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Patent US 12,455,047 B2 · Awarded 11-2025

The New Flame of LNG is already operating.

We acquire and develop integrated peak-shaving LNG production & storage facilities — across LNG · Hydrogen · e-Methane — and license our patented GreenER™ tank technology to EPCs and fabricators worldwide.

85+
Years Combined
Executive Experience
169
U.S. LNG
Peak-Shaving Facilities
2 of 6
80K-Gal Tanks
Live at Greenville
GreenER™ MANIFOLD · 2 OF 5 LIVE · GREENVILLE
EPC Contractors Local Distribution Companies Power Generation Mining Marine Municipalities Energy Storage Peak Shaving
Watch · 5 minutes

Learn the GreenER™ Technology
in 5 minutes.

Patented design, no internal pumps, full containment — a quick walkthrough by the team. Click play to watch ▶
Why New Energy™

The country needs more gas, faster — and cleaner.

The U.S. operates 169 LNG peak-shaving facilities with 62.5 Bcf of storage and 6.2 Bcf/day of deliverability. Utilities, power generators, and municipalities are hitting a wall: too much demand, not enough infrastructure, and no time for decade-long builds. We close that gap.

By the Numbers — Partner Experience
100+
Years Combined
Partner Experience
100s
Energy Projects
Completed
1,000s
Contractors
Appointed
$100s M
Capital Raised
& Deployed
Did You Know
New Energy™ owns a proprietary database of every LNG facility in the United States.

Site-by-site operating data, ownership, capacity, and asset history — the institutional view we use to scope every project we touch.

Supply Reliability

Peak-shaving LNG resolves chronic natural-gas shortages and extreme winter pricing — delivering firm supply when pipelines run thin.

Patent-Backed Design

Our tank design — US Patent 12,455,047 B2 (bullets) and Provisional Patent 63/991359 (flat-bottom) — eliminates bottom penetrations and internal pumps, cutting civil work and O&M dramatically.

Designers · Developers · Advisors

We don't just advise — we have designed and developed peak-shaving facilities, and have stood behind every decision in commissioning and ops. Our Managing Partners have 85+ years of combined experience.

GreenER™ Path

Same footprint, additive roadmap: today's LNG tank is ready to host green hydrogen and e-NG production tomorrow.

US Patent 12,455,047 B2 · Awarded 11-2025

The design New Energy™ patented and is already deploying.

GreenER™ is a ground-up rethink of peak-shaving LNG storage — engineered so the tank and pressure build system itself is simpler, safer, and future-ready for propane, hydrogen, nitrogen, methanol, e-Methane (e-NG), and other potential cryogenic fuels — without retrofit.

Δ
Traditional vs GreenER™
The engineering delta
Bottom penetrations
Multiple
Zero
Internal tank pumps
Required
Eliminated
Civil work footprint
Extensive
Reduced
Space-constrained sites
Difficult
Suitable
O&M complexity
High
Simplified
Future H₂ / e-NG integration
Retrofit
Native path
Source: GreenER™ Technology brief — New Energy Development Company.
LNG · −260°F TO VAPORIZERS NO EXTERNAL PUMPS TOP-SIDE WITHDRAWAL NO INTERNAL PUMPS NO BOTTOM PENETRATIONS GreenER™ TANK · US 12,455,047 B2
GreenER tank shell rotating on Chart Industries' blue fabrication positioners inside a clean, well-lit shop
Shop Fabrication
GreenER™ tank on Chart's positioners
Mid-fabrication GreenER LNG tank shell at Chart Industries — bare stainless wall, overhead crane visible above
In Process
Bare shell, staged for finish — controlled, repeatable, factory-grade
Companion Patent

PER™ — Pipeline Energy Recovery

Recovers waste pressure and heat from existing natural gas pipelines and turbines — turning what's normally vented into electrical or process power. When paired with the GreenER™ system, PER™ can reduce electrolyzer power input costs "to as low as $0" on integrated H₂ projects (Power Magazine, 4-27-2021).

e-Methane (e-NG) Roadmap

Same pad. Same design.

The GreenER™ tank is engineered for additive deployment of e-Methane (e-NG) production alongside LNG and hydrogen — without retrofit. One footprint, three product paths, phased on demand.

Licensing & Deployment
GreenER™ is available for license to EPC contractors, system fabricators, and on-site builders.

Chart Industries — a $6 billion strategic marketing partner — is already under license; the Greenville Utilities tanks were fabricated by Chart. Chart is one of several, and a growing number of, GreenER™ Technology license partners that can either fabricate or build, so New Energy Development Company LLC (New Energy™) is not exclusively tied to any single partner. ("Fab" = in a factory; "build" = on-site, for the larger tanks.)

Talk to a Partner →
49 CFR 193 · Regulatory Compliance

Same Code.
Less Land.

The U.S. Department of Transportation's PHMSA defines two exclusion zones every LNG facility must site around: thermal radiation from a credible fire and flammable vapor from a credible spill. GreenER™'s full-containment, no-bottom-penetration design shrinks both zones — meeting and in many cases exceeding the regulatory requirements with material acreage savings on every project.

49 CFR 193 · TEZ

Thermal Exclusion Zones

The maximum heat flux a credible fire over the impoundment can radiate at four siting boundaries. Defined in 49 CFR 193 by PHMSA. Every LNG project must demonstrate compliance via PHAST/DEGADIS-type modeling.

10,000 Btu/hr·ft² 3,000 Btu/hr·ft² 1,600 Btu/hr·ft² 600 Btu/hr·ft² LNG TANK · CREDIBLE FIRE
600 Btu/hr·ft² Property line — process design spill ignition
1,600 Btu/hr·ft² Outdoor assembly · 50+ persons
3,000 Btu/hr·ft² Occupied buildings outside property line
10,000 Btu/hr·ft² Property line — built-upon · over impoundment
49 CFR 193 · VEZ

Vapor Exclusion Zones

LNG vapor is cold and dense — it hugs the ground and can travel horizontally for hundreds of feet before dispersing. PHMSA measures it as distance to LFL — the lower flammable limit, ~5% methane by volume. The VEZ is typically the limiting factor for siting, often extending farther than thermal limits.

