Opal Fuels Announces Capacity Expansion Plans and Co-CEO Retirement
Opal Fuels (OPAL) has announced plans to expand its annual design capacity by 2.0 million MMBtu through 2027. This growth initiative follows a strong third quarter where the company reported adjusted EBITDA of $26.7 million, representing a 32% increase compared to the previous year. In addition to the operational expansion, the company confirmed that Co-CEO Maurer is scheduled to retire on March 31, 2027. The combination of significant capacity scaling and steady EBITDA growth suggests a period of aggressive infrastructure development for the firm.
Tickers: $OPAL