newenergydev.com

{"@context":"https://schema.org","@type":["Organization","LocalBusiness"],"@id":"https://newenergydev.com/#organization","name":"New Energy Development Company LLC","alternateName":"New Energy Development","legalName":"New Energy Development Company LLC","description":"Acquires, develops, and builds integrated peak-shaving LNG production and storage facilities. 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Shields","alternateName":["Scott Shields","Scott M Shields"],"jobTitle":"Founding Partner — Commercial & Finance","description":"Scott Shields is a founding partner at New Energy Development Company, leading commercial, finance, and capital strategy for LNG, cryogenic, hydrogen, and CNG infrastructure projects across North America. 35+ years across LNG project development, gas trading, structured finance, and energy banking — including VP of Repsol LNG, where he structured the $547MM upstream LNG agreement for the $1.2B Canaport LNG facility, and senior roles at Enron Capital & Trade, Enserco/Black Hills, AGL Pivotal LNG, and Exxon Corporation.","image":"https://newenergydev.com/images/partners/scott-shields.webp","telephone":"+1-832-876-9903","email":"sshields@newenergydev.com","sameAs":["https://www.linkedin.com/in/scott-shields-katy"],"alumniOf":[{"@type":"EducationalOrganization","name":"University of Chicago Booth School of Business"},{"@type":"EducationalOrganization","name":"The Pennsylvania State University"}],"knowsAbout":["LNG project development","LNG tanks","LNG bullet tanks","LNG flat bottom tanks","Cryogenic tanks","Cryogenic gas handling","Cryogenic liquid molecule handling","Cryogenic pumps","LNG pumps","CNG tanks","CNG infrastructure","Hydrogen storage tanks","H2 tanks","Green hydrogen","e-Methane","e-NG","Peak-shaving LNG","LNG peak shaving","Marine LNG","Marine LNG bunkering","Add-on LNG","LDC LNG tanks","Utility LNG tanks","Data center LNG","LNG repowering","LNG permitting","LNG regulation hurdles","Small-scale LNG","Stranded gas monetization","Virtual pipeline LNG","ISO container LNG","LNG fueling stations","49 CFR 193 tanks","API 620 tanks","API 610 compliant pumps","Project finance","Energy banking","Gas trading","Risk management","Commercial structuring","GreenER Technology licensing","Chart Industries strategic partnership","Baker Hughes strategic partnership"]},{"@type":"Person","name":"Thomas G. 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'Chico' DaFonte","jobTitle":"Executive Vice President","image":"https://newenergydev.com/images/partners/chico-dafonte.webp","knowsAbout":["Regulated infrastructure development","Utility resource portfolio","FERC regulation"]}],"review":[{"@type":"Review","author":{"@type":"Person","name":"Director of Natural Gas Operations"},"reviewRating":{"@type":"Rating","ratingValue":"5","bestRating":"5"},"reviewBody":"I have known and worked with the team for decades: Simply put, they deliver."}],"aggregateRating":{"@type":"AggregateRating","ratingValue":"5.0","reviewCount":"1","bestRating":"5"}}

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{"@context":"https://schema.org","@type":"Product","name":"GreenER™ LNG Tank Technology","alternateName":["GreenER™ LNG bullet tank","GreenER™ LNG flat bottom tank","GreenER™ cryogenic tank","GreenER™ peak-shaving LNG tank","GreenER™ pressurization system"],"description":"Patented cryogenic LNG storage and production tank design (LNG bullet tanks and LNG flat bottom tanks) that eliminates bottom penetrations and extraction pumps, reducing civil work, permitting time, and O&M costs. Compatible with 49 CFR 193 and API 620 design rules and pairs with API 610 compliant cryogenic / LNG pumps. Serves peak-shaving LNG, marine LNG bunkering, utility and LDC LNG tanks, data center LNG, virtual pipeline LNG, ISO container LNG, small-scale LNG, hydrogen (H2) storage, CNG, and e-Methane (e-NG) applications. US Patent 12,455,047 B2.","brand":{"@type":"Brand","name":"GreenER™"},"manufacturer":{"@type":"Organization","name":"New Energy Development Company LLC"},"category":"Cryogenic LNG, CNG, and Hydrogen Tank Technology","productID":"US12,455,047B2","gtin":"US12455047B2","keywords":"GreenER, LNG tank, LNG bullet tank, LNG flat bottom tank, cryogenic tank, cryogenic pump, LNG pump, 49 CFR 193, API 620, API 610, peak-shaving LNG, marine LNG, hydrogen storage, H2 tank, CNG tank, e-Methane, data center LNG, utility LNG, LDC LNG, small-scale LNG, virtual pipeline LNG, ISO container LNG, LNG fueling station, Chart Industries strategic partner, Baker Hughes strategic partner"}