LNG SPILL LFL 5% CH₄ by volume DISTANCE TO LFL DENSE COLD VAPOR · STAYS LOW
Cold and dense — vapor stays near the ground and travels horizontally before dispersing
Long, low-level vapor clouds can result even from moderate spills
Distance to LFL (5% methane) usually exceeds thermal-zone distances — the binding constraint for siting
Regulation vs GreenER™ — On The Same Property Line

The law requires this much zone.
GreenER™ delivers this much.

Same regulation, same property line, two different exclusion-zone outcomes. Full-containment design with no bottom penetrations cuts the credible-spill source term — which compresses both TEZ and VEZ contours. The emerald annulus is the distance and area you save on every project.

PROPERTY LINE TRADITIONAL required exclusion zone GreenER™ actual exclusion zone DISTANCE SAVED AREA SAVED LNG TANK
Traditional LNG Tank
Site Acreage
Larger
Permit Timeline
Longer
Civil Work
Heavy
Project Risk
Higher
GreenER™ Tank
Site Acreage
Smaller
Permit Timeline
Faster
Civil Work
Reduced
Project Risk
Lower

Overlay is illustrative — relative scale, not site-specific. Actual TEZ/VEZ contours per project. PHMSA requires PHAST/DEGADIS-type modeling on every facility. New Energy provides regulatory support as part of project development.

4 Groundbreaking Improvements

Each one results in
lower installed cost & complexity.

Under U.S. Patent 12,455,047 B2, the GreenER™ LNG Storage & Pressurization System uses a full-containment, no-tank-bottom-penetration design with a simple pressure build system that provides motive force for LNG dispensing — with no pumps. Anyone can now deploy this proven technology and save money, space, and deployment schedule — and reduce project risk.

01

Modular & Pre-Engineered

Faster, simpler deployment with phased scalability.

For EPCs: a cookie-cut, pre-engineered package that saves labor hours and lets you offer LNG storage as a standard line item. For utility, marine, power and data center deployments: a strong starting point that we tailor as a one-off application of the patented technology to each site.

02

Eliminates Most Civil Work

Less impoundment. Smaller pad. Lower installed cost.

Full-containment, no-bottom-penetration design eliminates most impoundment and major civil scope, materially reducing site complexity, site size, and total installed cost.

03

Safer · Full Containment

Lower permitting risk. Faster regulatory approvals.

Safer, full-containment storage design lowers permitting risk, accelerates regulatory approvals, and improves project certainty for the rate-case timeline you actually have.

04

Simplified Pressure-Driven LNG

No internal pumps. Less capital. Lower lifetime O&M.

Simplified, pressure-driven LNG dispensing — no internal tank pumps. Reduces capital deployed and delivers structurally lower O&M over the asset life.

Close-up of a finished GreenER LNG tank loaded on a QTTX heavy-haul rail flatcar — tank diameter visibly wider than the railcar deck
Modular · Shop-Fabricated
Built in a factory. Delivered by rail. Installed in weeks — not years.
2
Utilities ordered the full system
Public + investor-grade names
+
Others finalizing orders
Pipeline filling up — capacity tightening
License-ready for fabricators & EPC
Chart Industries and others already under license
Who We Build For

Four segments.
One patent. Same simpler tank.

GreenER™ Technology eliminates most impoundment and major civil work, materially reducing site complexity and total installed cost. We deploy it across the four segments below — and the savings show up the same way every time.

Utilities

Firm gas. Lower O&M. Faster permits.
01

Lower required footprint and lower-cost build to begin, with materially less site impact and structurally lower O&M over the asset life. The peak-shaving facility your rate case has been waiting for.

Greenville Utilities · 2 of 6 GreenER™ tanks + pressurization system · post-COD
Two utilities have ordered the full system · others finalizing

Marine

Cryogenic storage in a smaller footprint.
02

GreenER™ Technology saves Emissions in required site-acreage size and meets stringent LNG regulatory exclusion zones — engineered for marine cryogenic, bunkering, and constrained terminal builds.

Bob Kamb · 4 decades U.S. Merchant Marine LNG ops
15 yrs on US-flag LNG carriers · 22M+ m³ LNG handled

EPCs

A package that builds itself.
03

Modular, pre-engineered LNG repeatable scope improves EPC field productivity. Repeatable execution, predictable schedules, fewer surprises in the field. License GreenER™ once, deploy it forever.

Patent US 12,455,047 B2 · award 11-2025
Fabricated by Chart Industries · field-proven in NC

Power & Data Centers

Combined-cycle and AI-load ready.
04

Combined-site, smaller footprint and just-in-time deployment means firm fuel for combined-cycle generation and behind-the-meter data center power without waiting in the interconnect queue.

Designed for power-gen expansion + select data center sites
Phased H₂ + e-NG roadmap on the same pad
Ordered & Building
Two utilities have ordered the full system. Others are finalizing orders.

Capacity is filling up — based on extraordinary demand for the new flame of LNG.

Get on the List →
3 Core Competencies

Three ways
we engage — pick whichever fits.

We deliver quicker, better, cheaper — ranging from strategic market assessment, prioritization, and commercial negotiations, to complete project development and co-investment capital. If honesty, ethics, straight talk, and experience are important to you, we should talk.

01
01

Project Development

Common objection
"Short on bandwidth"
— should never slow corporate progress.

We develop projects. Our team has developed, operated, completed, and financed hundreds of energy projects — peak-shaving LNG and hydrogen plants, storage, pipeline energy recovery. Clients leverage New Energy skills end-to-end: prioritization, offtake, concept & permitting, pre-FEED, FEED, and owner's engineer.

Prioritization & offtake
Concept, permitting, FEED leadership
Owner's engineer through commercial operation
02
02

Project Consulting

Common objection
"Don't know where to start."
— we can help, or lead this for you.

