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1PointFive Sequestration Hubs Awarded Department of Energy Funding

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1PointFive Sequestration Hubs Awarded Department of Energy Funding : HOUSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- 1PointFive , a wholly owned subsidiary of Occidental, announced today that its Bluebonnet and Magnolia Sequestration Hubs were awarded a total of $36 million in funding from the U.S. Department of Energy (DOE) under Phase III of the Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative. The awards will support the development of 1PointFive’s carbon dioxide (CO2) sequestration hubs that provide a solution to address industrial sources of emissions. 1PointFive’s Bluebonnet Sequestration Hub, located in Chambers County, Texas, and Magnolia Sequestration Hub, located in Allen Parish, Louisiana, are well-suited for large-scale geologic CO2 storage and positioned near industrial emissions sources. By bringing together pore space, UIC Class VI sequestration permits that are progressing and infrastructure, 1PointFive’s hubs will provide a practical way for ha
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Toyota To Invest $500 Million in Joby Aviation

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Toyota To Invest $500 Million in Joby Aviation :  Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025 Funds will support certification and commercial production of Joby's electric air taxi Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization Will bring total investment from Toyota Motor Corporation in Joby to $894 million TOYOTA CITY, Japan, and SANTA CRUZ, Calif., Oct. 2, 2024 /PRNewswire/ -- Toyota Motor Corporation (Toyota; NYSE: TM ) and Joby Aviation, Inc. (Joby; NYSE: JOBY ), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility. The investment, which will be made in two equal tranches, is subject to sta
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DOE Invests $1.5 Billion to Bolster the Nation's Electricity Grid and Deliver Affordable Electricity to Meet New Demands

Biden-Harris Administration Invests $1.5 Billion to Bolster the Nation's Electricity Grid and Deliver Affordable Electricity to Meet New Demands October 3, 2024 With Funding from the Investing in America Agenda, DOE Announces $1.5 Billion Transmission Investment to Improve Grid Reliability Across the Country New DOE Study Shows Accelerated Expansion Leading to More Than $270 Billion in Savings Through 2050. WASHINGTON, D.C. – In support of the Biden-Harris Administration’s Investing in America agenda and work to lower costs for American families, the U.S. Department of Energy (DOE) announced two critical actions in its continued efforts to support the expansion of the transmission infrastructure needed to ensure that the nation’s electricity grid is reliable, resilient, and ready to meet customer demands with low-cost clean electricity. First, DOE announced an investment of $1.5 billion in four transmission projects that will improve grid reliability and resilience, relieve costl
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Producers Midstream Announces the Construction of Gas Gathering, Treating and Processing Facilities in Lea County

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Producers Midstream Announces the Construction of Gas Gathering, Treating and Processing Facilities in Lea County : News provided by Tailwater Capital Oct 03, 2024, 12:00 ET Phase One of Project to Strategically Relocate Existing 60 MMscfd Cryogenic Processing Plant DALLAS, Oct. 3, 2024 /PRNewswire/ -- Producers Midstream II, LLC ("Producers Midstream" or the "Company"), a portfolio company of Tailwater Capital, announced the Company is constructing a new gathering, treating, and processing system in Lea County, New Mexico. The System will be located in the core of the Delaware Basin, one of the most active oil and gas producing regions in the United States. The initial build-out will utilize existing plant, treating, and compression assets owned by the Company and is expected to be in-service by second quarter of 2025. The first phase of the project includes relocating an existing 60 million standard cubic feet per day ("MMscfd") cryogenic processing pl
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EQT Broadens Reworld™ Investor Base, Welcoming GIC as Strategic Investor

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EQT Broadens Reworld™ Investor Base, Welcoming GIC as Strategic Investor : GIC to acquire a 25% minority interest in Reworld Waste, LLC Broadened investor base adds new resources, expertise, and capital that will help accelerate the Company's journey as one of North America's leading sustainable waste solutions companies. NEW YORK , Oct. 2, 2024 /PRNewswire/ -- EQT and GIC are pleased to announce that the EQT Infrastructure V fund ("EQT Infrastructure") has signed an agreement to sell a 25% minority stake in Reworld ™ ("the Company") to GIC via a combination of primary and secondary capital. EQT Infrastructure took the Company private in November 2021 and will remain the largest shareholder following the closing of the transaction. Reworld ™ has rapidly scaled into a leader in sustainable waste solutions, providing innovative and environmentally responsible services to businesses and communities throughout North America . Since 2021, Rewor
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Post Oak Energy Capital Provides Equity Commitment to Ichthys Energy

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Post Oak Energy Capital Provides Equity Commitment to Ichthys Energy : October 03, 2024 08:00 AM Eastern Daylight Time HOUSTON & DALLAS--( BUSINESS WIRE )--Post Oak Energy Capital, L.P. (“Post Oak”) today announced the closing of an equity commitment to Ichthys Energy Partners, LLC (“Ichthys”) from investment funds managed by Post Oak. Ichthys seeks to execute its growth strategy through a targeted ground game focused on operated and non-operated leasehold acquisitions and strategic partnerships across the Permian. Based in Dallas, Ichthys is an exploration and production company focused on aggregating and responsibly developing operated inventory in the Permian Basin. The Ichthys management team is led by co-founders Michael Poynter, Chief Executive Officer, and Will Weidig, Chief Financial Officer. Both Poynter and Weidig have extensive experience presiding in leadership roles for marquee private equity backed and publicly traded companies in the Permian Basin. “We are excited to
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Expand Energy’s Credit Rating Upgraded to Investment Grade by S&P Global Ratings and Fitch Ratings

Expand Energy’s Credit Rating Upgraded to Investment Grade by S&P Global Ratings and Fitch Ratings October 02, 2024 Expand Energy’s credit rating was upgraded to Investment Grade by S&P Global Ratings and Fitch Ratings. Our new rating is a reflection of the financial strength and enhanced scale of our company. Today’s action by the rating agencies marks an important milestone on our path to disrupt the industry’s traditional cost and market delivery model and to establish Expand Energy as a premier energy company. Brooke Coe Manager – Communications & Media Relations 405-935-8878 media@expandenergy.com
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