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Showing posts from December, 2025

Nuclear Company Deep Fission Announces Site for Department of Energy Pilot at Great Plains Industrial Park in Kansas

Nuclear Company Deep Fission Announces Site for Department of Energy Pilot at Great Plains Industrial Park in Kansas Dec 4, 2025 7:00 AM Eastern Standard Time -- Company plans to pursue a full-scale commercial project at the site following successful test reactor demonstration -- BERKELEY, Calif.--( BUSINESS WIRE )-- Deep Fission , Inc. (“Deep Fission” or the “Company”), a pioneering advanced nuclear energy company placing small modular pressurized water reactors in boreholes one mile underground, announced today that it has selected the Great Plains Industrial Park in Parsons, Kansas, as the site of its advanced reactor pilot project. Deep Fission will hold a groundbreaking ceremony on Tuesday, December 9, 2025, marking a significant milestone in the Company’s first demonstration of the Gravity Nuclear Reactor. Deep Fission is participating in the U.S. Department of Energy’s (DOE) Reactor Pilot Program , an initiative designed to accelerate the deployment of advanced nuclear technolo...

Oxzo Announces US$25M Strategic Investment from S2G to Fuel International Expansion

Oxzo Announces US$25M Strategic Investment from S2G to Fuel International Expansion Dec 4, 2025 8:00 AM Eastern Standard Time S2G Investments plays a global role in advancing a prosperous and resilient blue economy by investing in solutions that enable climate adaptation, thriving aquatic ecosystems, and human health. Oxzo, a leading firm specializing in oxygenation and primarily operating in Chile, Norway, and Canada, develops technologies that enhance productivity, animal welfare, and the overall sustainability of aquaculture. SANTIAGO, Chile--( BUSINESS WIRE )--Oxzo, a global leader in oxygenation services for aquaculture, today announced a US$25 million strategic investment led by S2G Investments (“S2G”), a multi-stage investment firm focused on scaling solutions across the energy, food & agriculture, and oceans sectors. This partnership builds on previously secured investments from Fiordo Austral and Altis, marking an important step in Oxzo’s growth and positioning the compan...

Addis Energy Secures $8.3M to Scale its Transformative Approach to Low-Cost Ammonia Production

Addis Energy Secures $8.3M to Scale its Transformative Approach to Low-Cost Ammonia Production Dec 4, 2025 9:00 AM Eastern Standard Time The company is producing cost-advantaged ammonia from locations without abundant natural gas supply as it prepares for its first field pilot. CAMBRIDGE, Mass.--( BUSINESS WIRE )-- Addis Energy , a company harnessing the Earth’s potential for affordable, abundant ammonia production, today announced it has raised $8.3 million in an oversubscribed seed round, bringing the company’s total funding to date to $17.3 million. The round was led by At One Ventures , with existing investors Engine Ventures and Pillar VC also participating. Addis Energy will use the fresh capital to further advance its AI-aided laboratory of chemical reactors that simulate subsurface conditions to produce ammonia at a cost advantage versus Haber-Bosch through a net energy-positive process. The company will also use the capital to expand its operations team and prepare for its ...

Glenfarne, POSCO International Corporation Finalize Alaska LNG Strategic Alaska LNG Partnership and Project’s First HOA

Glenfarne, POSCO International Corporation Finalize Alaska LNG Strategic Alaska LNG Partnership and Project’s First HOA Dec 4, 2025 9:00 AM Eastern Standard Time WASHINGTON--( BUSINESS WIRE )--Glenfarne Alaska LNG, LLC (“Glenfarne”) and POSCO International Corporation have announced the companies signed definitive agreements finalizing the formation of a strategic partnership for the development of the Alaska LNG Project, the only federally authorized LNG export project on the U.S. Pacific Coast. Glenfarne Chief Executive Officer and Founder Brendan Duval and POSCO International Corporation Chief Executive Officer KyeIn Lee commemorated the agreement in a ceremony attended by Secretary of the Interior and National Energy Dominance Council Chairman Doug Burgum and Secretary of Energy and National Energy Dominance Council Vice Chairman Chris Wright at the Department of Energy in Washington, D.C. on December 1. The strategic partnership includes:A significant portion of the steel require...

