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Press & Media
Newsroom
Newsroom
Neogenyx Fuels launched in May 2026 as a 70/30 joint-venture project between Ameresco and HASI. The spin-off company is built with Ameresco’s legacy biofuels business and a $400 million capital commitment from HASI. Neogenyx CEO Mike Bakas joins hosts Hill Vaden and Sam Humphreys to discuss the evolution of Ameresco’s RNG business and how its partnership with HASI will help scale increased production of green molecules.
What does it take to build a billion-dollar biofuels company from inside one of energy’s most durable entrepreneurial firms? Michael Bakas has spent 25 years at Ameresco — and now he’s leading Neogenyx Fuels, a new $1.8 billion joint venture with HASI. Elisa Wood of Energy Changemakers gets the full story: the cocktail-napkin founding of Ameresco, the dual energy crisis (geopolitics + AI demand), and why RNG’s global moment has arrived.
The new company will be majority owned by Ameresco. The fresh infusion of capital will allow a biogas developer with a long history in the industry to more aggressively pursue its project pipeline.
Neogenyx Fuels Strengthens Renewable Natural Gas Platform with Delivery of ISCC-Certified RNG to Europe
Neogenyx Fuels and Adams Land & Cattle to Construct Renewable Natural Gas Facility in Nebraska
Ameresco Announces Closing of Neogenyx Fuels Joint Venture with HASI to Accelerate Growth of Advanced Biofuels
Ameresco and HASI Announce Formation of Neogenyx Fuels, a Joint Venture to Accelerate Growth of Advanced Biofuels