Chevron joins data center race

EPA Green Light: West Virginia gains authority to regulate Class VI wells for CO₂ storage.
Economic Opportunity: Approval is expected to attract investment and create jobs in energy, manufacturing, and petrochemicals.
Climate Impact: Supports large-scale carbon capture and storage technology for emissions reduction.
Regulatory Power: WVDEP will oversee permitting, monitoring, and compliance.
Milestone Effort: Three-year collaboration between WVDEP and the EPA ensures groundwater safety and readiness.

Aker Carbon Capture ASA, SLB Capturi, and Aker Solutions win contract for CO₂ capture at Hafslund Celsio’s waste-to-energy facility in Oslo.
Project to capture 350,000 metric tons of CO₂ annually starting Q3 2029, part of Norway's Longship initiative.
SLB Capturi’s modular Just Catch™ design enables a compact, cost-effective carbon capture solution.

Partnership aims to create scalable power solutions for data centers, leveraging domestic natural gas and GE Vernova turbines.
"Power foundries" to operate independently from the grid, mitigating consumer electricity price hikes.
Initial projects to deliver up to 4 GW of power, supporting AI and digital infrastructure growth across the Southeast, Midwest, and West.
Chevron CEO highlighted alignment with U.S. energy security goals and the need for reliable power in high-demand regions.
GE Vernova to provide advanced turbine technology for cost-efficient, scalable energy solutions.
Potential for future integration of lower-carbon and renewable energy solutions.
Construction targets completion by 2027, fueling economic growth and technological innovation.

774 MW natural gas plant acquisition supports AI-driven data center expansion in Loudoun County.
Positioned near 130+ data centers, meeting growing regional power demands.
Future plans include potential hydrogen integration to reduce carbon emissions.

Mega Moves: Meta and Zelestra sign 595 MWac in new renewable energy deals across four Texas solar projects.
ERCOT Boost: Projects will power Meta’s Texas data centers.
Portfolio Expansion: Six agreements now total 1 GWdc of solar capacity in the U.S.
Zelestra’s Vision: Aims to double its U.S. renewables portfolio within two years.
Global Backing: Zelestra, backed by EQT, manages 28 GW of carbon-free projects across 13 countries.

674 MW DC Cider Solar project to power 120,000 homes, creating hundreds of green jobs.
$869M project finance secured from top-tier banks, with $81M development loan from Voya.
Project marks Greenbacker’s largest clean energy investment, advancing New York’s renewable goals.

187 MW Peacock Solar project to supply Gulf Coast Growth Ventures in San Patricio County, TX.
Expected to offset 256,000 metric tons of CO₂ annually, with $25 million in local tax revenue over 25 years.

Captona completes preferred equity deal for 1 GWh of energy storage in Texas, boosting grid resilience.
Projects—Anole, Desert Willow, and Burksol—are set to commence operations in H1 2025.
Backed by UBS Asset Management, this marks Captona’s latest push in energy storage and renewable integration.

Investment supports 1 GWh of battery storage across three ERCOT projects.
Projects Anole, Desert Willow, and Burksol set for commercial operation in H1 2025.
Transaction highlights esVolta’s leadership in grid modernization and renewable energy storage.

GridStor secures a 100 MW / 400 MWh battery energy storage project from Capacity Power Group.
Project supports Arizona's rising power demand, stabilizing the grid and meeting peak loads.
Marks GridStor’s third acquisition within a year, backed by Goldman Sachs Asset Management.

Official name change to XPLR Infrastructure, LP, effective immediately, with ticker symbol "XIFR" on NYSE starting Feb 3, 2025.
Q4 and full-year 2024 financial results to be released on Jan 28, 2025, alongside a live webcast and investor presentation.
Focus remains on clean energy assets, including wind, solar, and battery storage projects.

Atlas Energy Solutions buys Moser Energy Systems for $220 million, expanding into power solutions.
Deal enhances Atlas's cash flow generation and shareholder returns, adding $40-$45 million in projected EBITDA for 2025.

Venture Global LNG offers 70 million Class A shares, with trading under ticker "VG" on NYSE.
Calcasieu Pass and Plaquemines LNG facilities strengthen its leadership in low-cost LNG production.
IPO proceeds to support growth, including over 100 MTPA in nameplate production capacity.

Financial Impact: The $1.275 billion acquisition is expected to increase Diversified’s revenue by 95% and free cash flow by 55%, while enhancing operational margins and efficiency.
Production Boost: Combined production is projected at 1,200 MMcfe/d, strengthening Diversified’s position in the Permian Basin with a diversified commodity mix.
Scale and Value: The acquisition raises Diversified’s enterprise value to $3.8 billion, with anticipated synergies in cost reduction and operational excellence driving sustainable growth.

JV Acquisition: Pine Run Gathering acquires Superior Midstream Appalachian systems in Pennsylvania.
System Overview: 190 MMcf/d flow capacity across three gathering systems – Pittsburgh Mills, Snow Shoe, and Brookfield.
Ownership Split: Stonehenge Energy Resources III (51%) and UGI Corporation (49%).

CNX Resources Closes $505 Million Acquisition of Apex Energy
- Strategic Buy: Acquired Apex Energy II in the Appalachian Basin for $505 million.
Coterra Energy Closes $3.9 Billion Permian Basin Acquisitions
- Deal Details: Completed acquisitions from Franklin Mountain Energy and Avant Natural Resources for $3.9 billion.
Williams Increases Quarterly Cash Dividend by 5.3%
- Dividend Bump: Williams announces a $0.50/share quarterly dividend, annualizing at $2.00/share – a 5.3% increase.
Sightline Closes $5.5M Seed Round for Transition Economy Tools
- $5.5M seed funding round co-led by The Westly Group and Molten Ventures.
Stellex Capital Acquires Rokstad Holdings Corporation
- Acquisition strengthens Stellex’s role in power infrastructure services in North America.
Digital Power Optimization to Build $200M AI Data Center in Wisconsin
- $200 million project in Wisconsin Rapids to enable 20 MW of AI computing capacity.

Check out the latest Sunya Stories podcast with JP Morgan’s Rama Variankaval.
Rama Variankaval is Global Head of Corporate Advisory & Sustainable Solutions at J.P. Morgan. This group combines the capabilities of Corporate Finance Advisory, Center for Carbon Transition, Sustainable Solutions, and Infrastructure Finance Advisory.
We talk energy transition, carbon reduction, and the impact of AI on energy.
This episode is audio-only and you can find it on Spotify or Apple Podcasts as well.