AMP Americas, a renewable natural gas (RNG) producer and marketer, and compressed natural gas (CNG) fuel and infrastructure operator for the heavy-duty, commercial trucking industry, today announced a $47 million equity commitment from Houston-based EIV Capital, a private equity firm focused on the energy industry. The equity commitment will allow AMP Americas to pursue growth opportunities across its businesses.
AMP Americas focuses on providing low cost natural gas and 100 percent RNG for heavy-duty trucks across the U.S. Natural gas engine offerings continue to grow for heavy-duty trucks and include 2018 Cummins-Westport ISL G Near Zero natural gas engines which can be configured to run on either CNG, RNG or liquefied natural gas (LNG).
“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.”
AMP Americas operates three business units: Renewable Dairy Fuels produces 100 percent RNG 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.
AMP Americas reports that by taking advantage of an abundant domestic fuel source, dairy waste, and converting it into clean, carbon-negative RNG, it’s saving fleets money, improving air quality and reducing GHG emissions.
“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.”