Where Is RNG Moving Forward & What Will This Mean for the Industry & States? (Part 3)
Credits for renewable natural gas, made possible through the federal Renewable Fuel Standard Program and California’s Low-Carbon Fuel Standard (LCFS), have been the bread and butter sustaining RNG projects for years. This green fuel has typically been a hard sell beyond California, however. But lately other funding mechanisms are emerging that may open new markets. A few utilities, a growing number of equity investors, and other players are reaching into their pockets to give biogas a monetary boost.
What conditions are these entities expecting before they invest in these projects? Exactly what are they offering, and to whom? And what might these evolving funding options mean moving forward?
Chad Lindholm, vice president of Clean Energy, says that what financial institutions are looking for in building out upstream production — infrastructure like anaerobic digestion (AD) — is long-term demand certainty in the transportation sector and gas for heat and power.
By Waste 360