Sunya

Infinity Natural Resources, Inc. Announces Pricing of Initial Public Offering January 30, 2025 05:40 PM Eastern Standard Time MORGANTOWN, W.Va.--( BUSINESS WIRE )--Infinity Natural Resources, Inc. (“Infinity”) announced today the pricing of its initial public offering of 13,250,000 shares of Class A common stock, par value $0.01 per share, of Infinity (the “Common Stock”) at a price to the public of $20.00 per share of Common Stock. Infinity has granted the underwriters an option to purchase up to an additional 1,987,500 shares of Common Stock at the initial public offering price, less underwriting discounts and commissions. Shares of Common Stock are expected to begin trading on the New York Stock Exchange under the ticker symbol “INR.” The offering is expected to close on February 3, 2025, subject to customary closing conditions. Infinity expects to receive net proceeds of approximately $238.6 million, after deducting underwriting discounts and commissions and estimated offering expe...

Ovintiv Announces Closing of Montney Asset Acquisition : DENVER , Jan. 31, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV ) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, strategically located near the Company's current Montney operations with ample access to midstream infrastructure capacity. "We are set to rapidly integrate the new Montney asset into our portfolio," said Ovintiv President and CEO, Brendan McCracken . "We consider it to be one of the highest quality undeveloped acreage positions in North America . It extends our premium Montney oil and condensate inventory life to approximately 15 years and positions Ovintiv as the...

Entergy Texas partners with Kinder Morgan, Golden Pass LNG to fuel Southeast Texas growth 01/30/2025 Entergy Texas|281-297-2353| EntergyTexasMedia@entergy.com Kinder Morgan|| newsroom@kindermorgan.com Golden Pass LNG|877-246-4728| Info@GoldenPassLNG.com Fuel supply agreement strengthens reliability, lowers costs, and powers growth THE WOODLANDS, Texas – Entergy Texas reached a landmark transportation agreement with Kinder Morgan to secure natural gas supply, supporting the rapid industrial, commercial and residential growth in the region. The arrangement, which was developed in collaboration with Golden Pass LNG, is part of Kinder Morgan's $1.7 billion Trident Intrastate Pipeline project . The 216-mile project will transport Permian Basin and other natural gas supply at the Katy hub to the LNG and industrial corridor near Port Arthur, Texas–delivering additional diverse supply to growing and currently-constrained areas. “This strategic partnership demonstrates our commitment to del...

Helion Announces $425M Series F Investment to Scale Commercialized Fusion Power Round includes new investors, Lightspeed Venture Partners, SoftBank Vision Fund 2, and existing investors EVERETT, Wash. – January 28, 2025 – Helion , a fusion energy company, today announced a $425 million Series F investment round that will be used to scale commercialization efforts for the company’s groundbreaking fusion technology. The oversubscribed and upsized round had participation from new investors, including Lightspeed Venture Partners, SoftBank Vision Fund 2, and a major university endowment, and existing investors including Sam Altman, Mithril Capital, Capricorn Investment Group, Dustin Moskovitz through Good Ventures Foundation, and Nucor. This latest round of funding will bring the total invested in Helion to over $1 billion and values the company at $5.425 billion post-money. “We are on the brink of delivering a transformative energy solution that can meet the world’s increasing electricity ...

Liberation Labs Closes $50.5 Million Convertible Note Brings total deployable capital raised to date to $125 million and will enable completion of first biomanufacturing plant in Richmond, Indiana January 30, 2025 08:00 ET | Source: Liberation Labs RICHMOND, Ind., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Liberation Labs has closed a convertible note with $31.5 million in new capital, which, combined with $19 million of insider bridge notes raised during 2024, brings the total raised in its $75 million convertible note round to $50.5 million. The round included new capital from NEOM Investment Fund (NIF), Galloway Limited and Meach Cove Capital, as well as from existing funders, including Agronomics, New Agrarian Capital and Siddhi Capital. The new capital will enable the completion of construction of Liberation Labs’ first biomanufacturing plant in Richmond, Indiana. “The strong support from both existing and new investors is validation of our team, technology and go-to-market strategy,” sai...

Elk Range Royalties Expands Portfolio with Strategic Acquisition of Permian and Eagle Ford Mineral Assets January 29, 2025 04:18 PM Eastern Standard Time DALLAS--( BUSINESS WIRE )--Elk Range Royalties ("Elk Range") is pleased to announce its acquisition of Newton Financial Corporation, LP, Concord Oil Company, LP, and Mission Oil Company, (“Newton/Concord”) who collectively own a substantial mineral and royalty interest asset spanning the Permian and Eagle Ford basins. This strategic transaction expands Elk Range’s footprint across premier oil and gas producing regions in Texas. The acquisition includes approximately 13,500 net royalty acres (NRA) strategically positioned in the prolific Permian Basin (4,500 NRA) and Eagle Ford (3,000 NRA), with additional assets across Texas. The key operators across the asset include ExxonMobil, Apache, Diamondback, Occidental, ConocoPhillips, and Continental, who have spudded an average of 148 wells per year on the properties since 2021. T...