From design, engineering, prioritization, market assessment and fundamentals — to precedent agreements and strategic planning — we prioritize, originate, prove up, negotiate, and de-risk your carbon-reduction projects. Our partners have presented strategic assessments and analytics for companies ranging from Exxon and Repsol to major midstream firms.

Market assessment & fundamentals
Precedent agreements & strategic planning
Board-ready strategic assessments
03
03

Co-Investment Capital

Common objection
"Not sure we have the capital."
— third-party capital ensures the right project at the right scale.

You may have capital, prefer to operate the asset, but want to lever your balance sheet. Having the option to apply third-party capital ensures a quality project at the right scale. Non-op third-party involvement also serves as a quality control — ensuring the project meets investment standards you want and need.

Capital stack assembly
Customized op / non-op participation
Investment-grade quality control
Our mission to you
Deliver quicker, better, cheaper.
How We Execute Projects

Five phases.
One development team — from concept to COD.

Established technology, new applications. We don't hand off and disappear — the same partners who originated and structured the deal sign the EPC, witness commissioning, and stand behind every decision. Projects · Off-takers · Capital — orchestrated under one roof, working alongside your preferred fabricator and EPC.

01

Origination

  • Strategic market assessment
  • Site & offtake screening
  • Capital fit & sponsor strategy
02

Permitting & FEED

  • Permitting risk reduction (full-containment)
  • Pre-FEED & FEED leadership
  • Owner's engineer scope
03

EPC Wrap

  • EPC contractor selection
  • Modular GreenER™ scope freeze
  • Performance guarantees
04

Construction Oversight

  • EPC construction oversight
  • Commissioning & startup
  • Performance verification
05

Commercial Ops

  • O&M handoff to operator
  • Phased capacity growth
  • H₂ / e-NG additions on roadmap
Projects

Greenfield builds, brownfield expansions, retrofit upgrades. LNG · H₂ · e-NG · storage · pipeline energy recovery.

Off-takers

LDCs, utilities, IPPs, midstream majors, marine bunkering, data center load. Long-term offtake with credit-grade counterparties.

Capital

Co-investment optional. Op or non-op. Third-party institutional capital available where the project benefits from it.

Established Technology · New Applications
We've been doing this for decades. The patent is what's new.
Download the Deck →
What We Do

Four lanes.
One thesis.

We are designers and developers — and advisors who have actually lived the consequences of every decision. That deep-experience perspective, paired with a patented technology platform, is what we sell.

01

LNG Acquisitions

Identify, diligence, and acquire integrated peak-shaving LNG production and storage facilities.

  • Operational site evaluation
  • Technical & commercial due diligence
  • Capital stack assembly
  • Transition & post-close operations
02

LNG Development

Full-scope development — from greenfield through EPC oversight to commercial operation.

  • Feasibility & siting studies
  • Permitting & FEED leadership
  • EPC contractor selection
  • Construction & commissioning oversight
03

Advisory Services

Technical, commercial, and strategic advisory to select clients across the LNG value chain.

  • Peak-shaving strategy
  • LDC supply resiliency
  • H₂ / e-NG integration roadmaps
  • Expert testimony & regulatory support
04

GreenER™ Technology

Licensing and deployment of our patented tank technology to LNG builders and system fabricators.

  • Design licensing (US 12,455,047 B2)
  • Fabricator qualification
  • Site-specific configuration
  • Commissioning support
The Market

A real asset class — not a pitch deck.

169
U.S. LNG peak-shaving facilities
Mature, regulated, asset-heavy market
62.5 Bcf
Nationwide LNG storage capacity
And growing
6.2 Bcf/d
Peak-shaving deliverability
Firm supply when pipelines run tight
80,000
× 2 operating gal tanks
Greenville Utilities — post-COD
The US Peak-Shaving Footprint

169 facilities. One patent-backed way forward.

Peak-shaving LNG is a real, mature asset class — 62.5 Bcf of storage nationwide, 6.2 Bcf/day of firm deliverability. Greenville Utilities is just the start of where GreenER™ is going.

U.S. Peak-Shaving Facility
GreenER™ Live · Greenville Utilities
GreenER™ In Fabrication · Major Southeast Utility
WEST MOUNTAIN PLAINS MIDWEST NORTHEAST SOUTHEAST GULF FLORIDA GREENVILLE UTILITIES 2 of 6 × 80K-gal · Post-COD + Pressurization System Live MAJOR SOUTHEAST UTILITY 5 × 80K-gal · Currently Being Fabricated Subject to change
169
U.S. Peak-Shaving LNG Facilities
62.5 Bcf
National Storage Capacity
6.2 Bcf/d
Firm Deliverability

"Chronic shortages caused by unpredictable natural gas supply, infrastructure, and extreme pricing have created a persistent arbitrage opportunity."

— New Energy Development Company investment thesis
Post-COD · Live Project

Greenville Utilities.
Operational today.

Two of six 80,000-gallon LNG tanks plus the GreenER™ pressurization system — fabricated by Chart Industries — are now in commercial operation, delivering meaningful O&M and infrastructure savings compared with traditional designs.

Greenville Utilities GreenER LNG site — sunny day view of the patented tank installation with truck and full piping infrastructure
Operational · Post-COD
Greenville Utilities — GreenER™ LNG site
Greenville LNG facility in winter — full-containment GreenER tank handling sub-freezing operating conditions
Field-Proven
Sub-freezing winter operation · zero performance loss
Two finished GreenER LNG tanks staged on rail flatcars at Chart Industries' fabrication yard — pickup truck visible for scale
Shop-Fabricated · Made in U.S.
Tanks staged for delivery — Chart Industries yard
Greenville Utilities live LNG operator dashboard — tanks A through H with real-time pressure, level, vaporizer outputs, and shutdown logic
Live Plant · Operator Dashboard
GreenER™ pressure-build system in service at Greenville Utilities
Real-time monitoring across all tanks — production-grade SCADA, no internal pumps to fail.
LIVE · Post-COD
CASE STUDY

Two 80K-gal tanks, built on a patent.

