Archaea Vitality Announces Crucial Appointments to Leadership and Management Groups and Recent Achievements

CANONSBURG, Pa.–(Company WIRE)–Archaea Strength LLC (“Archaea” or “the Company”), an emerging leader in the advancement of renewable natural gasoline (“RNG”) in the U.S., introduced now several key appointments to its leadership and administration groups as nicely as latest operating highlights.

Archaea just lately appointed various new management and management team customers as it prepares to become a publicly-traded business by means of a enterprise mixture with Aria Electricity LLC (“Aria”) and Rice Acquisition Company (“RAC”). These new additions include Derek Kramer as Chief Technological innovation Officer (“CTO”), Lindsay Ellis as Normal Counsel and Company Secretary (“GC”), Chad Bellah as Chief Accounting Officer (“CAO”), Megan Gentle as Vice President of Trader Relations and Campbell Stetter as Vice President of Finance. The enterprise mixture is expected to shut in the 3rd quarter of 2021 and the blended business, which will be called Archaea Electricity, options to be shown on the New York Inventory Exchange underneath the ticker symbol “LFG.”

To support and advance the company’s expansion trajectory as we continue on the integration with Aria and transition to turning into a publicly-traded organization, I am delighted to welcome Chad, Derek, Lindsay, Campbell, and Megan to management positions inside of our workforce,” stated Nick Stork, co-founder and CEO of Archaea. “We keep on to bring in leading-degree expertise and this group is a terrific case in point of that. We genuinely imagine that the expertise and working experience degree of our workforce is unequalled in the house.”

As CTO, Derek Kramer will be liable for Archaea’s interior and external technology technique and operations. Mr. Kramer has extensive government knowledge implementing ground breaking applications and platforms to leverage knowledge and know-how to travel small business general performance and optimization, both as a specialist and in-home for a selection of corporations, including huge publicly-traded firms these as American Electric powered Electric power and Pacific Fuel & Electric powered.

As GC, Lindsay Ellis will guide the Company’s authorized and possibility management capabilities. Mrs. Ellis has important working experience as strategic-centered in-residence counsel at EagleClaw Midstream and Rice Power Inc. and very well as worthwhile practical experience at Gibson, Dunn & Crutcher LLP and Vinson & Elkins L.L.P. Mrs. Ellis provides a prosperity of abilities in mergers and acquisitions, funds markets and securities, company governance and SEC corporate issues.

As CAO, Chad Bellah will oversee the accounting techniques of the Business. Mr. Bellah has expertise advising Fortune 500 firms with elaborate accounting wants and delivering accountable and strategic accounting techniques to aid quick and long-phrase organization targets. Mr. Bellah invested 13 decades at Anadarko Petroleum Company in a wide variety of accounting roles, which include most just lately foremost accounting research and plan. Moreover, Mr. Bellah commenced his accounting career as an audit manager at Ernst & Young.

As Vice President of Investor Relations, Megan Mild will lead interactions with the investment decision community and investigation analysts. Ms. Light-weight has working experience in finance and investor relations across a number of power sectors and joins the Corporation from an investor relations job at Cheniere Strength, Inc., the second-most significant world operator of purely natural gas liquefaction ability.

As Vice President of Finance, Campbell Stetter will be responsible for top a wide range of initiatives in just finance and company progress for the Firm. Mr. Stetter has hugely valuable electricity finance working experience which includes expenditure banking, non-public fairness, and company finance knowledge and joins the Corporation from PetroLegacy Electrical power, a privately-owned E&P company.

