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Expand Energy Corporation Announces Expiration and Results of Tender Offer for 5.500% Senior Notes due 2026 November 27, 2024 PDF Version OKLAHOMA CITY, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy”) announced today the expiration and results of its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 5.500% Senior Notes due 2026 (the “Notes”), which expired at 5:00 p.m., New York City time, on November 27, 2024 (the “Expiration Time”). As of the Expiration Time, $453,162,000 aggregate principal amount of Notes, or approximately 90.63% of the aggregate principal amount of Notes outstanding, had been validly tendered and not validly withdrawn. The complete terms and conditions of the Tender Offer were set forth in an Offer to Purchase dated November 20, 2024 (as supplemented, the “Offer to Purchase”), and the related Notice of Guaranteed Delivery. Expand Energy expects to accept for payment all ...

LPO Announces Conditional Commitment to Grain Belt Express to Construct High-Voltage Direct Current Transmission Project On November 25, 2024, LPO announced a loan guarantee of up to $4.9 billion to Grain Belt Express LLC to help finance Grain Belt Express Phase 1, a high-voltage direct current (HVDC) interregional transmission line. Loan Programs Office  November, 25 2024 As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy (DOE), through its Loan Programs Office (LPO), today announced a conditional commitment for a loan guarantee of up to $4.9 billion ($4.4 billion in principal and $470 million in capitalized interest) to Grain Belt Express LLC to help finance a high-voltage direct current (HVDC) transmission project (Grain Belt Express Phase 1). If finalized, the 2,500-megawatt (MW) interregional transmission line would run approximately 578 miles from Ford County, Kansas, to Callaway County, Missouri. Today’s announcement reinforces...

AWS uses lower carbon steel in the construction of new Swedish data centres Written by About Amazon Team November 26, 2024 AWS expands Swedish Region with new data centres in Mälardalen. As customer demand continues to grow, including for generative AI and machine learning services, Amazon Web Services (AWS) is investing to support their needs by expanding its data centre capacity. In the Europe (Stockholm) Region, it is currently building new data centres in three Availability Zones located in Eskilstuna, Katrineholm and Västerås. The main buildings are due for completion by mid-2025. AWS is working with our supply chain to use lower-carbon concrete, steel , and other materials whenever possible. The construction industry is one of the largest and toughest sectors to decarbonize; embodied carbon—the emissions released during building materials’ life cycle, from extraction to manufacturing, transport, and construction to disposal—accounts for around 11% of global carbon emissions . Sou...

bp and partners give go-ahead for Tangguh UCC project in Papua Barat, Indonesia 21 November 2024 Investment is expected to unlock around 3 trillion cubic feet of additional gas resources  Project features Indonesia’s first at-scale enhanced gas recovery through carbon capture, utilization, and storage (CCUS), aiming to sequester around 15 million tonnes of CO2 in its initial phase and potentially more considering the large CO2 storage capacity of area  Another example of bp’s near-term priorities in action: to deliver growth as a simpler, more focused, higher value company Press releasepdf / 142.2 KB bp, on behalf of the Tangguh production sharing contract partners, today announced a final investment decision on the $7 billion Tangguh Ubadari, CCUS, Compression project (UCC), which has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet growing energy demand in Asia. The announcement was made by Murray Auchincloss, bp’s ch...

Schneider Electric advances environmental impact transparency in MEP by sharing product data through One Click LCA : First-of-its-kind environmental initiative addresses the critical data shortage for MEP products needed to decarbonize building services. RUEIL-MALMAISON, France , Nov. 28, 2024 /PRNewswire/ --  Schneider Electric , the leader in the digital transformation of energy management and automation, and One Click LCA , the leading sustainability software platform for construction and manufacturing, have today announced a partnership to improve the accuracy of environmental assessments in electrification. As buildings are currently responsible for 39% of global energy-related carbon emissions , and 50% of today's buildings will still be in use by 2050, Schneider Electric proposes that the industry should focus on retrofitting existing buildings, which can reduce their lifecycle carbon emissions by up to 83% . The partnership addresses a persistent challenge in...

