New Fortress Energy Inc. (NFE) received a Schedule 13G reporting that Energy Transition Holdings LLC, together with Great Mountain Partners LLC, Jonathan Rotolo and Alexander Thomson, beneficially owns 25,559,846 shares of Class A Common Stock, representing 9.0% of the class.
The shares are held of record by Energy Transition Holdings LLC, which is managed by Great Mountain Partners LLC, with Rotolo and Thomson sharing voting and dispositive power. The ownership percentage is based on 284,552,811 Class A shares outstanding as of November 14, 2025.
The reporting group previously filed on Schedule 13D but is now reporting on Schedule 13G and certifies that the securities are not held to change or influence control of New Fortress Energy. The shares are principally held for the benefit of several Michigan public retirement systems.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
New Fortress Energy Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
644393100
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
644393100
1
Names of Reporting Persons
Energy Transition Holdings LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
25,559,846.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
25,559,846.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,559,846.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
644393100
1
Names of Reporting Persons
Great Mountain Partners LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
25,559,846.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
25,559,846.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,559,846.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
644393100
1
Names of Reporting Persons
Jonathan Rotolo
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
25,559,846.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
25,559,846.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,559,846.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.0 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
644393100
1
Names of Reporting Persons
Alexander Thomson
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
25,559,846.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
25,559,846.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,559,846.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.0 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
New Fortress Energy Inc.
(b)
Address of issuer's principal executive offices:
111 W. 19th Street, 8th Floor, New York, NY 10011
Item 2.
(a)
Name of person filing:
Energy Transition Holdings LLC
Great Mountain Partners LLC
Jonathan Rotolo
Alexander Thomson
Energy Transition Holdings LLC is the record holder of the securities reported herein. Energy Transition Holdings LLC is managed by Great Mountain Partners LLC. Jonathan Rotolo and Alexander Thomson are the managers of Great Mountain Partners LLC and, in that capacity, have shared voting and dispositive power over the shares of Class A Common Stock held by Energy Transition Holdings LLC. Each of the Reporting Persons previously reported its beneficial ownership by filing a Schedule 13D, which was originally filed on June 19, 2020 and amended on May 12, 2021, April 21, 2022, December 21, 2022 and March 4, 2025 (collectively, the "Schedule 13D"). By filing this Schedule 13G, each of the Reporting Persons does hereby amend its Schedule 13D to cease reporting its beneficial ownership of the Issuer's securities on Schedule 13D. As stated in Item 10 below, the securities reported by the Reporting Person on this schedule are not held for the purpose of or with the effect of changing or influencing the control of the Issuer and are not held in connection with or as a participant in any transaction having that purpose or effect. However, the certification made in Item 10 does not apply to any Reporting Person's acquisition of those securities purchased, if any, while he, she or it was a Schedule 13D filer.
(b)
Address or principal business office or, if none, residence:
157 Church Street, 20th Floor, New Haven, CT 06510
(c)
Citizenship:
Energy Transition Holdings LLC - Delaware
Great Mountain Partners LLC - Delaware
Jonathan Rotolo - United States
Alexander Thomson - United States
(d)
Title of class of securities:
Class A Common Stock
(e)
CUSIP No.:
644393100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
25,559,846
(b)
Percent of class:
9.0%. This percentage is based on 284,552,811 shares of the Issuer's Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), outstanding as of November 14, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 filed with the Securities and Exchange Commission on November 21, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
25,559,846
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
25,559,846
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Under certain circumstances set forth in the operating agreement of Energy Transition Holdings LLC, members of Energy Transition Holdings LLC may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of Class A Common Stock owned by Energy Transition Holdings LLC. The shares of Class A Common Stock owned by Energy Transition Holdings LLC are principally held for the benefit of the State Treasurer of the State of Michigan, Custodian of the Michigan Public School Employees' Retirement System, State Employees' Retirement System and Michigan State Police Retirement System.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Energy Transition Holdings LLC
Signature:
/s/ Jonathan Rotolo
Name/Title:
Manager of Great Mountain Partners LLC, as Manager of Energy Transition Holdings LLC
How many New Fortress Energy (NFE) shares are reported in this Schedule 13G?
The filing reports beneficial ownership of 25,559,846 shares of New Fortress Energy Class A Common Stock. This stake represents a significant institutional-sized position and is used to calculate the disclosed percentage ownership of the company’s outstanding Class A shares.
What percentage of New Fortress Energy’s Class A stock does 25,559,846 shares represent?
The filing states the reporting persons own 9.0% of New Fortress Energy’s Class A Common Stock. This percentage is based on 284,552,811 Class A shares outstanding as of November 14, 2025, as disclosed in the company’s Form 10-Q.
Who are the reporting persons in the New Fortress Energy (NFE) Schedule 13G?
The reporting persons are Energy Transition Holdings LLC, Great Mountain Partners LLC, and individuals Jonathan Rotolo and Alexander Thomson. Energy Transition Holdings LLC is the record holder, managed by Great Mountain Partners LLC, with Rotolo and Thomson sharing voting and dispositive power.
Is the 9.0% New Fortress Energy stake held to influence control of the company?
The filing certifies the securities were not acquired and are not held for the purpose of changing or influencing control of New Fortress Energy. It also states they are not held in connection with any transaction having that control-related purpose or effect.
How is the New Fortress Energy (NFE) stake structured through entities and managers?
Shares are held of record by Energy Transition Holdings LLC, which is managed by Great Mountain Partners LLC. Jonathan Rotolo and Alexander Thomson manage Great Mountain Partners LLC and therefore share voting and dispositive power over the Class A shares reported.
Who ultimately benefits from the New Fortress Energy shares held by Energy Transition Holdings LLC?
The filing states the shares are principally held for the benefit of the State Treasurer of Michigan, as custodian for the Michigan Public School Employees', State Employees', and Michigan State Police Retirement Systems, indicating a public pension-related economic interest.
Why did the New Fortress Energy holders switch from Schedule 13D to Schedule 13G?
The reporting persons previously filed a Schedule 13D but now file on Schedule 13G, stating the securities are not held to change or influence control. By this filing, they amend their prior 13D obligations and continue reporting as passive beneficial owners instead.
