Sagepoint Energy, a leading renewable energy company, has expanded its RNG (Renewable Natural Gas) portfolio by acquiring two energy companies, Green Gas Partners and GreenSource Fuels. This strategic move will strengthen Sagepoint’s position as a leading provider of RNG solutions for the energy and transportation sectors.
Green Gas Partners is a Minnesota-based RNG producer that uses agricultural waste, such as corn stalks and sugarcane, to produce high-quality RNG. The company’s innovative technology enables Efficient conversion of biomass into RNG, which can be used as a cleaner and more cost-effective alternative to traditional natural gas. This acquisition will enable Sagepoint to offer its customers a wider range of RNG solutions and expand its presence in the Midwest region.
GreenSource Fuels is a California-based company that specializes in producing RNG from non-food waste biomass, such as food scraps and sustainably harvested wood waste. The company’s RNG is certified by the California Air Resources Board and can be used to power vehicles, heat buildings, or generate electricity. This acquisition will enhance Sagepoint’s capacity to offer RNG solutions to customers in the western United States and further expand its presence in the RNG market.
By acquiring these two companies, Sagepoint Energy has expanded its RNG portfolio and increased its production capacity to over 100 million scf (standard cubic feet) per day. This strategic move underscores the company’s commitment to provide customers with a reliable and sustainable source of RNG. The acquisitions also mark a significant milestone for Sagepoint, as it continues to grow its RNG business and solidify its position as a leading provider of renewable energy solutions.
The acquisitions are expected to create synergy benefits for Sagepoint, including cost savings, improved operational efficiency, and enhanced product offerings. The company plans to integrate the two acquired companies into its operations, leveraging their expertise and resources to drive further growth and innovation. The acquired companies will remain operational, with their teams continuing to work closely with Sagepoint to deliver high-quality RNG products to customers across North America.
Overall, Sagepoint Energy’s strategic acquisitions of Green Gas Partners and GreenSource Fuels underscore its commitment to the development of renewable energy solutions and its goal of reducing greenhouse gas emissions in the energy sector. The company’s expanded RNG portfolio will enable it to provide its customers with more sustainable and efficient energy solutions, supporting a cleaner and more sustainable energy future.