Blastr Green Steel expands INTERFER collaboration, signing low-carbon steel offtake agreement : News provided by Blastr Green Steel Nov 28, 2024, 08:51 ET HELSINKI, Nov. 28, 2024 /PRNewswire/ -- Blastr Green Steel (Blastr) has signed a Memorandum of Understanding with INTERFER Edelstahl Group, a leading European steel trading company, for the annual supply of 150,000 tonnes of ultra-low CO₂ steel products. This is the second offtake agreement announced in just over a month, covering a combined 10% of the planned capacity at Blastr's green steel plant under development at Inkoo, Finland. "INTERFER is one of Blastr's shareholders and we are very pleased to expand our partnership to also include delivery of low-carbon steel products. The agreement demonstrates continued customer demand for decarbonised steel products at a market premium reflecting the need for new investments in Europe's steel industry. It also underpins our joint commitment to enabling material climat...

Copenhagen Infrastructure Partners’ South Korean offshore wind project Jeonnam 1 delivers first power Jeonnam Offshore Wind 1, a 96 MW offshore wind project off the coast of Shin-an, is the first commercial-scale offshore wind project in South Korea and is expected to reach commercial operations in 2025 November 18, 2024 01:00 ET| Source: Copenhagen Infrastructure Partners SEOUL, South Korea, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Jeonnam 1 today announced the delivery of first power. The project is developed jointly by Copenhagen Infrastructure Partners (“CIP”) through its fund Copenhagen Infrastructure III (“CI III”), SK Innovation E&S, one of the largest conglomerates in South Korea, and Copenhagen Offshore Partners (COP), the exclusive offshore wind development partner to CIP. Construction on Jeonnam 1 started in early 2023 with turbine installation commencing in September 2024. Commercial operations are expected in the first quarter of 2025. Jeonnam 1 can, when fully operational, p...

Copenhagen Infrastructure Partners and AMPIN Energy Transition expand partnership in India Copenhagen Infrastructure Partners and AMPIN Energy Transition expand existing collaboration with  USD ~300 million joint equity investments to enable the addition of ~2 GWp of renewable energy projects across India. This new partnership along with the existing one is creating a USD 2.7 to 3 billion renewable energy asset base in India. November 19, 2024 01:00 ET| Source: Copenhagen Infrastructure Partners COPENHAGEN, Denmark, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP), through is Growth Markets Fund II (“CI GMF II”), and AMPIN Energy Transition have announced an agreement to enter a new partnership with a view to enable another ~2 GWp of renewable energy projects across India. The agreement enables joint equity investments in excess of USD 300 million thereby creating a renewable energy asset base of approx. USD 1.5 billion. The new partnership follows the exi...

CalPERS Climate Solution Commitments Surpass $53 Billion November 18, 2024 (916) 795-3991 - newsroom@calpers.ca.gov SACRAMENTO, Calif. – CalPERS announced Monday it has committed more than $53 billion toward investing in climate solutions as part of a growing global transition toward a low-carbon economy. The milestone comes one year after CalPERS launched its $100 Billion Climate Action Plan . The plan is a key component of CalPERS’ Sustainable Investments 2030 Strategy which – in addition to identifying opportunities for growth – seeks to reduce investment risks by cutting the emissions intensity of the fund’s portfolio in half by the end of 2030 and achieving Net Zero emissions by 2050. “The energy transition underway represents one of the biggest investment opportunities in history,” said CalPERS Chief Executive Officer Marcie Frost. “We are providing the capital necessary to plant the seed for the low-carbon economy of the future.” CalPERS had identified $47 billion in existing c...

ArcelorMittal provides update on its European decarbonization plans 26 November 2024 08:30 CET ArcelorMittal is today providing an update on its decarbonization plans in Europe. The Company has previously announced the intention to invest in lower carbon emissions “hydrogen ready” DRI-EAF facilities to replace several blast furnaces across our European business, as a key strategic first step towards reducing emissions. In all cases, the host countries offered funding support for these projects, with the approval of the European Commission. These projects were premised on a favourable combination of policy, technology and market developments that would facilitate decarbonization investment by helping offset the significantly higher capital and operating costs that this transition strategy would involve. This included being able to use natural gas until green hydrogen became competitive. However European policy, energy and market environments have not moved in a favourable direction. Gre...

Momentum Technologies CEO Mahesh Konduru Named to ITAC 5 Committee on Critical Minerals and Non-Ferrous Metals : CARROLLTON, Texas , Nov. 26, 2024 /PRNewswire/ -- Mahesh Konduru , CEO of Momentum Technologies, has been appointed by Secretary of Commerce Gina Raimondo and United States Trade Representative Katherine Tai to the Industry Trade Advisory Committee on Critical Minerals and Non-Ferrous Metals (ITAC 5) representing Momentum and the U.S. reusable critical minerals and metals industry for the 2022-2026 charter term. "This appointment is an honor — not just for me but for Momentum as a whole," said Konduru. "ITAC 5 offers a unique platform to inform the policies shaping the critical minerals landscape, ensuring resilient, efficient, and sustainable supply chains. I am honored to bring my two decades of industry experience and perspectives gained via Momentum's innovative approach to this vital mission. Security of supply of critical minerals and me...

