In the United States (US), United Green Energy (UGE), through its affiliate United Energy Trading LLC (UET), a fully integrated energy marketing and logistics organization with operations throughout North America, has formed a strategic partnership with Green Rock Energy Partners LLC (Green Rock), a sustainable infrastructure-focused private equity firm, to co-develop renewable natural gas (RNG) opportunities.
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UGE has made an investment for an undisclosed amount in Green Rock’s first project, BioTown Biogas, while also providing commodity marketing and logistic services to the project.
BioTown Biogas, which closed in Q3 2021, sources food waste and other agriculture waste to produce renewable electricity, renewable heat, and RNG (aka biomethane).
BioTown Biogas is UGE’s first equity investment in a series of similar RNG projects involving Green Rock and brings value-added renewable energy services and products.
UGE’s commercial role with the Project highlights the strategic importance of a partnership with a long-standing, successful natural gas trading company. UET provides Green Rock a competitive advantage by linking sustainable fuel production to UET’s many end-use customers, said Andy Kelleher, Co-Founder and Managing Partner of Green Rock.
Notably, for BioTown Biogas and the series of associated planned projects, UET will be conducting the majority of the commercial RNG offtake activities including gas injection, storage, and sales.
This approach optimizes sustainable fuel projects’ values by leveraging and aligning UET’s decades of success in logistics and natural gas trading with the deployment of additional project capital.
With its own production of renewable energy credits from ownership stakes in production facilities along with access to additional supplies, UGE is in an enviable position to provide ESG services to its many natural gas end-users. This partnership is a natural complement to UGE’s mature carbon credit business which has been operating successfully since 2014 stated Thomas Williams, Executive Chairman and EVP of Business Development at UGE.
Complement existing offerings
This investment and future planned offtake activities are just one component of a comprehensive array of initiatives that UGE has planned, including advancing the supply of Responsibly Sourced Gas (RSG), low CI RNG, intermediate CI RNG, generation of carbon credits through range management improvements, and Landfill Gas (LFG).
Aiming to neutralize and mitigate the carbon footprint of UGE’s customers, UGE launched its carbon offset program in 2014, connecting individuals and businesses to Green-e-certified renewable energy credits.
Taken together, the announced partnership with Green Rock, along with the additional array of UGE’s green initiatives, comprises a full suite of ESG products and services designed to ensure the attainment of the sustainability goals of UET’s numerous and long-standing end-use customers.
