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New Fortress Energy welcomed to the Nasdaq Stock Market

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LNG Industry,


Nasdaq has announced that New Fortress Energy LLC – an integrated gas-to-power company – rang the Nasdaq MarketSite bell in Times Square, New York, in celebration of its initial public offering to the Nasdaq Stock Market.

New Fortress Energy is a company based in New York that is looking to looking to use stranded natural gas to meet the world’s increasing power requirements. The company’s aim is to provide modern infrastructure solutions to create cleaner, reliable energy, whilst also generating a positive economic impact worldwide.

Wes Edens, Founder and CEO of New Fortress Energy, said: “We founded New Fortress Energy to meet the growing demand for affordable, clean and reliable energy around the world.

“Today’s listing on Nasdaq will support the growth of our fully integrated LNG infrastructure and logistics network. With the support of new and existing shareholders, we look forward to continuing our efforts to improve people’s lives and make a positive economic and environmental impact.”

Nelson Griggs, President of the Nasdaq Stock Exchange, added: “New Fortress Energy is disrupting the LNG space while reducing energy costs and diversifying resources. They have a unique, integrated business model spanning the entire production and delivery chain.

“We couldn’t be more proud to welcome them to the Nasdaq family as the first energy company to list on a US exchange in 2019.”

Read the article online at: https://www.lngindustry.com/liquefaction/04022019/new-fortress-energy-welcomed-to-the-nasdaq-stock-market/

 

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