Sunya

DOE Announces $41 Million for Technologies to Expand the Use of Renewable Power : Groundbreaking Chemical Reactor Systems Would Enable Industrial Decarbonization Through Deployment of Cost-Effective, Renewable Energy Resources WASHINGTON, D.C. —The U.S. Department of Energy (DOE) today announced $41 million for 14 projects to develop technologies, Renewables-to-Liquids (RtL), for harnessing renewable energy sources like wind and solar to produce liquids for sustainable fuels or chemicals that can be transported and stored as easily as carbon-intensive liquids like gasoline or oil. Renewable energy resources are often not co-located with the current U.S. power grid, and by enabling the transportation of sustainable fuels the selected projects can reduce interconnection barriers while helping cut emissions from hard to decarbonize industrial sectors.   “With today’s announcement, the Department of Energy charges forward on its mission of finding and elevating new techn...

EQT Advances into Phase 1 Planning of Clean Hydrogen Project : Jul 31, 2024, 18:36 ET EQT, together with its peers in the Appalachian Regional Clean Hydrogen Hub, have advanced to Phase 1 Award Status from the U.S. Department of Energy PITTSBURGH , July 31, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT ) today announced that its strategic plans to produce clean hydrogen and low carbon aviation fuel (LCAF) from its low emissions Appalachian natural gas will advance into Phase 1 planning following the execution of a cooperative agreement between the Appalachian Regional Clean Hydrogen Hub  ( ARCH2 ) and the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED). The agreement unlocks $30 million in initial funding for ARCH2 projects in Phase 1 from a potential $925 million that may be distributed in future phases, as designated by the Bipartisan Infrastructure Law, which establishes an investment of up to $7 billion fo...

Agreement Reached to Build Appalachian Regional Clean Hydrogen Hub (ARCH2) : ARCH2 awarded up to $925 million over project lifetime to jumpstart a regional clean hydrogen economy. Appalachian region will benefit from billions of dollars in public and private investments catalyzed by ARCH2. July 31, 2024 06:38 PM Eastern Daylight Time MORGANTOWN, W. Va.--( BUSINESS WIRE )--The Appalachian Regional Clean Hydrogen Hub (ARCH2) has executed a cooperative agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) to receive up to $925 million in federally funded dollars to spearhead the development of a clean hydrogen hub in Appalachia. This federal funding will unlock billions of dollars in private sector investment to create thousands of well-paying jobs in Appalachia’s emerging hydrogen economy. In partnership with OCED, ARCH2 will create a clean, economically viable, and socially equitable hydrogen ecosystem within Appalachia, revitalizing local commu...

OCI Energy Announces Sale of Hillsboro Project to Hyundai Engineering Co., Ltd. : SAN ANTONIO , July 31, 2024 /PRNewswire/ -- OCI Energy is pleased to announce the successful sale of a 260 MWdc solar project to Hyundai Engineering Co., Ltd. This milestone marks the first transaction of its kind between the two companies, and it sets the stage for both companies to enter into a Memorandum of Understanding for future collaboration on renewable energy development. An official transaction closing and MOU ceremony was held today at OCI Energy's headquarters in San Antonio . Team members from Hyundai's Houston office as well as representatives from its parent company in Seoul, South Korea were in attendance. Project Hillsboro is currently under development in Hill County , in the ERCOT North load zone. Hyundai Engineering will undertake construction of the project and expects it to begin operating in the first quarter of 2027. Sabah Bayatli, President of OCI Energy,...

Williams Reports Progress on Environmental Performance Metrics : July 31, 2024 09:15 AM Eastern Daylight Time TULSA, Okla.--( BUSINESS WIRE )--Williams (NYSE: WMB) today released its latest Sustainability Report, which provides a comprehensive review of environmental performance and management and details the company’s efforts on social and governance topics for the 2023 reporting year. An electronic version of the report is available at www.williams.com/sustainability . “Sustainability is central to our natural gas-focused strategy at Williams, and this report illustrates our core values in action as a best-in-class operator in the many communities we touch across the country,” said Williams President and CEO Alan Armstrong. “As demand for natural gas accelerates, Williams is applying innovative technology and operational improvements to further decarbonize our industry while reliably serving growing energy needs and delivering long-term returns for shareholders.” Highlights of the re...