Design
GreenER™ tank design — no bottom penetrations, no internal pumps, reduced civil footprint.
Fabrication
Tanks fabricated by Chart Industries — a trusted partner in LNG/H₂ storage.
COD
Now in commercial operation at Greenville Utilities.
Outcome
Demonstrable O&M and infrastructure savings — proof the design is better, not just different.
80K
gal per tank
2 of 6
in service · 3 more coming
0
internal pumps
PATENT
U.S. Patent Awarded
US 12,455,047 B2
GreenER™ peak-shaving LNG tank design (bullets) — granted 11-2025. Flat-bottom applications under Provisional Patent 63/991359.
I have known and worked with the team for decades: simply put, they deliver.
Director of Natural Gas Operations
Utility Peak-Shaving Client
Hydrogen + e-NG · The Same Pad

Today's tank.
Tomorrow's hub.

The same GreenER™ design that's running at Greenville is engineered for additive deployment of green hydrogen and e-NG — and broader cryogenics including propane, nitrogen, and methanol — without retrofit. Two U.S. integrated facility designs are ready: 200,000 MMBtu LNG + 23,760 kg/day H₂ on roughly 17 acres each.

50 MW GreenER™ Hydrogen Plants

Engineering complete with McDermott's CB&I Storage Solutions.

Two transformative 50-MW projects with proprietary electrolyzers — modular and expandable, with 15 MW of 100% hydrogen-fueled power generation per site supporting grid-scale energy storage applications.

H₂ produced per facility
~24,000 kg/day
Modular plant size
50 MW
Incremental power gen
15 MW · 100% H₂-fueled
CO₂ saved per site / year
7,384 tons
CO₂ saved per site / lifetime
221,529 tons
Production cost range
$1.37 – $2.30/kg
Where the H₂ goes
  • Grid-scale H₂ blending into natural gas pipelines
  • Existing or new power-generation blending
  • Salt-cavern + above-ground energy storage injection
  • Heat recovery on turbines
  • Carbon capture integration on turbines
  • Solar-integrated electric-drive liquefaction (11 – 70 MW)
CO₂ Saved · Per Site
221,529
tons over plant lifetime
Calculated on the GreenER™ Hydrogen 23,760 kg/day plant, assuming displacement of hydrogen for gasoline.
Our energy-saving system allows for more cryogenic storage on existing and greenfield sites. The double-wall cryogenic flow system enables safe and cost-effective storage while minimizing regulatory exclusion zones — saving money for our clients, offtakers, and investors.
Thomas G. Quine
Founding & Technical Partner · Patent AP 17323622
Nearly one-third — $17.1T — of U.S. professionally managed funds incorporate a sustainable investment strategy. Per Bloomberg, global ESG assets are on track to exceed $53T by 2025.
Scott Shields
Founding Partner · New Energy Development
Press & Milestones

The record.
On the record.

Patents, publications, industry forums, and commercial operations — the public trail of a technology company that ships.

Patent Nov 2025

U.S. Patent 12,455,047 B2 Awarded

GreenER™ peak-shaving LNG bullet-tank Storage and Pressurization System receives formal patent protection — covering the elimination of bottom penetrations and internal tank pumps.

USPTO · Patent Award Read
Patent Filed

Provisional Patent 63/991359 — Flat-Bottom Tanks

Provisional Patent 63/991359 covers Storage and Pressurization System applications for flat-bottom (large-tank) deployments — extending the GreenER™ design to full-containment full-scale storage.

USPTO · Provisional Filing Read
Hydrogen 2024

50 MW GreenER™ Hydrogen Plants

Next-generation combined LNG + green hydrogen facility concept, built on the GreenER™ storage design — same footprint, additive roadmap.

GreenER™ Technology Brief Read
Patent Pending 2023

GreenER™ H₂ Patent Filed

Precursor filing to the 2025 patent award — the foundational IP that now underpins our hydrogen and e-NG roadmap.

USPTO · Patent Pending
Company 2022

New Energy Advances in 2022

Our founding year milestones: deal pipeline, initial partnerships, and the early design work that became GreenER™.

Company Update
Download
GreenER™ Technology Presentation
Full technical overview · patent-backed design (US 12,455,047 B2 · Provisional 63/991359) · licensing framework.
Download PDF →
Management & Advisors

Operators, first.
Advisors, second.

Every partner has designed, developed, or financed LNG and peak-shaving infrastructure at scale. The senior advisor bench adds three centuries of cryogenic, midstream, marine and capital experience on top of that.

Tom, Scott and I bring our energy experience along with our compatible business ethics. Our commercial, engineering, finance, and deep client relationships together are helping fill market demand for project consulting, development and co-investment capital in the North American energy space.
Alexander Hap Ellis III
Alexander "Hap" Ellis III
Founding & Managing Partner
Founding Partners
Alexander "Hap" Ellis III

Alexander "Hap" Ellis III

Founding & Managing Partner

40+ years in energy, power and sustainable energy. Former General Partner at RockPort Capital Partners (20+ years; ~$835MM across three funds).

Chairman, George & Barbara Bush Foundation
Chairman, The Old Westbury Funds (~$44B AUM, Bessemer Trust)
Co-developed EcoElectrica 500MW + LNG (Puerto Rico) with Enron International
540MW combined-cycle plant, Veazie ME · 400MW wind, Aroostook County
MPPM, Yale School of Management · BA, Colorado College

Alexander "Hap" Ellis III is a Founding Partner at New Energy Development Company providing project development, strategic and advisory services in LNG, natural gas, and sustainable investments relating to his extensive experience in project development, corporate and industry strategy, commercial structuring and negotiations, risk management and corporate finance. He has served more than 20 years as General Partner at RockPort Capital Partners, a multi-stage venture capital firm that invests in alternative and traditional energy, mobility, and sustainability. He brings to New Energy Development over 40 years of executive experience project developing, originating, funding and serving as executive and/or board member in leading energy companies, sustainable energy firms, and investment firms.

Mr. Ellis serves as Chairman of Old Westbury Funds (~$44 billion) which is part of the Bessemer Trust with 18 offices in the United States. He is a graduate of Colorado College and earned a BA in Political Science and graduated with a Master's Degree from the Yale School of Management in MPPM.

