Viridi Energy

What Viridi Energy does

Viridi Energy is a New York-based, privately held renewable natural gas (RNG) platform founded in 2022 that builds, owns, and operates facilities converting biogas from landfill emissions, food waste, biosolids, and agricultural waste into pipeline-quality RNG. The company's core technology stack combines biogas capture with third-party upgrading systems (Quadragen, Wärtsilä Puregas CA), deployed flexibly per project. Viridi pursues end-to-end ownership of the value chain — development, operations, financing, and commercial strategy — enabled by a $300M+ initial equity commitment led by Warburg Pincus with Green Rock Energy Partners, plus a subsequent $320M funding round and project-level capital from HASI, JP Morgan, NY Green Bank, and Pathward. The leadership team is sourced from Air Liquide's RNG operations, Archaea Energy, and Keystone Renewable Energy, collectively bringing 100+ years of industry experience and a track record of 30+ developed RNG projects.

Viridi's business model rests on three revenue streams: (1) long-term (typically 20-year) offtake agreements with utilities and energy companies for pipeline-quality RNG, with named anchor counterparties including Énergir L.P. (650,000 gigajoules/year), FortisBC, BP, and ACT Fuels; (2) monetization of federal tax credits including Section 45Z Clean Fuel Production Credits and D3 RIN credits; and (3) project development and EPC-related services. The company activates value through co-development partnerships with municipal landfill owners, solid waste authorities, and waste management companies (Casella Waste Systems, Baldwin County, Marathon County, City of Waco, City of Lincoln), sharing gas production royalties with municipal partners. The portfolio spans landfill gas-to-RNG (Wisconsin, Alabama, New Hampshire, Texas, Nebraska), food waste-to-RNG (American Organic Energy, Yaphank NY — 210,000 tons/year capacity), and biosolids-to-RNG (Brunswick, Maine — 85,000 tons/year), with the first company-operated facility (Baldwin County, AL) coming online in April 2025 and three additional facilities expected online in 2025.

The company's GTM is enterprise field sales targeting municipalities, waste management authorities, and utilities, with a vertically-segmented customer approach covering municipal landfill operators, food waste generators, municipal wastewater utilities, natural gas utilities, and agricultural operations. Distribution is centralized through a newly established commercial arm, Viridi Energy Marketing and Trading LLC, which aggregates RNG supply across the portfolio for direct sale to utility and energy buyers. The platform's current scale, measured by stated environmental impact, is 450,000+ tons of CO2e reduced annually across the project portfolio.

Name

Viridi Energy

Legal name

Viridi Energy

Website

https://viridirng.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Viridi Energy is a privately held renewable natural gas platform that develops, owns, and operates facilities converting landfill gas, food waste, biosolids, and agricultural waste into pipeline-quality RNG, serving municipal waste authorities and natural gas utilities under long-term offtake agreements.

Ownership category

akta.pro rank

Product category

Renewable Natural Gas Production

NAICS

Natural Gas Distribution (2212), Natural Gas Distribution (221210)

SIC

Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Renewable Natural Gas (RNG) Program Development & Portfolio Management (EUAJAJAA)

akta.pro secondary industries

Biogas/RNG Plant Operations, Maintenance & Asset Management (EUAAAEAI), RNG Injection, Interconnection & Pipeline Quality Compliance (EUAAAEAE), Landfill Gas (LFG) Collection & RNG Upgrading (EUAAAEAB), RNG Offtake, Marketing & Environmental Attributes (RINs/LCFS/Guarantees of Origin) (EUAAAEAG), Green Gas / RNG Retail Programs & Claims Marketing (EUAAADAG)

Keywords

• Renewable natural gas
• RNG production
• Landfill gas capture
• Biogas upgrading
• Waste-to-energy