Fengate and Alpha Omega Power achieve financial close on 400MWh battery storage project in California : NIPOMO, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Fengate Asset Management (Fengate) and Alpha Omega Power (AOP) are pleased to announce the closing of a tax equity commitment with U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank, on the Caballero Energy Storage project (Caballero) to provide clean, resilient energy to the California grid. Caballero marks the first investment by Fengate and AOP, which formed a development partnership in 2023 to develop, acquire and operate battery energy storage system (BESS) projects. The partnership acquired the 400-megawatt hour (MWh) contracted BESS project from Origis Energy and closed construction and term debt with MUFG Bank. Fengate is managing this investment on behalf of the Fengate Infrastructure Fund IV and its affiliated entities, including an investment by the LiUNA Pension Fund of Central and Eastern Canada. When cons...

Vast Receives $30M from Australian Renewable Energy Agency for Green Technology to Decarbonise Australia’s Grid and Power Green Fuels Production : SYDNEY, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (“Vast”) (Nasdaq: VSTE) today announced it has signed an updated funding agreement to access up to $30 million of its existing $65 million grant from the Australian Renewable Energy Agency (“ARENA”). The funding will support Vast’s green technology manufacturing and project development activities as it deploys its next generation concentrated solar thermal power (CSP) solution to deliver the clean, dispatchable power and heat that the world needs. CSP is an obvious technology to deploy in Australia’s energy transition in one of the sunniest countries on earth. By capturing and storing the sun’s energy as heat, CSP can power homes, industry and transport with green, reliable and affordable energy. The technology’s dispatchable capacity will be a critical complement to...

Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to February 10, 2025 : Bakersfield, CA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its Asphalt Ridge Project in Uintah County, Utah. TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. We announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2...

Rivian Receives Conditional Commitment for up to $6.6 Billion Loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Program : November 25, 2024 11:05 PM Eastern Standard Time IRVINE, Calif.--( BUSINESS WIRE )--American all-electric automaker Rivian Automotive (NASDAQ: RIVN) today announced it has received conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for a loan of up to $6.6 billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States. If finalized, the loan would support the construction of Rivian’s next facility in Stanton Springs North, near the city of Social Circle, Georgia, substantially expanding the company’s domestic production capacity to support demand from the United States and international markets. This loa...

Stegra and Axpo sign 2 TWh electricity deal : STOCKHOLM , Nov. 26, 2024 /PRNewswire/ -- Axpo Nordic and Stegra have signed a power purchase agreement for the supply of electricity to Stegra's integrated green hydrogen, green iron and green steel production plant in Boden, northern Sweden . Under the agreement, Axpo Nordic will supply 2.25 TWh of electricity over three years, starting in 2027, to Stegra's facility in Boden, which is currently under construction. Both parties see this agreement as the beginning of a longer business relationship and an important element of the electricity supply to Stegra's plant, which will produce green hydrogen, green iron and green steel at large scale. "Axpo is a great example of an innovative player on the electricity market and a good partner for us at Stegra in securing fossil-free electricity for our large-scale production of hydrogen, iron and steel in Boden. The delivery of this power volume is another important bui...

New Fortress Energy Financing Update November 26, 2024 08:00 AM Eastern Standard Time NEW YORK--( BUSINESS WIRE )--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) is pleased to announce the completion of the first step of the Company’s $2.7 billion issuance of new senior secured notes due 2029 (the “Transaction”). The Transaction will be completed in two steps; the first step completed was the funding of $1.2 billion new senior secured notes. The second step will be an issuance and private exchange of $1.5 billion new senior secured notes expected to close during the first week of December for a total of $2.7 billion new notes issued that mature in November 2029. As a result of the Transaction, the Company will achieve three key objectives:Refinancing $2.4 billion of our existing bonds, including all bonds maturing in 2025 and more than two-thirds of our outstanding bonds maturing in 2026 and 2029 Extending the maturity of $900 million of the Company’s $1 billion Revolv...