AMP Americas, a Chicago, IL-based renewable natural gas (RNG) producer and marketer, and compressed natural gas (CNG) fuel and infrastructure operator for the heavy-duty, commercial trucking industry, raised $47m in equity funding.
Houston-based EIV Capital, a private equity firm focused on the energy industry, made the investment.
The company intends to use the funds to pursue growth opportunities across its businesses.
Led by Grant Zimmerman, CEO, AMP Americas provides clean, low cost natural gas and 100% renewable natural gas for heavy-duty trucks. The company operates three business units:
Renewable Dairy Fuels, which produces renewable natural gas at its biogas facility at Fair Oaks Farms in Indiana;
ampCNG, which owns and operates a nationwide network of 20 public-access, ultra-fast fill CNG fueling stations, and
ampRenew, which sources RNG for partner CNG stations and ampCNG stations and provides risk management to help fleets and station owners reduce risk and save money.