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Showing posts from August, 2025

Ormat Technologies Announces Strategic Commercial Agreement With Sage Geosystems Inc.

Ormat Technologies Announces Strategic Commercial Agreement With Sage Geosystems Inc. : RENO, Nev., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today has announced the signing of a strategic commercial agreement with Sage Geosystems Inc. (“Sage”), a pioneer in next-generation geothermal and energy storage technology. The agreement marks a significant milestone in Ormat’s pursuit of innovative and sustainable energy solutions. Under the terms of the agreement, Sage will pilot its advanced Pressure Geothermal technology to extract geothermal heat energy from hot dry rock at an existing Ormat power plant. This collaboration aims to significantly reduce the time needed to bring geothermal energy to market and is expected to enhance Ormat’s operational efficiency while accelerating the implementation of next-generation geothermal solutions. Following the successful completion of the pilot project, Orma...

Group14 Closes US$463M Series D Funding Round and Acquires 100% Ownership of BAM Factory in South Korea from SK, Inc.

Group14 Closes US$463M Series D Funding Round and Acquires 100% Ownership of BAM Factory in South Korea from SK, Inc. News provided by  Group14 Technologies 20 Aug, 2025, 19:02 CST SK leads Series D to accelerate the scale and global delivery of SCC55®. Group14 also acquires the 75% balance of the South Korea joint venture with SK, taking direct control over the manufacture of the company's silicon battery material in Asia. WOODINVILLE, Wash., Aug. 20, 2025 /PRNewswire/ -- Group14 Technologies today announced that it has closed a US$463M round led by SK, Inc., with strong participation of other existing investors, including Porsche Investments, ATL, OMERS, Decarbonization Partners, Lightrock Climate Impact Fund, Microsoft Climate Innovation Fund, and others. The funds will be used to continue scaling the manufacture of Group14's silicon battery material, SCC55, in the U.S. and South Korea, and help meet overwhelming demand amid surging requirements for energy storage worldwide...

GDEV Management Announces Over $200MM of Fund II Capital Commitments to Scale Distributed Energy Platforms Across North America

GDEV Management Announces Over $200MM of Fund II Capital Commitments to Scale Distributed Energy Platforms Across North America : NEW YORK, Aug. 27, 2025 (GLOBE NEWSWIRE) -- GDEV Management, LLC (“GDEV”), a leading middle-market specialist in distributed energy resources, today announced it has secured more than $200 million in capital commitments to its second flagship fund (“Fund II”). Limited Partners include a large Canadian pension plan and multiple U.S. insurance companies. GDEV’s Fund II represents a continued focus on the firm’s strategy of building and scaling distributed energy resource (DER) platforms into mature infrastructure businesses that, in turn, deploy and operate long-term, high-value assets. Its portfolio, which has brought over 330 MW of new energy generation and 260 MWh of energy storage capacity online across North America, has largely been deployed behind the meter. Often linked to retail prices, these assets circumvent the need for lengthy permittin...

Green Plains Enters into Agreement to Sell Obion, Tennessee Plant to POET

Green Plains Enters into Agreement to Sell Obion, Tennessee Plant to POET Aug 27, 2025 4:15 PM Eastern Daylight Time Strategic Review Concluded; Proceeds from Sale to Fully Retire Junior Mezzanine Notes OMAHA, Neb.--( BUSINESS WIRE )--Green Plains Inc. (NASDAQ:GPRE) today announced that it has entered into an asset purchase agreement with POET to sell its Rives, Tennessee based ethanol plant for $190 million in cash, inclusive of an estimated $20 million of working capital, to be adjusted at closing. Proceeds from the sale will be utilized to retire the junior mezzanine debt due in 2026 and enhance liquidity. The transaction is anticipated to close during the third quarter of 2025, subject to customary closing conditions, regulatory approvals and contains standard representations, warranties, and indemnification obligations. “The sale of our Obion facility reflects our continued commitment to unlocking value for shareholders and strengthening our balance sheet,” said Chris Osowski, Ch...

Commonwealth Fusion Systems Raises $863 Million Series B2 Round to Accelerate the Commercialization of Fusion Energy

Commonwealth Fusion Systems Raises $863 Million Series B2 Round to Accelerate the Commercialization of Fusion Energy News provided by  Commonwealth Fusion Systems Aug 28, 2025, 06:00 ET This round of capital is the largest raised among deep tech and energy companies since CFS' $1.8 billion Series B round in 2021. The almost $3 billion that CFS has raised to date is about one-third of the total capital invested in private fusion companies worldwide, solidifying its leadership of the fusion industry. In recognition of the new category of energy technology that the company is creating, CFS expanded its global footprint by adding international investors from a widening range of sectors — from long-established fundamental investors, technology and industrial companies such as Counterpoint Global (Morgan Stanley) and Google, to hedge funds and leading individual investors such as Stanley Druckenmiller. DEVENS, Mass., Aug. 28, 2025 /PRNewswire/ -- Commonwealth Fusion Systems (CFS), the la...

