{"id":957763,"date":"2026-05-04T16:26:13","date_gmt":"2026-05-04T20:26:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ameresco-and-hasi-announce-formation-of-neogenyx-fuels-a-joint-venture-to-accelerate-growth-of-advanced-biofuels\/"},"modified":"2026-05-04T16:26:13","modified_gmt":"2026-05-04T20:26:13","slug":"ameresco-and-hasi-announce-formation-of-neogenyx-fuels-a-joint-venture-to-accelerate-growth-of-advanced-biofuels","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ameresco-and-hasi-announce-formation-of-neogenyx-fuels-a-joint-venture-to-accelerate-growth-of-advanced-biofuels\/","title":{"rendered":"Ameresco and HASI Announce Formation of Neogenyx Fuels, a Joint Venture to Accelerate Growth of Advanced Biofuels"},"content":{"rendered":"

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Ameresco and HASI Announce Formation of Neogenyx Fuels, a Joint Venture to Accelerate Growth of Advanced Biofuels<\/b><\/p>\n

The new company will combine Ameresco\u2019s industry-leading asset base, proven development and operating expertise with HASI\u2019s successful sustainable infrastructure investment platform<\/i><\/p>\n

Transaction represents a $1.8 billion enterprise value for the newly formed joint venture, unlocking significant shareholder value for Ameresco while positioning the biofuels business for future growth<\/i><\/p>\n

FRAMINGHAM, Mass. & ANNAPOLIS, Md.–(BUSINESS WIRE<\/a>)–Ameresco, Inc.<\/a> (NYSE: AMRC), a leading energy infrastructure solutions provider, and HA Sustainable Infrastructure Capital, Inc.<\/a> (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced their agreement to spin off Ameresco\u2019s biofuels business into a newly formed joint venture: Neogenyx Fuels<\/a>.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260504945105\/en\/<\/a><\/p>\n

\nNeogenyx Fuels will be owned 70% by Ameresco and 30% by HASI. As part of the transaction, Ameresco will contribute its biofuels business, comprising its scaled asset base and proven development and operating capabilities, into the joint venture, and HASI will commit to invest $400 million to support the growth of Neogenyx Fuels. The transaction represents a strategic step to unlock the significant value embedded in Ameresco’s biofuels business, representing a $1.8 billion post-money enterprise value. The agreement has been signed, with closing expected within the quarter.<\/p>\n

\nBacked by two established industry leaders, Neogenyx Fuels will be a premier developer, owner, and operator of advanced fuel solutions accelerating the global energy transition. The joint venture is structured to drive long-term growth by pairing Ameresco\u2019s deep technical expertise and proven execution capabilities with HASI\u2019s scalable and flexible capital platform and extensive track record of structuring and executing investments in sustainable infrastructure assets. Together, this foundation of technical independence, engineering excellence, and operational rigor positions Neogenyx Fuels to deliver resilient energy solutions at scale globally.<\/p>\n

\n\u201cAmeresco has been a leader in the biofuels industry for the last twenty-five years, turning the beneficial use of biogas into a reliable low-carbon fuel source,\u201d said George P. Sakellaris, Chief Executive Officer of Ameresco. \u201cBy enhancing the business through strategic focus and HASI\u2019s expansive capital resources, Neogenyx Fuels will be positioned to scale faster and deliver a greater impact in this fast-growing market. We are proud of what this business has accomplished at Ameresco and incredibly excited about the next phase of its journey.\u201d<\/p>\n

\n\u201cHASI is excited to deepen its relationship with Ameresco, which has been an outstanding partner across more than 60 joint transactions in multiple asset classes since 2001,\u201d said Jeffrey A. Lipson, HASI President and Chief Executive Officer. \u201cAs we expect continued growth in the RNG market, we are confident in deploying capital with a best-in-class operator, enabling us to create a valuable enterprise.\u201d<\/p>\n

\nThe renewable natural gas (RNG) market is experiencing tremendous growth, supported by the rising global demand for low-carbon energy sources and an increased emphasis on domestic energy supplies and drop-in fuel solutions. According to a 2025 ICF market study, RNG demand is projected to grow across sectors from approximately 139-153M MMBtu\/y today to as much as 612M MMBtu\/y by 2030, with emerging demand in sustainable aviation fuel, maritime applications, and international markets further reinforcing the long-term trajectory for domestic RNG production.<\/p>\n

\nAfter closing, Neogenyx Fuels will be one of the largest developers of biogas projects in the U.S., a product of Ameresco’s 25-year track record in greenfield development and long-term asset operation. With a tremendous development pipeline, we believe Neogenyx Fuels will be poised to support the buildout of scalable infrastructure that can drive job creation while reinforcing U.S. leadership in both the domestic use and global export of next-generation fuels.<\/p>\n

\n\u201cNeogenyx Fuels will represent a next-generation platform for advanced biofuels, delivering resilient energy supply today, while building the foundation for tomorrow\u2019s drop\u2011in fuels, molecular products and chemicals, and other low\u2011carbon solutions,\u201d said Michael T. Bakas, who will be Chief Executive Officer of Neogenyx Fuels. \u201cWe will be uniting a deeply experienced team, proven execution, and a growing organic pipeline, backed by a capital partnership built for long-term growth. I could not be more excited about the lasting impact we will deliver in the global energy transition.\u201d<\/p>\n

\nOf the $400 million commitment from HASI, $300 million will be directly invested in Neogenyx Fuels to drive business growth, and $100 million will be direct compensation to Ameresco for the existing business, which will be used for strategic opportunities, working capital, and deleveraging throughout the year.<\/p>\n