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Pilot Company Vice President of Business Development and Strategy John Tully said “ Pilot is excited to continue to support the VoltaGrid platform and remains a dedicated shareholder as the company embarks on its decarbonization efforts across North America. We believe the combined entity will gain from capital efficiencies and synergies that will benefit our team members, stakeholders and customers

VoltaGrid Announces the Acquisition of Pilot’s CNG Virtual Pipeline Assets and Closes New ...

VoltaGrid LLC (“VoltaGrid” and “Company”) and Pilot Company (“Pilot”) entered into and closed a definitive agreement for VoltaGrid to acquire substantially all assets of Pilot’s CNG compression, CNG virtual pipeline and CNG logistics platform (the “Acquisition”). Through the Acquisition, VoltaGrid will become the largest vertically integrated portable power generation and clean fuels platform in North America. The combined platform will provide a reliable and cost-effective solution to advance electric completions, remote mining decarbonization, utility grid reinforcements and hydrogen blending partnerships. The Company expects to significantly increase its footprint across the USA by developing a low carbon fuels network to decarbonize key oil & gas basins, active industrial regions, carbon intensive mining operations and the transportation market

By VoltaGrid LLC
Published - Dec 09, 2022, 02:35 PM ET
Last Updated - Jun 19, 2024, 05:07 AM EDT

HOUSTON, Dec. 09, 2022 (GLOBE NEWSWIRE) -- VoltaGrid LLC (“VoltaGrid” and “Company”) and Pilot Company (“Pilot”) entered into and closed a definitive agreement for VoltaGrid to acquire substantially all assets of Pilot’s CNG compression, CNG virtual pipeline and CNG logistics platform (the “Acquisition”). Through the Acquisition, VoltaGrid will become the largest vertically integrated portable power generation and clean fuels platform in North America. The combined platform will provide a reliable and cost-effective solution to advance electric completions, remote mining decarbonization, utility grid reinforcements and hydrogen blending partnerships. The Company expects to significantly increase its footprint across the USA by developing a low carbon fuels network to decarbonize key oil & gas basins, active industrial regions, carbon intensive mining operations and the transportation market.

The Acquisition builds off a well-developed relationship that the two companies formed in 2020 in conjunction with Pilot’s investment in VoltaGrid’s low carbon power generation platform. The strength of the vertically integrated platform will significantly increase the overall asset base of VoltaGrid by creating a market leading:

  • 870,000 Diesel Gallons Equivalent Per Day of CNG Production Capacity by Q2 2023.
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