Terraton Raises $11.5M to Scale Biochar Carbon Removal in Emerging Markets

Terraton Raises $11.5M to Scale Biochar Carbon Removal in Emerging Markets Integrated software, hardware and financing solution building two biochar facilities in Ghana and Kenya, turning agricultural waste into carbon revenue for thousands of farmers August 27, 2025 10:30 AM EDT SAN FRANCISCO, CA -- Terraton , a full-stack biochar platform scaling carbon dioxide removal (CDR) in emerging markets, today announced it has raised $11.5 million in seed funding. The round was co-led by Lowercarbon Capital and Gigascale Capital. Participation from leading angel investors included Jeff Dean, Bret Taylor, Pete Koomen, Lars Rasmussen, John Lilly, Tom Stocky, Tim Rann, Ryan Aytay, Matt Portman and Stephanie Hannon. Additional strategic investment came from ANA HOLDINGS INC.'s ANA Future Frontier Fund L.P. and East Japan Railway Company's TAKANAWA GATEWAY Global Co-Benefits Fund L.P. (the general partner of both funds is Global Brain Corporation, a Japanese venture capital firm). The fund...

Prairie Operating Co. Announces Closing of Two Strategic Bolt-On Acquisitions

Prairie Operating Co. Announces Closing of Two Strategic Bolt-On Acquisitions Off-market, non-dilutive transactions add approximately 16,000 net acres and significant inventory August 28, 2025 08:00 ET | Source: Prairie Operating Co. Houston, TX, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company,” “Prairie,” “we,” “our,” or “us”) – an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids (“NGL”) resources in the Denver-Julesburg (DJ) Basin – today announced the closing of two previously announced bolt-on acquisitions, further strengthening the Company’s high-quality, oil-weighted asset base. The acquisitions together add approximately 16,000 net acres and significant new inventory, including permitted locations. They were sourced off-market, funded with existing working capital and are expected to be immediately accretive. “When we outlined our strategy earlier this year, we emphasized disci...

HARVEST MIDSTREAM ACCELERATES EXPANSION WITH $1 BILLION ACQUISITION OF MPLX UINTA AND GREEN RIVER BASIN GAS GATHERING & PROCESSING ASSETS

HARVEST MIDSTREAM ACCELERATES EXPANSION WITH $1 BILLION ACQUISITION OF MPLX UINTA AND GREEN RIVER BASIN GAS GATHERING & PROCESSING ASSETS News provided by  Harvest Midstream Aug 27, 2025, 07:01 ET HOUSTON, Aug. 27, 2025 /PRNewswire/ -- Harvest Midstream ("Harvest") today announced the signing of a purchase and sale agreement with MPLX LP (NYSE: MPLX ) for the acquisition of an extensive natural gas gathering and processing network in the Uinta and Green River basins across Wyoming, Utah, and Colorado for $1 billion. The transaction is expected to close in the fourth quarter of 2025 and marks a significant milestone in Harvest's continued evolution into one of the nation's leading privately held midstream companies. "This acquisition is the beginning of the next chapter of Harvest's ambitious and disciplined growth story," said Jason C. Rebrook, CEO. "We are executing on a long-term vision to build a scaled, resilient midstream network capable of...

Blackstone Credit & Insurance and Aligned Data Centers Expand Financing Partnership, Surpassing $1 Billion in Commitments

Blackstone Credit & Insurance and Aligned Data Centers Expand Financing Partnership, Surpassing $1 Billion in Commitments NEW YORK, NY and DALLAS, TX – AUGUST 21, 2025 – Blackstone Credit & Insurance (“BXCI”) and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale, AI/HPC, and enterprise customers, today announced the successful upsize of their existing senior secured credit facility to fund Aligned’s continued growth and accelerate its portfolio strategy. The upsize brings BXCI commitments to Aligned to over $1 billion and is committed entirely by accounts managed by BXCI’s Infrastructure & Asset Based Credit Group. The expanded financing partnership supports Aligned’s rapid growth and accelerates the development of the company’s planned 5+ GW of future capacity across the Americas. The investment also positions Aligned to better meet surging...

Sempra Infrastructure and EQT Announce Long-Term LNG Supply Agreement from Port Arthur LNG Phase 2

Sempra Infrastructure and EQT Announce Long-Term LNG Supply Agreement from Port Arthur LNG Phase 2 News provided by  EQT Corporation Aug 27, 2025, 08:00 ET HOUSTON and PITTSBURGH, Aug. 27, 2025 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE ), and EQT Corporation (NYSE: EQT ) today announced a 20-year definitive sales and purchase agreement (SPA) for the supply of 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas. Pursuant to the SPA, EQT will purchase the LNG on a free-on-board basis at a price indexed to Henry Hub. "Advancing the Port Arthur LNG Phase 2 project with EQT reflects our mutual commitment to helping ensure U.S. natural gas projects continue to support local economic development and provide global markets with a stable, long-term supply of LNG," said Justin Bird, CEO of Sempra Infrastructure. "This development project can help fo...

