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ADQ & Energy Capital Partners Launch $25B JV for U.S. Data Center Power
NVIDIA & xAI Join $30B AI Infrastructure Partnership with BlackRock, Microsoft, & GIP
Amazon Launches Carbon Credit Marketplace for Qualified Businesses
Aramco & Siemens Energy Launch Saudi Arabia’s First Direct Air Capture Facility
Ørsted Invests $55M in Mission Clean Energy’s Solar & Storage Pipeline
SkySpecs Raises $20M to Scale AI-Powered Wind Turbine Monitoring
Peregrine Energy Secures $168M to Advance 150MW Energy Storage Project
Sixth Street Completes Acquisition of Caliche Development Partners
Nissan & SK On Sign 100 GWh Battery Deal for U.S. EV Production
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Massive Energy Investment: $25B partnership to develop 25 GW of power capacity, meeting U.S. data center electricity demand.
Initial Capital & Expansion: $5B initial investment, focusing on greenfield & expansion projects in power generation.
Rising Power Demand: U.S. electricity consumption to grow by California’s annual usage in 3 years, driven by AI & industrial electrification.
Strategic Industry Backing: ADQ ($225B AUM) & ECP (83 GW of managed power) to lead large-scale energy infrastructure growth.
AI Infrastructure Investment: Partnership targets $30B+ in AI data center funding, with potential to mobilize $100B globally.
Industry Collaboration: GE Vernova & NextEra Energy to support energy solutions for AI’s massive power demands.
NVIDIA’s Role: Serves as technical advisor, leveraging accelerated computing expertise for next-gen AI data centers.
Global Economic Growth: Backed by BlackRock, Microsoft, & xAI, ensuring AI expansion is capitalized responsibly.
Fund Strategy: North Haven Infrastructure Partners IV targets transportation, digital infrastructure, energy transition & utilities.
Investor Base: Backed by public & private pension funds, sovereign wealth funds, & insurers.
Infrastructure Focus: Aims for essential assets with long-term value, leveraging Morgan Stanley’s $240B alternatives platform.
Global Scale: $18B AUM across 40+ investments since 2006, reinforcing MSIM’s $1.7T asset management leadership.
Sustainability Exchange: Provides verified, high-quality carbon credits to Amazon suppliers, business customers & Climate Pledge signatories.
Decarbonization Support: Helps companies offset emissions while investing in nature-based carbon removal projects.
Market Transparency: Addresses challenges in voluntary carbon markets, ensuring credible carbon credit verification.
Climate Leadership: Part of Amazon’s net-zero by 2040 strategy, complementing carbon-free energy & fleet electrification efforts.
DAC Pilot Deployment: Captures 12 tons of CO₂ annually, serving as a testbed for next-gen carbon capture tech.
Scaling Pathway: Supports Saudi Arabia’s circular carbon economy goals, with plans for large-scale deployment.
Energy Transition Focus: Complements Aramco’s Jubail CCS hub, targeting 9M tons CO₂ captured from industrial sources.
Decarbonization Impact: Aims to develop cost-effective DAC solutions for use in chemicals & sustainable fuels production.
Sustainability Commitment: Agreement supports Aptar’s goal to reach 100% renewable electricity by 2030.
GHG Reduction Goals: Targets 82% cut in Scope 1 & 2 emissions by 2030 (vs. 2019 baseline).
Corporate Climate Focus: Mercuria has allocated 50%+ of new investments to renewable & transitional energy projects.
Utility-Scale Expansion: Funds U.S. solar & battery projects, including four standalone storage sites in the Midwest.
Ørsted’s Market Growth: Evaluating select project acquisitions to enhance its U.S. clean energy portfolio.
Industry Collaboration: Strengthens Ørsted’s ability to support high-energy-demand sectors.
Project Financing: $53M preferred equity (Bildmore Clean Energy) + $115M bridge loan (First Citizens Bank & Nomura Securities).
Battery Storage Growth: Project to come online in Q4 2025, supporting Peregrine’s 22 GWh development pipeline.
Strategic Backing: Previously secured $700M from AB CarVal & $250M credit facility from KKR.
Industry Leadership: Peregrine team has 20+ GW experience in renewable & storage development.
Expansion in Underground Storage: Adds Central Valley Gas Storage (CA) to existing Golden Triangle Storage (TX) assets.
Energy Security: Strengthens Caliche’s natural gas, hydrogen, & carbon sequestration storage capabilities.
Operational Growth: Plans further expansion in California, enhancing regional energy reliability & industrial supply chains.
U.S. Battery Supply Chain: 100 GWh of batteries (2028–2033) to support Nissan’s EV production at Canton, MS plant.
Major Job Creation: Agreement creates 1,700+ jobs, backed by $661M investment from SK On & $500M from Nissan.
Electrification Expansion: Supports Nissan’s 30 new model launches, including 16 EVs, over the next 3 years.
Global LNG Expansion: CP2 LNG (Cameron Parish, LA) now authorized to export to non-FTA countries.
Long-Term Commitments: Secured 20-year sales agreements with ExxonMobil, Chevron, & other global buyers.
Strategic Growth: Supports U.S. LNG market expansion & energy security for allied nations.
Major Energy Deal: Vitol acquires stakes in Baleine (Côte d’Ivoire, 30%) & Congo LNG (25%), strengthening its West African presence.
Baleine’s Growth: Production at 60,000 BOE/day, ramping to 150,000 BOE/day, positioning Côte d’Ivoire as a regional energy hub.
Congo LNG Expansion: Exports began in Feb 2024, targeting 4.5B cubic meters/year by end of 2025.
Strategic Shift: Eni optimizes portfolio, while Vitol expands in upstream & LNG infrastructure.
Voyager Midstream Acquires Stake in Panola Pipeline from Phillips 66
Strategic Expansion: Enhances Voyager’s East Texas & North Louisiana operations, integrating with Carthage Hub.
SkySpecs Raises $20M to Scale AI-Powered Wind Turbine Monitoring
Industry Leadership: Goldman Sachs, Statkraft, & Equinor Ventures back growth in renewable asset management.
Oklo Advances First Commercial Powerhouse at Idaho National Laboratory
Regulatory Milestone: Signed Interface Agreement with Idaho National Lab, ensuring environmental compliance.
Check out the latest Sunya Stories podcast with Bala Nagarajan from S2G Investments
Bala Nagarajan is Managing Director of the Energy Investment team at S2G Investments.
You can find it on Spotify or Apple Podcasts.
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
