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NEW - Sunya Stories with Bala Nagarajan from S2G Investments
Bloom Energy & Chart Industries Partner on Carbon Capture for Fuel Cells
Chestnut Carbon Raises $160M Series B to Scale Carbon Removal
e2Companies to Go Public via $500M Merger with Nabors Energy SPAC
Ormat Secures 15-Year Tolling Agreements for 300 MW Storage in Israel
EDF & TAQA Partner on Geothermal Energy Development in Saudi Arabia
Louth Callan Renewables Begins Construction on 28 MW Mousam Solar in Maine
Elliott Pushes for Phillips 66 Overhaul in $2.5B Activist Campaign
U.S. Energy Development Completes $165M Refinancing Led by Citibank
Howard Energy Acquires Operating Stake in 1.1 Bcf/d Midship Pipeline
The almost headlines
In case you missed
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.
Project Scale: Will sequester 90,000 metric tons CO₂ annually from Eagle Ford Shale gas processing.
Regulatory Approval: Texas Railroad Commission approved the injection well, with EPA monitoring plan pending.
Operational Timeline: FID reached in Dec 2024, with launch targeted for Q1 2026.
Sustainability Expansion: Adds to BKV’s carbon capture portfolio, including Barnett Zero & Cotton Cove projects.
Carbon Capture Innovation: Focuses on capturing CO₂ from Bloom’s fuel cells for reuse or sequestration.
Efficiency Edge: Fuel cell CO₂ streams are higher purity, making carbon capture cheaper & more effective.
Market Applications: Designed for data centers, industrial users, and grid reliability solutions.
Funding Scope: Backed by Canada Pension Plan, Cloverlay, & DBL Partners, supporting a 100M-ton carbon sequestration goal.
Land Expansion: Acquired 35,000+ acres in six U.S. states for reforestation & ecosystem restoration.
Premium Carbon Credits: Generates Gold Standard-certified offsets for corporate decarbonization strategies.
Scalability: Funding supports land purchases, technology innovation, & workforce expansion.
Listing Details: Business combination with Nabors Energy Transition Corp II, trading as VUTL on Nasdaq.
Virtual Utility Model: AI-powered on-site power solutions for data centers, healthcare, & industrial facilities.
Financial Growth: 110% CAGR since 2021, with revenue scaling across 165+ installations globally.
Deal Size: Expected to generate $400M in gross proceeds, with a pre-money valuation of $500M.
Energy Storage Growth: Two facilities totaling 300 MW / 1,200 MWh, advancing Israel’s renewable energy transition.
Strategic Partnership: Developed with Allied Infrastructure LTD, with shared ownership.
Deployment Timeline: Currently in permitting phase, expected commercial operation by 2028.
MoU Signed: Partnership to explore geothermal power & HVAC applications for energy efficiency.
Strategic Alignment: Supports Saudi Vision 2030 & EDF Ambitions 2035 for sustainable energy.
Project Scope: Focused on geothermal energy & compressed air storage, reducing carbon footprints.
Project Scope: 110-acre solar farm to power thousands of homes & businesses, reducing carbon emissions.
Strategic Growth: Marks Louth Callan's expansion into utility-scale solar development across North America.
Strategic Overhaul: Elliott’s "Streamline66" plan calls for portfolio simplification, operational review, & board restructuring.
Asset Sales Proposal: Recommends divesting Midstream, CPChem, & JET retail operations to unlock shareholder value.
Underperformance Concerns: Cites lagging total shareholder returns & repeated operational shortfalls as reasons for urgent action.
Investor Pressure: Elliott, managing $69.7B in assets, argues for management & oversight changes to enhance capital returns.
Credit Facility: Closed $165M syndicated revolving credit, expandable up to $500M.
Strategic Growth: Provides capital for development projects & acquisitions to expand its U.S. oil & gas portfolio.
Company Scale: USEDC has deployed $2B+ in capital, operating 4,000 wells across 13 states & Canada.
Key Acquisition: Secured operating interest in 200-mile Midship Pipeline, expanding SCOOP/STACK to Gulf Coast connectivity.
Capacity Expansion: Currently transports 1.1 Bcf/d, with potential expansion to 1.4 Bcf/d.
Growth Strategy: Marks $1.1B in 2024 M&A activity, reinforcing long-term natural gas demand focus.
DOE Secretary Chris Wright Appoints Senior Leadership Team
Key Leadership Additions: Alexander Fitzsimmons as Chief of Staff, Steven Winberg as Acting Under Secretary for Infrastructure.
DOE Awards $107M for Fusion Energy Research & Innovation
Funding Scope: $107M awarded to six FIRE Collaborative projects, advancing fusion commercialization.
NOG Reports Q4 2024 Production of 131 MBoe/d, Signs $40M Texas Acquisition
New Acquisition: $40M deal for 2,275 net acres in Upton County, TX, expanding Permian footprint.
Expand Energy Appoints Dan Turco EVP of Marketing & Commercial
Executive Appointment: Former ExxonMobil LNG trading head joins Expand Energy to grow U.S. natural gas markets.
Aker Carbon Capture Reports NOK 4.6B in Q4 Cash Reserves, Announces Dividend
Project Milestones: SLB Capturi completes world’s first full-scale CO₂ capture at Heidelberg Materials Brevik
Williams Reports Record 2024 Results, Raises 2025 Guidance
Financial Performance: Reported $2.22B GAAP net income & record $7.08B Adjusted EBITDA, up 4.4% YoY.
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.
