OPAL Fuels, NextEra Energy Marketing and Republic Services Start Operations at Minnesota’s First Renewable Natural Gas Landfill Facility

WHITE PLAINS, NY–()–OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and marketer of renewable natural gas (RNG), and NextEra Energy Marketing, LLC, a subsidiary of NextEra Energy Resources, LLC, today announced the start of commercial operations in the first renewable natural gas landfill natural gas (RNG) production facility in Minnesota. The Pine Bend GNR Project is located in a landfill owned by Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, and interconnected with a pipeline owned by Xcel Energy (NASDAQ: XEL), the region’s leading electric and gas utility.

The new state-of-the-art RNG facility captures natural biogas, composed in part of methane, from the Pine Bend landfill and turns it into RNG. Methane is a natural byproduct from a variety of sources and is a potent greenhouse gas (GHG). RNG is the current solution to the current problem of climate change and is one of the most attractive sources of renewable energy.

This project replaces a landfill gas to power project, which has now been decommissioned. At full capacity, the facility is expected to treat approximately 3,350 SCFM of landfill gas, resulting in the production of 6.3 million gasoline gallon equivalents (GGE) per year of RNG. The low-carbon gas is then injected into the Xcel Energy pipeline. This RNG, when used as a transportation fuel rather than diesel, will avoid GHG emissions equivalent to achieving zero Scope 1 and Scope 2 emissions from approximately 484 heavy-duty trucks per year.

“The Pine Bend RNG project once again demonstrates the continued execution of OPAL Fuels’ growth strategy,” said Jonathan Maurer, co-CEO of OPAL Fuels. “With a long history in the recovery of waste-to-energy, we currently manage a large portfolio of RNG facilities, of which six are currently in operation, and six more are under construction. We are excited to work with the best partners to make this one-of-a-kind project in Minnesota a reality.

“We are excited to have the Pine Bend RNG facility operational,” said Rebecca Kujawa, President and CEO of NextEra Energy Resources. “This facility is in line with our belief that substantial reductions in carbon emissions in the power, industry and transportation sectors are possible, representing a significant investment opportunity in the decades to come. ”

“At Republic Services, we put sustainability into action through innovative partnerships, including this project with OPAL Fuels and NextEra Energy Resources,” said Matt Healy, president of Republic Services Midwest Area. “By using a natural renewable byproduct of the landfill, we can produce a low-carbon transportation fuel that helps Minnesota and our local community meet their climate action goals.”

“As the first U.S. energy provider to announce a comprehensive vision with ambitious goals to reduce greenhouse gas emissions across all modes of energy use by our customers, our collaboration with OPAL Fuels helps grow the market for renewable natural gas,” said Chris Clark, President. , Xcel Energy-Minnesota, North Dakota and South Dakota. “We are working to expand clean energy sources to benefit our customers and communities, and renewable natural gas and projects such as Pine Bend play an important role in our net zero emissions strategy for our business. of natural gas. »

About OPAL Fuels Inc.

OPAL Fuels Inc. (Nasdaq: OPAL) is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty market. RNG is a proven low carbon fuel that is rapidly decarbonizing the transportation industry while dramatically reducing fuel costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable and less expensive alternative to diesel fuel. The company also develops, builds and maintains RNG and hydrogen refueling stations. As a producer and distributor of carbon-reduced fuel for heavy-duty truck fleets for over a decade, OPAL Fuels provides complete renewable solutions to its customers and production partners. To learn more about OPAL Fuels and how it is leading efforts to capture North America’s harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.

About NextEra Resources, LLC

NextEra Energy Resources, LLC (together with its affiliated entities, “NextEra Energy Resources”) is a clean energy leader and one of the largest wholesale power generators in the United States, with approximately 24,600 megawatts of capacity of total net generation, primarily in 38 states and Canada at the end of 2021. NextEra Energy Resources, together with its affiliated entities, is the world’s largest producer of renewable energy from wind and solar based of 2021 megawatt-hours produced on a net generation basis, and a world leader in battery storage. The company operates clean, emission-free nuclear power generation facilities in New Hampshire and Wisconsin as part of NextEra Energy’s nuclear fleet. NextEra Energy Resources, LLC is a subsidiary of NextEra Energy, Inc., based in Juno Beach, Florida (NYSE:NEE). For more information, visit www.NextEraEnergyResources.com.

About Republic Services

Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the Company offers its customers the most comprehensive set of products and services, including recycling, solid waste, special waste, hazardous waste, container rental and on-site services. field. Republic’s industry-leading commitments to advancing circularity, reducing emissions and decarbonizing operations help realize its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses in eight western and midwestern states. Based in Minneapolis, the company is an industry leader in responsible carbon emissions reduction and in the production and delivery of clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.

Forward-looking statements

Certain statements contained in this communication may be deemed to be 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 events or future indicators of financial or other performance of OPAL Fuels (the “Company”). In some cases, you can identify forward-looking statements by words such as “believe”, “may”, “will”, “potentially”, “estimate”, “continue”, “anticipate”, “intend”. , “could,” “would,” “projects,” “targets,” “plans,” “expects” or the negative terms of these terms or variations thereof or similar terminology. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. New risks and uncertainties may arise from time to time and it is not possible to foresee all risks and uncertainties. These forward-looking statements are based on estimates and assumptions which, although considered reasonable by the Company and its management, as applicable, are inherently uncertain and subject to material change. Factors that could 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 titled “Risk Factors” and “Caution Regarding -Looking Statements” in the Proxy Circular/Prospectus filed June 21, 2022, as part of our registration statement on Form S-4, and d Other Documents Filed with the Securities and Exchange Commission. Nothing in this communication should be taken as a representation by anyone that the forward-looking statements set forth herein will be realized or that any of the results contemplated by such forward-looking statements will be achieved. You should not place undue reliance on the forward-looking statements contained in this communication, which speak only as of the date on which they are made and are qualified in their entirety by reference to the cautionary statements below. The Company expressly disclaims any obligation or undertaking to publicly release 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.


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