Sunya

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

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

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

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

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

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

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

General Atlantic Completes Actis Acquisition : Combined platform advances General Atlantic’s strategic diversification. The combination accelerates Actis’ ambition to be a leading global investor in sustainable infrastructure. October 02, 2024 05:00 AM Eastern Daylight Time NEW YORK & LUXEMBOURG--( BUSINESS WIRE )--General Atlantic, a leading global growth investor, today announces the completion of its acquisition of Actis, a leading global investor in sustainable infrastructure. The combination further expands General Atlantic’s diversified investment platform to approximately $97 billion in assets under management, based on valuations as of June 30, 2024, across sectors, regions, and strategies to capture the most compelling opportunities for its investing clients. Actis will operate as General Atlantic’s Sustainable Infrastructure business alongside its existing strategies in Growth Equity, Credit, and Climate. The combination reinforces both firms’ collective commitment to sus

SM ENERGY ANNOUNCES CLOSING OF UINTA ACQUISITIONS - SIGNIFICANTLY EXPANDING ITS TOP-TIER PORTFOLIO : DENVER , Oct. 2, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM ) announced today that it has closed the previously announced Uinta Basin acquisition of an 80% undivided interest in the oil and gas assets of XCL Resources, LLC and affiliated entities, which includes the exercise of its option to acquire certain additional assets adjacent to XCL Resources position (collectively, the "Uinta Acquisitions"). President and Chief Executive Officer Herb Vogel comments: "We are excited to add a third core area of very high-quality assets to the SM portfolio. We look forward to welcoming new employees to the SM team from XCL Resources and Altamont Energy and to working in our new Utah communities. The Uinta Acquisitions add significant scale and long-term value creation opportunity for SM Energy via high-quality, oily stacked pay with outst

Origis Energy Secures Tax Equity Commitment with J.P. Morgan for Golden Triangle I Solar + Storage : The funding supports bringing the MS based utility-scale solar + storage project online. MIAMI , Oct. 2, 2024 /PRNewswire/ -- Origis Energy , one of America's leading renewable energy and decarbonization solution platforms, today announced it has secured a tax equity commitment from J.P. Morgan for the Golden Triangle I Solar + Storage project in Lowndes County, MS. The initial funding was made alongside the commitment. The agreement funds the completion of Golden Triangle I, a 200 MWac solar project with 50 MW of battery storage under Power Purchase Agreement with the Tennessee Valley Authority (TVA), to deliver clean energy and grid resiliency at competitive rates. "The team at Origis Energy is focused on delivering high-quality projects for TVA, and our other customers. Golden Triangle I is an excellent example of that focus, and we appreciate J.P. Morgan's

United Solar Holding Inc. Receives US$156 million Investment from Future Fund Oman. : SOHAR, Oman , Oct. 2, 2024 /PRNewswire/ -- United Solar Holding Inc. ("United Solar" or the "Company"), a manufacturer of high-purity polysilicon for the global solar PV industry, is pleased to announce a strategic investment from Future Fund Oman ("FFO"), launched by the sovereign wealth fund of Oman . FFO is investing OMR 60 million (equivalent to US$156 million) in United Solar, which is constructing a state-of-the-art 100,000-ton polysilicon factory in Sohar Port and Freezone, a key player in the global trade network, offering unparalleled access to world markets. FFO was established by Oman Investment Authority, the sovereign wealth fund of Oman . FFO comprises a capital totaling OMR 2 billion (equivalent to US$5.2 billion ). FFO offers an array of funding opportunities for investors and partners looking to play a role in enhancing and stimulating Oman&#

Ameresco, Republic Services and PG&E Celebrate the Opening of California's Largest Landfill Gas to Renewable Natural Gas Plant : This First-of-its-kind 11.7Mwe Energy Asset plant in the U.S. will be powered by co-located LFG-to-Electric Plant Facility is designed to reduce 62,000 metric tons of carbon emissions annually while increasing energy resiliency and supporting California’s renewable energy and decarbonization goals October 02, 2024 04:30 PM Eastern Daylight Time FRAMINGHAM, Mass. & PITTSBURG, Calif.--( BUSINESS WIRE )-- Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, Republic Services, Inc. (NYSE: RSG) and Pacific Gas and Electric Company (PG&E) (NYSE: PCG), today celebrated the ribbon cutting for California’s largest and most resilient landfill gas (LFG) to renewable natural gas (RNG) plant, located at the Keller Canyon Landfill in Pittsburg, CA. This first of its kind energy center in the U

