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Related Party Transactions | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions [Abstract] |
Related Party Transactions | Note 18 —Related Party Transactions TotalEnergies S.E. During the years ended December 31, 2022, 2023 and 2024, the Company recognized revenue of $7.6 million, $1.4 million, and $0.0 million, respectively, relating to RINs and LNG sold to TotalEnergies and its affiliates in the ordinary course of business, equipment lease revenue, AFTCs, and settlements on commodity swap contracts (Note 6). Outstanding receivables due from TotalEnergies were immaterial as of December 31, 2023 and 2024. During the years ended December 31, 2022, 2023 and 2024, the Company paid TotalEnergies $8.4 million, $6.9 million, and $3.6 million, respectively, for expenses incurred in the ordinary course of business, settlements on commodity swap contracts (Note 6), and the guaranty fee under the Credit Support Agreement with TotalEnergies Holdings USA Inc., a wholly owned subsidiary of TotalEnergies. Outstanding payables due to TotalEnergies were immaterial as of December 31, 2023 and 2024. SAFE S.p.A During the years ended December 31, 2022, 2023 and 2024, the Company received $0.2 million, $0.3 million, and $0.1 million, respectively, from SAFE&CEC S.r.l. (and its successor entity, SAFE S.p.A.) in the ordinary course of business. As of December 31, 2023, the Company had receivables due from SAFE&CEC S.r.l. of $0.3 million. Outstanding receivables due from SAFE S.p.A. were immaterial as of 2024. During the years ended December 31, 2022, 2023 and 2024, the Company paid SAFE&CEC S.r.l (and its successor entity SAFE S.p.A.) $16.7 million, $12.6 million, and $6.0 million, respectively, for parts and equipment in the ordinary course of business. As of December 31, 2023 and 2024, the Company had payables due to SAFE S.p.A. of $8.1 million and $0.3 million, respectively. TotalEnergies Joint Venture(s) and bpJV Pursuant to various contractual agreements of the TotalEnergies joint venture(s) and bpJV, the Company manages day-to-day operations of RNG projects in the joint ventures in exchange for an O&M fee and management fee. For the years ended December 31, 2022, 2023 and 2024, the Company recognized management and O&M fee revenue of $1.3 million, $3.1 million, and $3.1 million, respectively. As of December 31, 2023 and 2024, the Company had management and O&M fee receivables due from the joint ventures with TotalEnergies and bp of $0.3 million and $0.4 million, respectively. For the years ended December 31, 2022, 2023 and 2024, the Company paid $0.6 million, $1.2 million, and $0.0 million, respectively, on behalf of the joint ventures for expenses incurred in the ordinary course of business. As of December 31, 2023 and 2024, outstanding receivables due from the joint ventures with TotalEnergies and bp totaled $0.7 million and $0.4 million, respectively, representing outstanding unreimbursed expenses that the Company paid on behalf of the joint ventures. For the years ended December 31, 2022, 2023 and 2024, the Company received $1.5 million, $5.0 million, and $4.1 million, respectively, from the joint ventures with TotalEnergies and bp for management and O&M fees and reimbursement of expenses incurred in the ordinary course of business. No amounts were paid to the joint ventures with TotalEnergies and bp for the years ended December 30, 2022 and 2023. For the year ended December 31, 2024, the Company paid $4.5 million to the joint ventures with TotalEnergies and bp, relating to environmental credits pursuant to the contractual agreements of the TotalEnergies joint venture(s) and bpJV. As of December 31, 2023 and 2024, the Company had payables due to the joint ventures with TotalEnergies and bp of $0.6 million and $0.6 million, respectively, relating to sharing of environmental credits pursuant to the various contractual agreements of the TotalEnergies joint venture(s) and bpJV. As of December 31, 2022, no payables were outstanding relating to sharing of environmental credits. Rimere For the years ended December 31, 2023 and 2024, the Company provided $3.5 million and $6.0 million, respectively, to Rimere in connection with its loan commitments (see Note 14). As of December 31, 2023 and 2024, the carrying amount of the Company’s convertible promissory notes measured at fair value was $2.3 million and $0.3 million, respectively, and is included in “Notes receivable – related party” as of December 31, 2023 and 2024 in the accompanying consolidated balance sheets. For the years ended December 31, 2023 and 2024, the Company recognized management fee revenue of $0.6 million and $0.6 million, respectively. As of December 31, 2023 and 2024, the Company had management fee receivables due from Rimere of $0.7 million and $0.1 million, respectively. Excluding management fee revenue, no other revenue from Rimere was recognized in the year ended December 31, 2023. In the year ended December 31, 2024, excluding management fee revenue, the Company recognized $0.1 million of revenue relating to equipment sold to Rimere in the ordinary course of business. There were no outstanding receivables, excluding management fee receivables, due from Rimere as of December 31, 2023 and 2024, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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