Archaea Energy Announces Key Appointments to Leadership and Management Teams and Recent Achievements
Summary
We truly believe that the talent and experience level of our team is unrivaled in the space.” As CTO, Derek Kramer will be responsible for Archaea’s internal and external technology strategy and operations. Archaea also highlighted recent operating updates for the combined company, including: • Produced RNG volumes of 1.18 million MMBtu for first quarter 2021, which reduces net CO2e emissions by over 62,000 metric tons when displacing traditional natural gas. • The business combination of RAC, Archaea and Aria has received approval from the Federal Energy Regulatory Commission (“FERC”), cleared the HSR anti-trust process, and remains on target to close in third quarter 2021. On Friday, July 2, 2021, RAC refiled its preliminary proxy statement with the Securities and Exchange Commission (“SEC”), which contains information regarding a number of the highlights mentioned above, in addition to other updates for the combined company, including Q1 2021 information1. This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995.