Manulife Investment Management Announces Close of $480 million Forest Climate Fund News provided by  Manulife Investment Management Jan 27, 2025, 09:23 ET BOSTON, Jan. 27, 2025 /PRNewswire/ - Manulife Investment Management, the leading timberland investment manager in the world, with more than five million acres under management, today announced the third and final close of Manulife Forest Climate Fund LP1,2 (the fund). Along with its affiliated offshore vehicles, the fund has closed with $480.1 million in commitments from a diverse mix of investors including qualified U.S. investors, corporates and global institutional investors interested in the opportunity to promote climate change mitigation through investment in sustainably managed forests where carbon sequestration is prioritized over timber production. "We are excited to announce this milestone for the Manulife Forest Climate Fund and have seen strong interest in the forest climate strategy from a broad base of global inves...

Hull Street Energy Acquires New York Power Plants from J-Power USA : BETHESDA, Md. and CHICAGO, Ill. , Jan. 30, 2025 /PRNewswire/ -- Hull Street Energy ("HSE") has acquired 100% of four New York thermal power plants from J-Power USA Generation, L.P. ("J-Power USA "). The portfolio includes Edgewood Energy, LLC, Shoreham Energy, LLC, Pinelawn Power LLC, and Equus Power I, L.P. Located on Long Island , the portfolio provides 300 megawatts of critical power generation to support New York customers. HSE owns approximately 2,590 megawatts of strategically located gas-fired and dual-fueled generation capacity operating as part of the Milepost Power fleet to provide meaningful grid reliability support to the decarbonizing United States grid. "We are excited to partner with our new team members to provide reliable power and capacity service to the Long Island market," said Edward Quinn , Chief Executive Officer of Milepost Power. Troutman Pepper ...

National Grid Renewables Announces Start of Operations at Two Solar Projects in Southern Minnesota : 45 MW Fillmore County Solar and 50 MW Louise Solar located in Fillmore and Mower Counties MINNEAPOLIS , Jan. 30, 2025 /PRNewswire/ -- Today, Minnesota -based National Grid Renewables announced the start of operations at its Fillmore County Solar ( Fillmore ) and Louise Solar (Louise) projects, located in Southern Minnesota within the Midcontinent Independent System Operator (MISO) market. Together, the Fillmore and Louise projects will deliver a combined 95 megawatts (MW) of clean, homegrown solar power. "Our roots began and remain planted in Minnesota , so it's meaningful to see these two projects come to life in our own backyard," said Blake Nixon , President and CEO of National Grid Renewables. "We've partnered with Xcel Energy for over a decade, and we're incredibly proud to be continuing our longstanding relationship with them to deliver...

Snowfox Discovery Secures Series-A Funding for Natural Hydrogen Expansion By Fuel Cells Works January 22, 2025 at 10:01 AM EDT Snowfox Discovery has closed the first tranche of its Series-A funding, led by bp Ventures and supported by Rio Tinto and Oxford Science Enterprises. The funds will enhance its natural hydrogen technology and expand its global operations, signaling growing industry interest in clean energy alternatives. Snowfox Discovery, a leader in the burgeoning field of natural hydrogen exploration, has successfully closed the first tranche of its Series-A funding. This strategic investment round was spearheaded by bp Ventures and included participation from other influential investors such as Rio Tinto and Oxford Science Enterprises. The capital injection highlights the increasing interest and confidence in natural hydrogen as a viable clean energy solution. The Promise of Natural Hydrogen Found naturally in subterranean layers, natural hydrogen presents a cleaner energy a...

Chestnut Carbon Inks Deal with Microsoft for Groundbreaking New Carbon Removal Project News provided by  Chestnut Carbon Jan 30, 2025, 09:30 ET Chestnut Carbon has entered a new long-term agreement with Microsoft to provide high-quality, nature-based carbon removal from its afforestation, reforestation, and revegetation (ARR) project in the Southern U.S. This agreement, one of the largest ARR offtakes in the U.S., spans 25 years and will deliver over 7 million tons of carbon removal credits. NEW YORK, Jan. 30, 2025 /PRNewswire/ -- Chestnut Carbon ("Chestnut"), a nature-based carbon removal developer, today announced a new long-term offtake agreement to provide Microsoft with high-quality, nature-based carbon removal derived entirely from Chestnut's ARR project located in the Southern United States, including Arkansas, Texas, and Louisiana. This agreement reflects one of the largest carbon removal projects in the U.S., inclusive of both nature-based and engineered solution...

