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OPAL Fuels Forms JV with Republic Services for New RNG Facility

OPAL Fuels Inc. (NASDAQ:OPAL) is one of the cheap penny stocks to buy now. During mid-May, OPAL Fuels announced a new joint venture with an affiliate of Republic Services Inc. (NYSE:RSG). The partnership will establish a biogas-to-renewable natural gas/RNG facility at Republic’s Charlotte Motor Speedway Landfill in Concord, North Carolina.

The new RNG facility will be jointly owned by OPAL and its minority partner, the Republic Services affiliate. It is designed to have an initial annual production capacity of ~1.4 million MMBtu. The project involves the conversion of an existing renewable electricity facility at the site, which was previously owned by OPAL. The JV has also secured a new long-term gas rights agreement for the RNG plant.

A natural gas pipeline glowing in the night sky, revealing its importance to everyday life.

The facility will utilize proven technology to capture biomethane, which is a natural byproduct of decomposing organic material from the landfill, and convert it into RNG. This RNG serves as a low-carbon and cost-effective transportation fuel.

OPAL Fuels Inc. (NASDAQ:OPAL) produces and distributes renewable natural gas/RNG for use as a vehicle fuel for heavy and medium-duty trucking fleets throughout the US. Republic Services Inc. (NYSE:RSG) offers environmental services in the US and Canada.

While we acknowledge the potential of OPAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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