Mr. Ellis has a long and distinguished history of development and funding throughout North America and the Caribbean. As head of marketing for Kenetech Corp, the nation's pioneering wind and gas-fired independent company in the early 1990's, he led the development and successful permitting of a 250MW wind project in western Maine. He was part of the marketing and development team that ultimately won the right to build EcoElectrica, the 500MW combined-cycle plant plus LNG facility in Puerto Rico, partnering with Enron International.

In 2001, Mr. Ellis and six partners founded RockPort Capital Partners, a venture fund focused on energy technologies. RockPort Capital raised roughly $835MM over three funds and invested broadly across alternative energy technologies, oil & gas-focused technologies, and the interplay between energy providers and mobile technologies. He and two partners then led the development and permitting, with partner Duke Energy, of a 540MW combined-cycle power plant in Veazie, ME (operating as "Maine Independence"). He and two partners later teamed up with EDPR-US to develop a 400MW wind project in Aroostook County. Mr. Ellis served on the board of BayCorp Energy which ultimately purchased 17% of New England's largest nuclear plant, Seabrook Nuclear Generating Station — NextEra later purchased the station for a significant premium.

For many years, Mr. Ellis has continued to analyze, evaluate, plan, develop and fund innovative energy opportunities throughout North America. Mr. Ellis is Chairman of the George and Barbara Bush Foundation, which supports the Bush School of Government and Public Service and President Bush's Library at Texas A&M in College Station, Texas.

Scott M. Shields

Scott M. Shields

Founding Partner · Commercial & Finance

35+ years in corporate/project development, banking, gas trading, risk management. LNG VP at Repsol; structured the $547MM upstream LNG agreement for Canaport.

U.S. Army · Chinook flight engineer (active duty)
Co-founder & board member, Oasis Bank SSB → 2018 IPO ($1B AUM, NASDAQ: SFNC)
Managing Director · Enserco (Black Hills Corp) East Gas Origination
4 yrs each: Repsol LNG (VP) · Exxon (finance) · Enron Capital & Trade
MBA, University of Chicago Booth · BS Finance, Penn State

Mr. Shields is a founding partner at New Energy Development Company providing strategic development and capital to drive projects in green hydrogen, e-Methane and sustainable LNG. He brings to New Energy™ experience in corporate & project development, corporate and industry strategy, banking, commercial structuring and negotiations, gas trading, risk management and corporate finance from world class companies.

After serving in the U.S. Army for three years, Mr. Shields earned a bachelor's degree with distinction and honors in finance from the Pennsylvania State University and later, an MBA from the University of Chicago.

Scott Shields launched his career as a senior financial analyst and internal auditor at Exxon Corporation over 35 years ago, where during a span of four years, he streamlined global oil and gas contracts, international crude trading, and supported the company's multi-billion-dollar operations. Following his time at Exxon, Mr. Shields traded physical and financial structured natural gas transactions with Sonat Energy Marketing, based in Birmingham, Alabama and Houston, Texas.

In 1996 he was identified by Enron Capital & Trade as a valuable resource to start a new, long-term structured transactions group. During his four-year tenure, his successes included re-powering projects and other structured energy propositions, the largest of which entailed an international structure contributing $10 million to the company's gross margin. In 2005, Mr. Shields was recruited by Atlanta's AGL Resources, Pivotal LNG, where he valued and negotiated critical energy storage and balancing agreements at Jefferson Island Storage and Hub, project developed AGL Pivotal LNG operations and natural gas infrastructure, and successfully negotiated key multi-commodity joint ventures for AGL and its seven utilities.

Given his experiences in the LNG industry, he transitioned to Vice President of Repsol Energy North America, where over four years, he was integral in the company's successful entry into North America. Along with his team, Mr. Shields structured, valued, and negotiated the $547MM international binding agreement to supply 100% of the required upstream LNG to the $1.2 billion Canaport LNG import facility. Downstream, he created the strategic and marketing plans and negotiated long-term structured gas contracts with utilities, consortiums, and power plants.

In 2010, Mr. Shields advanced to Managing Director for a subsidiary of Black Hills Corporation, where he formed and grew the East Gas Origination & Trading Group. While developing its North American strategy and successfully originating and negotiating a company acquisition, Mr. Shields executed two $307 million structured transactions contributing $7.5 million to gross margin within a year of joining Enserco.

Mr. Shields served on the Board of Directors of Oasis Bank SSB, a business he co-founded in 2005. The board raised the private equity capital, and Mr. Shields served as the Chairman of the Mergers & Acquisitions and Asset & Liability Committees. His team successfully merged the bank with Spirit of Texas Bank, which completed an initial public offering in 2018 with $1 billion in assets (Nasdaq: SFNC).

Scott Shields was FINRA-licensed with the series 79, 82, and 63 while heading an investment bank in Houston. In addition to his professional pursuits, he was nominated to the Katy Independent School District Bond Committee, approving and recommending over $600 million in new bond issuances. Mr. Shields served three years on active duty in the U.S. Army as a flight engineer on Chinook helicopters.

Thomas G. Quine

Thomas G. Quine

Founding & Technical Partner

Founder/CEO/Chairman, Northstar Industries LLC (20 yrs). 40+ years in LNG/natural gas project development, complex plant operations, mechanical engineering, modular liquefaction.

Created the patentable module design technology behind GreenER™
Designed & developed Charlton, MA LNG facility
Operated Portland Natural Gas System (PNGTS) M&R
4 yrs · Stone & Webster Engineering — international LNG/EPC consulting
BS Electrical Engineering, Wentworth Institute · BA, UMass Amherst

Mr. Quine is the Technical Partner in New Energy Development Company and provides technical direction, project development, and strategic advisory services in Green Hydrogen, LNG, natural gas, and energy relating to his more than forty years of experience in LNG and natural gas project development, company leadership, complex LNG plant operations, systems design and mechanical engineering, and project planning and control.

