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Viridi Energy signs 20-year agreement with Énergir L.P. to supply RNG
Total acquires 50% stake in OranjeWind offshore wind farm from RWE
Blackstone-backed Aypa Power secures $650mm in credit facility
Ormat secures 15-year RA Agreement with Riverside for energy storage facility
Addionics raises $39 million Series B led by GM Ventures for EV battery tech
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Viridi Energy signed a 20-year agreement with Énergir L.P. to deliver 650,000 gigajoules annually of pipeline-quality RNG from waste-to-energy assets in Maine, Wisconsin, and New Hampshire.
The RNG will heat over 10,000 homes for a year and help Énergir achieve sustainability goals.
This is the first major deal through Viridi Energy Marketing and Trading LLC, allowing buyers to source RNG from Viridi's facilities.
Viridi's RNG assets include a biosolids digester plant in Brunswick, a landfill gas-to-RNG project in Bethlehem, and a partnership in Marathon County.
Viridi Energy is backed by Warburg Pincus and Green Rock Energy Partners, focusing on RNG assets across North America.
Cemvita, a climate tech company, achieved a significant milestone in production capabilities.
The company can now produce up to 500 barrels per day of sustainable oil from its first commercial plant, surpassing its 2029 goal.
Technological advances in lipid productivity and reactor optimization enabled the company to quadruple its output.
Cemvita's focus on synthetic biology has allowed for cheaper and faster biotech innovations.
Cemvita collaborates with Oxy Low Carbon Ventures to produce sustainable fats, chemicals, and fuel feedstocks efficiently.
Airbus, Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc., and Qantas Airways Limited invest in a Sustainable Aviation Fuel (SAF) financing fund
The Sustainable Aviation Fuel Financing Alliance (SAFFA) investment fund is established with Airbus as the Anchor Investor
The total commitment from the seven partners is around US$200 million
The fund aims to accelerate the availability of SAF by investing in mature SAF-producing projects using waste-based feedstocks
Partners will have priority contracts to secure SAF offtakes from projects funded by SAFFA
SAFFA's first investment is in Crysalis Biosciences, a company dedicated to innovative fuel and chemical production technologies
Sage Geosystems Inc. partners with Electrocentrale Bucuresti S.A. in Bucharest to explore geothermal energy implementation.
The project aims to replace fossil-fuel based thermal plants with a clean energy source, starting with a 70MW thermal power district in Bucharest.
The Geopressured Geothermal System technology will be used, with a feasibility study conducted in partnership with NREL.
ELCEN currently produces a significant portion of Romania's thermal energy and aims to reduce carbon emissions by implementing geothermal energy.
Sage Geosystems is excited to support Romania's clean energy transition and introduce geothermal energy applications in Bucharest.
TotalEnergies acquires a 50% stake in the OranjeWind offshore wind farm in the Netherlands from RWE
They plan to use the renewable electricity to power 350 MW electrolyzer projects for green hydrogen production
The green hydrogen will be used to decarbonize TotalEnergies' refineries in Northern Europe, aiming to cut CO2 emissions by 5 million tons per year by 2030
OranjeWind project includes offshore wind power, green hydrogen production, electric boilers, and battery storage to support the Dutch grid stability
Construction starts in 2026, with full commissioning expected in 2028
RWE aims to invest 55 billion euros in offshore and onshore wind, solar energy, batteries, flexible generation, and hydrogen projects by 2030
TotalEnergies continues to expand its renewable electricity generation capacity to reach 35 GW in 2025 and over 100 TWh of net electricity production by 2030
Aypa Power secures a $650 million corporate credit facility to support its energy storage and renewable energy projects.
The facility includes a $350 million LC facility, a $100 million revolver, and a $200 million term loan.
The transaction was led by Apterra Infrastructure Capital LLC, Banco Santander S.A., ING Capital LLC, Nomura Securities International, Inc., Société Générale, and Sumitomo Mitsui Banking Corporation.
Aypa Power plans to use the capital to expand its project pipeline in the United States and Canada.
Aypa Power aims to accelerate its pipeline and deliver over 3 gigawatts of energy projects in the next 24 months.
Ormat Technologies signed a 15-year Resource Adequacy Purchase and Sale Agreement with the City of Riverside for the Shirk Battery Energy Storage System in California.
The project is expected to be eligible for a 40% Investment Tax Credit and has a guaranteed commercial operation date of March 1, 2026.
This agreement highlights Ormat's commitment to growing its Energy Storage segment in California.
Ormat aims to support the City of Riverside and other California communities with renewable power generation and energy storage solutions.
The company owns and operates geothermal and REG power plants globally and is actively involved in energy storage services and solar PV.
TotalEnergies launches a 100 MW / 200 MWh battery storage project in Dahlem, North Rhine-Westphalia.
Project involves an investment of over €75 million and will use Saft's latest-generation battery technology.
Commercial operations expected to start in the second half of 2026, with Quadra Energy marketing the battery's flexibility.
TotalEnergies has made significant investments in the German electricity market, including acquiring Kyon Energy and Quadra Energy.
The company is focused on expanding its renewable electricity generation capacity to reach over 100 TWh by 2030.
Addionics secured $39 million in its Series B funding round, co-led by GM Ventures and Deep Insight with participation from Scania and other investors.
The funding will be used to enhance manufacturing capabilities, expand global business engagements, and build a giga-factory in the US for Addionics 3D Current Collectors.
Addionics' 3D Current Collectors improve battery manufacturing and performance, leading to faster charging, increased power, and better stability at a lower cost.
The investment will facilitate commercial production by the end of the year.
Household natural gas and electricity prices over time
— Richard Meyer (@RichardMeyerDC)
4:16 PM • Jul 23, 2024
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.
