Retail Supplier Acquires Renewable Natural Gas Marketer
July 9, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
The following story is brought free of charge to readers byEC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
UGI Corporation announced today that its subsidiary, UGI Energy Services, LLC, acquired GHI Energy, LLC (GHI), a Houston-based renewable natural gas marketer.
GHI markets renewable natural gas (RNG) in California, which has a carbon credit trading program, and GHI is primarily focused on providing vehicle fleets with RNG by coordinating supply from a portfolio of sources across the country.
"UGI Energy Services’ deep expertise in energy commodity marketing and its strong customer base will provide a platform for expanding GHI’s marketing, supply & logistics, and project expertise into other parts of the country," UGI said
John Greene, co-founder of GHI, said, "This transaction represents a major strategic opportunity that provides us with incredible resources from an industry leading energy marketing brand to both grow the company and continue to enhance the excellent customer service that we are known for, both to our existing customer base in California and to future customers in other regions."
Robert F. Beard, UGI’s Executive Vice President - Natural Gas, said, "Adding GHI to our portfolio allows UGI the opportunity to continue growing in an environmentally responsible way, as well as enhance and expand our commitment to offer energy solutions that are innovative, efficient and beneficial to the environment."
"The GHI acquisition advances our strategy to position UGI as a leading provider of energy solutions that meet the environmental and social needs of our customers and our communities," said John L. Walsh, President and CEO - UGI Corporation. "We’ve had very good success with our Bio-LPG product in Europe and we look forward to expanding our portfolio of renewable offerings. We are committed to positioning UGI as a leader in this area of critical importance to the company and our environment."