UGI Energy Services to invest in Energy One HoldCo’s Idaho renewable natural gas project

Published on November 24, 2020 by Chris Galford

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UGI Energy Services, LLC, a subsidiary of UGI Corporation, has entered an agreement with New Energy One HoldCo LLC that will see it invest in developing a utility-scale renewable natural gas project in Idaho.

That RNG project is currently under development as a joint project between Sevana Bioenergy, LLC and Meridiam. Sevana is an affiliate of New Energy. When running at full production, likely in 2022, it is expected to produce several hundred million cubic feet of RNG per year, all generated from on-site dairy waste feedstock.

“For over 135 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves,” Robert Beard, UGI’s executive vice president of natural gas, said. “We are excited about the partnership we have developed with both Sevana and its associated investment holding company. Adding the Idaho investment to our portfolio further advances UGI’s commitment to the development of sustainable fuels for the future, and we are looking forward to making incremental investments in this sector.”

By expanding its RNG offerings, UGI will also expand its portfolio of renewables. Biogas projects like the one in Idaho reduce waste and long-term greenhouse gas emissions and boost renewable energy options. In working with Sevana, UGI hooks its fortunes on a well-established developer, designer, and operator of large-scale anaerobic digestion products, which are used to produce RNG and organic-based soil amendments.