Sunya

XGS Energy Secures Additional $13 Million to Accelerate Advanced Geothermal Deployment Aligned Climate Capital, ClearSky, ClimateIC, and WovenEarth Ventures join XGS Energy investors to accelerate development of XGS’s commercial project pipeline across the Western United States. Mar 26, 2025 11:00 AM Eastern Daylight Time HOUSTON--( BUSINESS WIRE )-- XGS Energy , a developer of next-generation geothermal power projects leveraging a proprietary water-independent technology, today announced that it has closed $13 million in new financing. The over-subscribed round included new investors Aligned Climate Capital , ClearSky , ClimateIC , and WovenEarth Ventures , in addition to inside investors. This financing builds on a round led by Constellation Technology Ventures , VoLo Earth Ventures , and Valo Ventures in 2024. “We are excited to welcome new investors who appreciate the requirements of power infrastructure and understand how our unique technology unlocks a massive global development...

EQT Infrastructure VI holds final close at its hard-cap, raising EUR 21.5 billion in total commitments News provided by  EQT Mar 28, 2025, 03:27 ET EQT Infrastructure VI raises EUR 21.5 billion in total commitments, including EUR 21.3 billion in fee-generating assets under management, exceeding the EUR 20 billion target and hitting hard-cap This represents a 35 percent increase on the Fund's predecessor, owing to strong support from both existing and new investors The Fund builds on EQT Value-Add Infrastructure's more than 15-year track record investing in infrastructure companies that provide essential services to society across Europe, North America and Asia Pacific STOCKHOLM, March 28, 2025 /PRNewswire/ -- EQT is pleased to announce the closing of its flagship infrastructure fund, EQT Infrastructure VI (the "Fund") on EUR 21.5 billion in total commitments, including EUR 21.3 billion in fee-generating assets under management. EQT Infrastructure VI received commitmen...

Avangrid True North Solar Farm Achieves Commercial Operation, Its Largest Solar Project To Date Facility to support Meta’s upcoming Temple data center, boost the local economy and tax base, and advance reliable energy leadership Project partners working with Avangrid on True North include ARRAY Technologies and Black & Veatch Mar 27, 2025 12:57 PM Eastern Daylight Time WACO, Texas--( BUSINESS WIRE )--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that its True North Solar project has achieved commercial operation. As Avangrid’s largest solar project to date, the 238 Megawatt-AC (MWac) (321 MWdc) project plays a dual role in responsibly powering U.S. data centers to ensure grid reliability and cementing Texas’s position as a leader in American energy production. True North is delivering electricity to the Texas Grid and supporting Meta’s operations, including its upcoming data center in neighboring Temple, its second data center facility ...

Stonepeak to Provide Equity Commitment to Longview Infrastructure Stonepeak and Longview to partner on U.S. electric transmission infrastructure projects Mar 24, 2025 8:35 AM Eastern Daylight Time ST. LOUIS & NEW YORK--( BUSINESS WIRE )--Longview Infrastructure (“Longview”), a newly formed electric transmission development and investment platform, today announced it has secured an equity commitment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately $72 billion in assets under management. Data center and electrification-driven growth in electricity demand, increasing adoption of renewable energy sources, and the need for grid reliability are driving significant new transmission investment to ensure communities have uninterrupted access to essential services. Together, Longview and Stonepeak will focus on originating, developing, constructing, and operating electric transmission infrastructure projects across the Un...

SCF Partners Invests in Phoenix Service Partners to Support Rapid Growth Mar 27, 2025 8:00 AM Eastern Daylight Time COLLEGE STATION, Texas--( BUSINESS WIRE )--SCF Partners (“SCF”) is pleased to announce its investment in Phoenix Service Partners (“Phoenix”), a service company specializing in high-horsepower, low-emission natural gas compression. The company’s next-generation equipment and operational technologies ensure industry-leading runtimes while reducing methane emissions by more than 50% compared to traditional compression fleets.Share Respected industry veterans Randy Dean (CEO) and Rick Childress (COO) founded Phoenix in 2024. The team previously built and led two of the industry’s most successful contract compression companies, CDM Resource Management and Pegasus Optimization Managers. The partnership with SCF provides capital and strategic support to build Phoenix into an industry leader. Phoenix delivers high-horsepower compression solutions to blue-chip customers, supporti...

