New Fortress Energy Inc. is a global energy infrastructure company that specializes in the development and operation of natural gas infrastructure projects. The company was founded in 2014 by billionaire businessman Wes Edens. Headquartered in New York, USA, New Fortress Energy focuses on delivering clean and reliable energy solutions to drive economic growth and improve energy access worldwide. They are is listed on the NASDAQ stock exchange under the ticker symbol "NFE."
New Fortress Energy's core business involves the production, processing, storage, and distribution of natural gas. The company builds and operates liquefied natural gas (LNG) terminals, transportation vessels, and associated infrastructure to enable the safe and efficient delivery of natural gas to customers. Their operations span across various regions, including North America, the Caribbean, Europe, and Africa.
The company aims to accelerate the transition from traditional fossil fuels to cleaner energy sources, such as natural gas and renewable energy. By leveraging natural gas, which is a cleaner-burning fuel compared to coal and oil, New Fortress Energy seeks to reduce carbon emissions and support the global effort to combat climate change.
New Fortress Energy chief product is liquefied natural gas (LNG). LNG is natural gas that has been cooled to a liquid state, making it easier to store and transport. The company invests in LNG production facilities and infrastructure to support the conversion of natural gas into LNG and its distribution to customers worldwide. LNG has significant advantages in terms of lower emissions, reduced transportation costs, and increased flexibility in energy delivery.
New Fortress Energy has been involved in numerous high-profile projects, including the development of LNG terminals and associated infrastructure in various locations. These projects aim to provide reliable and cost-effective energy solutions to power plants, industrial facilities, and communities. By expanding its global footprint and investing in cutting-edge technology, New Fortress Energy plays a vital role in advancing the adoption of cleaner energy sources and contributing to a more sustainable energy future.