Company Overview

OPAL Fuels Inc. is a U.S.-based renewable energy company focused on the production, distribution, and marketing of renewable natural gas (RNG) and renewable electricity. The company primarily operates within the renewable energy, waste-to-energy, and clean transportation fuels industries. Its core business centers on converting biogas captured from landfills, dairy farms, and other organic waste sources into pipeline-quality RNG used mainly as a transportation fuel, particularly for heavy-duty trucking fleets seeking lower-carbon alternatives to diesel.

The company’s primary revenue drivers include the sale of RNG under long-term fuel supply agreements, generation and monetization of environmental credits such as Renewable Identification Numbers (RINs) and Low Carbon Fuel Standard (LCFS) credits, and electricity sales from renewable power projects. OPAL Fuels is strategically positioned as a vertically integrated RNG provider with long-term feedstock access and fueling infrastructure, which provides cost visibility and regulatory credit exposure advantages. The company traces its origins to energy infrastructure investments made by Fortress Investment Group and evolved into a publicly traded company following a business combination in 2022.

Business Operations

OPAL Fuels operates through integrated business lines covering RNG production, fuel marketing, and fueling infrastructure. Its core operations include the development, ownership, and operation of RNG production facilities located at landfills and agricultural sites, where biogas is upgraded and injected into natural gas pipelines or delivered directly to fueling stations. The company also owns and operates a network of RNG vehicle fueling stations that serve commercial trucking fleets under long-term contracts.

Operations span both domestic production and nationwide fuel distribution across the United States. OPAL Fuels controls critical assets including biogas upgrading systems, interconnection infrastructure, and fueling stations, enabling end-to-end delivery of RNG. Key subsidiaries include OPAL Fuels Operating LLC and OPAL Fuels Marketing LLC, which manage production assets and commercial fuel sales respectively. The company maintains strategic commercial relationships with waste management operators, dairy owners, and fleet customers, though no single joint venture partner dominates its portfolio.

Strategic Position & Investments

Strategically, OPAL Fuels is focused on scaling RNG production capacity, expanding its fueling station footprint, and increasing contracted volumes with large commercial fleets. Growth initiatives emphasize organic development of new landfill and dairy RNG projects, as well as optimization of existing assets to improve output and credit generation. The company has pursued selective acquisitions of RNG facilities and related infrastructure to accelerate scale while maintaining a disciplined investment approach.

OPAL Fuels has invested heavily in clean transportation markets aligned with regulatory decarbonization mandates, particularly in states with strong credit programs such as California. Its portfolio includes interests in landfill gas-to-RNG projects and dairy RNG systems, which position the company to benefit from emerging environmental policies targeting methane reduction. While the company is active in evaluating emerging technologies related to carbon intensity reduction, publicly available data does not confirm material investments outside RNG and renewable power.

Geographic Footprint

OPAL Fuels’ headquarters is located in White Plains, New York, with operational assets distributed across the United States. The company’s RNG production facilities are concentrated in states with significant landfill and agricultural activity, including California, Texas, the Midwest, and the Northeast. Its fueling station network supports interstate trucking corridors and logistics hubs across multiple regions.

While OPAL Fuels does not currently report material international operations, its nationwide pipeline access allows RNG produced in one region to be marketed and consumed across multiple U.S. markets. The company’s geographic strategy prioritizes regions with favorable environmental credit regimes and strong demand from commercial transportation customers.

Leadership & Governance

OPAL Fuels is led by an executive team with experience across energy infrastructure, renewables, and capital markets. The leadership team emphasizes long-term contracted revenue, disciplined capital allocation, and alignment with environmental policy frameworks as core elements of its strategic vision.

Key executives include:

• Adam Comora – Co-Chief Executive Officer
• Scott Voss – Co-Chief Executive Officer
• Robert A. Seiler – Chief Financial Officer
• Jonathan Maurer – General Counsel and Secretary
• Jeremy Fiddler – Chief Operating Officer

The company is governed by a board of directors with representation from infrastructure investment and energy sectors, reflecting its origins as a portfolio company backed by institutional capital. Leadership philosophy centers on operational reliability, regulatory compliance, and scalable growth within the renewable fuels market.