Evensol ____________________________________________________________________________________________________________
When David Wentworth and Benjamin Benson first began Evensol , it was ahead of the game . RNG production was a thing of the future , and they had a long way to go . Today , Evensol has ten years of success under its belt , with two fully operational RNG sites , and more in the pipeline . Its story is one of innovation and determination , as President and Chief Executive Officer , David Wentworth , begins : “ My Co-founder , Benny Benson , and I first established the company in 2013 . Our strategy was to create an equity-based development and acquisition company . At a time when a lot of folks in our industry were much bigger players , what made our concept different was its simplicity . A lot of competitors had inefficient development and operations processes , and we saw a gap in the market for something more streamlined .
“ Our platform has always been based on biogas / biomethane . When we started , RNG was more of an idea than an actual market . The projects we are pursuing today weren ’ t really viable in the market yet , so our focus was landfill gas to electric projects . We ended up acquiring a small portfolio through a series of complex negotiations , financed through an Alaskan private equity partner and Caterpillar Financial .
Development opportunities
“ Then , as business matured , we found that renewable power prices in the US were declining rapidly . There was a pushback on ‘ green premiums ,’ which resulted in downward pressure across the board . As traditional LFG to electric projects became more challenging , the market for RNG began to stabilize , supporting new project development . We felt the time had finally
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