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OPAL Fuels
AddedFeb 19, 2024
UpdatedJul 4, 2026
OPAL Fuels

OPAL Fuels

Public

OPAL Fuels Inc. is a renewable fuels platform, producing and distributing RNG for heavy-duty trucks, offering a cost-effective, eco-friendly diesel alternative.

HQ
White Plains, NY, US
Founded
2021
Overview
Compare
Fundraising
Employees
Website

Opal Fuels Inc. is a vertically integrated renewable fuels platform focused on producing and distributing renewable natural gas (RNG) for the heavy-duty truck market. The company captures methane emissions at their source and recycles this energy into a commercially viable, lower-cost alternative to diesel fuel. Opal Fuels aims to help fleets achieve net-zero emissions with minimal changes and lower costs, transforming waste into a valuable resource and generating revenue for partners.

Opal Fuels has established itself as a nationwide leader in the low-carbon intensity RNG sector, significantly contributing to greenhouse gas reduction targets. By providing an eco-friendly and cost-effective diesel alternative, the company supports both climate goals and economic benefits for its clients. Their innovative approach not only mitigates harmful emissions but also promotes sustainability within the transportation industry.

OPAL Fuels - Similar Companies

Clean Energy logo

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Cowboy Clean Fuels logo

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OPAL Fuels - Quick Facts

Who are OPAL Fuels' competitors?

Companies similar to OPAL Fuels include Clean Energy, Oberon Fuels, Next Renewable Fuels and Cowboy Clean Fuels.

When was OPAL Fuels founded?

OPAL Fuels was founded in 2021.

Where is OPAL Fuels' headquarters located?

OPAL Fuels' headquarters is located in White Plains, NY, US.

When was OPAL Fuels' last funding round?

OPAL Fuels' most recent funding round was for $500M (USD) in September 2023.

How much has OPAL Fuels raised to-date?

As of Sep 5, 2023, OPAL Fuels has raised a total of $500M (USD).

How many employees does OPAL Fuels have?

OPAL Fuels has 148 employees as of Feb 5, 2024.

OPAL Fuels - Classification

Ownership
  • Public
Technology
  • Cleantech
Geographic Exposure
  • United States
Model
  • Platform
Revenue
  • Recurring
  • Transactional
Customer
  • Enterprise
Main Product
  • Renewable Fuels
  • RNG
Tags
  • Distribution
Unique IDs
  • secCik: 0001842279
  • ticker: OPAL
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221200Natural Gas Distribution
  • 221210Natural Gas Distribution
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4930Combination Electric And Gas, And Other Utility Services
  • 4932Gas And Other Services Combined
Show 11 more industry codes
NAICS
  • 210000Mining, Quarrying, and Oil and Gas Extraction
  • 211000Oil and Gas Extraction
  • 211100Oil and Gas Extraction
  • 211120Crude Petroleum Extraction
SIC
  • 1300Oil And Gas Extraction
  • 1310Crude Petroleum And Natural Gas
  • 1311Crude Petroleum And Natural Gas
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services
  • 5000Wholesale Trade-durable Goods
  • 6700Holding And Other Investment Offices