What is NextDecade?
NextDecade Corporation is an energy firm dedicated to the construction and development of liquefied natural gas (LNG) facilities in the United States. Its primary focus includes the Rio Grande LNG terminal in southern Texas, alongside a carbon capture and storage (CCS) project at the terminal and other CCS initiatives targeting third-party industrial sources. The company's operations also encompass the sale of LNG and the capture and storage of CO2 emissions, positioning it as a key player in the evolving energy landscape.
How much funding has NextDecade raised?
NextDecade has raised a total of $1.9B across 5 funding rounds:
Share Placement
$50M
Share Placement
$24.5M
Other Financing Round
$5M
Other Financing Round
$62.5M
Other Financing Round
$1.8B
Share Placement (2019): $50M with participation from Mubadala
Share Placement (2021): $24.5M led by Avenue Capital Group, York Capital, and Bardin Hill
Other Financing Round (2021): $5M, investors not publicly disclosed
Other Financing Round (2024): $62.5M featuring MUFG Bank
Other Financing Round (2025): $1.8B backed by Global Infrastructure Partners and TotalEnergies
Key Investors in NextDecade
Global Infrastructure Partners
Global Infrastructure Partners is an independent infrastructure fund manager that invests in the equity and credit of infrastructure assets and businesses. Founded in 2006 and headquartered in New York City, New York.
TotalEnergies
TotalEnergies is a broad energy company that produces and markets fuels, natural gas and electricity, committed to providing more affordable, reliable, cleaner, and accessible energy. Founded in 1924 and headquartered in Paris, France.
Avenue Capital Group
Avenue Capital Group is an investment firm that focuses on distressed debt and special situations. The firm was founded in 1995 and is headquartered in New York City.
What's next for NextDecade?
With a major strategic investment and significant enterprise-level funding, NextDecade is poised for accelerated development of its LNG and CCS projects. This capital infusion is expected to fuel the expansion of its infrastructure, particularly the Rio Grande LNG terminal and associated carbon capture technologies. The company's trajectory suggests a strong commitment to scaling its operations and solidifying its market position in the global energy sector, with a potential emphasis on sustainable energy solutions.
See full NextDecade company page
