Neogenyx Fuels

What Neogenyx Fuels does

Neogenyx Fuels is a developer, owner, and operator of advanced biofuel infrastructure headquartered in Framingham, Massachusetts, formed in May 2026 as a 70/30 joint venture spin-off of Ameresco's (NYSE: AMRC) 25-year-old biofuels business with HASI (NYSE: HASI) at a $1.8 billion post-money enterprise value. The company converts raw biogas sourced from landfills, agricultural manure, and wastewater treatment into three principal energy outputs: pipeline-quality renewable natural gas (RNG), renewable electricity via landfill-gas-to-energy (LFGTE) systems, and direct-use thermal fuel for industrial customers. At launch the portfolio comprised 26 operating facilities spanning 11.9 million MMBtu/year of energy supply capacity and 141 MW of electric generation across more than ten U.S. states (CA, IL, KY, TX, AZ, MI, IN, NE, PA, UT) with 170+ employees. HASI committed $400 million ($300 million directed to Neogenyx Fuels for growth capital and $100 million to Ameresco) in exchange for a 30% stake while Ameresco retained 70%.

The company's core technology centers on anaerobic digestion and biogas upgrading systems that condition landfill, agricultural, and wastewater-derived methane into pipeline-spec RNG. Notable technical differentiators include co-located LFGTE and RNG configurations — first deployed at the Keller Canyon Renewable Energy Center in California, where a 3.8 MW LFG-to-electric plant powers the adjacent RNG facility — high-BTU LFG-to-RNG engineering exemplified by the Woodland Meadows plant in Canton, MI (ISCC-certified, 6,600 SCFM processing), and integrated fuel cell and engine cogeneration with future hydrogen capability at the Sacramento Area Sewer District EchoWater facility. ISCC certification across four facilities (4.2 million MMBtu/year of certified capacity) enables access to European Union RED III compliance markets via U.S. Energy as certified trader. Direct-use biogas pipelines supply industrial customers including BMW Manufacturing (Spartanburg, 9.5-mile pipeline extended through 2031) and Mead Johnson Nutritionals (Evansville).

Neogenyx Fuels monetizes through four revenue streams: (1) RNG production and sales under long-term offtake agreements, EPA Renewable Fuel Standard D3 RIN compliance markets, and ISCC European compliance markets; (2) renewable electricity and thermal energy under power purchase agreements (PPAs) with municipal utilities such as Silicon Valley Power, City of Palo Alto, and City of Alameda and direct-use fuel contracts with industrial customers; (3) EPC and development services — most visibly the approximately $140 million Sacramento Area Sewer District contract; and (4) co-investment equity returns through joint ventures such as Roxana RNG with Republic Services. The enterprise go-to-market targets municipalities, utilities, waste management operators, agricultural producers, and industrial energy users through a direct enterprise field-sales model. Long-tenured partnerships — 16+ renewable energy projects with Republic Services, 20+ year BMW relationship, and multi-decade engagements with municipal utilities — anchor the development pipeline; management targets 4–6 new RNG projects per year.

Name

Neogenyx Fuels

Legal name

Neogenyx Fuels

Website

https://neogenyxfuels.com

Company type

Private

Founded year

2026

Operating status

Operating

Short description

Neogenyx Fuels develops, owns, and operates advanced biofuel and renewable natural gas (RNG) infrastructure in the United States, converting landfill, agricultural, and wastewater biogas into pipeline-quality RNG, renewable electricity, and direct-use industrial fuels for utilities, municipalities, and industrial customers.

Ownership category

akta.pro rank

Product category

Renewable Natural Gas & Biofuels Infrastructure

NAICS

Biomass Electric Power Generation (221117), Natural Gas Distribution (2212)

SIC

Cogeneration Services & Small Power Producers (4991), Natural Gas Transmisison & Distribution (4923)

akta.pro industry

PRIMARYEUAAAEAH

Biogas/RNG Plant Development, EPC & Project Delivery

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biogas & Renewable Natural Gas (RNG) Production (AD, Landfill Gas, Wastewater Gas)

SECONDARYEUAAAEAD

RNG Upgrading, Purification & Conditioning (Membranes, PSA, Amine, Cryogenic)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biogas & Renewable Natural Gas (RNG) Production (AD, Landfill Gas, Wastewater Gas)

