\nNextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has agreed to sell $5.0 million of Series C Convertible Preferred Stock (Series C Preferred Stock). The Series C Preferred Stock is being issued in a private placement to TEP Next Decade, LLC, an affiliate of Energy & Power Transition Partners, LLC (EPTP).\n<\/p>\n
\nEPTP is a private equity fund whose goal is to catalyze cleaner, smarter energy and digital industries through investments that drive meaningful value for both its investors and the environment alike. NextDecade\u2019s focus on green LNG and carbon capture and storage fit firmly within EPTP\u2019s transitional energy investment strategy.\n<\/p>\n
\n\u201cNextDecade is pleased to welcome Energy & Power Transition Partners as an investor,\u201d said Matt Schatzman, NextDecade\u2019s Chairman and Chief Executive Officer. \u201cWe share EPTP\u2019s vision of making North America\u2019s power and energy systems more sustainable and through NextDecade\u2019s wholly-owned subsidiary, NEXT Carbon Solutions, we are helping lead the way by reducing the costs of carbon capture and storage projects.\u201d\n<\/p>\n
\n\u201cThe investment in NextDecade is consistent with EPTP\u2019s mission, which is to provide society with carbon neutral solutions for the delivery of reliable energy resources,\u201d said Pat Eilers, EPTP\u2019s Founder and Managing Partner. \u201cNextDecade is the global pioneer in green LNG as a result of the unique combination of its NEXT Carbon Solutions business with its low-cost Rio Grande LNG project. EPTP is thrilled to support NextDecade as it commercializes its differentiated energy solutions.\u201d\n<\/p>\n
\nThe offer and sale of the Series C Preferred Stock has not been, and will not be, registered under the Securities Act of 1933 (Securities Act), or any other securities laws, and the Series C Preferred Stock cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n
About NextDecade Corporation<\/b><\/p>\n
\nNextDecade Corporation is a clean energy company accelerating the path to a net-zero future. Leading innovation in greener LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO2<\/sub> emissions at their industrial-scale facilities.\n<\/p>\n \nNextDecade\u2019s common stock is listed on the Nasdaq Stock Market under the symbol \u201cNEXT.\u201d NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com<\/a>.\n<\/p>\n About Energy & Power Transition Partners<\/b><\/p>\n \nEnergy & Power Transition Partners, LLC (EPTP), founded in 2020 by Pat Eilers, is a private equity firm with a strategic investment focus in renewable energy, energy & digital technology and transitional energy. These investment opportunities facilitate the ongoing transition to a cleaner, lower-emission energy sector. EPTP leadership has been at the forefront of the energy transition for the past 20+ years, and strives to continue to pioneer our core sectors through an experienced and proven team of investment professionals. Starting September 1, EPTP will operate as Transition Equity Partners (TEP).\n<\/p>\n NextDecade Forward-Looking Information<\/b><\/p>\n \nThis press release contains certain statements that are, or may be deemed to be, \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this presentation, including statements regarding the future results of operations and financial position of NEXTDecade Corporation and its subsidiaries (collectively, the \u201cCompany\u201d), its strategy and plans, and its expectations for future operations, are forward-looking statements. The words \u201canticipate,\u201d \u201ccontemplate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cbelieve,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201ccan have,\u201d \u201clikely,\u201d \u201ccontinue,\u201d \u201cdesign\u201d and other words and terms of similar expressions, are intended to identify forward-looking statements.\n<\/p>\n \nThe Company has based these forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, strategy, short-term and long-term business operations and objectives and financial needs. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, actual results could differ from those expressed in its forward-looking statements. The Company\u2019s future financial position and results of operations as well as any forward-looking statements are subject to change and inherent risks and uncertainties. You should consider the Company\u2019s forward-looking statements in light of a number of factors that may cause actual results to vary from its forward-looking statements regarding general business activities or its liquefied natural gas (\u201cLNG\u201d) and carbon capture, utilization, and storage (\u201cCCUS\u201d) business lines including, but not limited to: progress and timing in the development of and final investment decision (\u201cFID\u201d) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the \u201cTerminal\u201d)\u037e the successful completion of the Terminal by third-party contractors and a pipeline to supply gas to the Terminal being developed by a third-party (the \u201cPipeline\u201d)\u037e the Company\u2019s ability to develop its CCUS business line through deployment and operation of carbon capture and storage (\u201cCCS\u201d) processes that capture and store carbon dioxide (\u201cCO2<\/sub>\u201d) emissions at third-party facilities and at the Terminal (the \u201cCCS project\u201d); the accuracy of estimated costs for the Terminal, the CCS project, and implementation of the CCS processes at third-party facilities\u037e statements that the Terminal, the CCS project, and the CCS processes, when completed or implemented, will have certain characteristics, including amounts of liquefaction capacities or amount of CO2<\/sub> captured and stored\u037e the development risks, operational hazards, and regulatory approvals applicable to the Company\u2019s LNG and CCUS development, construction, and operations activities\u037e the global demand for and price of LNG\u037e the availability of LNG vessels worldwide\u037e changes in legislation and regulations relating to the LNG and CCUS industries, including environmental laws and regulations that impose significant compliance costs and liabilities\u037e lack of broad implementation of carbon pricing regimes aimed at reducing greenhouse gas emissions that reasonably price emission costs; global development and maturation of emissions reduction credit\/offset markets; adverse changes to existing and planned CCUS tax incentive regimes; global pandemics, including the 2019 novel coronavirus pandemic, and their impact on the Company\u2019s business and operating results, including any disruptions in the Company\u2019s operations or development activities and the health and safety of the Company\u2019s employees, and on the Company\u2019s customers, the global economy, the demand for LNG, and number and scale of implemented CCS projects\u037e risks related to doing business in and having counterparties in foreign countries\u037e technological innovation which may lessen the Company\u2019s anticipated competitive advantages\u037e the Company\u2019s ability to secure additional corporate and\/or project debt and equity financing in the future at levels required to execute its business plans; the Company\u2019s ability to maintain the listing of its securities on a securities exchange or quotation medium\u037e changes adversely affecting the business in which the Company is engaged\u037e management of growth\u037e general economic conditions\u037e the Company\u2019s ability to generate cash\u037e compliance with environmental laws and regulations\u037e and the result of future financing efforts and applications for customary tax incentives.\n<\/p>\n \nAdditional factors that you should consider are set forth in detail in the \u201cRisk Factors\u201d section of the Company’s most recent Annual Report on Form 10-K as well as other filings the Company has made and will make with the Securities and Exchange Commission which, after their filing, can be found on the Company\u2019s website, www.next-decade.com<\/a>.\n<\/p>\n \nShould one or more of the foregoing risks or uncertainties materialize in a way that negatively impacts the Company, or should its underlying assumptions prove incorrect, its actual results may vary materially from those anticipated in its forward-looking statements and, its business, financial condition and results of operations could be materially and adversely affected. You should not rely upon forward-looking statements as predictions of future events. In addition, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company cautions readers that the information contained in this presentation is only current as of the date of this presentation and, therefore, except as required by applicable law, the Company does not undertake any obligation to publicly correct or update any forward-looking statement.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210802005186\/en\/<\/a><\/span><\/p>\n IR@next-decade.com KEYWORDS:<\/b> United States North America Texas<\/p>\n INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy Environment Other Energy Utilities<\/p>\n<\/p>\n
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communications@next-decade.com<\/a><\/p>\n
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