We believe that this equity capital commitment, combined with support from our debt financing relationships, will allow us to invest up to a billion dollars of total capital to create a leading platform in the RNG space,” said Roy Ben-Dor, managing director, Warburg Pincus.Viridi Energy will be backed by an approximately $320 million equity commitment led by Warburg Pincus “We consider the Viridi management team to be pioneers in the RNG industry, having developed several dozen RNG assets over the course of their careers. Bill Keller also joins as VP markets & strategy, after having served as global General Manager for gas separation technologies at Air Liquide and as a pilot in the U.S. Dana Husnay, who joins Viridi as VP development, previously served as director of RNG operations at Air Liquide. Jake Crouse, who joins Viridi as VP origination, previously served as vice president of Biogas at Air Liquide. Matt Atkins, who joins Viridi as VP operations, previously served as Director of O&M at Brightmark and as project manager at Amec Foster Wheeler and Fluor. LLC, where he supervised all of the RNG business in the Americas. Benham was previously the President of Unconventional Gas Solutions LLC, and CEO of Air Liquide Advanced Technologies U.S. With significant equity backing led by Warburg Pincus, we will be well-positioned to identify and develop RNG assets where the latest technology can unlock further value potential,” said Chet Benham, President of Viridi Energy. “Our team’s collective experience sourcing, developing, and operating RNG opportunities will be crucial in building the Viridi platform and its success. “Our mission is to work closely with a broad base of stakeholders to develop RNG that will replace higher emission fuel in a cost-friendly and environmentally effective way.” “Viridi has a truly differentiated approach, with the unique ability to handle all parts of the RNG value chain, spanning development, operations, financing, and commercial strategy,” said Viridi CEO Andy Kelleher.
Together, the team has over 75 years of experience developing and operating energy assets. Other managers at the company include Chet Benham, Matt Atkins, Jake Crouse, Dana Husnay and Bill Keller. Viridi is led by CEO Andy Kelleher, who also serves as managing partner at Green Rock Energy Partners. Viridi is currently developing multiple projects and expects to break ground on several RNG development assets in the third quarter of 2022. Viridi Energy is a renewable energy company developing a platform to build, own and operate RNG assets with landfill, dairy, and food waste feedstocks across North America. Warburg Pincus has granted Viridi Energy $320 million in equity financing to develop renewable gas (RNG) projects from landfill, dairy and food waste feedstocks.
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