OPAL Fuels LLC, a vertically integrated producer and distributor
of renewable natural gas (RNG), today announced that it will host a
Virtual Investor Event on Friday, May 6, 2022, at 8:00 AM EDT.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220425005666/en/
The virtual format will feature presentations from Adam Comora
and Jonathan Maurer, Co-CEOs, and Ann Anthony, CFO. The OPAL Fuels
executive team will also hold a Question & Answer session. Any
questions for the management team should be submitted to
OPALFuelsIR@icrinc.com before or during the event. Viewers will
also be able to ask questions via the webcast platform during the
event.
Registration for the event is currently open. Please click here
to register for and access the webcast on the day of the event. The
webcast and presentation materials, as well as a replay of the
webcast following the event, can also be accessed on the OPAL Fuels
investor page here.
On December 2, 2021, OPAL Fuels announced an agreement for a
business combination with ArcLight Clean Transition Corp. II
(Nasdaq: ACTD), which is expected to result in OPAL Fuels becoming
a public company listed on the Nasdaq Stock Exchange in second
quarter of 2022, subject to customary closing conditions.
About OPAL Fuels LLC
OPAL Fuels LLC, a Fortistar portfolio company, is a leading
vertically integrated renewable fuels platform involved in the
production and distribution of renewable natural gas (RNG) for the
heavy-duty truck market. RNG is a proven low-carbon fuel that is
rapidly decarbonizing the transportation industry now while also
significantly reducing costs for fleet owners. OPAL Fuels captures
harmful methane emissions at the source and recycles the trapped
energy into a commercially viable, lower-cost alternative to diesel
fuel. OPAL Fuels also develops and constructs RNG and hydrogen
fueling stations. As a producer and distributor of carbon-reducing
fuel for heavy-duty truck fleets for more than a decade, the
company delivers best-in-class, complete renewable solutions to
customers and production partners. To learn more about OPAL Fuels
and how it is leading the effort to capture North America's harmful
methane emissions and decarbonize the transportation industry,
please visit www.opalfuels.com and follow the company on LinkedIn
and Twitter at @OPALFuels.
OPAL Fuels also previously announced an agreement for a business
combination with ArcLight Clean Transition Corp. II (Nasdaq: ACTD)
(“ArcLight”), which is expected to result in OPAL Fuels becoming a
public company listed on the Nasdaq Stock Exchange in second
quarter of 2022, subject to customary closing conditions.
About ArcLight Clean Transition Corp. II
ArcLight, ArcLight Clean Transition Corp. II, led by Chairman
Daniel Revers and President and Chief Executive Officer Jake
Erhard, is a special purpose acquisition company formed for the
purpose of effecting a capital stock exchange, asset acquisition,
share purchase, reorganization, or similar business combination
with one or more businesses focused on opportunities created by the
accelerating transition toward sustainable use of energy and
natural resources.
Additional Information
ArcLight has filed with the SEC a Registration Statement on Form
S-4 (as amended, the “Registration Statement”), which includes a
preliminary proxy statement/prospectus of ArcLight, in connection
with the proposed merger transaction (the “Business Combination”)
involving ArcLight and OPAL Fuels. After the Registration Statement
is declared effective, ArcLight will mail a definitive proxy
statement/prospectus and other relevant documents to stockholders
of ArcLight as of a record date to be established for voting on the
Business Combination. ArcLight’s stockholders and other interested
persons are advised to read, the preliminary proxy
statement/prospectus, and amendments thereto, and, when available,
the definitive proxy statement/prospectus in connection with
ArcLight’s solicitation of proxies for its stockholders’ meeting to
be held to approve the Business Combination because the proxy
statement/prospectus will contain important information about
ArcLight, OPAL Fuels and the Business Combination. Stockholders
will also be able to obtain copies of the Registration Statement,
without charge, once available, at the SEC’s website at
www.sec.gov. In addition, the documents filed by ArcLight may be
obtained free of charge from ArcLight at
https://www.arclightclean.com or by directing a request to:
ArcLight Clean Transition Corp. II, 200 Clarendon Street, 55th
Floor, Boston, MA 02116.