ASCENT RESOURCES UTICA HOLDINGS, LLC ANNOUNCES PRICING OF $600 MILLION OFFERING OF 6.625% SENIOR NOTES DUE 2032 : OKLAHOMA CITY , Oct. 2, 2024 /PRNewswire/ -- Ascent Resources Utica Holdings, LLC (together with its subsidiaries, "Ascent") announced today that it, along with its wholly-owned subsidiary, ARU Finance Corporation, has priced a private offering (the "Offering") of $600 million in aggregate principal amount of 6.625% senior unsecured notes due 2032 (the "2032 Notes") at par. Ascent intends to use the net proceeds from the Offering, together with cash on hand and/or borrowings under its revolving credit facility, to repurchase or redeem all of its outstanding 7.00% senior notes due 2026 (the "2026 Notes") and to pay accrued and unpaid interest, premiums, fees and expenses related to such repurchases and redemptions. The Offering is expected to close on October 15, 2024 , subject to customary closing conditions. The 2032 Note

New Fortress Energy Announces ~$3 Billion of Comprehensive Debt and Equity Transactions : October 02, 2024 05:18 PM Eastern Daylight Time NEW YORK--( BUSINESS WIRE )--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) today announced two transformative debt and equity transactions totaling approximately $3 billion upon completion. Today, the Company issued 46,349,942 shares of its Class A common stock at a public offering price of $8.63 per share, for a total offering of $400 million. Wes Edens, Chairman and CEO of New Fortress Energy, purchased 5,793,742 shares, totaling ~$50 million of the offering, at the public offering price. Additionally, on October 1, 2024, the Company entered into a Transaction Support Agreement (the “Agreement”) with certain of its existing noteholders. Pursuant to the Agreement, the Company is expected to consummate a series of transactions (“Transactions”) intended to extend the maturity profile of the Company’s indebtedness while providing addi

Avangrid Awarded $425M Federal Capacity Contract for Maine Transmission Project : Capacity contract granted through the Transmission Facilitation Program by the U.S. Department of Energy Grid Deployment Office Award represents one of the largest federal investments in energy development in Maine’s history October 03, 2024 06:30 AM Eastern Daylight Time AUGUSTA, Maine--( BUSINESS WIRE )--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced that the U.S. Department of Energy (DOE) selected Avangrid for a $425 million capacity contract for its Aroostook Renewable Project. The award is part of the DOE’s Transmission Facilitation Program (TFP). The announcement by DOE comes as the Maine Public Utilities Commission (MPUC) prepares to issue a transmission line Request for Proposals to connect 1,200 megawatts of renewable energy to the New England power grid in Maine. The generation portion is being solicited by the MPUC separately. Avan

Sage Geosystems Expands Collaboration with the DoD to Enhance Energy Resilience through Geothermal Energy at Naval Air Station Corpus Christi : October 03, 2024 08:00 AM Eastern Daylight Time HOUSTON--( BUSINESS WIRE )-- Sage Geosystems , a leader in next-generation geothermal using its proprietary Geopressured Geothermal Systems (GGS) technology, announced today it has been selected to conduct geothermal project development initiatives at Naval Air Station (NAS) Corpus Christi, Texas. In partnership with the Department of Defense (DoD) Defense Innovation Unit (DIU), and the Environmental Security Technology Certification Program (ESTCP), Sage will evaluate the potential for geothermal baseload power generation to provide clean and resilient energy at the military base. The U.S. Navy’s commitment to achieving net-zero carbon emissions by 2045 highlights the critical role of innovative energy technologies like geothermal in securing the future of its operations and infrastructure. This