Mr. Quine began his career working full time in civil structural and utility construction in the late 1970's, while attending college classes evenings and weekends. During that time, he earned a bachelor's degree in electrical engineering as a Tau Alpha PI Honor Student and graduated with highest honors from Wentworth Institute of Technology. He also earned a bachelor's degree in legal studies from the University of Massachusetts because of his passionate interest in US history and law.

Mr. Quine began his professional career at Essex County Gas Company based on a recommendation for an engineering position by the Dean of Engineering at Wentworth Institute of Technology. Mr. Quine progressed through the ranks and eventually led areas of gas engineering, network analysis, gas supply projection, SCADA, gas dispatch, M&R facilities, district regulators, and all customer metering along with the annual O&M and CAPEX budgets of approximately $30 million per year.

As power and gas utilities began to form in the United States, Stone and Webster Management Consulting (SWMC) was an integral player in the initial creation of electric and gas utilities. Mr. Quine was recruited by an Essex County Gas SWMC Board Member to join Stone and Webster Engineering / Stone and Webster Management Consulting where he spent four years on LNG and natural gas EPC projects and international consulting assignments in natural gas, LNG and CNG projects.

In 1996, Mr. Quine founded and served as CEO of Northstar Industries, LLC to provide project development formulation, engineering, procurement, prefabrication, and field construction for LNG, natural gas, gas storage, and CNG projects. Over the next 20 years, Mr. Quine and Northstar earned a reputation for providing safe, reliable, and cost-effective systems. Mr. Quine created patentable technology which focused on module design for all sizes of LNG and natural gas projects. Northstar's customer base was historically gas transmission, gas local distribution companies, electric power producers, gas storage customers, and LNG customers.

After building this successful EPC business, Mr. Quine left Northstar in order to devote the balance of his career specifically toward complete LNG project development, from concept and capitalization to commercial operations.

Executive Bench & Senior Advisors
Rob Bryngelson

Rob Bryngelson

President · New Energy LNG

Conceived, financed, and delivered 14+ complex LNG and large-scale energy projects across the U.S., Europe, Latin America, Asia, and the Middle East. Brought $3.5B+ in LNG infrastructure to market.

Founder, WaveCrest Energy
Co-founder, Excelerate Energy
Mukran & Lubmin Dockside LNG regasification (Germany — each delivered in 18 months)

Rob Bryngelson, President, New Energy LNG, is a proven executive leader and entrepreneur in the global energy infrastructure sector, with a track record of conceiving, financing, and delivering over 14 complex LNG and large-scale energy projects.

As the founder of WaveCrest Energy and co-founder of Excelerate Energy, he has brought over $3.5 billion in LNG infrastructure to market, with operations spanning the U.S., Europe, Latin America, Asia, and the Middle East. He is known for navigating regulatory, financial, and operational complexity to deliver strategic energy solutions that enhance energy security and resilience. He has consistently worked at the forefront of commercially viable infrastructure models, creating and structuring investment-ready platforms and lead global teams through complex geopolitical and technical environments.

His most recent accomplishments include Mukran and Lubmin Dockside LNG regasification projects, each in Germany, completed in 18 months from start.

F. "Chico" DaFonte

F. "Chico" DaFonte

Executive Vice President

37 years in business development, operations, planning, resource portfolio management, and regulatory strategy across natural gas and electric utilities.

Former VP Regulated Infrastructure Development, Liberty Utilities (Algonquin / NYSE: AQN)
Helped lead acquisition of 7 utilities across 8 states; formed Liberty's Energy Procurement team
Senior management roles at NiSource (NYSE: NI) and Eversource (NYSE: ES)
Expert testimony in 8 states and at FERC

F. Chico DaFonte, Executive Vice President, brings thirty-seven years of business development, operations, planning, resource portfolio management and regulatory strategy experience in senior and executive management roles across the natural gas and electric industries.

Most recently, Mr. DaFonte as Vice President, Regulated Infrastructure Development with Liberty Utilities, subsidiary of Algonquin Power and Utilities Corp. (NYSE: AQN) developed LNG, hydrogen and other infrastructure projects for the company's regulated and unregulated utilities. Prior to this role, Mr. DaFonte was an integral member of Liberty's executive team and helped lead the acquisition of seven utilities in eight states while forming and leading Liberty's Energy Procurement team.

In 2011 before joining Liberty Utilities, Mr. DaFonte held senior management positions with several utility companies including NiSource, Inc. (NYSE: NI) and Eversource Energy (NYSE: ES) where he was responsible for resource portfolio planning, procurement, trading, risk management, regulatory strategy, and gas control operations.

Throughout his decades of experience in the energy industry, Mr. DaFonte has been a recognized leader in the natural gas utility space. He has provided expert testimony in eight states and at the FERC while helping to shape regulatory policy. Mr. DaFonte is a graduate of the University of Massachusetts, Amherst, where he majored in Mathematics and Computer Science.

Mark Courtney

Mark Courtney

Senior Coordinator

30+ years in midstream and commodities project development, commercial structuring, and investment banking.

13 yrs at CIMA Energy (Mitsubishi) — VP Business Development reporting to CEO
VP Commercial Operations, Falcon Gas Storage Inc.
8 yrs · Enron Capital & Trade — senior roles in retail gas/power, producer services, power plant development
MBA Finance & BBA Economics/Management — Rice University

Mr. Courtney brings over 30 years of project development, commercial, and investment banking experience in midstream and commodities, including 13 years at CIMA Energy, a wholly-owned subsidiary of Mitsubishi Corporation, where he was Vice President of Business Development reporting to the CEO. Mr. Courtney contributes a wealth of knowledge of all aspects of the US energy industry.

Prior to CIMA, he served as Vice President of Commercial Operations for Falcon Gas Storage Inc., an independent storage development company. He also spent eight years at Enron Capital & Trade, where he worked in a number of senior positions, including retail gas and power, producer services, industrial services, compression services, and power plant development.

Mr. Courtney's energy career began at the renowned investment bank Howard Weil Labouisse Friedrichs, where he worked as an equity analyst covering the midstream, upstream, oil service, and pipeline sectors. He graduated from Rice University with an MBA in Finance and a BBA in Economics and Management.