Participants in the Solicitation
ArcLight, OPAL Fuels and their respective directors,
executive officers, other members of management and employees,
under SEC rules, may be deemed to be participants in the
solicitation of proxies of ArcLight’s shareholders in connection
with the Business Combination. Investors and security holders
may obtain more detailed information regarding the names and
interests in the Business Combination of ArcLight’s directors and
officers, and OPAL Fuels’ directors and executive officers, in
ArcLight’s filings with the SEC, including the Registration
Statement.
Forward-Looking Statements
Certain statements in this communication may be considered
forward-looking statements. Forward-looking statements are
statements that are not historical facts and generally relate to
future events or ArcLight’s or the OPAL Fuels’ future financial or
other performance metrics. In some cases, you can identify
forward-looking statements by terminology such as “believe,” “may,”
“will,” “potentially,” “estimate,” “continue,” “anticipate,”
“intend,” “could,” “would,” “project,” “target,” “plan,” “expect,”
or the negatives of these terms or variations of them or similar
terminology. Such forward-looking statements, including the
identification of a target business and a potential business
combination or other such transaction are subject to risks and
uncertainties, which could cause actual results to differ
materially from those expressed or implied by such forward looking
statements. New risks and uncertainties may emerge from time to
time, and it is not possible to predict all risks and
uncertainties. These forward-looking statements are based upon
estimates and assumptions that, while considered reasonable by
ArcLight and its management, and OPAL Fuels and its management, as
the case may be, are inherently uncertain and subject to material
change. Factors that may cause actual results to differ materially
from current expectations include, but are not limited to, various
factors beyond management’s control, including general economic
conditions and other risks, uncertainties and factors set forth in
the section entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in the Registration Statement and other
filings with the Securities and Exchange Commission (SEC), as well
as (1) the inability to complete the proposed transaction; (2)
factors associated with companies, such as OPAL Fuels, that are
engaged in the production and integration of renewable natural gas
(RNG), including anticipated trends, growth rates, and challenges
in those businesses and in the markets in which they operate; (3)
macroeconomic conditions related to the global COVID-19 pandemic;
(4) the effects of increased competition; (5) contractual
arrangements with, and the cooperation of, landfill and livestock
waste site owners and operators, on which OPAL Fuels operates its
landfill gas and livestock waste projects that generate electricity
and RNG prices for environmental attributes, low carbon fuel
standard credits and other incentives; (6) the ability to identify,
acquire, develop and operate renewable projects and RNG fueling
stations; (7) the failure to realize the anticipated benefits of
the proposed transaction, which may be affected by, among other
things, competition, the ability of the combined company to grow
and manage growth profitably, maintain relationships with customers
and suppliers and retain key employees; (8) delays in obtaining,
adverse conditions contained in, or the inability to obtain
necessary regulatory approvals or complete regulatory reviews
required to complete the proposed transaction; (9) the outcome of
any legal proceedings that may be instituted in connection with the
proposed transaction; (10) the amount of redemption requests made
by ArcLight’s public shareholders; and (11) the ability of the
combined company that results from the proposed transaction to
issue equity or equity-linked securities or obtain debt financing
in connection with the transaction or in the future. Nothing in
this communication should be regarded as a representation by any
person that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such
forward-looking statements will be achieved. You should not place
undue reliance on forward-looking statements in this communication,
which speak only as of the date they are made and are qualified in
their entirety by reference to the cautionary statements herein.
Both ArcLight and OPAL Fuels expressly disclaim any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in ArcLight’s or OPAL Fuels’ expectations with respect thereto or
any change in events, conditions or circumstances on which any
statement is based.
Disclaimer
This communication is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy, any securities or the solicitation of
any vote in any jurisdiction pursuant to the Business Combination
or otherwise, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220425005666/en/
OPAL Fuels
Media Jason Stewart Senior Director Public Relations and
Marketing 914-421-5336 jstewart@opalfuels.com
ICR, Inc. OPALFuelsPR@icrinc.com
Investors ICR, Inc. OPALFuelsIR@icrinc.com
ArcLight Clean Transition Corp.
II
Marco Gatti Chief Financial Officer 617-531-6300
investor.relations@arclightclean.com
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