Sunya

Molten Industries Leads Strategic Partnership With U. S. Steel and CPFD Software to Pioneer Carbon-Neutral Steel Production : $5.4M Grant from the Department of Energy Fuels Innovative Project with a Focus on Industrial Efficiency and Decarbonization July 23, 2024 08:30 AM Eastern Daylight Time OAKLAND, Calif.--( BUSINESS WIRE )-- Molten Industries (“Molten”) will spearhead a collaborative effort with United States Steel Corporation (“U. S. Steel” ) (NYSE: X) and CPFD Software (“CPFD”) to design, build, and test a pilot-scale system aimed at eliminating carbon emissions from iron reduction under a U.S. Department of Energy (“DOE”) grant. The $5.4M grant, awarded and funded through the DOE’s Industrial Efficiency and Decarbonization Office and Hydrogen and Fuel Cell Technologies Office , will catalyze the groundbreaking project focused on carbon-neutral steel production while creating good-paying jobs and building a stronger, more competitive U.S. industrial sector. The project'...

I Squared to Invest $200 Million for “Last-Mile” Electric Grid Infrastructure in the UK : Investment will see a new IDNO, Aurora, launch in the UK market New IDNO will help to drive decarbonization in the UK to reach net zero targets Energy industry leaders to take the helm of new IDNO business July 30, 2024 07:00 AM Eastern Daylight Time MIAMI & LONDON--( BUSINESS WIRE )--I Squared, a leading independent global infrastructure investment manager, announced today that it has signed an agreement to acquire a controlling interest in Aurora Utilities Limited (Aurora). Aurora is an Independent Distribution Network Operator (IDNO) platform that holds a license, regulated by Ofgem, the UK’s Office of Gas and Electricity Markets, to own and operate electricity distribution networks across the UK’s liberalized electricity market. I Squared will invest $200 million to scale the platform into a large owner of grid infrastructure, connecting customers to the electricity network to support the ...

Meta's RFP: Value Chain Interventions for Emissions Reductions At Meta, we have a goal to reach net zero emissions across our value chain in 2030 which requires us to address emission sources throughout our value chain, particularly within hard-to-abate sectors and even where we are unable to attribute the reductions to a particular value chain partner. As a result, we actively pursue value chain interventions that have potential to decarbonize our value chain at the pace and scale required to achieve our emissions reduction targets. Emissions reductions projects such as these also spur the development of early-stage decarbonization technologies, build markets, and transform the sectors in which we and our value chain partners operate. In August 2023, Meta released a public Request for Information (RFI) to directly connect with entities outside of our direct supplier network that are positioned to originate, host, and/or support a pilot/demonstration-scale value chain intervention...

Enlight Announces Financial Close on Atrisco Energy Storage Project : The financing package for the energy storage portion of the project includes over $400 million of loans and tax equity arranged by HSBC and U.S. Bank Atrisco is one of Enlight’s flagship projects in the U.S., combining 364 MW of solar generation capacity with 1.2 GWh of battery storage capacity, and is expected to reach full COD later this year The financial close for the Energy Storage Project completes the financing and tax equity arrangements of the entire Atrisco complex TEL AVIV, Israel, July 29, 2024 (GLOBE NEWSWIRE) -- Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, today announced that the Company has closed the financing (the “financial close”) for the Energy Storage portion of its flagship Atrisco Solar and Energy Storage project, located outside Albuquerque, New Mexico, USA (the “Financing”). The Company reached financial cl...

Innovation Endeavors leads A-1 funding round to support First Street's go-to-market and international development plans July 25, 2024 NEW YORK, NY: First Street , the standard in physical climate risk data, announces the close of an oversubscribed Series A-1, five months after its oversubscribed Series A , bringing the total amount raised to $46 million. This round led by Innovation Endeavors , with other investors SE Ventures backed by global energy management and automation leader Schneider Electric and Nuveen Real Estate will be used to expedite the go-to-market plans of First Street’s scientific innovations with their new software solution, while simultaneously scaling their models for international markets. Over the past eight years, First Street has integrated the most advanced climate science with state-of-the-art engineering approaches to create high resolution models to quantify risk, and economic impacts, at a property-level. This market leadership has allowed First S...

Permian Resources Announces Strategic Bolt-On Acquisition of Core Delaware Basin Assets : July 29, 2024 06:31 AM Eastern Daylight Time MIDLAND, Texas--( BUSINESS WIRE )--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has entered into a definitive agreement with Occidental (NYSE: OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company’s existing position in Reeves County, Texas for $817.5 million, subject to customary post-closing adjustments. The effective date of the transaction is July 1, 2024, with closing expected to occur by the end of the third quarter of 2024. Transaction Highlights Large, contiguous acreage position, offset existing core operating areas Adds >200 gross operated, two-mile locations with high NRIs, which immediately compete for capital Substantial midstream assets, including >100 miles of oil and natural gas pipelines, robust wat...

ArcLight Announces Operating Focused Renewables Initiative and New Wind Investment : SkyVest Renewables created with a highly experienced team and advisory board to operate and optimize renewables assets Initial $500 million capital commitment for new investments and brownfield development Acquisition of 160 MW operating wind farm indicative of strategy and value-add focus BOSTON , July 29, 2024 /PRNewswire/ -- ArcLight Infrastructure Partners (together with its affiliates, " ArcLigh t ") today announced the launch of operating focused renewables investment initiative SkyVest Renewables (" SkyVest ") and concurrent acquisition of a 160 MW operating wind farm. SkyVest, formed by ArcLight to operate and optimize acquired assets, builds on ArcLight's deep history in renewables since 2001 and brings together an experienced and tenured team to provide transformational management and operational best practices for ArcLight's investments in wind an...