SECONDARYEUAAAEAE

RNG Injection, Interconnection & Pipeline Quality Compliance

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biogas & Renewable Natural Gas (RNG) Production (AD, Landfill Gas, Wastewater Gas)

SECONDARYEUAAAEAG

RNG Offtake, Marketing & Environmental Attributes (RINs/LCFS/Guarantees of Origin)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biogas & Renewable Natural Gas (RNG) Production (AD, Landfill Gas, Wastewater Gas)

SECONDARYEUAAAEAF

RNG Liquefaction & Compression (Bio-LNG, Bio-CNG)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biogas & Renewable Natural Gas (RNG) Production (AD, Landfill Gas, Wastewater Gas)

SECONDARYEUAAAEAB

Landfill Gas (LFG) Collection & RNG Upgrading

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Biogas & Renewable Natural Gas (RNG) Production (AD, Landfill Gas, Wastewater Gas)

Keywords

• Renewable natural gas
• Biogas infrastructure
• Landfill gas capture
• Anaerobic digestion
• Biofuels production

Headquarters

HQ city

Framingham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. RNG production and sales: Neogenyx Fuels develops, builds, owns, and operates RNG facilities that convert biogas into pipeline-quality renewable natural gas. Revenue is generated from selling RNG as a low-carbon transportation fuel, for utility injection into natural gas pipelines, and for industrial applications. RNG is sold under long-term offtake agreements and into spot markets including EPA Renewable Fuel Standard (RFS) compliance markets and European ISCC compliance markets.
2. Biogas electricity and cogeneration: Landfill gas-to-energy (LFGTE) facilities and biogas cogeneration plants generate renewable electricity and thermal energy sold to utilities (e.g., Silicon Valley Power, City of Palo Alto, City of Alameda) and industrial customers (e.g., BMW Manufacturing, Dallas Water Utilities) under long-term power purchase agreements (PPAs) and direct-use fuel contracts.
3. Engineering, procurement, and construction (EPC) services: Provides development, construction, and operational services for third-party partners including municipalities, utilities, and waste management companies. Revenue from SacSewer ($140M contract), Wasatch Integrated Waste Management, and other development agreements.
4. Joint venture co-investment returns: First joint venture co-investment with Republic Services (Roxana RNG plant) represents a shift toward shared ownership and co-investment models alongside traditional developer/operator arrangements, generating returns through equity ownership in addition to development fees.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Neogenyx Fuels develops, builds, owns, and operates advanced biofuel infrastructure that converts raw biogas from landfill, agricultural, and wastewater sources into pipeline-quality renewable natural gas (RNG), renewable electricity, and direct-use thermal fuels. The company operates a portfolio of 26 facilities across the U.S., selling RNG under long-term offtake agreements, electricity under power purchase agreements (PPAs), and direct-use biogas through dedicated pipelines to industrial customers.

Product overview

Neogenyx Fuels operates a diversified portfolio of advanced biofuel infrastructure assets with a full lifecycle model spanning development, construction, and long-term ownership/operation. The company's core products include Landfill Gas-to-RNG (LFG-to-RNG) Facilities that convert captured landfill methane into pipeline-quality renewable natural gas, Agricultural RNG Facilities that process manure through anaerobic digestion, Wastewater Biogas-to-RNG Facilities, Biogas Cogeneration Systems for combined heat and power, and Landfill Gas-to-Energy (LFGTE) Power Facilities. The company also operates LFG Direct Use Pipeline Systems for industrial applications. Emerging products include Biogenic CO2 Capture, Green Hydrogen production, and Liquefied Biomethane/Bio-LNG for maritime applications. Future products in development include Sustainable Aviation Fuel (SAF), Renewable Diesel, E-Fuels, and Renewable Specialty Chemicals. The portfolio includes over 20 operating and development assets across the U.S., including ISCC-certified RNG facilities, with total non-electric project capacity exceeding 13.2 million MMBtu per year. The company was formed as a 70/30 joint venture between Ameresco and HASI in May 2026 with $400M investment and $1.8B enterprise value.

