Alexis Kania's questions to Opal Fuels Inc (OPAL) leadership • Q3 2024
Question
Alexis Kania of Marathon Capital asked about the evolving voluntary carbon markets and the potential for long-term deals with hyperscalers to decarbonize their natural gas streams. He also requested further details on the RNG export opportunity in Europe.
Answer
Co-CEO Adam Comora explained that while the transportation fuel market remains the highest-value offtake for RNG molecules, the company is monitoring opportunities in renewable power for data centers, particularly through the eRIN policy which could be financially attractive. Regarding Europe, Comora noted that regulatory changes are creating a temporary pause in the export market. However, OPAL Fuels is working with European regulators to reopen these pathways, viewing it as a potentially attractive compliance market in the medium term.