Sunya

Last Energy Announces Plan to Deploy 30 Microreactors in Texas Company Has Obtained 200+ Acre Site, Filed For ERCOT Grid Connection In Response To Growing Data Center Demand February 28, 2025 Washington, D.C. — Last Energy , a micro-nuclear technology developer, announced today plans to build 30 microreactors in Haskell County, Texas to serve American data center customers across the state. The company, which has obtained site control, will build its microreactors on a 200 acre site and provide power to offtakers via a mix of private wire and grid transmission. The company has already filed for a grid connection with the Electric Reliability Council of Texas (ERCOT) and, following briefings with local stakeholders, is preparing to file for an Early Site Permit (ESP) with the U.S. Nuclear Regulatory Commission (NRC). Today’s announcement included a statement from Texas Governor Greg Abbott: “Texas is the energy capital of America, and we are working to be No. 1 in advanced nuclear powe...

OPAL Fuels Secures Development Rights on Four New RNG Production Facilities The four new projects would represent 1.5 million MMBtu of aggregate annual design capacity for OPAL Fuels February 27, 2025 08:00 AM Eastern Standard Time WHITE PLAINS, N.Y.--( BUSINESS WIRE )-- OPAL Fuels Inc. (Nasdaq: OPAL) announced today it has entered into joint venture partnerships to develop four new landfill RNG production projects. OPAL’s 50% share of the four projects represents 1.5 million MMBtu of aggregate annual design capacity. The company is in the process of conducting development and engineering work on the sites and anticipates beginning construction over the course of 2025. When fully operational, the total output from these facilities would be approximately 20 million GGE annually. “We are very excited about adding these four new projects to our RNG portfolio,” said Jonathan Maurer, Co-CEO of OPAL Fuels. “As we continue to scale our operations and expand our pipeline of landfill gas proje...

Frontier buyers sign first electrochemical DAC deal with Phlair February 27, 2025 Frontier buyers will pay Phlair $30.6 million to remove 47,000 tons of CO₂ between 2027 and 2030. Phlair will be one of the first DAC companies to deploy with dedicated on-site solar panels. Frontier has facilitated offtake agreements with Phlair, a company developing an electrochemical approach to direct air capture (DAC) that’s energy efficient and designed to work with intermittent renewable energy sources like solar. Frontier buyers will pay Phlair $30.6 million to remove 47,000 tons of CO₂ between 2027 and 2030. This offtake will support Phlair’s first commercial-scale DAC facility in Alberta, Canada. Frontier buyers were Phlair’s first customers in September 2023 through a small prepurchase of 275 tons and are now the company’s first offtakers. Since that first purchase, Phlair has progressed from a lab-scale system to its first outdoor pilot, hired a stellar team, and secured CO₂ storage and energ...

Slant Energy III Receives Equity Commitment From Pearl Energy Investments February 25, 2025 08:30 AM Eastern Standard Time LAFAYETTE, La.--( BUSINESS WIRE )-- Slant Energy III, LLC (“Slant III”), a newly formed upstream oil and gas exploration and production company, announced today it has secured an equity commitment from Dallas-based private equity firm, Pearl Energy Investments (“Pearl”). Headquartered in Lafayette, Louisiana, Slant III will pursue acquisition and development opportunities focused primarily in the Permian Basin region of West Texas and New Mexico. Slant III was co-founded by Stewart Stover and Jeff Etienne. Prior to Slant III, Stewart, Jeff, and existing Slant management have demonstrated a successful track record acquiring, optimizing, and developing upstream assets in various onshore basins. “We are appreciative of the ongoing support from Pearl and are excited for the opportunity to execute our business plan in a dynamic energy landscape,” said Slant III Chief ...

Clearloop Announces Multi-Year Agreement with Microsoft to Accelerate Grid Decarbonization with Portfolio of Community-Focused Solar Projects February 25, 2025 09:00 AM Eastern Standard Time NASHVILLE, Tenn.--( BUSINESS WIRE )--Today, Clearloop , the carbon solutions platform for Silicon Ranch that partners with companies of all sizes to help slash their carbon footprint, decarbonize the grid, and support American communities, announced a new multi-year agreement with Microsoft to deploy up to 100 megawatts (MWAC) of renewable energy projects over the next three years in historically underinvested communities. The new agreement accelerates decarbonization and drives capital investment in approximately 20 socioeconomically diverse American communities. Working with environmental tech nonprofit WattTime , Clearloop was an early pioneer of using emissions factors to identify strategic points on the grid where new solar generation can displace as much carbon as possible. Based on the loc...

