December 8, 2022. Green Rock Energy Partners LLC, a sustainable infrastructure focused private equity firm, acquired PSA South Hills Landfill Gas Venture LLC (“South Hills”), a renewable natural gas (RNG) production facility.
The South Hills deal adds to Green Rock’s growing portfolio in the renewable energy space and is consistent with the firm’s primary investment focus on energy-producing waste-to-value assets. Located in South Park Township, Pennsylvania, South Hills upgrades landfill biogas to produce RNG that will be sold in the vehicular transportation market as renewable compressed natural gas. Production at the facility is expected to exceed one million gallons of renewable fuel per year. Green Rock has partnered with United Green Energy, and others, to manage the renewable natural gas offtake.
RNG is derived from renewable sources, such as organic waste from landfills, municipal waste from wastewater operations, or animal waste from agriculture operations. The production of RNG reduces greenhouse gas emissions by capturing the methane emissions produced from the decomposition of these waste products.
In addition to South Hills, Green Rock has recently made other notable investments in the energy transition, including investments in the RNG platform Viridi Energy and in the renewable power and RNG producer Bio Town Biogas.
“Green Rock is proud to expand our sustainable infrastructure portfolio,” said Cody Myers, Co-Founder and Managing Partner of Green Rock. “We continue to invest in renewable natural gas assets due to their ability to facilitate the transition to a lower-emission future while providing attractive returns.”