NW Natural to purchase RNG from Element Markets
NW Natural has agreed to purchase RNG from RNG marketing and environmental commodities firm Element Markets for its customers in Oregon, US.
NW Natural, a subsidiary of NW Natural Holding Company, signed the agreement as part of the RNG programme instituted under Oregon Senate Bill 98.
This marks the second RNG contract for NW Natural under the landmark bill, which supports renewable energy procurement and investment by natural gas utilities. The first was a project development agreement signed in December 2020 with BioCarbN.
With the addition of this most recent project, NW Natural has signed agreements with options to purchase or develop RNG, totalling around 2% of its annual sales volume in Oregon, enough o heat around 36,000 homes.
“We’re pleased to partner with Element Markets to help lower emissions on behalf of our customers,” said David Anderson, NW Natural’s president and CEO.
“With this agreement and our request for proposals, we’re taking a critical step to source more and more of our supply from renewables while also helping to close the loop on waste.”
Under the agreement with Element Markets, NW Natural will purchase the environmental attributes, or Renewable Thermal Certificates (RTCs), generated by a new RNG facility at a wastewater treatment plant in New York City and a Wisconsin-based mixed waste anaerobic digestion facility.
Angela Schwarz, co-president and CEO of Element Markets, commented: “As communities across the country seek out greener energy solutions, we’re excited to work with forward-thinking utilities like NW Natural in delivering the benefits of RNG.
“This agreement represents an innovative approach to sustainable utility procurement, and we look forward to our continued partnership.”
NW Natural may begin acquiring RTCs under this agreement as early as September.
NW Natural, a subsidiary of NW Natural Holding Company, signed the agreement as part of the RNG programme instituted under Oregon Senate Bill 98.
This marks the second RNG contract for NW Natural under the landmark bill, which supports renewable energy procurement and investment by natural gas utilities. The first was a project development agreement signed in December 2020 with BioCarbN.
With the addition of this most recent project, NW Natural has signed agreements with options to purchase or develop RNG, totalling around 2% of its annual sales volume in Oregon, enough o heat around 36,000 homes.
“We’re pleased to partner with Element Markets to help lower emissions on behalf of our customers,” said David Anderson, NW Natural’s president and CEO.
“With this agreement and our request for proposals, we’re taking a critical step to source more and more of our supply from renewables while also helping to close the loop on waste.”
Under the agreement with Element Markets, NW Natural will purchase the environmental attributes, or Renewable Thermal Certificates (RTCs), generated by a new RNG facility at a wastewater treatment plant in New York City and a Wisconsin-based mixed waste anaerobic digestion facility.
Angela Schwarz, co-president and CEO of Element Markets, commented: “As communities across the country seek out greener energy solutions, we’re excited to work with forward-thinking utilities like NW Natural in delivering the benefits of RNG.
“This agreement represents an innovative approach to sustainable utility procurement, and we look forward to our continued partnership.”
NW Natural may begin acquiring RTCs under this agreement as early as September.
