NextDecade Secures $175 Million in Funding to Fuel Lower Carbon Energy Initiatives

NextDecade Corporation, a trailblazer in providing lower carbon intensive energy solutions, has successfully secured $175 million in funding to propel its innovative projects aimed at transforming the energy landscape. Based in Houston, Texas, NextDecade operates through its subsidiaries, Rio Grande LNG and NEXT Carbon Solutions, focusing on the development of a groundbreaking 27 million tonnes per annum (mtpa) LNG export terminal in South Texas. This initiative positions NextDecade to deliver some of the most competitively priced and environmentally friendly LNG products to the global market, aligning with the increasing demand for sustainable energy alternatives. In tandem with the LNG project, the company is spearheading one of North America's largest proposed carbon capture and storage initiatives, underscoring its commitment to environmental stewardship and sustainability. The funds raised will serve to advance the development of these pivotal projects, enhance operational capabilities, and further NextDecade's mission to reduce carbon footprints in the energy sector. As global leaders look for impactful solutions to climate change, NextDecade is poised to be at the forefront of this transition, reflecting its dedication to harnessing technology for a cleaner and greener future. With its common stock traded under the Nasdaq symbol “NEXT,” investor confidence in NextDecade's vision and strategic direction is evident as the company continues to innovate within the energy sector.