Louisiana Community Development Authority Authorizes up to $402 Million in Revenue Bonds for Southern Energy Renewables’ Louisiana Fuel Project

Louisiana Community Development Authority Authorizes up to $402 Million in Revenue Bonds for Southern Energy Renewables’ Louisiana Fuel Project Dec 4, 2025 10:03 AM Eastern Standard Time Step strengthens Louisiana’s role in U.S. energy leadership and advances project finance process for biomass‑to‑fuel facility SACRAMENTO, Calif. & NEW ORLEANS--( BUSINESS WIRE )--DevvStream Corp. (Nasdaq: DEVS) (“DevvStream”), a leading carbon management and environmental-asset monetization firm, and Southern Energy Renewables Inc. (“Southern”), a U.S.-based producer of low-cost fuels made from biomass, with a flagship Louisiana project that plans to utilize regional wood-waste biomass to deliver green methanol and carbon-negative sustainable aviation fuel (“SAF”) at scale, today announced that the Louisiana Community Development Authority (“LCDA”) has approved a resolution authorizing the issuance, subject to further approvals, of up to $402 million of Louisiana Local Government Environmental Fac...

Pantheon Regeneration Announces Investment from Microsoft’s Climate Innovation Fund to Scale High-Integrity Nature-Based Carbon Removal

Pantheon Regeneration Announces Investment from Microsoft’s Climate Innovation Fund to Scale High-Integrity Nature-Based Carbon Removal December 3, 2025 5:46 PM EDT (EZ Newswire) Source: Pantheon Regeneration (EZ Newswire) BOULDER, CO -- Pantheon Regeneration is pleased to announce a strategic investment from Microsoft’s Climate Innovation Fund to accelerate and scale development of its ecological restoration projects. Pantheon’s first project, Pocosin Ecological Reserve I, is one of the first commercial peatland restoration projects in the U.S. Peatlands are among the most carbon-dense ecosystems on Earth, making their restoration one of the highest-impact nature-based climate solutions. Pantheon’s approach to peatland restoration is capable of quickly removing CO2 from the atmosphere and delivering significant credit volumes, while regenerating vital wetland ecosystems that have been nature’s unsung climate hero for thousands of years. Pantheon is a science-led peatland project devel...

Riley Permian Announces Sale of New Mexico Midstream Project

Riley Permian Announces Sale of New Mexico Midstream Project : OKLAHOMA CITY , Dec. 4, 2025 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian") today announced that its wholly-owned subsidiary, Riley Exploration - Permian, LLC, ("REP LLC", together with Riley Permian, hereinafter referred to as the "Company"), entered into a purchase and sale agreement (the "Purchase Agreement") with Targa Northern Delaware LLC ("Buyer" or "Targa"), pursuant to which the Company sold to Buyer all of the membership interests in Dovetail Midstream, LLC ("Dovetail"), a wholly-owned subsidiary of the Company for an aggregate cash purchase price of approximately $111 million, subject to customary purchase price adjustments. Dovetail's assets primarily consist of natural gas gathering infrastructure serving production in Eddy County, New Mexico. Closing proceeds from the transaction will be...

Advantage Capital and Origis Energy Announce $265 Million Tax Equity Commitment Supporting Renewable Energy Projects Across the Southeast

Advantage Capital and Origis Energy Announce $265 Million Tax Equity Commitment Supporting Renewable Energy Projects Across the Southeast Dec 4, 2025 8:00 AM Eastern Standard Time NEW YORK--( BUSINESS WIRE )--Advantage Capital, a leading impact investment firm, and Origis Energy, one of the United States’ leading renewable energy platforms, announced today the closing of a $265 million tax equity commitment supporting three utility-scale solar projects. The portfolio—sited in Florida and Alabama— underscores both firms’ shared focus on advancing the energy infrastructure build-out in the U.S. while driving economic growth in rural communities. Together, we’re advancing scalable energy solutions that strengthen regional energy infrastructure and accelerate the transition toward a more sustainable future.Share In Levy County, Florida, Advantage Capital provided a $65 million commitment for Whistling Duck, a 96 MWdc solar project owned and operated by Origis Energy. The project is under ...

Zanskar Reveals ‘Big Blind’ - The Discovery of the First Blind Geothermal System in the U.S. by Industry in Over 30 Years

Zanskar Reveals ‘Big Blind’ - The Discovery of the First Blind Geothermal System in the U.S. by Industry in Over 30 Years : SALT LAKE CITY, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Zanskar, the largest geothermal exploration company in the U.S., today announced the discovery of ‘Big Blind,’ the first blind geothermal system identified and confirmed to be commercial in the U.S. by the industry in over 30 years. Located in western Nevada, the site possesses no geothermal manifestations at the surface, and no history of geothermal exploration or other prior well data. Using its market-leading prospecting toolkit, Zanskar discovered a geothermal anomaly that indicated the site possesses exceptionally high heat flow. Zanskar’s team of geologists then leveraged its AI-prediction engine to site viable well targets to test the temperature and permeability of the system, as well as its spatial extent. Zanskar drilled two intermediate depth wells in July and August 2025 and intersected an app...