{"@context":"https://schema.org","@type":"VideoObject","name":"GreenER™ Technology — 5-Minute Walkthrough","description":"A 5-minute walkthrough of GreenER™ Technology by the New Energy Development team — patented peak-shaving LNG tank design (US Patent 12,455,047 B2) with no extraction pumps and no bottom penetrations, delivering full containment, faster permitting, lower civil work, and reduced O&M costs across LNG, hydrogen, and e-Methane facilities.","thumbnailUrl":["https://newenergydev.com/images/greener-tech-video-poster.jpg"],"uploadDate":"2026-04-26","duration":"PT6M22S","contentUrl":"https://newenergydev.com/greener-tech-video.mp4","embedUrl":"https://newenergydev.com/#learn-in-5","publisher":{"@type":"Organization","name":"New Energy Development Company LLC","logo":{"@type":"ImageObject","url":"https://newenergydev.com/images/og-image.jpg","width":1200,"height":630}},"inLanguage":"en-US","isFamilyFriendly":true,"keywords":"GreenER, LNG technology, peak-shaving LNG, cryogenic tank, LNG bullet tank, LNG flat bottom tank, cryogenic pumps, LNG pumps, 49 CFR 193, API 620, hydrogen storage, CNG, marine LNG, data center LNG, Chart strategic partner, Baker Hughes, Scott Shields, New Energy Development","about":[{"@type":"Thing","name":"LNG storage technology"},{"@type":"Thing","name":"Cryogenic tank design"},{"@type":"Thing","name":"Peak-shaving LNG"},{"@type":"Thing","name":"GreenER™ patented technology"}]}

{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is GreenER™ Technology, in plain English?","acceptedAnswer":{"@type":"Answer","text":"GreenER™ cryogenic and LNG tank design technology (US Patent 12,455,047 B2 for bullet tanks; Provisional Patent 63/991359 for flat-bottom tanks) is a patented cryogenic and LNG storage and pressurization system that eliminates the need for bottom penetrations on the tank and removes extraction pumps entirely. Instead of pumping LNG (or any cryogenic liquid: CNG, hydrogen, nitrogen, propane, methanol, e-Methane) out of the tank, a simple pressure-build system pushes the cryogenic product 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."}},{"@type":"Question","name":"What does U.S. Patent 12,455,047 B2 cover?","acceptedAnswer":{"@type":"Answer","text":"The patent covers the design of a cryogenic and LNG storage and pressurization system that uses full-containment tank design with no bottom penetrations and a simple pressure-build mechanism for cryogenic and LNG dispensing, eliminating the need for extraction pumps. The same architecture applies across LNG, CNG, hydrogen, nitrogen, propane, methanol, e-Methane (e-NG), and other cryogenic gas and liquid molecule handling. 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), with 5 tanks currently being fabricated for a major Southeast utility. Flat-bottom (large-tank) applications of the same cryogenic and LNG storage and pressurization approach are covered under Provisional Patent 63/991359: Storage and Pressurization System."}},{"@type":"Question","name":"Why does eliminating extraction pumps matter?","acceptedAnswer":{"@type":"Answer","text":"Extraction pumps in cryogenic and LNG service are one of the most failure-prone and maintenance-heavy components of a traditional peak-shaving or cryogenic storage 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, across LNG, hydrogen, nitrogen, propane, methanol, e-Methane and other cryogenic and LNG storage and pressurization applications 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."}},{"@type":"Question","name":"How does GreenER™ reduce site complexity and installed cost?","acceptedAnswer":{"@type":"Answer","text":"GreenER™ cryogenic and LNG storage and pressurization full-containment design eliminates, or greatly reduces, the impoundment basin and most major civil work that traditional cryogenic and 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. The design also removes all rotating equipment across LNG, hydrogen, propane, nitrogen, methanol, e-Methane, and other cryogenic and LNG storage and pressurization applications, creating simpler, cleaner tanks, a less costly fabrication supply chain, and on-going O&M savings."}},{"@type":"Question","name":"Who does New Energy Development Company serve?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"What is peak-shaving LNG and why does the U.S. need it?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"How long does a GreenER™ tank installation take?","acceptedAnswer":{"@type":"Answer","text":"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. Currently, total system fabrication time is 10-11 months. Specific timelines are project-dependent."}},{"@type":"Question","name":"Is GreenER™ Technology available for license to EPC contractors?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Does the same design support hydrogen and e-NG?","acceptedAnswer":{"@type":"Answer","text":"Yes. The GreenER™ Technology is engineered for additive deployment of most cryogenic molecules, including e-Methane (e-NG), hydrogen, nitrogen, propane, and methanol, 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."}},{"@type":"Question","name":"How does engagement work, and what are the modes?","acceptedAnswer":{"@type":"Answer","text":"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."}}]}