under the Low Carbon Fuel Standard. Amp Americas maintains an interest in the Indiana projects. And Amp Americas will continue to operate and manage the landmark biogas facilities, market the RNG to fleet customers, and manage commercial risk for the projects.
Another announcement Amp Americas made today is that the company launched an operating services business and the expansion of its RNG marketing and risk management business. This move brings the company’s unique expertise and capability in biogas operations and gas marketing to other RNG producers, fleets, and their capital partners.
