XCF Global signs LOI with New Rise Renewables Reno

In Texas, XCF Global, Inc. has signed a Letter of Intent with Posh Robotics through its subsidiary New Rise Renewables Reno, LLC to explore deploying Posh Energy’s Flex-Fuel Gensets at the New Rise Reno renewable fuels facility.

Posh’s Flex-Fuel Gensets are expected to be installed at New Rise Reno to convert byproducts from SAF and renewable diesel production into clean, renewable electricity. Its proprietary reforming and fuel cell platform can process propane-rich byproduct streams and transform them into zero-carbon electricity. In the coming weeks, XCF and Posh plan to publish a white paper outlining how Flex-Fuel Gensets can transform byproducts from SAF and renewable diesel production into scalable sources of renewable electricity.

By integrating Posh’s Flex-Fuel Gensets, XCF expects to unlock a combination of tax incentives that enhances both facility economics and sustainability metrics. Hydrogen produced by the system is expected to qualify for the federal 45V Clean Hydrogen Production Tax Credit, while electricity generated from that hydrogen is expected to produce Renewable Energy Credits (“RECs”). When used to power on-site operations, the RECs can be retained and retired to lower the lifecycle carbon intensity of New Rise Reno’s SAF and renewable diesel, thereby boosting the value of the 45Z and LCFS credits.