Differentiator

Problem solved

Functional benefit

Products and services

• Landfill Gas-to-RNG (LFG-to-RNG) Facilities Facilities that capture biogas from decomposing waste in landfills and upgrade it to pipeline-quality renewable natural gas for injection into natural gas networks. Sold under long-term offtake agreements to utilities and fuel buyers.
• Agricultural RNG Facilities Facilities that process manure from cattle feedlots through anaerobic digestion to produce biogas, upgraded to pipeline-quality RNG. The Adams Land & Cattle facility produces approximately 1.2 million MMBtu/year RNG.
• Wastewater Biogas-to-RNG Facilities Facilities that process raw biogas from municipal wastewater treatment plants into pipeline-quality RNG. Includes the largest wastewater biogas-to-RNG facility in the U.S. at the 91st Avenue WWTP in Phoenix, AZ.
• Landfill Gas-to-Energy (LFGTE) Facilities Power generation facilities that capture landfill gas and convert it into renewable electricity through engine generators or turbines. Sold under long-term power purchase agreements to municipal utilities.
• Biogas Cogeneration Facilities Facilities that capture biogas and convert it into both electricity and thermal energy through cogeneration systems. SacSewer 13.4 MW project uses fuel cell and engine technology with hydrogen readiness.
• LFG Direct Use Pipeline Systems Dedicated pipelines transporting processed landfill gas directly to industrial facilities for use in boilers and manufacturing processes. Active sites include BMW Spartanburg and Mead Johnson Evansville.
• Biogenic Carbon Dioxide (CO2) Captured biogenic CO2 from biogas processing that can serve as feedstock for industrial processes or sequestration, supporting e-fuels and other low-carbon applications.
• Green Hydrogen (H2) Hydrogen produced using renewable electricity and biogas as feedstock for hard-to-abate sectors, with future production capability at the SacSewer EchoWater facility.
• Liquefied Biomethane/RNG (Bio-LNG) RNG cooled to cryogenic temperatures to create liquefied biomethane for maritime vessel fuel and long-haul transport applications.
• SacSewer Biogas Cogeneration Facility 13.4 MW advanced biogas cogeneration facility under development for Sacramento Area Sewer District at EchoWater Resource Recovery Facility, utilizing fuel cell and engine technology with future hydrogen capability.
• Adams Land & Cattle RNG Facility First agricultural RNG facility under development at Adams Land & Cattle feedlot in Broken Bow, Nebraska. Uses eight anaerobic digesters to process manure into more than 4,400 SCFM of biogas, producing approximately 1.2 million MMBtu/year of pipeline-quality RNG.
• Lee County RNG Facility LFG-to-RNG facility in Dixon/Amboy, Illinois. Processes 4,500 SCFM of raw landfill gas, generating approximately 1 million MMBtu of RNG annually. Avoids approximately 55,000 metric tons CO2 annually.
• Upper Rock Island County RNG Facility LFG-to-RNG facility in East Moline, Illinois. Processes 2,000 SCFM of raw landfill gas, producing approximately 500,000 dekatherms annually. 16th project with Republic Services.
• Roxana RNG Facility One of the largest ISCC-certified LFG-to-RNG facilities in North America, in Edwardsville, Illinois. Processes 6,000 SCFM of raw landfill gas, generating approximately 1.4 million MMBtu annually. Avoids approximately 75,000 metric tons CO2 annually.
• Brickyard RNG Facility ISCC-certified LFG-to-RNG facility in Danville, Illinois. Processes 2,000 SCFM of raw landfill gas, injecting 460,000 MMBtu of RNG annually. Avoids approximately 25,000 metric tons CO2 annually.
• Woodland Meadows RNG Facility ISCC-certified LFG-to-RNG facility in Canton, Michigan. One of the largest and most technically complex LFG-to-RNG facilities in the U.S. Processes 6,600 SCFM of raw landfill gas, producing approximately 1.3 million MMBtu annually.
• Phoenix 91st Avenue WWTP Biogas-to-RNG Facility The largest wastewater biogas-to-RNG facility of its kind in the U.S., located in Phoenix, Arizona. Processes 2,600 SCFM of raw biogas, injecting 740,000 MMBtu of RNG annually into interstate pipeline. Avoids approximately 40,000 metric tons CO2 per year.
• Keller Canyon Renewable Energy Center California's largest RNG plant and first in the state powered by co-located LFG-to-electric plant. Processes 4,500 SCFM of raw landfill gas, delivering approximately 1 million MMBtu RNG annually into PG&E pipeline. Avoids approximately 60,000 metric tons CO2 annually.
• Benson Valley RNG Facility LFG-to-RNG facility in Frankfort, Kentucky. Processes 2,000 SCFM of raw landfill gas, injecting 460,000+ MMBtu of RNG annually. Avoids approximately 25,000 metric tons CO2 annually.
• Ox Mountain LFGTE Power Facility 11.4 MWe power facility at Ox Mountain Landfill in Half Moon Bay, California. Ranked among top 10 landfill gas power plants in the nation. Generates 81.5 GWh annually, powering approximately 11,900 homes.
• Forward LFGTE Power Facility 4.3 MWe facility at Forward Landfill near Manteca, California. Generates approximately 31.8 GWh of renewable electricity annually, powering roughly 2,550 local homes.
• San Joaquin County LFGTE Power Facility 4.3 MW LFGTE facility at Foothill Sanitary Landfill in Linden, California. Combined with 5.3 MW solar array, making it the only facility in the portfolio combining LFGTE and solar PV on a single site.
• BMW Manufacturing / Palmetto LFGTE Direct Use Pipeline

