AMP Americas Receives $47 Million to Grow RNG and CNG Fueling Operations
AMP Americas has announced a $47 million equity commitment from Houston-based EIV Capital, a private equity firm focused on the energy industry, that will allow AMP Americas to expand operations across its businesses.
AMP Americas operates three business units: Renewable Dairy Fuels produces 100 percent RNG at its biogas facility at Fair Oaks Farms in Indiana, ampCNG owns and operates a nationwide network of 20 public-access, fast fill CNG fueling stations, and ampRenew sources RNG for partner CNG stations and ampCNG stations and provides risk management to help fleets and station owners reduce risk and save money. By taking advantage of an abundant domestic fuel source—dairy waste—and converting it into valuable, clean, carbon-negative transportation fuel, AMP Americas is saving fleets money, improving air quality and reducing GHG emissions.
“As an integrated clean energy company with production and distribution assets across the country, we wanted a partner with proven success in both the traditional and renewable energy sectors that could help us scale and execute our aggressive growth plans,” said Grant Zimmerman, CEO at AMP Americas. “EIV Capital has an excellent track record growing energy businesses and will help us as we invest in new biogas production, new fueling stations, and in growing our team.”