Vistra Publishes 2023 Sustainability Report Highlighting Accelerated Portfolio Transformation & Responsible Decarbonization : News provided by  Vistra Corp. Jul 31, 2024, 13:45 ET IRVING, Texas , July 31, 2024 /PRNewswire/ -- Vistra (NYSE: VST ) recently published its 2023 Sustainability Report, highlighting its leading role in the energy transition and expansion, including its growing zero-carbon portfolio, groundbreaking retail solutions, and a workplace driven by diverse ideas and teams.  "Our world is running on electricity now more than ever. Vistra is committed to meeting that growing demand and will lead as we both grow and transform our energy supply," said Jim Burke , Vistra president and chief executive officer. "The strides our team made in 2023 and laid out in this report reflect our unwavering commitment to reliability, affordability, and sustainability." Select 2023 highlights include: Environmental Stewardsh...

Nokomis Energy Announces $30 Million Investment from Great Bay Renewables : MINNEAPOLIS , July 31, 2024 /PRNewswire/ -- Nokomis Energy has finalized a $30 million investment from Great Bay Renewables, a leading renewable energy investment fund. This investment enables Nokomis Energy to expand its growing portfolio of distribution-sited projects across the Midwest. Nokomis is focused on delivering clean, competitive electricity on the distribution grid, recognizing that communities cannot meet their energy needs solely through transmission-sited electricity generation. Brendan Dillon , Co-Founder and President of Nokomis Energy, expressed enthusiasm about the partnership, stating, "We are excited about the impact of our collaboration with Great Bay on our ability to deploy distributed generation projects in established and emerging markets across the Upper Midwest. Leveraging Great Bay's proven expertise in supporting utility-scale project developers, we aim to r...

Stonepeak Forms Joint Venture with American Tower to Construct a New Data Center in Denver, Colorado : July 31, 2024 11:41 AM Eastern Daylight Time NEW YORK & BOSTON--( BUSINESS WIRE )--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has executed definitive documentation with American Tower (NYSE:AMT) subsidiary CoreSite to form a new joint venture (“CoreSite DevCo JV”) to develop, construct, and operate an 18 megawatt (“MW”) data center in Denver, Colorado (“DE3”), with CoreSite operating DE3. Stonepeak is expected to hold 85% of the equity of the CoreSite DevCo JV, with CoreSite holding the remaining 15% ownership interest. The investment is being made primarily through the Stonepeak Opportunities Fund, which targets both control and structured capital solutions across North America and Europe. American Tower operates a leading North American interconnection-focused data center platform through its investmen...

Avantus Announces Completion of Acquisition by KKR and Closing of $522 Million Development Facility : KKR’s majority equity investment and arrangement of a new development facility to accelerate the deployment of Avantus’ pipeline, including some of the nation’s largest solar and energy storage projects July 30, 2024 08:24 PM Eastern Daylight Time NEW YORK--( BUSINESS WIRE )--Today, Avantus, a premier U.S. developer of utility-scale solar and solar-plus-storage projects, and KKR, a leading global investment firm, announced the completion of the acquisition of a majority equity interest in Avantus by investment funds and accounts managed by KKR. Coinciding with the close of the transaction, Avantus has secured a $522 million development facility arranged by KKR Capital Markets and Sumitomo Mitsui Banking Corporation (SMBC). The facility provides Avantus the financial backing to fuel the company’s growth and execute on its development portfolio, which now spans more than 30 gigawatts (GW...

Advancing Green Data Centers in Singapore News provided by  PacificLight Power Pte Ltd 29 Jul, 2024, 12:45 CST SINGAPORE, July 29, 2024 /PRNewswire/ -- Google, PacificLight Energy (PLE) and Rexus Bioenergy (RExus) have entered into a 10-year collaboration under which PacificLight will offtake renewable energy generated from RExus's Waste Wood-to-Energy (WWtE) Plant and supply it to Google. The renewable energy generated by the new WWtE plant will be certified under the International Renewable Energy Certificate (I-REC) standard. This clean energy will support Google's data center and operations in Singapore and will contribute to Google's sustainability goals to operate on 24/7 carbon-free energy by 2030. Jointly developed and invested by Sobono Bioenergy and V8 Environmental, RExus's 13.2MW WWtE plant is the first of its kind, designed with circular synergy and with best-in-class technologies. It will have an estimated 10% higher efficiency than conventional Waste to E...

Silver Hill Energy Partners, LP Closes Oversubscribed $1.13 Billion Fund for Fourth Venture Focused on Direct Investments in Premier Oil and Gas Basins Across the U.S. : Company remains focused on direct investments in high-quality, active basins via continued acquisition, optimization and development of operated oil, natural gas and related infrastructure properties across the Lower 48. Current portfolio consists of large-scale production and development operations with more than a decade of drilling inventory across ~55,000 net acres in the Haynesville Shale of East Texas and Louisiana and ~86,000 net acres in the Bakken Shale of North Dakota. Since August of 2021, the company has completed seven large-scale upstream acquisitions, two midstream infrastructure projects supporting its upstream operations, and dozens of complementary mineral and royalty acquisitions while executing on active development plans across three major basins and realizing a successful full-cycle investment in ...