Ethiopian Airlines, Africa’s Largest Carrier, and Archer Sign Agreement to Deploy Midnight Under the "Launch Edition" Program Mar 27, 2025 8:30 AM Eastern Daylight Time Archer announced today that it has signed an agreement outlining plans to deploy an initial fleet of Midnight aircraft to Africa’s largest carrier and Star Alliance member, Ethiopian Airlines, under Archer’s “Launch Edition” program valued at up to $30M. The companies will work together to over time build an air taxi network in the region, with Archer planning to provide Ethiopian Airlines with a team of pilots, technicians, and engineers to support the initial deployment of these early launch edition Midnight aircraft in Ethiopia. While the two companies will primarily focus on developing an air taxi network in the region, they will also explore other use cases, including eco-tourism. Archer announces that it has signed an agreement outlining plans to deploy an initial fleet of Midnight aircraft to Africa’s l...

Equinor acquires onshore wind farm in southern Sweden 21 March 202506:00(GMT-5) Equinor has acquired the operational 95 MW Lyngsåsa wind farm from SUSI Partners. The acquisition is in line with Equinor’s onshore renewables strategy of being a market driven power producer across select markets in Europe and the Americas. The wind farm generates around 300 GWh annually, which corresponds to approximately 10% of Equinor's renewable power production for 2024. The produced power will be sold in the southern Swedish spot market and increases Equinor’s merchant exposure with immediate operational cashflows. Through the transaction, Equinor takes 100% ownership of the special purpose vehicle company Lyngsåsa Kraft AB. BayWa r.e will continue its role as technical and commercial manager of the wind farm on behalf of Equinor. The transaction has been granted the necessary regulatory approvals and was closed on 19 March 2025. Facts The Lyngsåsa wind farm is located in Alvesta, southern Sweden...

GeoRedox Announces New Stimulated Geologic Hydrogen Approach and Strategic Partnership with Sage Geosystems : BOSTON, March 27, 2025 (GLOBE NEWSWIRE) -- GeoRedox Corporation (GeoRedox) announced today it's launching its Advanced Weathering Enhancement (AWE) technology to produce stimulated geologic hydrogen (SGH) at low-cost and at scale. Additionally, the company announced a new partnership with Sage Geosystems (Sage) to cooperate in the design, construction, and operation of an advanced field demonstration to produce SGH and to collaborate in future production projects. The partnership will include sharing of related technical expertise, data, and resources necessary for project planning and implementation. This effort builds on recent progress created by discoveries around the world of sizable deposits of geologic hydrogen that have accumulated in the earth’s crust through naturally occurring processes. Using advanced drilling and subsurface engineering techniques adapted from...

Inlyte Energy and HORIEN Announce Strategic Partnership to Scale Iron-Sodium Battery Manufacturing in the United States : SAN LEANDRO, Calif., March 27, 2025 /PRNewswire/ -- Inlyte Energy , a pioneering U.S.-based battery company, and HORIEN Salt Battery Solutions (formerly FZSoNick), the world's most established manufacturer of sodium metal chloride (SMC) batteries, have signed a Memorandum of Understanding to accelerate manufacturing scale-up of Inlyte's breakthrough iron-sodium battery technology. Combining HORIEN's 25+ years of manufacturing expertise and Inlyte's innovative, low-cost battery design will help accelerate the scale-up of Inlyte's first US factory, simplify its supply chain, and facilitate introduction of the iron-sodium battery to the market. "This partnership significantly accelerates our ability to deploy large-scale battery storage," said Antonio Baclig, CEO of Inlyte Energy. "By joining forces with HORIEN, we gain access to wor...

Norway: TotalEnergies and Partners Launch the 2nd phase of Northern Lights CCS Project Northern Lights will increase its CO2 storage capacity to more than 5 Mt per year Northern Lights signed a commercial agreement with Stockholm Exergi for transport and storage of 900 kt CO2/y, from 2028 First CO2 storage from Phase 1 of the project is expected this summer Mar 27, 2025 10:16 AM Eastern Daylight Time PARIS--( BUSINESS WIRE )--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners, Equinor and Shell, announce the Final Investment Decision (FID) of the second phase of the Northern Lights development, which will increase the project transport and storage capacity from 1.5 million to more than 5 million tons of CO2 per year from 2028. The first phase of Northern Lights is completed and ready to receive CO2 from industrial emitters. Operations are expected to start this summer, with the first CO2 transportation by ship from Heidelberg Materials’ cement factory in Brevik, Norway and...

Airbus showcases hydrogen aircraft technologies during its 2025 Airbus Summit 25 March 2025 Toulouse, 25 March 2025 – During the 2025 Airbus Summit, Airbus provided an update on its roadmap to pioneer the future of commercial aviation in the decades to come, outlining plans to prepare a next-generation single-aisle aircraft that could enter service in the second half of the 2030s, as well as its revised ZEROe project roadmap to mature the technologies associated with hydrogen-powered flight. At the Summit, Airbus reconfirmed its commitment to bring to market a commercially viable hydrogen aircraft and presented some of the key technology building blocks that will enable the advent of a fully electric, fuel-cell powered commercial aircraft – a pathway which stands out as the most promising, following years of research into hydrogen aviation. Airbus Head of Future Programmes Bruno Fichefeux says, “Hydrogen is at the heart of our commitment to decarbonise aviation. While we've adjus...

