Archaea Energy Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Full Time Employees
- 292
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- 500 Technology Drive Canonsburg PA United States of America 77027
- IPO Date
- Dec 14, 2020
- CIK
- 0001823766
- Website
- archaeaenergy.com
- Similar Companies
- Business
- Archaea Energy Inc. is a leading renewable natural gas (RNG) producer specializing in the development, construction, and operation of RNG facilities that capture waste emissions from landfills and anaerobic digesters and convert them into low-carbon fuel and renewable electricity. Its core products and services include renewable natural gas production; landfill gas-to-energy generation; dairy digester RNG facilities; and associated engineering, design, and operation services. The company operates an industry-leading platform managing approximately 50 RNG and landfill gas-to-energy facilities across the United States, producing around 6,000 barrels of oil equivalent per day of renewable natural gas. Founded in 2018 and headquartered in Houston, Texas, Archaea Energy targets long-term off-take agreements and develops projects with a commercial strategy focused on fixed-price contracts, providing sustainable, reliable decarbonizing solutions primarily for utility, transportation, and industrial customers. The company partners with landfill and farm owners to transform potential greenhouse gas emissions into renewable energy, supporting local communities and environmental sustainability. Recent major developments include Archaea Energy’s acquisition by bp in late 2022, valued at approximately $3.3 billion in cash plus $800 million in net debt, positioning bp as the largest RNG producer in the U.S. This strategic acquisition supports bp’s commitment to its net zero goals by 2050 and aims to increase RNG production fivefold by 2030. Additionally, Archaea formed a joint venture with Republic Services called Lightning Renewables LLC, targeting about 40 landfill gas-to-RNG projects, including the commissioning of multiple modular RNG plants characterized by standardized, scalable designs allowing for faster, cost-efficient construction. In 2024, Archaea expanded operations by bringing six RNG plants online and entered into long-term RNG purchase agreements with utilities such as UGI Energy Services. Another joint venture with GFL Environmental recently commissioned an RNG plant in Wisconsin, further solidifying its footprint in the RNG market. The company employs advanced technology and gas processing expertise to enhance uptime, efficiency, and project scalability in RNG production, contributing significant renewable energy capacity to the U.S. market while enabling emissions reductions. Archaea Energy operates as a subsidiary of bp plc, with a strong focus on expanding its RNG portfolio and advancing sustainable decarbonization solutions across North America.
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