Tom High

Tom High

Senior Technical Project Manager

30+ years in LNG, cryogenic systems, technical sales, and project management. Praxair / Northstar / Chart Industries.

10 yrs Sr. Engineer · Northstar Industries — utility & interstate pipeline LNG/CNG EPC
Business Development Manager, Chart Industries — LNG + Liquid Oxygen systems
Member · NFPA Technical Committee on LNG (2001–2009)
Co-inventor, U.S. Patent 5,390,500 — Cryogenic Fluid Vaporizer System & Process
BS Mechanical Engineering, Rensselaer Polytechnic

Tom High, Senior Technical Project Manager, brings over 30 years of engineering, technical sales, and project management experience in LNG, cryogenic systems and energy sector at companies such as Praxair, NorthStar, and Chart Industries.

Most recently with Northstar Industries for 10 years as a Sr. Engineer/Project Engineer, Mr. High was involved in technical LNG and CNG development, applications, and project management along with other natural gas EPC projects for important utility and interstate pipeline company clients.

Prior to joining Northstar, Mr. High served as a Business Development Manager for LNG systems and Liquid Oxygen Systems (for ozone water treatment) at Chart Industries. During his time with Chart, Mr. High was also a member of the NFPA Technical Committee on Liquefied Natural Gas from 2001 – 2009.

Mr. High's technical and project management experience also includes cryogenic equipment design and air separation plant design for Praxair, Inc. (now Linde PLC). While at Praxair, Tom and his team developed U.S. Patent No. 5,390,500: Cryogenic Fluid Vaporizer System and Process (assigned to Praxair Technology, Inc.).

Mr. High has a Bachelor of Science degree in Mechanical Engineering from Rensselaer Polytechnic Institute.

Stephen B. Traicoff

Stephen B. Traicoff

Senior Advisor

35+ years in physical commodity management, trading, risk, and storage optimization. Led capital raises totaling $360MM+ for midstream development companies.

Director, Energy Finance Group · Enron Capital & Trade (1994–1999)
14 yrs at ARCO — ARCO Chemical & Lyondell Petrochemical
Chevron Texaco · Mitsui USA · Nomura · Tokyo Electric · Tokyo Gas · Korean Electric Power
BS Chemical Engineering, Ohio State · SEC/NASD Series 7, 63

Stephen B. Traicoff, Senior Advisor for New Energy Development Company, brings over 35 years of energy-related experience bringing in-depth knowledge of physical commodity management, trading and risk management with a strong background in physical storage management and optimization.

Mr. Traicoff most recently headed the due diligence efforts for a start-up midstream project development company, where he led the market analysis and financing efforts that resulted in raising over $360 MM in equity funding, including about $39 MM in initial venture funding. Mr. Traicoff was directly engaged in preparing Information Memoranda and Offering Memoranda targeting initial venture fund investors, as well as preparing the in-depth macroeconomic and business overviews in the Offering Memoranda, successfully raising new equity of $321 MM from over 50 institutional and private investors.

A truly seasoned executive, Mr. Traicoff has worked with countless world-renowned energy-focused companies, including Chevron Texaco, Mitsui USA, Nomura Securities, Trans-Global Solutions, Tokyo Electric, Tokyo Gas, Korean Electric Power, Itochu, Safety-Kleen Koppers, Morgan Stanley, and Fairway Energy Partners.

Mr. Traicoff served as Director, Energy Finance Group of Enron Capital and Trade Resources Corp. in Houston, TX between 1994 to 1999. Prior to joining Enron, he spent 14 years with Atlantic Richfield in ARCO Chemical Co. and Lyondell Petrochemical. He holds a BS in Chemical Engineering from The Ohio State University. Certifications include SEC/NASD Series 7 and Series 63.

William "Bill" Rochelle

William "Bill" Rochelle

Senior Advisor

30+ years in cryogenic and industrial-gas engineering and project management. Chemical, petrochemical, industrial gas, and bio-pharma project execution.

20+ yrs cryogenic processing · Chart Industries
15+ yrs Manager of Projects · Chart E&C Systems
Cold-box design/build, NRU, PDH, Chart standard modular LNG
MS & BS Chemical Engineering, Tufts University

William (Bill) Rochelle, Senior Advisor for New Energy Development Company, brings more than 30 years of experience in engineering, and project management in the chemical, petrochemical, industrial gas and bio-pharmaceutical industries. Bill's cryogenic gas processing experience includes over 20 years with Chart Industries in engineering and project management on the design, procurement and manufacturing of cold boxes, vessels, CIK's, rotating equipment and packaged equipment systems.

Mr. Rochelle served as the Manager of Projects for Chart E&C Systems business for more than 15 years and has been involved in contract review, proposal development and estimating, scheduling and new product development. He carries extensive experience managing large design-build cold box projects for LNG base-load plants as well as Nitrogen Rejection Units (NRU) and Propane Dehydrogenation (PDH) process plants and Chart's standard modular LNG plants. Mr. Rochelle has a Master of Science Degree in Chemical Engineering and a Bachelor of Science Degree in Chemical Engineering from Tufts University, Medford, MA.

Robert "Bob" Kamb

Robert "Bob" Kamb

Senior Advisor · Marine & LNG Ops

Nearly 4 decades of practical LNG marine operations. U.S. Merchant Marine Master with 15 years on US-flag LNG carriers — responsible for 22M+ m³ of LNG.

Manager, LNG Services · ABS Group Consulting (5 yrs)
Master mariner · 30+ yrs U.S. Merchant Marine
Founder, Kamelot Marine Services — owner's rep & marine ops advisor for FSRU projects
Managing Partner, Mystic River Partners LLC — LNG-as-marine-fuel solutions

Robert W (Bob) Kamb, Senior Advisor for New Energy Development Company brings nearly 4 decades of practical LNG marine operations experience to New Energy in LNG technical project development and operations. Drawing upon his experience as Manager, LNG Services for ABS Group Consulting for 5 years, he applied his broad technical knowledge and operational experience to work on a wide variety of global LNG projects. Prior to joining ABS, Mr. Kamb spent 3 decades in the US Merchant Marine, attaining the rank of Master and serving on a wide variety of ship types, including 15 years on US flag LNG Carriers, with responsibility for the care and handling of over 22 million m³ of LNG.

