AMP gets $47 million for renewable gas investments
AMP Americas, a renewable natural gas (RNG) producer and marketer, and compressed natural gas (CNG) fuel and infrastructure operator for the heavy duty, commercial goods industry, has announced $47 million in equity commitment from Houston’s EIV Capital, a private equity firm focused on the energy industry.
Renewable Dairy Fuels, which is operated by AMP Americas, produces 100% renewable natural gas at its biogas facility at Fair Oak farms in Indiana. AMP has two other business units, ampCNG which owns and operates a nationwide network of 20 public access, ultra-fast CNG fueling stations, and ampRENEW, which sources RNG for partner CNG stations and ampCNG stations.
“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. “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.”
“We’re excited to partner with AMP Americas and to support them as they lead the way in CNG and RNG,” said Patti Melcher, managing partner at EIV Capital. “With its history of leadership and innovation, experienced management team and portfolio of high quality assets, AMP Americas is in an excellent position to flourish in this exciting and important market.”