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Heidelberg Materials Secures $275M from Canada for Cement CCUS Project
Microsoft Partners with Climate Impact Partners for Large-Scale Carbon Removal in India
Capture6 Secures $27.5M Series A to Scale Water-Positive Carbon Removal
Eaton Acquires Fibrebond for $1.4B to Expand Data Center Power Solutions
Renaissance Fusion Raises €32M to Advance Fusion & Superconductor Tech
Canadian Solar’s e-STORAGE to Deliver 1.8 GWh for Aypa Power
Lithium Americas Secures $250M from Orion for Thacker Pass Lithium Expansion
NextDecade & Baker Hughes Sign Agreement for Rio Grande LNG Expansion
Whitecap & Veren Merge in $15B Deal to Create Canada’s Largest Light Oil Producer
Summit Midstream Acquires Moonrise Midstream for $90M, Expands DJ Basin Operations
Wild Basin Energy Secures $60M from Pearl Energy, Total Equity Reaches $100M
The almost headlines
In case you missed
World’s First: Full-scale cement sector CCUS facility to capture 1M+ metric tons CO₂ annually.
Government Support: $49M initial funding, with $226M additional investment pending final approval.
Economic & Climate Impact: Supports Canada’s net-zero 2050 goals, creating jobs & boosting Alberta’s economy.
Industry Leadership: Reinforces Alberta’s CCUS framework, positioning it as a global carbon capture hub.
Project Scale: 20,000-hectare afforestation project, removing 3M tonnes of CO₂; Microsoft to buy 1.5M tonnes over 30 years.
Sustainability & Community Impact: 11.6M+ native trees planted, providing economic empowerment for farmers.
Global Carbon Standards: Uses Verra’s methodology, meets ICVCM Core Carbon Principles, & holds an A rating from BeZero.
Major Backing: Aramco Ventures, Khosla Ventures, Mitsubishi Heavy Industries, and TDK Ventures lead investment.
Cost Reduction Goal: Aims to cut DAC costs from $1,000 to $100 per ton, making large-scale carbon removal economically viable.
Deployment Roadmap: Developing three major sites, including 1,000-ton DAC pilot in New Mexico and Orchard One in Wyoming (2M tons CO₂/year).
Industrial Impact: Enables AI & industrial growth without increasing emissions, reinforcing U.S.-Saudi carbon tech collaboration.
Funding & Investors: Tetrad Corp., Hyundai ZER01NE Ventures, and Energy Capital Ventures back water-carbon capture hybrid tech.
Technology Focus: Converts brine waste into fresh water while mineralizing CO₂, integrating with existing infrastructure.
Global Expansion: Announced four water-positive DAC projects across three continents, boosting climate resilience & decarbonization.
Strategic Partnerships: Working with Palmdale Water District to optimize water use & reduce brine waste storage in California.
Strategic Growth: Enhances modular power enclosure capabilities for multi-tenant data centers & mission-critical infrastructure.
Financial Impact: Expected $110M EBITDA in 2025, with $378M projected revenue by February 2025.
Acquisition Timeline: Deal closes Q3 2025, strengthening Eaton’s $25B global power management business.
Funding & Investors: €32M Series A led by Crédit Mutuel Alliance Fédérale & Lowercarbon Capital, accelerating HTS commercialization & fusion reactor development.
Technology Innovations: Develops High Temperature Superconductors (HTS), liquid metal shielding, & simplified stellarators for cost-effective, stable fusion.
Revenue & Market Impact: HTS commercialization could revolutionize energy generation, storage, & transmission, offering early revenue potential.
EU Leadership: Positioned as continental Europe’s first Magnetic Confinement Fusion company, backed by a €10M grant from BPI France.
Major U.S. Projects: 160 MW AC / 806 MWh DC BESS in California & 200 MW AC / 998 MWh DC BESS in Texas, using 370 SolBank 3.0 units.
Long-Term Commitment: 20-year service agreement post-commissioning to ensure grid reliability & performance.
Industry Impact: Strengthens Aypa Power’s 22 GW development pipeline, reducing fossil fuel dependence.
Construction Timeline: Work begins in Q3 2025, reinforcing Canadian Solar’s leadership in utility-scale energy storage.
Full Funding for Phase 1: Orion to purchase $195M in convertible notes & provide a $25M production payment agreement.
DOE & GM Support: Investment aligns with $2.26B DOE loan, reinforcing U.S. lithium supply chain development.
Future Expansion: Orion to consider $500M for Phase 2, enabling Thacker Pass to be fully operational by late 2027.
Economic Impact: Project will create 2,000+ direct jobs over three years, securing domestic lithium production.
LNG Capacity Growth: Trains 4-8 to add 18 MTPA liquefaction capacity, bringing total potential to 48 MTPA.
Technology Partnership: Baker Hughes to supply gas turbines & refrigerant compressors, ensuring operational efficiency.
Investment Timeline: NextDecade expects final investment decisions (FIDs) on Trains 4 & 5 soon, with further expansion planned.
Sustainable LNG: Project incorporates carbon capture & lower-carbon energy solutions, reinforcing U.S. LNG leadership.
Industry-Leading Scale: Combined company to produce 370,000 BOE/day, with 63% liquids from Alberta Montney & Duvernay.
Financial & Shareholder Impact: Expected to deliver $200M+ in synergies, increase Veren shareholder dividends by 67%, and maintain $0.73 annual dividend.
Regulatory & Closing Timeline: Shareholder & regulatory approvals pending, with expected close by May 30, 2025.
Deal Structure: $70M cash + $20M equity, acquiring 80 miles of gas & 25 miles of crude gathering pipelines.
Processing Expansion: Adds 65 MMcf/d capacity in Weld County, CO, strengthening DJ Basin infrastructure.
Operational Synergies: Expected to reduce pipeline constraints, improve margins, and enhance long-term asset value.
Investment Focus: Acquiring Haynesville Basin natural gas minerals & royalties to capitalize on LNG & domestic demand growth.
Strategic Expansion: Targets high-value assets in Louisiana & East Texas, led by former Brigham Minerals team.
Backed by Pearl Energy: $3B energy-focused investment firm supporting large-scale mineral asset aggregation.
Bain & Company: Energy Leaders Push Net-Zero Targets Beyond 2070
Net-Zero Delays: 44% of executives now expect net-zero by 2070+, up from 31% in 2024.
Fayafi Investment Holding Expands $1.2B Portfolio into AI, Digital Finance & Carbon Credits
Diversified Allocation: 22% in Web3 & blockchain, 15.5% in biotech, 14% in quantum computing, 8% in carbon credits.
Telescope Raises €3.7M to Help Real Estate Industry Monetize Sustainability
Funding & Growth: €3.7M seed round led by Scale Capital & Dreamcraft Ventures, expanding across Norway, Denmark, Sweden & the Netherlands.
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.
