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8 Rivers & Wood Partner on Wyoming Carbon Capture Pre-FEED Study
JetBlue Introduces First Regular Sustainable Aviation Fuel (SAF) Supply at JFK
TotalEnergies & RWE Sign Germany’s Largest Green Hydrogen Deal for Leuna Refinery
Baker Hughes Secures Order to Power U.S. Data Centers with NovaLT™ Gas Turbines
NRG Acquires 738 MW of Natural Gas Generation in Texas for $560M
National Grid Partners Commits $100M to AI Startups Transforming Energy
Terabase Raises $130M Series C from SoftBank to Scale Solar Automation
Northvolt Files for Bankruptcy in Sweden Amid Market & Capital Challenges
Archrock to Acquire Natural Gas Compression Systems for $357M
Turkey & Continental Resources Partner to Develop Diyarbakir Shale Fields
The almost headlines
In case you missed
Project Scope: Exploring CCS at a Wyoming brownfield power plant, with Pre-FEED completion by Q3 2025.
Tech Innovation: Uses 8 Rivers’ Allam-Fetvedt Cycle & Siemens Energy’s CO₂ turbines for low-carbon power generation.
Economic & Energy Benefits: Enhances Wyoming’s energy independence, supporting affordable & dispatchable electricity.
Industry Collaboration: PacifiCorp partnership, with Wood leading engineering & feasibility analysis.
SAF Milestone: 1M gallons of sustainable aviation fuel (SAF) supplied to JFK Airport under a 12-month agreement.
Decarbonization Impact: SAF can cut lifecycle emissions by 80%, produced by Diamond Green Diesel LLC.
Corporate Backing: Deal includes potential for 4M additional gallons, supported by corporate funding to offset costs.
Sustainability Commitment: JetBlue has doubled SAF procurement since 2020, aligning with Port Authority’s net-zero 2050 goal.
Hydrogen Supply Agreement: 30,000 tons of green hydrogen/year from RWE’s 300 MW Lingen electrolyzer to Leuna refinery starting 2030.
CO₂ Reduction Impact: Expected to cut 300,000 tons of CO₂ annually, supporting TotalEnergies' goal to slash refinery emissions.
Infrastructure Expansion: Hydrogen will be transported via a 600 km pipeline, advancing Germany’s hydrogen economy.
TotalEnergies' Decarbonization Push: Company has contracted over 200,000 tons of low-carbon hydrogen for EU refineries.
Massive Investment: $11.9B contract, with OpenAI investing $350M in CoreWeave stock issuance.
AI Scale-Up: Expands OpenAI’s compute power for model training & AI services, complementing Microsoft & Oracle partnerships.
Strategic Energy Supply: TURBINE-X Energy Inc. orders multi-fuel NovaLT™ turbines for data center power solutions.
Hydrogen-Ready Tech: Turbines can run on natural gas, gas-hydrogen blends, or 100% hydrogen, supporting low-carbon energy.
Market Growth: Baker Hughes leverages rising AI-driven electricity demand, offering scalable, efficient solutions.
Decarbonization Focus: Complements Baker Hughes’ carbon capture & energy transition portfolio, ensuring resilient power generation.
Strategic Expansion: Acquiring six power plants (1 combined-cycle, 5 peakers) from Rockland Capital, reinforcing Texas market dominance.
Financials & Efficiency: $560M transaction ($760/kW), significantly below new construction costs.
Growth & Market Impact: Expected to be earnings-accretive, funded via corporate debt, with Q2 2025 closing target.
CEO Outlook: EVP Robert J. Gaudette underscores importance of flexible generation amid Texas' record electricity demand.
Investment Focus: Targets AI-driven grid efficiency, resilience, and cost reduction, reinforcing climate goals.
Expanding AI Portfolio: Builds on $150M+ invested in 18 AI startups, including Amperon (energy forecasting) and AiDASH (satellite-powered grid monitoring).
Utility Impact: AI-enabled solutions already reduce outages by 30% in Massachusetts & streamline NY infrastructure projects.
Strategic Growth: Supports 120+ global utility collaborations, enhancing real-time energy optimization & risk management.
Major Backing: Led by SoftBank Vision Fund 2, raising total funding to over $200M.
Solar Automation Expansion: Funds Terafab robotic solar assembly system, aiming to double installation efficiency.
Market Acceleration: Already deployed 40 MW in projects, with plans for hundreds of MW by 2026.
Industry Impact: Reduces solar farm construction costs, supporting data center energy demand & global decarbonization.
Financial & Market Struggles: Faced rising capital costs, supply chain issues, & demand shifts, despite liquidity support attempts.
Bankruptcy Process: Swedish court-appointed trustee to explore financing or asset sales, with impact on employees & suppliers.
Production Milestones: Had doubled battery cell output, delivering 1M fossil-free cells, despite operational challenges.
Industry Concerns: Highlights Europe’s struggles in building a homegrown battery industry vs. global competition.
Asset Expansion: Adds 351,000 horsepower, including 316,000 in operation & 35,000 in backlog, strengthening Permian Basin footprint.
Strategic Growth: Enhances large-horsepower compression services, targeting blue-chip customers & low-carbon solutions.
Financial Impact: Expected to boost EPS & cash flow for dividends, funded through ABL credit facility & common stock issuance.
Strategic Joint Venture: TPAO & Continental Resources to explore & develop Turkey’s Diyarbakir Basin shale resources.
Energy Expansion: Marks a new era in Turkish oil & gas exploration, aiming to enhance domestic production.
Continental’s Global Push: CEO Doug Lawler highlights Turkey’s untapped potential, expanding beyond U.S. operations.
Industry Outlook: Founder Harold Hamm warns of plateauing U.S. production, underscoring the need for global energy diversification.
Infleqtion Secures $6.2M ARPA-E Grant to Advance Quantum Grid Optimization
Quantum Energy Innovation: First-ever ARPA-E quantum technology grant, supporting ENCODE project for grid optimization.
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.
