Greenlane Renewables Posts Positive EBITDA Amid Landfill Gas Tech Push
Event summary
- Greenlane Renewables reported Q2 2026 revenue of $11.3M, gross margin of 41%, and positive adjusted EBITDA of $0.1M.
- The company signed definitive agreements with Panasonic to manufacture its Cascade LF and MS technologies in Brazil.
- Completed testing of Linear NRU technology, achieving up to 99.5% methane recovery from landfill gas.
- Sales order backlog stands at $25.6M with $12.1M in cash reserves and no debt.
The big picture
Greenlane Renewables is positioning itself as a key player in the renewable natural gas (RNG) sector by advancing its landfill gas upgrading technology. The partnership with Panasonic underscores the company's focus on scaling production to meet growing demand, particularly in Brazil where regulatory mandates are accelerating biomethane adoption. With $600M in estimated annual addressable market for its next-gen technologies, Greenlane aims to balance near-term profitability with long-term growth investments.
What we're watching
- Technology Adoption
- How quickly Greenlane's Cascade LF and MS technologies gain market traction in Brazil and other regions.
- Manufacturing Execution
- Whether Panasonic can deliver on its commitments to modify facilities and support production scaling.
- Regulatory Tailwinds
- The pace at which global policies, like Brazil's Fuel for the Future law, drive demand for RNG solutions.