ZombieClean Energy
What Happened to Opal Fuels?
Ticker: OPALSPAC Year: 2021
Return
-79.2%
Current Price
$2.08
Peak Price
$12.35
Trust Size
$959M
Summary
OPAL Fuels is a leading producer of renewable natural gas (RNG) from landfills and dairy farms, also operating a network of natural gas fueling stations for heavy-duty trucking.
What Happened
OPAL Fuels went public in July 2022 through a merger with ArcLight Clean Transition Corp II. The company converts methane from landfills and dairy farms into renewable natural gas for vehicle fuel and pipeline injection. OPAL Fuels has been expanding its RNG production capacity but faces uncertainty around renewable fuel credit pricing and regulatory incentives.
Timeline
2021-03-09
S-1 Registration Filed