Quantifiable outcome

• Portfolio avoided 385,000+ metric tons of CO2 emissions in 2025
• +7 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered core, minor and flagship.

• Republic Services (NYSE: RSG)coreStrategic or Co-development Partner · 3 June 2026Republic Services is a long-standing strategic partner with 15+ renewable energy projects completed across its landfill portfolio. The partnership deepened with the first JV co-investment (Roxana RNG) and continued with ISCC-certified RNG deliveries to European markets from Republic landfill facilities. Republic has a sustainability goal to beneficially reuse 50% more biogas by 2030.
• U.S. Energy (U.S. Venture company)coreChannel Partner/ Reseller/ Distributor · 3 June 2026U.S. Energy served as the ISCC-certified trader supporting Neogenyx Fuels' first delivery of ISCC-certified RNG into European compliance markets. U.S. Energy connects U.S.-based ISCC-certified RNG supply with European demand, providing market access, logistics, and compliance services across North American and international markets.
• Anaergia Inc.coreTechnology or Integration · 19 May 2026Anaergia secured a C$58M contract to provide proprietary anaerobic digestion technology and processing systems for the Adams Land & Cattle agricultural facility. Anaergia will deploy turnkey manure handling, processing, and digestion systems capable of producing over 4,400 SCFM of biogas. Revenue expected over two years with potential for additional deployments as Neogenyx expands its portfolio.
• Adams Land & Cattle, LLCcoreStrategic or Co-development Partner · 19 May 2026Neogenyx Fuels is building its first agricultural RNG facility at the Adams Land & Cattle feedlot in Broken Bow, Nebraska. Adams Land & Cattle is rebuilding its facility to convert dirt pens to concrete for efficient manure collection. Neogenyx owns and operates the facility; Adams provides feedstock (manure) and the site. The project uses 8 methane digesters to produce ~1.2M MMBtu/year RNG. Construction began May 2026 with operations expected in ~1.5 years.
• Black Hills EnergyminorChannel Partner/ Reseller/ Distributor · 19 May 2026Adams Land & Cattle RNG facility will feed pipeline-quality natural gas into the Black Hills Energy pipeline upon completion, distributing RNG to end-use markets in the region.
• Ameresco, Inc. (NYSE: AMRC)flagshipStrategic or Co-development Partner · 4 May 2026Ameresco contributed its entire biofuels business — comprising 26 facilities and 25+ years of biogas development expertise — into the Neogenyx Fuels joint venture. Ameresco retains 70% ownership and continues to consolidate the business on its balance sheet. Ameresco CEO George Sakellaris is the company founder and provides leadership oversight.
• Sacramento Area Sewer DistrictcoreStrategic or Co-development Partner · 1 January 2024Neogenyx Fuels entered a ~$140M contract to develop and construct an advanced biogas cogeneration facility at the EchoWater Resource Recovery Facility near Elk Grove, CA. The 13.4 MW facility uses fuel cell and engine technology with hydrogen capability, delivering renewable electricity and heat to the treatment plant.
• Wasatch Integrated Waste Management District (WIWMD)minorStrategic or Co-development Partner · 1 January 2024Neogenyx Fuels was selected to design, build, own, and operate a landfill gas-to-RNG plant at WIWMD's Davis Landfill in Layton, UT. This is the second landfill gas beneficial use arrangement with WIWMD following a first project nearly 20 years prior. The facility aims to replace over 8 million BTUs annually of fossil fuels.
• Waste Management, Inc.minorStrategic or Co-development Partner · 1 January 2001First development agreement signed in 2001 to evaluate a landfill gas-to-electric facility in Chicopee, MA. Waste Management has been a long-standing resource partner for landfill gas projects including Woodland Meadows (Canton, MI) and Palmetto Landfill (partnership with BMW).
• U.S. GainminorChannel Partner/ Reseller/ DistributorU.S. Gain, one of the nation's leading distributors of sustainable energy solutions, distributes RNG from the McCarty Road facility to fleet customers nationwide as low-carbon transportation fuel.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Opal Fuels: Opal Fuels develops, owns, and operates RNG production facilities from landfill and agricultural sources and markets renewable compressed natural gas (R-CNG) for transportation fleets. Closely comparable full-cycle RNG developer-operator model, with similar customer base (waste haulers, transit fleets) and competing for the same landfill feedstock supply.
• Brightmark Energy: Brightmark Energy develops and operates RNG projects from dairy and agricultural manure, with a focus on anaerobic digestion technology deployment. Comparable as a project developer in the agricultural/biogas RNG space, pursuing similar feedstock streams (especially dairy manure) and pursuing offtake agreements with fleets and utilities.
• Clean Energy Fuels: Clean Energy Fuels is the largest U.S. provider of natural gas as a transportation fuel, with a growing renewable natural gas (RNG) sourcing and distribution business. Directly comparable as a U.S. RNG off-taker and infrastructure operator in the same low-carbon fuel market as Neogenyx Fuels, with overlapping transportation-fuel end markets and similar reliance on RIN/LCFS economics.
• Archaea Energy (BP): Archaea Energy is one of the largest U.S. producers of renewable natural gas from landfill gas, acquired by BP in 2022. Most direct U.S. competitor to Neogenyx Fuels in landfill gas-to-RNG development, with overlapping feedstock sources, offtake structures, and reliance on EPA RFS / LCFS credit markets.
• Vanguard Renewables: Vanguard Renewables is a U.S. renewable energy company specializing in farm-based anaerobic digestion and renewable natural gas production from agricultural and food waste. Directly comparable as a developer-owner-operator of agricultural and organic-waste RNG facilities, with overlapping customer base in food manufacturers and municipal organics programs.

