Opal Fuels, a producer and distributor of renewable natural gas, has merged with ArcLight Clean Transition Corp. II.
Opal Fuels owns and operates 24 biogas projects, with 19 projects focused on renewable power.
Adam Comora, co-CEO of Opal Fuels, stated, “We are incredibly proud to complete this transaction and become a public company. This transformative step enables the next phase of growth at Opal Fuels, and we look forward to our continued partnership with the ArcLight team and delivering value to all of our stakeholders.”
Sheppard Mullin Richter & Hampton LLP is acting as legal advisor to Opal Fuels. Kirkland & Ellis LLP is serving as legal advisor to ArcLight.