Speculation and rule 30From the investor presentation I've seen it looks like GRN is one of if not the only companies to currently offer upgrading equipment that socalgas will accept into their pipelines per rule 30.
Within the last few days GEVO announced that they have funding for a $68m 20,000 cows RNG facility that will sell into California. Given this, I am speculating that GEVO may be a project for GRN this year as the facility is set to start up in 2022.
I haven't been through the financials or seen anything regardling what they're using the proceeds from the $2.17 bought deal for, but I'm again speculating that it's to bring up their capabilities and inventory to meet the potentially large order for without impacting timelines for the rest of their backlog. They also should hopefully be getting an order for an another project through the IBA which they're one of the founders of for an Idaho facility (16,500 cows).
I don't know if any of this is true, but it's fun to think about the potential, especially with all of these red days. If anyone has any thoughts or information around these 2 projects please share!