Emerging players

• Anaergia: Anaergia is a technology provider and project developer in anaerobic digestion and biogas upgrading, recently awarded a C$58M contract to supply digestion technology for Neogenyx's Adams Land & Cattle facility. Comparable as a technology supplier and project developer in the same biogas/RNG value chain, with potential to be both a partner and competitor.
• California Bioenergy: California Bioenergy (CalBio) develops dairy biogas and renewable natural gas projects, primarily in California. Comparable as a dairy/agricultural RNG developer pursuing similar feedstock streams to Neogenyx's Adams Land & Cattle project, though smaller in scale.

Others

• Republic Services: Republic Services (NYSE: RSG) is a major U.S. waste management company and Neogenyx Fuels' largest development partner with 15+ landfill gas-to-RNG projects. While not a direct competitor for most projects (Republic is the feedstock supplier), Republic has set a 50% biogas reuse goal by 2030 and is increasingly developing internal biogas capability, making it both a partner and a potential competitor over time.

Broad incumbents

• Waste Management: Waste Management (NYSE: WM) is the largest U.S. waste hauler and operates its own landfill gas-to-energy and RNG programs, including at Woodland Meadows (one of Neogenyx's flagship facilities via an early partnership). Comparable as both a feedstock/landfill partner and as an integrated operator developing RNG capacity internally.
• Ameresco: Ameresco (NYSE: AMRC) is the 70% parent of Neogenyx Fuels and a broader energy efficiency and renewable infrastructure platform. Comparable as the originating organization whose biofuels business was spun off into Neogenyx; Ameresco continues to consolidate the JV on its balance sheet and provides shared corporate and engineering services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

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 Neogenyx Fuels