Blackstone Announces $5.6 Billion Final Close for Blackstone Energy Transition Partners IV at Hard Cap February 26, 2025 New York – February 26, 2025 – Blackstone (NYSE: BX) today announced the final close for its energy-transition-focused private equity fund, Blackstone Energy Transition Partners IV (“BETP IV”). BETP IV closed at its hard cap of $5.6 billion and is approximately 33% larger than its predecessor vehicle. Blackstone Energy Transition Partners (“BETP”) is Blackstone’s energy-focused private equity business, which seeks to help energy companies build enterprises at scale that can deliver cleaner, more reliable and more affordable energy to meet global needs. BETP has been recognized as Private Equity International’s Energy Private Equity Firm of the Year for an unprecedented three years in a row (2021-2023) and was awarded IJ Investor’s Market Innovation of the Year award for North America in 2024 (for transactions occurring in calendar year 2023). David Foley, Global Hea...

Major SLB Capturi’s carbon capture plant components installed at Ørsted Kalundborg CO2 Hub Published: 02/26/2025 Completed installation of key components marks a crucial step towards operationalizing Denmark's pioneering CO2 capture facility SLB Capturi has completed an important project milestone supporting Ørsted Kalundborg CO2 Hub and the realisation of Denmark's first carbon capture and storage project (CSS). The installation of five sets of absorbers, desorbers, and direct contact coolers, which together constitute the key components of the SLB Capturi’s Just CatchTM standardized, modular carbon capture plant. Three of the five sets have been lifted into place at Asnæs Power Station, and two sets at Avedøre Power Station. "By establishing a full CCS value chain, the Ørsted Kalundborg CO2 Hub marks the beginning of the Danish CCS adventure. Therefore, I’m proud to see the construction taking shape, as the key components are lifted into place. It’s a key milestone that ...

KKR To Make Further Investment In Enilive February 18, 2025 London, 18th February 2025 – KKR, a leading global investment firm, today announces that KKR has signed an agreement to acquire an additional 5% stake in Enilive from Eni for a consideration of €587.5 million, taking its total holding in Enilive to 30%. Enilive is Eni’s mobility transformation company, dedicated to biorefining, biomethane production, smart mobility solutions, and providing services to support people on the move. The additional investment follows KKR’s initial acquisition of a 25% stake in Enilive announced in October 2024, and demonstrates KKR’s commitment to the business and its growth potential as a leader in the energy transition, providing progressively decarbonized services and products in support of sustainability-driven mobility. Marco Fontana, Managing Director in KKR’s European Infrastructure team, said: “Having first signed our investment in Enilive in October last year, this transaction reiterates o...

VerAI Discoveries Secures $24 Million in Series B Funding Led by Insight Partners to Grow Its Global Asset Portfolio of AI-Based Mineral Discoveries : BOSTON, Feb. 26, 2025 /PRNewswire/ -- VerAI Discoveries ( VerAI ), a pioneering AI-driven mineral asset company, is pleased to announce a $24 million first closing of its Series B round. The investment was led by Insight Partners, a global software investor specializing in high-growth technology and software investments, with continued support from existing investors Blumberg Capital , Chrysalix Venture Capital , and Orion Industrial Ventures . The new capital will help accelerate the testing and economic development of VerAI's 60+ mineral projects with its exploration and development partners, while expanding the company's portfolio and continuing to refine and advance its platform. "This is a pivotal moment for VerAI," said Yair Frastai, CEO and Co-Founder of VerAI Discoveries. "This new round of funding endorses...

Civitas Resources Provides 2025 Outlook Focused on Free Cash Flow and Debt Reduction Successful land optimization initiatives and bolt-on acquisition expand high–quality development inventory February 24, 2025 04:18 PM Eastern Standard Time DENVER--( BUSINESS WIRE )--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced its 2025 outlook, including a new debt reduction goal for the year, as well as an enhanced asset portfolio and a recent bolt-on transaction in the Permian Basin. Civitas President and CEO Chris Doyle said, “Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in the Permian Basin and our strong track record of execution in the DJ Basin. We are maintaining a disciplined posture in 2025 in the face of market volatility, sustaining year-on-year activity levels, better level-loading investments through the year, and allocating more of our free ...

