OPAL Fuels Hosts Congressman Brad Finstad at Operations Hub in Oronoco, Minnesota
Minnesota facility provides service, parts, and equipment for OPAL Fuels’ national fueling-station network supporting
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OPAL Fuels (Nasdaq: OPAL), a vertically integrated and nationwide leader in the production and distribution of renewable and compressed natural gas (RNG and CNG) used as transportation fuel for heavy-duty trucking, welcomed Congressman Brad Finstad (MN-01) to its Oronoco facility for a firsthand look at the central operations hub that supports the company’s nationwide network of nearly 300 CNG fueling stations.
The Oronoco facility serves as the operational backbone for OPAL Fuels’ national service organization, supporting more than 8,000 Class 8 trucks across the company’s fueling network each day. From this hub, employees support field teams and fueling stations across the country through centralized management dashboards, remote monitoring, safety oversight and coordinated service. These capabilities help OPAL Fuels deliver industry-leading station availability and the reliability required by fleets operating across logistics, refuse, transit, municipal services, food and beverage distribution, construction and other demanding applications nationwide.
“Oronoco sits at the heart of our nationwide operations, providing the expertise, technology and support that help keep our network running safely and reliably every day,” said Adam Comora, Co-Chief Executive Officer of OPAL Fuels. “We were pleased to welcome Congressman Finstad to Oronoco and provide an up-close view of the people, capabilities and infrastructure that help power our operations across the country. These capabilities provide real-time visibility across the network and help ensure safe, reliable operations while enabling rapid response to customer and operational needs.”
“It was great to visit OPAL Fuels’ Oronoco facility and see their continued investment into southern Minnesota and renewable natural gas firsthand,” said Rep. Finstad. “As a critical component of the company’s renewable fuel supply chain, this operations hub sits at the heart of their fueling network that’s powering our trucking industry. In Congress, I’ll continue fighting to advance policies that support domestic energy security and increased renewable fuel demand. Thank you to the entire team at OPAL for having me and for their work to strengthen our backyard.”
The work performed in Oronoco supports a vertically integrated renewable fuels platform built over more than 25 years of capturing methane from landfills and dairies and converting it into renewable fuel and power. The company currently operates 12 RNG projects nationwide, with eight more under construction or in development, and supplies approximately 12% of the RNG dispensed in the United States.
The company also constructs between 35% and 40% of the nation’s new CNG fueling stations each year, demonstrating how waste-derived fuel can be scaled to help heavy-duty fleets reduce emissions and exposure to diesel-price volatility. Based on average annual fuel use, the more than 8,000 Class 8 trucks supported by OPAL Fuels’ network represent more than 100 million gasoline gallon equivalents of demand each year – fueling that would otherwise typically be supplied by diesel.
Congressman Finstad’s visit also highlighted OPAL Fuels’ continued investment in Minnesota’s First Congressional District and the skilled employees at the Oronoco facility. The facility also houses approximately $4 million in parts inventory that help OPAL Fuels’ supply technicians with critical components and reduce downtime at stations. Used equipment is returned to the facility, where employees remanufacture and rebuild parts for reuse rather than automatically purchasing new replacements, extending equipment life, strengthening supply availability and supporting more efficient use of resources.
About OPAL Fuels
OPAL 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 decarbonize 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.
Forward-Looking Statements
Certain 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 implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include various factors beyond management’s control, including, but not limited to, general economic conditions and other risks, uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q, and other filings it makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Except as required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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