Opal Fuels Expands RNG Network With California Station Buy
OPAL Fuels Inc., a renewable natural gas (RNG) producer and provider, currently valued at $501 million and identified as undervalued by InvestingPro analysts, has announced the acquisition of a fueling station in Visalia, California, as part of its strategy to expand its RNG dispensing network. The company plans to upgrade the station and supply RNG to Western Milling's transportation division, OHK Transport, along with other local carriers.
The Visalia station, situated at 31189 Road 68, operates under a long-term lease and fuel purchase agreement, which includes provisions for additional public volumes. This acquisition is intended to cater to the increasing demand for renewable transportation fuels within California's Central Valley, building on OPAL's impressive 30% revenue growth over the last twelve months.