Archaea also highlighted the latest operating updates for the put together organization, which includes:

  • Created RNG volumes of 1.18 million MMBtu for initial quarter 2021, which reduces web CO2e emissions by over 62,000 metric tons when displacing conventional purely natural gas. This sum of methane is equal to about 1.7 million metric tons of CO2e emissions if introduced.
  • Properly commissioned the superior-BTU RNG plant at the Boyd County landfill in Kentucky in April and put the challenge into services on program and underneath budget soon after getting the undertaking from a different developer in November 2020.
  • Progressed design on Task Assai at the Keystone Sanitary landfill in Pennsylvania, which on completion of building is anticipated to be the world’s major substantial-BTU RNG plant. Task Assai continues to be on timetable for begin-up by the initial quarter of 2022.
  • Done the acquisition of PEI Electricity LLC, a landfill gas (“LFG”) combustion electrical power producing facility with a combined capability of roughly 70 MW, in April.
  • All main gear has been sent for the initial of 4 Mavrix dairy digester jobs in central California scheduled for get started-up in the third quarter of 2021.
  • The business combination of RAC, Archaea and Aria has acquired acceptance from the Federal Strength Regulatory Commission (“FERC”), cleared the HSR anti-rely on process, and stays on concentrate on to shut in third quarter 2021.

On Friday, July 2, 2021, RAC refiled its preliminary proxy assertion with the Securities and Exchange Fee (“SEC”), which is made up of information and facts concerning a amount of the highlights outlined earlier mentioned, in addition to other updates for the put together company, together with Q1 2021 information1.

We are happy to present our very first quarterly disclosure for the mixed corporation as an crucial phase in our determination to transparency with our stakeholders,” stated Nick Stork. “Our latest focus is on making certain the advancement of our progress routine as very well as productive integration of Archaea and Aria groups and devices. We carry on to see substantial chances to maximize fiscal returns and benefit to our stakeholders.

We are targeted on the improvement and construction of key professional assignments, which include Venture Assai, which upon completion will be supported by a portfolio of extensive-time period mounted rate contracts, enabling us to restrict earnings volatility and deliver predictable returns to shareholders although enabling our customers to attain their extended-term environmental targets.

Discussions for business enterprise advancement and extended-expression contractual offtake keep on to accelerate, and we are looking at optimistic momentum in almost each individual aspect of our business enterprise as we operate to leverage our experience and technological pros. With our concentrate on ongoing execution, we are reaffirming EBITDA guidance for the combined organization for entire yr 2021, which was beforehand introduced in April 2021.

I’d like to thank the staff from each Aria and Archaea for their continued really hard perform, which presents us great operational momentum heading into the expected merger close. We’re extremely fired up to start off working as one particular team and unlocking the value opportunity of the put together businesses.”

1. Data in the preliminary proxy statement is matter to adjust, probably materially, owing to SEC review or or else.

About Archaea Electricity LLC

Archaea Strength LLC is an emerging leader in building renewable normal gas from substantial-carbon emission procedures and industries by capturing recurring emissions from foodstuff waste, wastewater, agricultural squander and landfill gas. Archaea builds, operates and manages RNG assignments all through the entire power daily life cycle and delivers off-consider associates the opportunity to order RNG from its portfolio of tasks less than very long-phrase agreements. Archaea provides pipeline-top quality RNG from coastline to coastline using existing pure fuel infrastructure.

Supplemental data is available at www.archaeaenergy.com/.

Forward Looking Statements

This press release consists of “forward wanting statements” within the indicating of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Ahead-searching statements may be recognized by the use of text these kinds of as “may,” “might,” “will,” “would,” “could,” “should,” “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other equivalent expressions, although not all forward seeking statements incorporate this sort of identifying phrases. All statements other than historical details are forward wanting statements. These types of statements include things like, but are not limited to, statements concerning the business enterprise blend marketplace conditions and traits earnings, effectiveness, strategies, prospective buyers and other facets of the corporations of RAC, Aria, Archaea and the mixed organization. Ahead looking statements are centered on present-day anticipations, estimates, projections, targets, views and/or beliefs of Archaea, and this sort of statements involve known and mysterious threats, uncertainties and other aspects.

