Sunya

Austrian Waste-to-X biotech startup Vertus Energy secures €8.75M in a seed funding : Vertus Energy, a Vienna-based startup specializing in advanced control of bacteria behaviour, has secured €8.75 million in a seed funding round led by Energy Capital Ventures. It will be used to scale the company’s flagship product, BRIO, into pilot projects, EU-Startups informs . Founded in 2019, Vertus Energy develops BRIO, a biogas technology that generates biomethane up to 3 times faster than currently possible and boosts energy production by up to 60% from the same amount of waste. The startup claims its flexibility provides the potential to service the entire industry, at every scale. It easily retrofits into existing anaerobic digestion plants, controlling existing bacteria rather than by introducing new bacteria, enabling the potential to utilize any waste stream. Vertus Energy team. Image: Vertus Energy Vertus Energy is determined to radically improve access to sustainable ene...

Brookfield Opens Fundraising for Catalytic Transition Fund with Anchor Commitment from ALTÉRRA Targeted to Raise up to $5 billion to Scale Up Climate Finance in Emerging Markets : First dedicated fund introduced for transition investing in emerging markets $1 billion committed by UAE-backed ALTÉRRA CTF first close expected by the end of 2024 BROOKFIELD, NEWS, June 13, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) and Alterra Management Limited announced today the launch of the Catalytic Transition Fund (“CTF” or “the Fund”) focused on directing capital into clean energy and transition assets in emerging economies. With the urgent need to cut emissions and accelerate the climate transition, the Brookfield-managed CTF will harness a $1 billion commitment by ALTÉRRA funds (“ALTÉRRA”) to catalyze up to $5 billion in total capital for deployment into emerging markets. Since announcing the launch of CTF in December 2023, Brookfield has...

Shell to build carbon capture and storage projects in Canada : CALGARY, AB, June 26, 2024 /PRNewswire/ -- Shell Canada Products, a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tonnes of CO2 annually from the Shell-owned Scotford refinery and chemicals complex. In addition to the Polaris FID, Shell today announced FID to proceed with the Atlas Carbon Storage Hub in partnership with ATCO EnPower. The first phase of Atlas will provide permanent underground storage for CO2 captured by the Polaris project. "Carbon capture and storage is a key technology to achieve the Paris Agreement climate goals," said Huibert Vigeveno, Shell's Downstream, Renewable and Energy Solutions Director. "The Polaris and Atlas projects are important steps in reducing emissions from our own operations....

Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2 : DHAHRAN, Saudi Arabia, June 26, 2024 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, and Sempra (NYSE: SRE ) (BMV: SRE), one of North America's leading energy infrastructure companies, today announce that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for liquefied natural gas (LNG) offtake of 5.0 million tonnes per annum (Mtpa) from the Port Arthur LNG Phase 2 expansion project. The HoA further contemplates Aramco's 25% participation in the project-level equity of Phase 2. At the signing ceremony, from left: Aramco Executive Vice President of Gas Abdulkarim A. Al-Ghamdi, Sempra Chairman and CEO Jeffrey W. Martin, Aramco President & CEO Amin H. Nasser, Aramco Upstream President Nasir K. Al-Naimi, and Sempra Infrastructure President of LNG Mart...

e-Zinc Secures USD $31M in Series A2 Funding to Advance Commercialization Initiatives : New financing will enable e-Zinc to complete its pilot manufacturing facility and begin deploying commercial pilot projects of its long-duration energy storage system June 27, 2024 09:00 AM Eastern Daylight Time TORONTO--( BUSINESS WIRE )-- e-Zinc , the company enabling sustainable, long-duration energy storage with its zinc-air battery, today announced it has raised an additional USD $31 million in follow-on funding to its $25 million Series A round . This oversubscribed Series A2 round was led by Evok Innovations , with additional investments from Mitsubishi Heavy Industries , Export Development Canada (EDC) , and Ultratech Capital Partners . e-Zinc’s existing shareholders also participated, including Toyota Ventures , Eni Next , Anzu Partners , BDC , and Graphite Ventures . e-Zinc plans to use this financing to accelerate product development and complete the construction of its 42,000 sq. ft pilo...