Ring Energy Announces Accretive Bolt-On Acquisition February 26, 2025 06:45 ET | Source: Ring Energy, Inc. ~ Capturing Synergies and Expanding Central Basin Platform Operations ~ ~ Announces Timing of Q4 and FY 2024 Earnings Release and Conference Call ~ THE WOODLANDS, Texas, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has entered into an agreement to acquire the Central Basin Platform (“CBP”) assets of Lime Rock Resources IV, LP (“Lime Rock”) for $100 million, subject to customary closing adjustments. The purchase price is comprised of $80 million of upfront cash consideration, a $10 million deferred cash payment due nine months after closing, and up to 7.4 million shares of Ring common stock. The transaction has an effective date of October 1, 2024, and is expected to close by the end of the first quarter of 2025. Lime Rock’s CBP acreage is in Andrews County, Texas, where the majority of the acreage directly o...

Growing shareholder value: a reset bp 26 February 2025 A reset bp bp today introduced a fundamentally reset strategy, with significant capital reallocation, and plans to drive improved performance, aimed at growing free cash flow, returns and long-term shareholder value. Strategy fundamentally reset: reducing and reallocating capital expenditure, significantly reducing costs and driving improved performance - to grow cash flow and returns - supporting a stronger balance sheet and resilient distributions. Growing upstream: increasing oil & gas investment to ~$10bn p.a.; strengthening portfolio; growing production to 2.3–2.5mmboed in 2030; additional ~$2bn operating cash flow in 2027. Focusing downstream: reshaping portfolio to drive growth; high-grading and focusing on advantaged and integrated positions; announced strategic review of Castrol; driving improved performance; additional $3.5–4bn operating cash flow in 2027. Disciplined investment in the transition: selective investment...

SMT Energy Secures US$135 Million for 320 MWH Battery in Houston : The battery energy storage project is expected to start commercial operation in Q2 2026 BOULDER, Colo., Feb. 26, 2025 /PRNewswire/ -- SMT Energy has secured funding for a 160 MW / 320 MWH battery energy storage facility in Houston, TX known as SMT Houston IV. As part of the capital stack, Macquarie Group ("Macquarie") and KeyBanc Capital Markets ("KeyBanc") were joint lead arrangers in a US$100 million project financing facility. Macquarie's Commodities and Global Markets business also provided a preferred equity investment and are mandated to sell the project's investment tax credits of approximately US$62 million. KeyBanc also acted as financial advisor to SMT on the financing. Equipment for the project is being obtained by FlexGen Power Systems ("FlexGen"), one of the premier battery energy storage integrators in the US. "This was no small feat. SMT is grateful to the teams...

Chestnut Carbon Announces First Issuance of Credits from Forest Conservation Membership Program News provided by  Chestnut Carbon Feb 26, 2025, 07:00 ET Chestnut Carbon has issued and sold more than 64,000 tons of Improved Forest Management (IFM) carbon removal credits totaling $2.2 million to global financial services companies. NEW YORK, Feb. 26, 2025 /PRNewswire/ -- Chestnut Carbon ("Chestnut"), a leading developer of nature-based carbon removal solutions, announced today that they have completed the first issuance and sale of Improved Forest Management (IFM) credits sourced from their conservation membership program branded as Forest Carbon Works. The issuance of more than 64,000 credits, or tons of carbon removal, were sold to multiple corporate buyers, including JPMorganChase. These transactions totaled $2.2 million. Chestnut's U.S.-based IFM membership program, Forest Carbon Works, provides an opportunity for private forest owners to access income-generating carbon...

CarbonQuest Secures $20 Million in Funding to Scale Carbon Capture Deployment New investments from Aligned Climate Capital and Energy Capital Ventures® underscore strong demand for carbon capture in a broad range of market segments February 26, 2025 09:00 AM Eastern Standard Time SPOKANE, Wash.--( BUSINESS WIRE )-- CarbonQuest , a leading distributed carbon capture technology provider, announced that it closed its $20 million funding round, led by Riverbend Energy Group , with additional funding from two institutional investors. The company built on its 2024 fundraise , securing new capital from Energy Capital Ventures (ECV) and Aligned Climate Capital to add to the capital raised with Riverbend Energy Group. CarbonQuest will leverage this funding to deploy its Distributed Carbon Capture™ technology to a broader range of customers across North America and hire industry-leading talent. This new funding will help CarbonQuest achieve the lowest $/ton in the carbon capture industry and i...