The pitfalls and uncertainties that could result in people genuine final results to differ materially from all those expressed or implied by these forward looking statements include, but are not limited to: (a) the prevalence of any celebration, change or other situation that could give rise to the termination of the proposed business blend and any transactions contemplated therefore (b) the capacity to comprehensive the transactions contemplated by the proposed business enterprise mix owing to the failure to acquire approval of the stockholders of RAC, or other ailments to closing of the proposed business blend (c) the capability to satisfy NYSE’s listing requirements next the consummation of the transactions contemplated by the proposed business combination (d) the possibility that the proposed transactions disrupt present-day plans and functions of Aria, Archaea or their subsidiaries as a end result of the announcement and consummation of the transactions explained herein (e) the ability to understand the anticipated added benefits of the proposed transactions, which may be affected by, among other things, levels of competition, the means of the merged corporation to mature and control advancement profitably and retain its management and important workforce (f) expenditures linked to the proposed business blend and associated transactions (g) the likelihood that Aria or Archaea could be adversely impacted by other economic, company, and/or competitive things (h) the merged company’s capability to build and work new projects (i) the reduction or elimination of govt economic incentives to the renewable energy market (j) delays in acquisition, financing, building and development of new initiatives (k) the size of growth cycles for new assignments, which include the design and design procedures for the merged company’s projects (l) the combined company’s capacity to discover suitable destinations for new jobs (m) the merged company’s dependence on landfill operators (n) current regulations and alterations to restrictions and insurance policies that outcome the merged company’s operations (o) drop in community acceptance and aid of renewable electrical power advancement and tasks (p) sustained demand from customers for renewable electricity (q) impacts of climate adjust, switching climate styles and problems, and all-natural disasters (r) the skill to secure vital governmental and regulatory approvals and (s) other dangers and uncertainties indicated in the preliminary or definitive proxy assertion, together with people underneath “Risk Variables” therein, and other paperwork filed or to be submitted with the SEC by RAC.

The foregoing record of components is not unique. You really should not location undue reliance on any forward searching statements, which converse only as of the day built. RAC, Aria, Archaea and the combined firm do not undertake or settle for any obligation or undertaking to update or revise the forward looking statements established forth herein, whether as a result of new details, foreseeable future situations or otherwise, except as may be expected by regulation.

Crucial Information about the Transaction and Wherever to Find It

In connection with the proposed company mixture, RAC has submitted a preliminary proxy assertion and intends to file a definitive proxy assertion with the SEC. This press launch does not have all the information and facts that really should be regarded as about the proposed combination, and it is not supposed to present the foundation for any expenditure conclusion or any other choice about the proposed mixture. RAC’s stockholders and other intrigued people are recommended to read the preliminary proxy assertion, the amendments thereto, and, when obtainable, the definitive proxy statement and paperwork incorporated by reference therein submitted in relationship with the proposed blend, as these products will incorporate important details about the combined organization, RAC, Aria, Archaea and the proposed blend. When offered, the definitive proxy statement will be mailed to the stockholders of RAC as of a report date to be proven for voting on the proposed mix. Stockholders will also be capable to obtain copies of the preliminary proxy assertion, the definitive proxy statement and other documents submitted with the SEC that will be incorporated by reference therein, without demand, when available, at the SEC’s web-site at http://www.sec.gov.

Members in the Solicitation

RAC, Aria and Archaea and their respective administrators, executive officers and other personnel may well be deemed to be contributors in the solicitation of proxies of RAC’s stockholders in relationship with the proposed organization blend. Details concerning the persons who could, below SEC principles, be considered individuals in the solicitation of RAC’s stockholders in link with the proposed combination, like their names and a description of their passions in the proposed mix, will be established forth in the proxy assertion relating to these types of transaction when it is submitted with the SEC.

No Provide or Solicitation

This press release shall not represent a solicitation of a proxy, consent or authorization with regard to any securities or in respect of the proposed business mix. This push launch shall not represent an provide to offer or the solicitation of an provide to acquire any securities, nor shall there be any sale of securities in any states or jurisdictions in which this kind of give, solicitation or sale would be illegal prior to registration or qualification less than the securities legal guidelines of these state or jurisdiction. No offering of securities shall be made besides by suggests of a prospectus meeting the requirements of segment 10 of the Securities Act of 1933, as amended.