Sunya

Decarbonization Partners Exceeds Fundraising Target With US$1.40 Billion Final Close for Inaugural Fund : BlackRock-Temasek joint venture investing in next-generation companies that support the acceleration of decarbonization April 25, 2024 06:00 AM Eastern Daylight Time NEW YORK & SINGAPORE--( BUSINESS WIRE )-- Decarbonization Partners , a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of decarbonization and the transition to a net-zero economy, today announced the final close of US$1.40 billion for its inaugural late-stage venture capital and growth private equity investment fund, The Decarbonization Partners Fund I (the “Fund”), surpassing its fundraising target of US$1 billion. In addition to commitments from BlackRock and Temasek, the Fund has attracted a diverse set of over 30 institutional investors representing 18 countries, including public and private pension funds; sovereign wealth funds; ...

Glenfarne Energy Transition's Texas LNG Sells Over Half of Offtake with an Additional LNG Tolling Agreement with EQT - Business Wire : April 23, 2024 09:26 AM Eastern Daylight Time HOUSTON and BROWNSVILLE, Texas--( BUSINESS WIRE )--Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a second Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services for an additional 1.5 MTPA of LNG over 20 years. This transaction expands Texas LNG’s total HOA volume with EQT to 2 MTPA. Final terms remain subject to the negotiation of a definitive 20-year LNG tolling agreement. With this transaction and Texas LNG’s recently announced offtake agreement with Gunvor, only 1.5 MTPA of additional offtake is pending public announcement to reach Texas ...

Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation : The 220MW/440MWh grid-tied system is the largest BESS owned by Nevada Energy and was delivered under a full turnkey contract between Energy Vault and the Nevada Utility Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation (Photo: Business Wire) April 25, 2024 08:00 AM Eastern Daylight Time WESTLAKE VILLAGE, Calif. & LAS VEGAS--( BUSINESS WIRE )--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada. Built on the site of a decommissioned coal-fired electric generating facility, the 220MW/440MWh grid-tied BESS, one of the largest in Nevada, is a 2-hour energy storage system that is...

TotalEnergies and Vanguard Renewables, a Portfolio Company of BlackRock’s Diversified Infrastructure Business, Join Forces to Develop Renewable Natural Gas in the United States : April 24, 2024 07:00 AM Eastern Daylight Time PARIS & BOSTON--( BUSINESS WIRE )--TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portfolio company of a fund managed by BlackRock’s Diversified Infrastructure business, have signed an agreement to create an equally owned joint venture to develop, build, and operate Farm Powered® renewable natural gas (RNG) projects in the United States. The signing took place in New York on April 12th 2024 in the presence of Patrick Pouyanné, Chairman and CEO of TotalEnergies and Larry Fink, Chairman and CEO of BlackRock. TotalEnergies and Vanguard Renewables will advance 10 RNG projects into construction over the next 12 months, with a total annual RNG capacity of 2.5 B...

Biden-Harris Administration Releases Offshore Wind Liftoff Report and $48 Million in New Finding to Accelerate Technology and Manufacturing : Latest Liftoff Report Finds Promising Pathways for Offshore Wind Development; DOE Announces Latest Support for Offshore Wind R&D, Supply Chain Development, and Transmission Planning WASHINGTON, D.C. —  The U.S. Department of Energy (DOE) today released its latest report in the Pathways to Commercial Liftoff series, describing how the U.S. offshore wind sector is adapting to challenges and poised for continued progress to create tens of thousands of new, good-paying jobs and expand access to clean energy for millions of Americans, with a path to deploying over 100 gigawatts (GW) by 2050. The Pathways to Commercial Liftoff: Offshore Wind  report finds that the sector today is poised for liftoff, enabled by continued efforts to adapt to recent market challenges. The projects that move forwa...

Turboden and Fervo Energy Establish Partnership to Propel Geothermal Energy Innovation April 22, 2024 Brescia, April 22nd – Turboden, a global leader in Organic Rankine Cycle (ORC) systems, proudly announces a groundbreaking collaboration with Fervo Energy, a pioneer in enhanced geothermal systems (EGS). Together, they are poised to revolutionize 24/7 carbon-free energy production and spearhead the future of geothermal energy innovation. Fervo Energy’s Cape Station project represents a significant milestone, marking the company’s largest commercial endeavor in the geothermal energy sector. Situated in southwest Utah, Cape Station is positioned to redefine geothermal energy production with an anticipated total project capacity of approximately 400 MW. This endeavor symbolizes a transformative leap towards carbon-free energy solutions. Drawing upon Turboden’s expertise in ORC technology, the company will provide the engineering and procurement of power plant equipment for the initial 90 ...

RepAir and Cella Launch Carbon Capture and Storage Partnership in Kenya : Electrochemical Direct Air Capture (DAC) Technology Sets New Energy Efficient Standards as It Debuts its Storage Partnership with Cella YOKNEAM, Israel , April 24, 2024 /PRNewswire/ -- RepAir , a leading Direct Air Capture (DAC) firm, and Cella, a carbon storage technology company, have partnered to launch an innovative Carbon Capture and Storage venture. RepAir has been cultivating partnerships with storage firms in Europe , The US and Africa . Most recently, they've established a storage partnership with Cella aimed at creating dedicated value chains for extracting CO2 from the atmosphere and permanently storing it underground through in-situ mineralization. This storage agreement will streamline the sale of high-quality carbon credits to off-takers, enabling corporations to meet evolving ESG standards, manage offsets, and advance towards net zero goals. RepAir's DAC solution utilizes propri...