Business Wire·May 12, 2026, 4:05 PM ET

Ameresco Announces Closing of Neogenyx Fuels Joint Venture with HASI to Accelerate Growth of Advanced Biofuels

Ameresco, Inc. successfully closed its transaction with HA Sustainable Infrastructure Capital, Inc. to spin off its biofuels business into a new joint venture named Neogenyx Fuels.
The joint venture ownership structure consists of 70% held by Ameresco & 30% held by HASI.
Ameresco contributed its biofuels asset base & operating capabilities to the venture, while HASI committed $400 million in investment.
$100 million of the HASI investment was distributed to Ameresco at the time of closing.
The transaction assigns a $1.8 billion post-money enterprise value to the biofuels business.
Ameresco reaffirmed its fiscal year 2026 guidance following the timely closing of the deal.
Additional transaction details are available in Ameresco's Form 8-K filed with the SEC.