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Deposits and Other Assets

12 Months Ended

Dec. 31, 2024

11. Deposits and Other Assets

The following table sets forth the components of the Company’s deposits and other assets (in thousands) as of:


	Year Ended December 31,
	2024		2023
Deposits	$	184	$	166
Prepaid feedstock		2,636		440
Equity interest ⁽¹⁾		1,500		1,500
Exclusivity fees⁽²⁾		—		583
Deposits receivable ⁽³⁾		47,737		33,602
Earnest money deposit ⁽⁴⁾		10,000		—
Other assets, net ⁽⁵⁾		13,566		8,028
Total deposits and other assets	$	75,623	$	44,319

(1)

The Company directly holds a 3.6% interest in the Series A Preferred Stock of Zero6 Clean Energy Assets, Inc. (“Zero6”), formerly Juhl Clean Energy Assets, Inc., which is not a publicly listed entity with a readily determinable fair value. The Company therefore measures the securities at cost. Recent observable equity raises indicated no impairment issues or an increase to the carrying value. This ownership interest is also pledged as collateral against two future obligations to Rock County Wind Fuel, LLC (“RCWF”), a Zero6 subsidiary, see Note 17, Commitments and Contingencies, for additional information.

(2)	Axens will provide certain alcohol-to-SAF technologies and services exclusively provided to the Company which may be offset against future license fees subject to the delivery of a process design package.

(3)

Deposits provided to a developer of certain wind-farm projects and power utility contractor to induce to design and construct the power generation, transmission and distribution facilities that will serve ATJ-60, $5.5 million of which will be either reimbursed or used as an investment into wind generation facility and the remaining $28.1 million is expected to be fully reimbursed upon completion of the project. Gevo has contractual priority liens against the equipment and constructed facilities under the contracts.

(4)	Earnest money deposited in connection with the announced Red Trail Purchase Agreement, see Note 23, Subsequent Events, for additional information.

(5)	Capital expenditures primarily related to the installation of infrastructure and equipment necessary to support the feedstock processing facilities, which will be depreciated over the expected useful life of the assets.