UGI Energy Services Blog

• UGI invests approximately $150 million in two new dairy cluster RNG projects located in South Dakota
• Expects to generate approximately 525 million cubic feet of RNG annually once these projects are completed in calendar year 2024
• GHI Energy, a wholly owned subsidiary of UGI, to be the exclusive marketer for these projects

January 4, 2023

WYOMISSING, PA, -- (BUSINESS WIRE) – January 4, 2023 – UGI Corporation (NYSE: UGI) announced today that MBL Bioenergy has entered an agreement to develop its second and third clusters of dairy manure waste to renewable natural gas (“RNG”) projects in South Dakota. In total, these additional projects will represent approximately $150 million of investment by MBL Bioenergy, of which 100% of the funds will be provided by UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI. MBL Bioenergy is a joint venture partnership between UGIES, Sevana Bioenergy and a subsidiary of California Bioenergy (“CalBio”) with the sole purpose of developing RNG projects in South Dakota.

New Project Expected to be Completed in Second Half of 2024 and to Produce 35 Million Cubic Feet of RNG Annually
November 15, 2022

WYOMISSING, PA, November 15 – UGI Corporation (NYSE: UGI) announced today that Cayuga RNG has entered into an agreement to develop its fifth project to produce renewable natural gas (“RNG”) in upstate New York. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI, and Global Common Ventures, LLC (“GCV”).

September 30, 2022 – Union Springs, NY -- Cayuga RNG Holdings, LLC (“Cayuga RNG”) celebrated the commissioning of their new Renewable Natural Gas (RNG) facility with a ribbon-cutting ceremony at Spruce Haven Farm in Union Springs, New York. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI Corporation (NYSE: UGI), and Global Common Ventures, LLC (“GCV”).

WYOMISSING, PA, April 21 – UGI Corporation (NYSE: UGI) announced today that its subsidiary, UGI Energy Services, LLC, acquired a 33% equity interest in Ag-Grid Energy LLC (“Ag-Grid”), a renewable energy producer with projects in the United States. Ag-Grid currently develops and operates small scale renewable power projects that support local energy demands while lowering emissions.

VALLEY FORGE, Pa., February 15, 2022 – UGI Corporation (NYSE: UGI) announced today that its subsidiary, AmeriGas Propane (“AmeriGas”), the nation’s largest retail propane marketer, has entered into an agreement with Global Clean Energy Holdings, Inc. (OTCQX: GCEH) to purchase and distribute renewable LPG. AmeriGas will leverage its supply and logistics infrastructure and sales and marketing teams to market and distribute renewable LPG to new and existing customers primarily in the state of California.

WYOMISSING, Pa, February 10 - Pennant Midstream, LLC (“Pennant”), announced that the company has signed a series of agreements throughout 2021 with a subsidiary of Energy Developments Pty Ltd (“EDL”) headquartered in Brisbane, Australia to accept delivery of renewable natural gas (“RNG") into its natural gas gathering system. Pennant is a partnership between UGI Energy Services, LLC (“UGIES”), which is a subsidiary of UGI Corporation (NYSE: UGI), Harvest Midstream I, L.P, and a subsidiary of Williams Companies.

VALLEY FORGE, Pa., January 18, 2022 – In December 2021, UGI Corporation (NYSE: UGI) received a rating of AA in the MSCI environmental, social and governance (ESG) Ratings assessment. The upgrade to AA rating positions UGI among the leading companies worldwide for action across ESG matters and reflects UGI’s robust governance practices and improved GHG mitigation strategies.

VALLEY FORGE, Pa.--(BUSINESS WIRE) - Jan. 5, 2022-- UGI Corporation (NYSE: UGI) announced today that it has entered into a 15-year agreement with California-based technology developer, Vertimass, to utilize their catalytic technology to produce renewable fuels from renewable-ethanol in the U.S. and Europe.

VALLEY FORGE, Pa., January 4 – UGI Corporation (NYSE:UGI) announced today that its subsidiary, UGI Energy Services, LLC (“UGIES”), has entered into a definitive agreement to acquire Stonehenge Appalachia, LLC (“Stonehenge”) from Stonehenge Energy Holdings, LLC for approximately $190 million. This investment is expected to be immediately accretive to adjusted earnings.

October 9, 2021, Reading, PA -- UGI Energy Services, LLC (UGIES), a subsidiary of UGI Corporation, today presented the Veteran’s Coalition of Pennsylvania a work truck filled with donated items in advance of the winter season at the Coalition’s Mini Stand Down event. The truck, a Ford F-350, and donations were coordinated through UGIES’ newly formed Veteran Employment Team (VET).