Operis is pleased to have provided a due diligence review of the financial model for Fidelis New Energy’s Grön Fuels, Capio Sequestration, and Cyclus Steam & Power clean energy projects.
Grön Fuels is a 65,000 barrel per day renewable fuels facility producing Sustainable Aviation Fuel, Renewable Diesel, and Green Hydrogen as low-carbon transportation fuels. Capio Sequestration develops carbon capture and sequestration assets that will be utilized to sequester significant volumes of biogenic CO2 from the Grön Fuels facility and third parties. Cyclus Steam & Power is a 300 MW biomass power plant utilizing carbon capture and sequestration that powers the Grön Fuels facility.
By providing a due diligence review for these multi-billion dollar capital investment projects Operis continues its involvement in North America, following on from the announcement of the Inflation Reduction Act (IRA) to encourage clean energy.
“Operis has again shown themselves to be incredibly valuable to the Fidelis team in providing detailed and time-sensitive model audit reports that are the perfect balance between astute commercial awareness of what makes a deal tick and incredibly detailed technical modelling feedback,” said Gardner Boulmay, a Managing Director at Fidelis New Energy.