Gevo, Inc. Announces Sale of Approximately $20 Million of Investment Tax Credits Generated by the Gevo NW Iowa RNG Facility Under Inflation Reduction Act, Helping to Drive Further Investment in Clean Energy

ENGLEWOOD, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce the sale of approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act ("IRA") Investment Tax Credits generated from the commercialization of a renewable natural gas ("RNG") production facility by Gevo NW Iowa RNG, LLC ("Gevo RNG") and provides net cash proceeds of approximately $17 million to Gevo after transaction fees. The Gev ...