- RNG can be key part of the solution to current energy crisis as it offers viable alternative to liquid natural gas
- As so-called “drop-in fuel,” RNG doesn’t require costly changes since existing infrastructure can be used, making scaled utilization of RNG quick and affordable
- EverGen appears well-positioned to offer solutions that can contribute to energy security amid heightened global uncertainty
Although concerns about climate change have attracted a lot of attention to the Renewable Natural Gas (“RNG”) space, it is the recently heightened geopolitical risks that could incite a new wave of interest in this non-fossil-fuel alternative as the world seeks effective ways to expedite the energy transition. In a landscape where RNG is increasingly viewed as an efficient and cost-effective solution for decarbonization that helps countries cut dependence on fossil fuels, companies like EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF) are set to benefit. As a renewable energy company that converts organic waste into RNG, EverGen could be one of those helping the world wean itself off natural gas amid increased global vulnerabilities to gas shortages.
Renewable Natural Gas has been creating a lot of excitement in the green energy space, prompting Canadian utility companies to jump on the RNG bandwagon. Over the recent months, many of them, including players such as Enbridge Inc., ATCO Energy Solutions Ltd., and FortisBC, have announced their own pursuit of RNG opportunities. Although the market for clean fuels is burgeoning and evolving, costs have been a significant barrier to widespread RNG adoption since this green alternative is more expensive than traditional natural gas (https://ibn.fm/94wIc).
Still, compared to most other potential green energy peers, RNG has one unique advantage – it is considered a so-called “drop-in fuel.” This means that using RNG doesn’t require any costly changes to transmission infrastructure or appliances enabling countries to utilize their existing infrastructure instead of building new. As countries are prompted to act quickly to address increased uncertainty over gas supplies, RNG could hold the answers to the most recent gas crisis and surging energy prices. Coming from waste, RNG is also an inherently local source of energy. As such, countries worldwide view it as an effective response amid an increased focus on energy security (https://ibn.fm/C8yJp).
As the world frantically reassesses its energy supplies, the newly emerging scene creates an opportunity for green energy companies like EverGen. Founded in 2020, EverGen is focused on acquiring, developing, and operating a portfolio of renewable natural gas, waste to energy, and related infrastructure projects in Canada and beyond. Designed to tackle some of the world’s most urgent environmental problems — such as waste reduction alongside carbon emissions decrease — EverGen also appears well-positioned to tackle other energy-related challenges including energy security and the resulting need for the rapid energy transition. With grand growth plans, the Company is set to grow across other North American regions in the coming years.
For more information, visit the company’s website at www.EvergenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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