What is NextDecade?
NextDecade Corporation is actively engaged in the construction and development of liquefied natural gas (LNG) facilities in the United States. Its primary focus includes the development of the Rio Grande LNG terminal in southern Texas, alongside a carbon capture and storage (CCS) project at the terminal and other industrial facilities. The company's operations encompass the sale of LNG and the capture and storage of CO2 emissions, positioning it as a key player in both traditional energy markets and emerging decarbonization solutions. Founded in 2010 and headquartered in Houston, Texas, NextDecade is navigating the complex landscape of energy transition and infrastructure development.
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, Bardin Hill, and York Capital
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 TotalEnergies and Global Infrastructure Partners
Key Investors in NextDecade
TotalEnergies
TotalEnergies is a broad energy company involved in the production and marketing of fuels, natural gas, and electricity, committed to providing more affordable, reliable, and cleaner energy solutions globally.
Global Infrastructure Partners
Global Infrastructure Partners is an investment firm specializing in infrastructure assets across energy, transportation, and digital systems, with a focus on long-term ownership and sustainable value creation through decarbonization strategies.
MUFG Bank
MUFG Bank, Ltd. is Japan's premier bank, offering a wide array of commercial and investment banking products and services globally, with a significant presence in approximately 50 countries.
What's next for NextDecade?
The substantial enterprise-level funding secured by NextDecade signals a strong market confidence in its ambitious projects, particularly the Rio Grande LNG terminal and its integrated carbon capture technology. This capital infusion is expected to accelerate the development and construction phases, enabling the company to meet its strategic objectives in the global energy market. The company's focus on CCS technology also aligns with increasing industry and regulatory pressures for decarbonization, suggesting a forward-looking strategy that balances energy production with environmental stewardship. Future growth will likely involve further project financing, strategic partnerships, and the successful execution of its large-scale infrastructure plans.
See full NextDecade company page