Solugen CEO Appointed to Department of Commerce Advisory Committee on Advanced Technology : HOUSTON , Jan. 30, 2025 /PRNewswire/ -- Solugen CEO and Co-Founder, Gaurab Chakrabarti , has been appointed to the Visiting Committee on Advanced Technology (VCAT) of the National Institute of Standards and Technology (NIST), part of the U.S. Department of Commerce. This appointment highlights Solugen's commitment to advancing innovative, sustainable solutions while contributing to national initiatives on technological leadership and industrial progress. "NIST has been instrumental in advancing standards, fostering innovation, and strengthening U.S. industrial competitiveness for over a century," said Gaurab Chakrabarti . "In today's rapidly evolving global landscape, their work is vital to sustaining economic growth and industrial resilience. I'm honored to bring Solugen's perspective and support policies that drive innovation and bolster our nation...

TENEO LAUNCHES GLOBAL ENERGY AND INFRASTRUCTURE PRACTICE : Industry veterans Bob Zabors and Dan Gabaldon take on new senior leadership roles Appointment of former Siemens USA CEO Eric Spiegel and former International Gas Union President David Carroll as Senior Advisors Announces strategic partnership with the Cleantech Group, the leading source of energy & resource innovation insight for over two decades Firm to open a new office in Houston , Texas  NEW YORK , Jan. 30, 2025 /PRNewswire/ -- In recognition of its increasing role in the global economy and impact on its clients, Teneo, the global CEO advisory firm, is launching an Energy & Infrastructure practice to enhance the depth of its expertise in this sector. The new practice will bring the full suite of Teneo advisory capabilities, including strategy consulting, investor relations, government affairs, risk advisory, financial advisory and people-related issues – to companies across global energy and infr...

HNO International Secures $10 Million Hydrogen Offtake Agreement with Texas-Based Mobility Company : HOUSTON , Jan. 30, 2025 /PRNewswire/ --  HNO International (OTC: HNOI)  is excited to announce a hydrogen offtake agreement with a Texas -based company supporting zero-emission mobility. Under the agreement, HNO will supply hydrogen from its 1.25 MW Scalable Hydrogen Energy Platform (SHEP™ ) ,  which produces up to 500 kilograms of clean hydrogen daily . This hydrogen will power the customer's fleet of Class 8 hydrogen fuel cell vehicles (FCEVs), ensuring efficient and sustainable long-haul transportation. The agreement also integrates HNOI's Compact Hydrogen Refueling System (CHRS™ ) for refueling support. With room for expansion, HNOI is projecting to reach nearly $10 million in multi-year contracts as HNOI rapidly scales hydrogen production within the first year of operation. "This agreement highlights the growing demand for clean hydrogen fuel in heavy-dut...

Enphase Energy Expands in Southeast Asia with Market Entry in Vietnam and Malaysia : FREMONT, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced that it is expanding in Southeast Asia by entering the solar markets in Vietnam and Malaysia. Enphase is now shipping IQ8P™ Microinverters, with peak output AC power of 480 W, for residential and commercial applications in Vietnam and Malaysia to support newer high-powered solar modules. Enphase announced first shipments of IQ8P Microinverters in Thailand and the Philippines last year. IQ8™ Microinverters are designed to maximize energy production and can manage a continuous DC current of 14 amperes, supporting higher-powered solar modules through increased energy harvesting. The IQ8P Microinverters are the most powerful microinverters available to date from Enphase. T...

Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG : Baker Hughes to supply power island and liquefaction train systems, and signs multi-year services frame agreement to support phases 1 and 2 of Plaquemines LNG project As a strategic LNG solutions supplier, Baker Hughes to help Venture Global deliver 100+ MTPA of production capacity HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday that it has been awarded a major contract to provide a modularized liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the United States. In addition, Baker Hughes signed a multi-year services frame agreement, including maintenance, inspection, repairs and engineering services, to support phases 1 and 2 of VG’s Plaquemines LNG project in Louisiana. The equipment order and services agreement were both secured in the fourth quarter of 2024. “As power...

Standard Lithium, Equinor announce Smackover Lithium as new joint venture name : LEWISVILLE, Ark., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium”) (TSXV:SLI) (NYSE:A:SLI), a leading near-commercial lithium developer, and Equinor, a global energy leader, today announced Smackover Lithium as the new name for their joint venture developing direct lithium extraction (“DLE”) projects in Southwest Arkansas and East Texas. Smackover Lithium was announced yesterday at a community meeting in Lewisville, Arkansas, home of a planned field office and nearby the joint venture’s South West Arkansas (“SWA”) project. The SWA project, located in Lafayette and Columbia counties, is expected to be one of the world’s first commercial-scale DLE facilities. “Smackover Lithium is a natural fit for the joint venture given the Smackover formation’s prolific resource and our joint venture’s commitment to adding to the incredible legacy of American energy production from t...