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. RNG Sales through Offtake Agreements: Long-term offtake agreements (typically 20-year terms) with utilities and energy companies for pipeline-quality RNG supply. Revenue is generated by selling RNG produced from landfill gas, food waste, and biosolids at contracted prices. The company also generates revenue through gas production royalties paid to municipal partners.
2. Tax Credit Monetization: Viridi monetizes federal tax credits including Section 45Z Clean Fuel Production Tax Credit, D3 RIN credits, and IRA incentives. The company announced its maiden tax credit sale tied to federal clean energy policy.
3. Project Development Fees: Revenue from developing RNG projects for partners, including engineering, construction management, and commissioning services. The company assumes control mid-development and facilitates smooth integration.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Viridi Energy is a full-service renewable natural gas (RNG) platform that develops, owns, and operates RNG facilities. The company captures and upgrades biogas from landfill emissions, food waste, biosolids, and agricultural waste into pipeline-quality RNG, then sells the gas under long-term offtake agreements to utilities and energy companies. Its capabilities span the full RNG value chain including development, operations, financing, and commercial strategy.

Product overview

Viridi Energy is a full-service renewable natural gas (RNG) platform that builds, owns, and operates RNG assets. The company's platform captures and converts biogas from landfill emissions, animal waste, municipal waste, and food waste into pipeline-quality RNG. Viridi works as a partner with biogas-producing asset owners, deploying capital to implement projects that result in safe, efficient, and reliable beneficial-use projects. The company operates across the full RNG value chain spanning development, operations, financing, and commercial strategy. Their projects generate positive environmental benefits by reducing harmful greenhouse gas emissions and fossil fuel use while producing strong economic benefits. The company has a portfolio of projects including landfill gas-to-RNG facilities (Marathon County, WI; Baldwin County, AL; North Country Landfill, NH; City of Waco, TX; Bluff Road, NE), food waste-to-RNG facilities (American Organic Energy, NY), and biosolids-to-RNG facilities (Brunswick, ME).

Differentiator

Problem solved

Functional benefit

Products and services

• Baldwin County Landfill RNG Facility
• Marathon County Landfill RNG Facility
• American Organic Energy Food Waste-to-RNG Facility
• North Country Landfill RNG Project
• Brunswick Maine Biosolids-to-RNG Facility
• City of Waco RNG Facility
• Bluff Road Landfill RNG Facility
• Viridi Energy Marketing and Trading LLC
• Long-Term RNG Offtake Supply

Quantifiable outcome

• 450,000+ tons of CO2e emissions reduced per year
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

14 partnerships are on record, tiered major, flagship and supporting.

