Sunya

Oklo Finalizes Agreement with the Department of Energy to Advance to the Next Phase of Siting : September 25, 2024 08:40 AM Eastern Daylight Time SANTA CLARA, Calif.--( BUSINESS WIRE )--Oklo Inc. (NYSE: OKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, today announced the finalization of a Memorandum of Agreement (MOA) with the U.S. Department of Energy (DOE) Idaho Operations Office. This MOA grants Oklo access to conduct site investigations at its preferred site in Idaho, marking a key step toward the next phase of site preparation and construction. As the only advanced fission company with a DOE site use permit, along with substantial regulatory progress and a secured fuel supply, Oklo is uniquely positioned to deploy the first commercial advanced fission power plant in the U.S. The site investigations enabled by this MOA will focus on geotechnical assessments, environmental surveys, and infrastructure planning. “Our partnership with the DOE ha...

BKV Corporation Announces Pricing of Initial Public Offering : September 25, 2024 04:38 PM Eastern Daylight Time DENVER--( BUSINESS WIRE )--BKV Corporation (“BKV”) today announced the pricing of its initial public offering of 15,000,000 shares of its common stock at $18.00 per share. The underwriters will have a 30-day option to purchase an additional 2,250,000 shares from BKV at the initial public offering price, less underwriting discounts and commissions. The shares will begin trading on the New York Stock Exchange on September 26, 2024 under the ticker symbol “BKV,” and the offering is expected to close on September 27, 2024, subject to customary closing conditions. Citigroup and Barclays acted as lead book-running managers for the offering. Evercore ISI, Jefferies and Mizuho acted as joint book-running managers. KeyBanc Capital Markets, Susquehanna Financial Group, LLLP, TPH&Co., the energy business of Perella Weinberg Partners, and Truist Securities acted as senior co-manager...

Joint Development of a Commercial Carbon Dioxide Storage Project in South Texas, United States Sep. 24, 2024 Marubeni Corporation Marubeni entered into an agreement to acquire an interest in a business entity funded by Ozona CCS LLC (hereinafter, “Ozona”), which is developing a carbon dioxide capture & storage (hereinafter, “CCS”) project in Texas, United States. Through this agreement, Marubeni will participate in and jointly develop the CCS project (hereinafter, the “Project”) in south Texas with Ozona, with Marubeni’s investment comprising a 50% stake in the Project. Project Outline This Project involves capturing CO2 emitted from multiple gas production and processing plants in south Texas (an area with active exploration and production of oil and gas), transporting it via dedicated pipelines, and storing it in saline aquifers 2 to 3 km underground. It will be a pioneering commercial CCS hub*1 project in the United States. Marubeni has been engaged in the upstream shale oil an...

Havfram secures significant contract for transport and installation support of wind turbines for Vattenfall's and BASF's Nordlicht cluster : HAMBURG, Germany , Sept. 25, 2024 /PRNewswire/ -- Havfram, a leading provider of transport and installation services for the offshore wind industry, has been awarded a contract by Vattenfall and BASF for their Nordlicht offshore wind farm cluster. The Nordlicht wind farm zone, located 85 kilometers north of the island of Borkum in the German North Sea, consists of two separate sites: Nordlicht I, with an expected capacity of 980 megawatts, and Nordlicht II, with an expected capacity of 630 megawatts. For Nordlicht I, the contract covers the transportation and installation support of 68 Vestas V236-15.0 MW wind turbines, with work scheduled to commence in the summer of 2027. For Nordlicht II, Havfram will execute the transport and installation support of 44 Vestas V236-15.0 MW wind turbines, starting in the summer of 2028. For bo...

14 Major Global Banks and Financial Institutions express support to Triple Nuclear Energy by 2050 Updated Monday, 23 September 2024 Major financial institutions now recognize the key role that nuclear energy must play in the global net zero energy transition and that improving access to financing can help unlock nuclear energy’s potential. On the sidelines of Climate Week in New York City, major banks, government representatives and industry executives met at the Financing the Tripling of Nuclear Energy – Leadership Event, followed by the Net Zero Nuclear Forum, hosted in the Rainbow Room, Rockefeller Center. The nations endorsing the Declaration to Triple Nuclear Energy launched at COP28 in 2023 were joined by 14 financial institutions that expressed support for the call to action to triple global nuclear energy capacity by 2050. The financial institutions recognized that global civil nuclear energy projects have an important role to play in the transition to a low-carbon economy. The...

TPG Announces Initial $1.25 Billion for Global South Initiative, Anchored by ALTÉRRA Anchor capital from UAE-based ALTÉRRA catalyzes substantial new third-party capital commitments September 23, 2024 03:43 PM Eastern Daylight Time SAN FRANCISCO--( BUSINESS WIRE )--Coinciding with the 79th session of the United Nations General Assembly and the start of New York Climate Week, TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, today announced it has secured $1.25 billion in initial capital commitments for its new Global South Initiative strategy (“GSI”). Launched in partnership with ALTÉRRA, the world's largest private investment vehicle for climate change action, GSI is designed to accelerate and attract institutional capital at scale by offering return enhancement to encourage private equity investments in high growth climate opportunities across the Global South. With the additional commitments announced today, TPG and ALTÉRRA are now joined...

Vickery Energy Partners Announces Partnership with Quantum Capital Group September 24, 2024 09:00 ET | Source: Quantum Capital Group HOUSTON and FORT WORTH, Texas, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Quantum Capital Group (“Quantum”) and Vickery Energy Partners, LLC (“Vickery” or the “Company”) today announced the formation of Vickery with equity capital commitments from Quantum and employees of the Company. Based in Fort Worth, Texas, Vickery will pursue the acquisition and development of oil and gas assets across North America, with an initial focus on the Appalachian Basin. Vickery is led by former executives of Tug Hill, including Sean Willis as President and Chief Executive Officer and Daniel Rowe as Chief Financial Officer. In August of 2023, Quantum sold Tug Hill and XcL Midstream’s portfolio of upstream and midstream assets located in the Appalachian Basin to EQT Corporation for a total consideration of approximately $5.0 billion. Mr. Willis said, “We look forward to building ...