Nucor Announces Promotion of Steve Laxton to President and Chief Operating Officer; Dave Sumoski to Retire

Nucor Announces Promotion of Steve Laxton to President and Chief Operating Officer; Dave Sumoski to Retire : CHARLOTTE, N.C. , Dec. 4, 2025 /PRNewswire/ -- Nucor Corporation (NYSE: NUE ) announced today that Stephen D. Laxton, Chief Financial Officer and Executive Vice President, has been promoted to the role of President and Chief Operating Officer effective January 1, 2026.  David A. Sumoski, who has served as COO since 2021, will retire effective June 13, 2026, after more than thirty years of service. Mr. Laxton began his career with Nucor in 2003 as General Manager of Business Development and was promoted to Vice President in 2014. He has served as Nucor's CFO and Executive Vice President since 2022. The Company will conduct a search for a new Chief Financial Officer, and Mr. Laxton will continue to serve in the role until a new CFO is appointed. "Over the past 22 years, Steve has demonstrated exceptional leadership and strategic vision and has been instrumenta...

Carbonova secures financing to accelerate C$13.6M Commercial Demonstration project in Alberta

Carbonova secures financing to accelerate C$13.6M Commercial Demonstration project in Alberta : CALGARY, AB, Dec. 3, 2025 /PRNewswire/ - Carbonova, a cleantech company transforming greenhouse emissions into high-performance carbon nanofibers (CNF), announces the closing of an oversubscribed C$5.1 million equity financing round from a syndicate of strategic and private investors. This achievement follows Carbonova's recent success in securing $4.38 million in grant funding from Emissions Reduction Alberta (ERA), underscoring growing investor and institutional confidence in Carbonova's technology and commercialization roadmap. The remaining capital needs for the C$13.6 million Commercial Demonstration Unit are being met through a blend of strategic cash investments, in-kind participation from partners, and capital raised in prior rounds, fully enabling the company to move forward with project execution. The new capital will enable Carbonova to advance construction of its first c...

Halliburton Appoints Shannon Slocum as Executive Vice President and Chief Operating Officer

Halliburton Appoints Shannon Slocum as Executive Vice President and Chief Operating Officer Dec 4, 2025 6:30 AM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--Halliburton (NYSE: HAL) announced today that Shannon Slocum has been promoted to executive vice president and chief operating officer and appointed to the board of directors, effective Jan. 1, 2026. Reporting to Jeff Miller, Halliburton's chairman, president and CEO, Slocum will be responsible for the Company's global operations, as well as business development, health, safety and environment, and global technology. “Our business strategy demands execution, and now is the right time to transfer operations to Shannon while I focus on the Company’s long-term strategic advancement and execution,” said Miller. “Shannon brings global operations experience and proven leadership that strengthen our ability to maximize asset value for our customers.” Slocum has demonstrated excellence in a variety of roles of increasing respo...

Chevron Announces 2026 Capex Budget of $18 to $19 Billion

Chevron Announces 2026 Capex Budget of $18 to $19 Billion Dec 3, 2025 6:00 PM Eastern Standard Time HOUSTON--( BUSINESS WIRE )--Chevron Corporation (NYSE: CVX) today announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026. “Our 2026 capital program focuses on the highest-return opportunities while maintaining discipline and improving efficiency, enabling us to grow cash flow and earnings,” said Chevron Chairman and CEO Mike Wirth. “We’re positioned to deliver superior shareholder returns while advancing investments that strengthen long-term value.” Organic Capex Total U.S. spend is anticipated to be about $10.5 billion, more than half of the 2026 capex budget. Upstream is expected to be approximately $17.0 billion. Nearly $6.0 billion is expected for U.S. shale ...

BKV Corporation Announces Closing of Public Offering of Common Stock

BKV Corporation Announces Closing of Public Offering of Common Stock Dec 3, 2025 5:29 PM Eastern Standard Time DENVER--( BUSINESS WIRE )--BKV Corporation (“BKV”) (NYSE: BKV) today announced the closing of its underwritten public offering of 6,900,000 shares of its common stock at a public offering price of $26.00 per share, which amount includes 900,000 shares issued pursuant to the underwriters’ exercise of their option to purchase additional shares. BKV received net proceeds from this offering of approximately $170.3 million after deducting underwriters’ discounts and commissions and estimated offering fees and expenses. BKV intends to use the net proceeds from the offering, together with cash on hand, for the payment of the cash consideration of the purchase price in connection with BKV’s previously announced acquisition of a controlling interest in BKV-BPP Power, LLC (the “BKV-BPP Power Joint Venture Transaction”) and related expenses. Pending the closing of the BKV-BPP Power Join...