New Fortress Energy Inc. (NASDAQ:NFE) is an energy infrastructure company that develops, owns and operates facilities for the production, transportation, storage and delivery of liquefied natural gas (LNG) and natural gas. The company supplies natural gas to power generators, industrial customers and other end users, with the goal of providing reliable and lower-emission alternatives to traditional fuels.
New Fortress Energy’s infrastructure includes LNG liquefaction facilities, floating and land-based storage and regasification terminals, natural gas pipelines and power-generation assets. Its projects are designed to receive, process and distribute LNG in markets that may have limited access to pipeline gas or domestic energy resources. The company has also pursued small-scale and floating LNG projects, including its Fast LNG technology, which is intended to liquefy natural gas at offshore or nearshore locations.
Founded in 2014, New Fortress Energy has developed operations and projects in the United States, the Caribbean and Latin America, including energy infrastructure serving markets such as Jamaica, Puerto Rico, Brazil and Mexico. The company was publicly listed in 2019. Wes Edens, one of the company’s founders, has served as its executive chairman and has been closely involved in its strategic development.
AI Generated. May Contain Errors.
Free NFE Stock Alerts