During breaks from seagoing service, Mr. Kamb founded Kamelot Marine Services, applying his LNG technical know-how as owner's rep and marine operations advisor to LNG FSRU projects around the world. He also served as Managing Partner of Mystic River Partners LLC, providing solutions for LNG and other marine projects, including shipping, safety, risk management, navigation advice, cargo transfer support and development and delivery of LNG operations and technical training with a focus on LNG as a marine fuel. When not traveling to meet the needs of LNG consulting clients, Mr. Kamb divides his time between his family home in Cape Cod, Massachusetts and The Woodlands, TX.

Ken Ziober
In Memoriam
Ken Ziober · Vice President, Business Development · 1955–2023. With gratitude for 30+ years of midstream, trading, and market-development leadership.
Frequently Asked Questions

The questions
we get asked most.

From utility VPs scoping their next rate case to EPCs building bid packages — these are the questions that come up first. Don't see yours? Ask a partner directly.

GreenER™ is a patented LNG storage tank design (US Patent 12,455,047 B2 for bullet tanks; Provisional Patent 63/991359 for flat-bottom tanks) that eliminates the need for bottom penetrations on the tank and removes internal pumps entirely. Instead of pumping LNG out of the tank, a simple pressure-build system pushes the LNG out under its own pressure. The result: less civil work to install, less mechanical complexity to build and maintain, lower operating cost, and faster regulatory approvals.

The patent covers the design of a peak-shaving LNG storage and pressurization system that uses full-containment tank design with no bottom penetrations and a simple pressure-build mechanism for LNG dispensing — eliminating the need for internal tank pumps. The patent was awarded in November 2025 and is currently deployed at Greenville Utilities (two of six tanks plus the pressurization system in commercial operation). Flat-bottom (large-tank) applications of the same approach are covered under Provisional Patent 63/991359 — Storage and Pressurization System.

Internal LNG pumps are one of the most failure-prone and maintenance-heavy components of a traditional peak-shaving facility. They require complex bottom penetrations through the tank wall (creating regulatory + leak-risk concerns), specialized cryogenic seals, and routine pulls for service. Eliminating them — along with the bottom penetrations they require — removes the largest single source of unplanned O&M cost over the asset's 40-year life, improves safety, and accelerates permitting at the same time.

GreenER™'s full-containment design eliminates — or greatly reduces — the impoundment basin and most major civil work that traditional LNG installations require. That means a smaller pad, smaller exclusion zones, less concrete, fewer permits, and a faster path to commercial operations. Together these reductions deliver up to 20% lower capital cost on bullet-tank deployments (savings on flat-bottom large-tank deployments are project-specific) and structurally lower O&M over the asset life vs. traditional designs.

Four target segments: (1) Utilities that need firm peak-shaving gas with lower O&M, (2) marine cryogenic operators needing LNG storage in constrained terminal footprints, (3) EPC firms looking for repeatable, modular pre-engineered LNG packages they can offer their own clients, and (4) power and data center operators that need behind-the-meter combined-cycle generation or AI-load-ready firm fuel without waiting in interconnect queues.

Peak-shaving LNG facilities store natural gas as liquid during off-peak periods, then re-vaporize it on extreme winter days when pipeline supply is constrained. There are 169 such facilities operating in the U.S. today, providing 62.5 Bcf of storage and 6.2 Bcf/day of firm deliverability. They are the resilience layer that prevents the kind of customer disconnects and price spikes the country saw during recent winter freeze events.

Because the design is modular and pre-engineered with most of the civil work eliminated, GreenER™ installations are dramatically faster than traditional builds. The Greenville Utilities project — two of six 80,000-gallon tanks plus the pressurization system fabricated by Chart Industries — came in under-budget and reached commercial operation in less than 24 months, materially undercutting conventional LNG project timelines. Specific timelines are project-dependent.

Yes. New Energy Development Company LLC (New Energy™) licenses the GreenER™ tank technology, GreenER™ storage, and/or its pressure build technology to qualified EPC contractors and system fabricators who want to incorporate the patented design into their own LNG project offerings. Chart Industries fabricated the Greenville Utilities tanks under license, and several others are in licensing or active discussions. We are equally happy to license the technology directly to your preferred fabricator or EPC partner. Contact Scott Shields or Tom Quine to discuss terms.

Yes. The GreenER™ design is engineered for additive deployment of propane, green hydrogen, nitrogen, methanol, e-Methane (e-NG), and other potential cryogenic fuels alongside LNG — without retrofit. Two integrated facility designs are ready: 200,000 MMBtu LNG plus 23,760 kg/day of green hydrogen on roughly 17 acres each, with optional 11–70 MW solar integration for electric-drive liquefaction. New Energy Development Company LLC (New Energy™) completed engineering on these designs with McDermott's CB&I Storage Solutions.

Three engagement modes, customized to client preference. (1) Project Development — full-scope owner's engineer or design-build through commercial operation, including GreenER™ Technology vendor competition and selection (fabricator and EPC). (2) Project Consulting — strategic assessment, market analysis, precedent agreements, board-ready advisory. (3) Co-Investment Capital — third-party institutional capital available where the project benefits from it, op or non-op participation. Most engagements blend two or three modes. Contact Scott Shields to scope the right mix.

Get In Touch

Let's talk about your project.

Acquiring a facility. Building one from scratch. Licensing GreenER™. Or just a conversation about peak-shaving strategy — we're available.

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Offices
Gulf Coast Office
9311 FM 1488 Road, Suite 30
Magnolia, Texas 77354
832-876-9903 · sshields@newenergydev.com
Northeast · Tom Quine
160 Federal Street, 18th Floor
Boston, MA 02110-1700
978-686-4583 · tquine@newenergydev.com
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