Frontier buyers sign $31M deal with Planetary to advance ocean alkalinity enhancement

Frontier buyers sign $31M deal with Planetary to advance ocean alkalinity enhancement August 26, 2025 Ocean alkalinity enhancement (OAE) could remove billions of tons of CO₂ annually at a price of ~$50-160/ton, emerging as one of the fastest and most affordable carbon removal solutions. Planetary’s measurement, reporting, and verification (MRV) and safety protocols make them the ideal team to responsibly deliver on a field-first OAE offtake of this scale. OAE also helps reverse ocean acidification locally, benefiting coastal marine ecosystems. Frontier has facilitated offtake agreements with Planetary, a company that removes atmospheric CO₂ and reduces local ocean acidity by adding dissolved alkaline minerals to seawater. With this deal, Planetary is expanding on the pilot project that recently delivered the world’s first verified OAE tons , and initiating the next phase of operation with deliveries starting in 2026. Frontier buyers will pay Planetary $31.3 million to remove 115,211 t...

TRC acquires Strategic Energy Group, a Leader in Energy Management

TRC acquires Strategic Energy Group, a Leader in Energy Management : Strategic Energy Group expands TRC's energy efficiency capabilities across utilities, and commercial and industrial businesses WINDSOR, Conn. , Aug. 26, 2025 /PRNewswire/ --  TRC Companies, Inc.  (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the energy transition, has acquired Strategic Energy Group (SEG), an expert in delivering strategic energy management (SEM). SEG helps utilities and businesses achieve lasting energy savings and operational excellence through data-driven strategies and continuous improvement. The company's SEM program embeds energy efficiency into every level of an organization through proven continuous improvement methodologies. "Strategic Energy Group empowers utilities and businesses to capitalize on energy efficiency as a source of competitive advantage," said Christopher V...

mPower Technology Secures Strategic Investment from Lockheed Martin Ventures

mPower Technology Secures Strategic Investment from Lockheed Martin Ventures : Series B expansion will fuel growth of leading space solar tech with proven on-orbit performance ALBUQUERQUE, N.M. , Aug. 26, 2025 /PRNewswire/ --   mPower Technology, Inc. , the leader in flexible solar power for space, today announced a strategic investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation. The investment is an add-on to mPower's recent Series B funding round, bringing total Series B funding to over $24 million . This capital will further accelerate mPower's ability to scale production of its DragonSCALES™ solar modules. DragonSCALES provides an industry-leading flexible, resilient, and cost-effective solution for solar power in space, enabling new design possibilities for space missions. "We are honored to welcome Lockheed Martin Ventures as a strategic investor," said Kevin Hell, president and CEO of mPower Technology. "Lock...

Splight Raises $12.4M to Expand Transmission Capacity with Machine Learning Amid Surging Demand from Data Centers and Utilities

Splight Raises $12.4M to Expand Transmission Capacity with Machine Learning Amid Surging Demand from Data Centers and Utilities : With over 3 gigawatts of grid assets already under management, Splight aims to use the fresh capital to accelerate the deployment of Dynamic Congestion Management™ on grid systems across U.S. and Europe SAN FRANCISCO , Aug. 26, 2025 /PRNewswire/ --  Splight , a U.S.-based grid technology company deploying machine-learning solutions that unlock capacity on congested electric grids, today announced a $12.4 million SAFE funding round led by Blue Bear Capital, with participation from ZOMA Capital. The funding will support Splight's continued expansion in North America and Europe , with a focus on scaling both its commercial and technical teams at a time of unprecedented growth in demand for power from electric grids across the globe. "Our technology solves one of the most urgent problems facing the grid today: how to deliver more electricit...

Baker Hughes Awarded Long-Term Service Agreement by bp for Tangguh LNG Operations, Supporting Indonesia's Energy Future

Baker Hughes Awarded Long-Term Service Agreement by bp for Tangguh LNG Operations, Supporting Indonesia's Energy Future : Ninety-month agreement covers critical parts, services and technical support for turbomachinery equipment Agreement underscores Baker Hughes' commitment to supporting safe and reliable LNG production in Asia-Pacific region HOUSTON and LONDON, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Tuesday a long-term service agreement award from bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia. This comprehensive 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines, and compressors for three LNG trains, helping to ensure its continued reliable operation. The agreement underscores Baker Hughes' role as a solutions provider. The agreement...