Green Equity - August 26, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Brad Douville has reassumed the CEO role at Greenlane Renewables (GRN) following Ian Kane's resignation. Douville, who previously led the company from June 2019 to August 2023, returns from his position as executive vice chair to guide the biogas systems provider through a challenging market.
Green Impact Partners (GIP) has achieved key milestones in Q2 2024, including finalizing carbon credit pathways for their Future Energy Park and completing a profitable tax credit sale with their Colorado JV, earning $17.8 million. The Colorado JV facilities have also started commercial gas production, further boosting the company's operational success.
New Public Listings
Capital Clean Energy Carriers (CCEC) has transitioned from a limited partnership to a corporation, rebranded with a new name and Nasdaq ticker. The company is strategically pivoting towards LNG and energy transition, investing $3.9 billion in new vessels, including LNG carriers and multi-gas carriers. By 2027, CCEC aims to become the largest U.S.-listed LNG transportation company.