Pennybacker Expands Critical Infrastructure Portfolio with Acquisition of Baseline Energy Services News provided by  Pennybacker Mar 26, 2025, 11:38 ET AUSTIN, Texas, March 26, 2025 /PRNewswire/ -- Pennybacker Capital Management, LLC ("Pennybacker"), a real assets investment manager, today announced the acquisition of Baseline Energy Services, LP ("Baseline"), a provider of low-carbon, mobile distributed power generation solutions, to grow its fleet in the data center, industrial and energy sectors during a period of significant electrical load growth in the U.S. Founded in 2012, Baseline owns and operates ~210 MW of natural gas power generation assets across ~1,200 mobile units, providing cost-effective and reliable power solutions to a diverse set of customers including oil and gas, data centers, industrial manufacturing and utilities. Its low-carbon fleet is capable of operating on a variety of fuel sources, including natural gas, CNG/LNG, RNG, and propane, makin...

Northern Lights is expanding capacity through commercial agreement March 27, 2025 The expansion of Northern Lights will increase the transport and storage capacity from 1.5 million to a minimum of 5 million tonnes of CO2 per year, enabling further reduction and removal of European industrial CO2 emissions. The investment decision to expand capacity follows a commercial agreement with the Swedish energy provider, Stockholm Exergi, for cross-border transport and storage of up to 900,000 tonnes of biogenic CO2 annually. “The decision to expand our CO2 transport and storage services represents the next step in building a commercially viable CCS market in Europe. It confirms Northern Lights’ commitment to offer an effective solution for companies to reduce emissions. The investment decision is an important milestone for our company, our customers and industry partners, governments, and regulators. We have jointly been working hard to establish the CCS chain and make a real difference enabli...

TotalEnergies Publishes its Sustainability & Climate 2025 Progress Report and Further Strengthens Its Emissions Reduction Targets Mar 27, 2025 10:06 AM Eastern Daylight Time PARIS--( BUSINESS WIRE )--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) publishes today its Sustainability & Climate - 2025 Progress Report , which presents the progress of its transition strategy. This report completes the sustainability report that will be integrated into the Universal Registration Document in application of the CSRD1. TotalEnergies sees, in 2024, the rewards of its integrated and balanced multi-energy strategy This strategy, which combines profitable growth and sustainable development, is anchored on two pillars: oil & gas (notably LNG) and electricity (notably renewable), the energy at the heart of the transition. It proved its relevance once again this year: TotalEnergies was the most profitable Major for the third year in a row with a 14.8% ROACE2, while also being the Major that...

Captura Announces Sale of Carbon Removal Credits and Strategic Partnership With Mitsui O.S.K. Lines Captura is now selling carbon credits from its first commercial Direct Ocean Capture facilities, with Mitsui O.S.K. Lines signing the first large-volume offtake agreement for 30,000 tons Mitsui O.S.K. Lines has also invested in Captura through its venture capital arm, MOL Switch LLC, and entered a strategic partnership to explore deploying commercial Captura plants Mar 25, 2025 9:00 PM Eastern Daylight Time TOKYO & PASADENA, Calif.--( BUSINESS WIRE )-- Mitsui O.S.K. Lines (MOL) , a global shipping leader, has become the first company to sign a large-volume offtake agreement for the permanent removal of carbon dioxide (CO2) from the atmosphere using Captura ’s Direct Ocean Capture (DOC) technology. Under the agreement, MOL has purchased 30,000 carbon removal credits, to be delivered by one of Captura’s first commercial DOC facilities before the end of 2030. The commercial agreement wi...

GridPoint Raises $45M in Strategic Funding as it Plans International Expansion The climate tech fund managed by Marunouchi Innovation Partners caps GridPoint’s fundraising with a $20M strategic investment. RESTON, VA. – March 26, 2025 – GridPoint , a recognized leader in energy management technology that decarbonizes commercial buildings and unlocks excess grid capacity, announced the completion of $45M in investment, anchored by Marunouchi Innovation Partners (MIP), a climate tech fund sponsored by Mitsubishi Corporation. The $20M investment by MIP will accelerate GridPoint’s growth and open the door for international expansion into Japan and South Korea. Global power grids are straining under increasing pressure as the demand for electricity continues to accelerate due to the proliferation of data centers, the computing power required by AI and cloud services, and the onging adoption of intermittent renewable energy sources. Aging grid infrastructure and extreme weather events only e...