Gevo, Inc. Announces Sale of Approximately $20 Million of Investment Tax Credits Generated by the Gevo NW Iowa RNG Facility Under Inflation Reduction Act, Helping to Drive Further Investme...
Gevo, Inc. (GEVO)
Last gevo, inc. earnings: 11/12 04:05 pm
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Source: GlobeNewswire
ENGLEWOOD, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce the sale of approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act (“IRA”) Investment Tax Credits generated from the commercialization of a renewable natural gas (“RNG”) production facility by Gevo NW Iowa RNG, LLC (“Gevo RNG”) and provides net cash proceeds of approximately $17 million to Gevo after transaction fees. The Gevo RNG asset has been optimized to produce approximately 400,000 MMBtus of RNG per year, and Gevo expects to further increase production over time. Additional RNG value could be unlocked through the monetization of Section 45Z Clean Fuel Production Credits under the IRA, once those rules are defined. Gevo RNG generates RNG by collecting manure on dairy farms and placing it in anaerobic digesters installed on those farms, where biogas (also known as biomethane) is captured, then r
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News
- Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-Carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainable Aviation Fuel, Hydrocarbons, and Chemicals [Yahoo! Finance]Yahoo! Finance
- Gevo Acquires CultivateAI for its Verity Business Unit [Yahoo! Finance]Yahoo! Finance
- Gevo Reports Second Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Gevo to Supply Renewable Hydrocarbon-Based Low-Carbon Intensity Racing Fuel Blendstock to Shell [Yahoo! Finance]Yahoo! Finance
- Gevo Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
GEVO
Earnings
- 11/7/24 - Beat
GEVO
Analyst Actions
- 2/4/25 - HC Wainwright
GEVO
Sec Filings
- 2/3/25 - Form 8-K
- 1/15/25 - Form 8-K
- 1/6/25 - Form 144
- GEVO's page on the SEC website