• ACT FuelsmajorChannel Partner/ Reseller/ Distributor · 28 April 2025Multiyear offtake agreement to purchase RNG from Baldwin County facility (160,000+ MMBtu annually).
• City of Waco, TexasmajorStrategic or Co-development Partner · 1 January 2025Partnership to develop RNG facility on City of Waco's closing landfill. Demonstrates Viridi's ability to deliver profitable RNG in complex operating environments with long-term post-closure planning.
• City of Lincoln, NebraskamajorStrategic or Co-development Partner · 1 January 2025Partnership originally awarded to Sparq Renewables, which selected Viridi to deliver RNG facility for City's Bluff Road Landfill. 3,000 SCFM facility converting landfill methane to pipeline-quality RNG via Black Hills Energy network.
• Énergir L.P.majorChannel Partner/ Reseller/ Distributor · 5 August 202420-year offtake agreement to purchase 650,000 gigajoules annually from Viridi facilities in Maine, Wisconsin, and New Hampshire. Énergir is largest gas utility in Quebec and sole natural gas distributor in Vermont, targeting 10% RNG by 2030.
• Casella Waste Systems, Inc.majorStrategic or Co-development Partner · 1 March 2024Partnership for Brunswick, Maine biosolids-to-RNG project. Casella manages feedstock collection and delivery for 85,000 tons of biosolids annually. Also partnered on North Country Landfill project in Bethlehem, NH.
• American Organic Energy (AOE)flagshipStrategic or Co-development Partner · 22 June 2023Partnership to develop one of the largest food waste-to-RNG projects in the US at Yaphank, NY. Expected to convert 210,000 tons of waste per year (equivalent to Dallas, TX annual food waste) into RNG and agriculture products. First anaerobic digester for food waste in NYC metro area.
• FortisBCmajorChannel Partner/ Reseller/ Distributor · 22 June 202320-year agreement for FortisBC to purchase RNG produced at American Organic Energy facility. British Columbia-based energy solutions provider delivering RNG to customers.
• Green Arrow EngineeringsupportingTechnology or Integration · 22 June 2023Serves as owner's engineer for American Organic Energy project, providing technical oversight during development.
• Venture Engineering & ConstructionsupportingImplementation/ SI/ Consulting Partner · 22 June 2023Engineering, procurement, and construction (EPC) contractor for American Organic Energy project.
• Marathon County, WisconsinmajorStrategic or Co-development Partner · 1 March 2023Partnership to convert dormant biogas-to-energy site into state-of-the-art RNG facility at Marathon County Solid Waste Department's landfill in Ringle, Wisconsin. Project expected to be fully operational by end of 2024.
• Solid Waste Disposal Authority of Baldwin County, AlabamamajorStrategic or Co-development Partner · 1 January 2023Partnership for RNG facility at Magnolia Landfill in Summerdale, Alabama. First company-operated facility (came online April 2025). Viridi began injecting RNG into local grid on 2/26/25. County receives gas production royalties.
• BPmajorChannel Partner/ Reseller/ Distributor · 1 January 2023Global energy company serving as offtake partner for Baldwin County RNG project, ensuring successful distribution and utilization of RNG produced at the facility.
• QuadragensupportingTechnology or Integration · 1 January 2023RNG upgrading technology provider that played pivotal role in Baldwin County project. Provides biogas upgrading technology for landfill gas-to-RNG conversion.
• WärtsiläsupportingTechnology or Integration · 1 January 2023Provider of Puregas CA biogas upgrading technology. Viridi team members have experience with this technology from previous roles.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Archaea Energy (BP): Archaea was the largest US RNG producer before being acquired by BP in 2022. Directly comparable to Viridi as a landfill-gas-to-RNG platform with similar offtake structures to utilities. Multiple Viridi executives (Jake Crouse, Jared Hopkins) previously held senior roles at Archaea.
• Opal Fuels: Publicly traded RNG platform developing, owning, and operating RNG production facilities across multiple feedstocks (landfill, dairy, food waste). Direct competitor with similar vertical integration across the RNG value chain.
• Montauk Renewables: Publicly traded renewable natural gas company focused on landfill gas-to-energy and RNG production at smaller, geographically dispersed sites — directly comparable to Viridi's smaller-landfill focus. Long-term offtake agreements with utilities mirror Viridi's model.
• Vanguard Renewables: Specialty RNG developer focused on dairy manure and food waste anaerobic digestion. Overlapping feedstock strategy (food waste, agricultural waste) and similar mid-scale RNG project development model.
• Clean Energy Renewable Fuels (formerly Aria Energy): Landfill gas-to-RNG producer acquired by Clean Energy Fuels. Highly comparable to Viridi's landfill-focused projects and partnership model with municipal landfill owners.

Broad incumbents

• Ameresco: Publicly traded renewable energy and energy efficiency company with an established RNG and landfill gas-to-energy business unit. Broader portfolio than Viridi but competes for similar municipal and utility customers on RNG projects.
• Clean Energy Fuels: Largest US provider of RNG vehicle fuel with dairy and landfill-sourced RNG production. Competes with Viridi for feedstock assets and long-term supply contracts, though focused on transportation fuel end-markets rather than pipeline injection.
• BP Bioenergy: BP's bioenergy segment (which acquired Archaea) is both an offtake partner and direct competitor to Viridi on landfill RNG project acquisitions. Major strategic player in the North American RNG market.

Emerging players

• Anaergia: Anaerobic digestion technology provider with own RNG project development. Overlapping food waste and biosolids AD-to-RNG technology and competes with Viridi for project engineering and equipment.
• Schmack Biogas (Hitachi Zosen Inova): European biogas/AD plant operator and technology provider. Comparable anaerobic digestion and biogas upgrading capabilities used in food waste and biosolids-to-RNG projects similar to Viridi's portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/viridirng

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viridi Energy