Galvanize Climate Solutions’ Real Estate Strategy Acquires Second Asset : Galvanize’s pioneering real estate strategy leverages proprietary technology with the aim of optimizing energy efficiency savings, generating renewable power, and increasing asset value. One Gateway Boulevard (Photo: Business Wire) June 27, 2024 06:00 AM Eastern Daylight Time NEW YORK--( BUSINESS WIRE )--Galvanize Real Estate (“GRE”), the sustainable real estate strategy of global investment firm Galvanize Climate Solutions (“Galvanize”), today announced its acquisition of a 245,000 sq. ft. industrial asset located at One Gateway Boulevard along the I-95/I-295 corridor in Southern New Jersey. Centrally positioned near the Port of Philadelphia and halfway between Washington, D.C. and New York City, the building is the second addition to GRE’s growing asset portfolio. Galvanize’s sustainable real estate strategy is focused on investing in and decarbonizing industrial, residential, student housing, and self-storage ...

LanzaTech and LanzaJet Introduce CirculAir™, a Revolutionary and Commercially Ready Solution to Convert Waste, Carbon, and Renewable Power to Sustainable Aviation Fuel : CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, and LanzaJet, Inc. , a leading sustainable fuels technology company and fuels producer, are launching CirculAir™, a new joint offering to convert waste, carbon, and renewable power into sustainable aviation fuel (SAF) and immediately accelerate decarbonization of the aviation industry globally. CirculAir is a breakthrough offering that provides an economical and commercialized alternative to Fischer-Tropsch technology to create eFuels, Power-to-Liquids (PtL), and Waste-to-Fuels leveraging the already ASTM-approved SAF production pathway that uses ethanol as the biointermediate and Alcohol-to-Jet (ATJ) technology to produce SA...

Recurrent Energy Closes $103 Million Tax Credit Transfer Agreement with Bank of America for North Fork Solar Project : The 160 MW North Fork Solar Project is now in operation, supplying power to the Oklahoma Municipal Power Authority GUELPH, ON , June 27, 2024 /PRNewswire/ -- Recurrent Energy , a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ ) and a global developer, owner, and operator of solar and energy storage assets, announced today that it has signed a $103 million tax credit facilitation agreement with Bank of America for its North Fork Solar Project ("North Folk Solar"). The 160 MW solar project, located southwest of Oklahoma City , is now operational. To celebrate the commencement of operations, Recurrent Energy and Oklahoma Municipal Power Authority ("OMPA"), hosted a ribbon-cutting ceremony on June 26, 2024 . OMPA, which serves 42 municipally-owned electric systems in Oklahoma , will purchase 100% of the energy...

AES Partners with AI Fund to Accelerate AI-Driven Energy Solutions : AES named as exclusive energy partner to develop AI-focused companies  ARLINGTON, Va. , June 27, 2024 /PRNewswire/ -- The AES Corporation (NYSE:  AES ) today announced a strategic partnership with AI Fund aimed at accelerating the energy transition through artificial intelligence. Through this partnership, AES and AI Fund will collaborate on co-building companies that leverage AI to be more efficient and productive - putting AI to work to address today's energy challenges. Founded by global AI leader, Andrew Ng , AI Fund is a venture studio that works with entrepreneurs to rapidly build companies. Through AI Fund's bench of experts, they quicken market validation, provide deep technical expertise, contribute comprehensive business support and recruit a strong team to quickly launch and scale startups. Combining AES' deep industry knowledge and track record of innovation with AI Fund's exp...

SM ENERGY ANNOUNCES HIGHLY ACCRETIVE $2.0 BILLION UINTA BASIN ACQUISITION, 11% INCREASE TO FIXED DIVIDEND AND RELOADED $500 MILLION SHARE REPURCHASE PROGRAM : DENVER, June 27, 2024 /PRNewswire/ -- SM Energy Company (the "Company" or "SM Energy") (NYSE: SM ) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC ("XCL"), a private company backed by EnCap Investments L.P. ("EnCap") and Rice Investment Group ("Rice"), for an unadjusted purchase price of $2.55 billion. Concurrently, Northern Oil and Gas, Inc. (NYSE: NOG ) ("Northern") will acquire an undivided twenty percent (20%) of the oil and gas assets of XCL for $510 million, resulting in a $2.04 billion purchase price net to the Company for an undivided 80% interest of the assets (the "XCL Acquisition"). SM Energy intends to serve as the operator of the assets ...