A new era for renewable natural gas (RNG) is here, “RNG 2.0,” and Viridi Energy is leading the way. This industry maturation comes after a series of difficult “lessons learned,” as a handful of high-profile RNG M&A partnerships and projects underperformed in recent years. That underperformance has largely been due to inexperienced teams who lacked the institutional knowledge, engineering capacity, diverse RNG feedstock development experience, and local support networks that are required for authentic, lasting RNG success. In this new era, proven experience in waste-to-value infrastructure and sophisticated industry relationships are taking precedence.
Viridi Energy – with a core team that has been working together for the past 15 years in the RNG space – is serving as an example of this more sophisticated chapter of RNG.
Viridi, along with RNG’s other modern leaders, is showcasing a commitment to safety, reliability, a low cost of capital, and ability to produce consistent volumes at scale. These are the leadership qualities that can make this “fuel of the future” into an immediate, environmentally friendly solution for today.
According to Boston Consulting Group’s (BCG) report, Is Renewable Natural Gas Poised for Future Growth or Doomed to Decline?, demand for RNG in the U.S. alone is expected to increase approximately tenfold, to roughly 2,000K MMBtu per day, by 2040. Demand for RNG is buttressed by its easy “drop-in” fuel characteristics: Since it is molecularly identical to fossil-based natural gas, it can be used as a one-to-one replacement in existing systems.
As demand for RNG continues to accelerate, the industry’s most sophisticated players are laying the groundwork for the industry’s future. This maturation has been complemented by new renewable fuel standards and favorable regulation such as the Inflation Reduction Act. This legislative and regulatory support is helping promote the viability and profitability of RNG projects across the U.S. With more sophisticated players at the helm, new projects are coming online that aren’t just good for local communities and the planet – but good for investors, as well. This is demonstrated by the attractive, reliable, and quantifiable returns on investment that strategically operated projects can bring.
As the gas utility, commercial and industrial, power generation, and transportation sectors increasingly rely on more sustainable energy sources, the proliferation of RNG stands to bridge the supply gap in the energy transition while helping both businesses and communities decarbonize.
Learn more at viridirng.com