AMP Americas, a North American renewable natural gas (RNG) producer and marketer, says it has secured a $47 million equity commitment from energy-focused equity firm EIV Capital. The equity commitment will allow AMP Americas to pursue growth opportunities across its businesses, in particular to “invest in new biogas production, new fueling stations, and in growing our team,” said Grant Zimmerman, CEO.
AMP Americas provides clean, low cost natural gas and 100 percent renewable natural gas for vehicles. It operates three business units: Renewable Dairy Fuels produces 100 percent renewable natural gas at its biogas facility at Fair Oaks Farms in Indiana, ampCNG owns and operates a nationwide network of 20 public-access, ultra-fast fill CNG fueling stations, and ampRenew sources RNG for partner CNG stations and ampCNG stations and provides risk management to help fleets and station owners reduce risk and save money.
By taking advantage of an abundant domestic fuel source, dairy waste, and converting it into valuable, clean, carbon-negative transportation fuel, AMP Americas is saving fleets money, improving air quality and reducing GHG emissions.
“As an integrated clean energy company with production and distribution assets across the country, we wanted a partner with proven success in both the traditional and renewable energy sectors that could help us scale and execute our aggressive growth plans,” said Grant Zimmerman, CEO at AMP Americas. “[Houston-based] EIV Capital has an excellent track record growing energy businesses and will help us as we invest in new biogas production, new fueling stations, and in growing our team.”
A member of the Department of Energy’s National Clean Fleets Partnership tasked to reduce the nation’s dependency on imported oil, ampCNG builds, owns and operates a growing network of CNG fueling stations for long-haul trucking fleets.
Source: AMP Americas
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