3Degrees Facilitates Over 80,000 Metric Ton Carbon Removal Purchase for Microsoft From Western Rivers Conservancy's Blue Creek Forest Project : SAN FRANCISCO , July 30, 2024 /PRNewswire/ -- 3Degrees, a leading global climate solutions provider and certified B Corporation, announced today a CDR transaction with Microsoft to purchase over 80,000 metric tons of carbon removals from Western Rivers Conservancy's Blue Creek Improved Forest Management Project located in Northern California . This purchase supports Microsoft's near-term climate targets and commitment to supporting high-integrity carbon removal projects. Managed by Western Rivers Conservancy (WRC), the project not only enhances forest carbon stocks in North America , but also provides funding to create the Blue Creek Forest and Salmon Sanctuary, which is part of a larger effort to conserve 47,000 acres of temperate rainforest by repatriating the land to the Yurok Tribe. The revenue generated from the sale...

IAG and Repsol agree the largest purchase of SAF in Spain IAG has reached an agreement with multi-energy company Repsol for the purchase of more than 28,000 tons of SAF. This is the largest SAF purchase in Spain so far. This SAF allows an emissions reduction of more than 80% compared to mineral jet fuel in terms of life cycle, from production to consumption. As of 31 December 2023, IAG's investments in SAF reached $1 billion. As of the end of February, the group has secured a third of the SAF necessary to meet its goal of 10% of its fuel being SAF in 2030. Repsol is a pioneer in Spain in the production of renewable fuels for all transport means, including aviation. Madrid, 29 July 2024. International Airlines Group (IAG) has reached an agreement with the multi- energy company Repsol for the purchase and supply during the next six months of more than 28,000 tonnes of sustainable aviation fuel (SAF). The SAF provided by Repsol will be used by the IAG airlines flying from Spanish airp...

I Squared Announces Acquisition of Texas-Based Energy Services Firm, Priority Power : Underscores I Squared’s commitment to advance sustainable energy solutions Brandon Schwertner to remain as CEO of Priority Power July 30, 2024 09:00 AM Eastern Daylight Time MIAMI & HOUSTON--( BUSINESS WIRE )--I Squared Capital (“I Squared”), a leading independent global infrastructure investment manager, today announced that it has entered into an agreement to acquire Priority Power Management, LLC. (“Priority Power” or “the Company”). Based in The Woodlands, Texas, Priority Power is one of the largest independent providers of energy management services and infrastructure solutions for commercial and industrial customers across more than 40 U.S. states. Gautam Bhandari, Chief Investment Officer and Managing Partner, I Squared Capital said: “Priority Power has proven itself to be a valued partner for customers seeking to reduce costs, manage volatility and progress sustainability goals as they nav...

Excelsior Energy Capital Enters Multiyear, 2.2 GWh Agreement with Fluence to Utilize Domestically Manufactured Battery Cells in US Energy Storage Projects : Commencing in 2025, the agreement will support domestic grid resilience, manufacturing capacity, and supply chain strength. July 30, 2024 09:00 AM Eastern Daylight Time EXCELSIOR, Minn.--( BUSINESS WIRE )-- Excelsior Energy Capital (“Excelsior” or “the firm”), a leading renewable energy infrastructure investor, today announced it has entered into a multiyear agreement with Fluence Energy Inc. (NASDAQ: FLNC), a global provider of energy storage systems, to develop 2.2 GWh of battery energy storage system (BESS) infrastructure in strategic markets across the United States. These projects, which will commence in 2025, will promote American grid stability and sustainable energy development while supporting domestic manufacturing. Under the agreement, Excelsior will utilize battery cells primarily manufactured in Tennessee along with ...

Graphyte Secures $30MM Series A Funding Growth Capital to Accelerate Graphyte’s Low-Cost Carbon Dioxide Removal Solution Pine Bluff, Arkansas; July 30, 2024 – Graphyte, a leader in the durable carbon removal industry, today announced the successful closing of a $30 million Series A funding round. The financing will be used to accelerate Graphyte’s innovative carbon dioxide removal technology and scale up its carbon removal operations. The Series A financing round was co-led by Prelude Ventures and Carbon Direct Capital, with significant participation from existing investors Breakthrough Energy Ventures (BEV) and Overture. Graphyte’s Carbon Casting technology sequesters carbon-containing biomass waste underground, avoiding the energy intensity of other engineered carbon removal solutions, which allows the company to offer low-cost removals to carbon credit buyers and ultimately help to address climate change. The company has already commenced operations of its Loblolly project in Arkan...