NEW - Sunya Stories with Bala Nagarajan from S2G Investments
Chestnut Carbon Inks 25-Year Carbon Removal Deal with Microsoft
Verde Clean Fuels Secures $50M Equity Investment from Diamondback's Cottonmouth Ventures
Earth AI Closes $20M Round to Scale AI-Powered Mineral Exploration
VEIR Secures $75M Series B to Revolutionize Power Infrastructure
Snowfox Discovery Secures Series A from bp Ventures & Rio Tinto for Natural Hydrogen
National Grid Renewables Begins Operations at Two Minnesota Solar Projects
Hull Street Energy Acquires 300 MW of NY Power Plants from J-Power USA
Canadian Natural Resources Acquires Full Control of AOSP Mines in Swap with Shell
Elk Range Royalties Expands Portfolio with Strategic Permian & Eagle Ford Acquisition
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.
Large-Scale Commitment: 7M+ tons of CO₂ removed over 25 years, covering 60,000 acres with 35M trees planted.
Scaling Impact: Chestnut aims to restore 500,000 acres and remove 100M tons of CO₂ by 2030.
Microsoft’s Climate Strategy: Supports its net-negative carbon goal by 2030, diversifying its carbon removal portfolio.
Verified Carbon Credits: Project will register Gold Standard credits with biodiversity planting and land conservation.
Fund Size: The Manulife Forest Climate Fund LP secured $480.1M in its final close from global institutional investors.
Carbon Sequestration: Targets 6M+ metric tons of CO₂ removal, providing durable carbon credits for offset sales and in-kind distributions.
Key Acquisitions: Eagle Cap (Oregon) for sustainable forestry, Siscowet (Michigan) for carbon credit generation, and Oak Bluff (MS, LA, AR) for mixed-income strategies.
Market Strategy: Manulife IM positions forests as a leading natural climate solution, offering investors diversified private market exposure.
Strategic Investment: Cottonmouth Ventures, a subsidiary of Diamondback Energy, acquired 12.5M shares of Verde at $4.00/share, increasing its total investment to $70M.
Project Expansion: Funds will accelerate natural gas-to-gasoline plant development, utilizing Verde’s STG+ technology to convert Diamondback’s gas into refined gasoline.
Board Expansion: Cottonmouth gains Board representation, appointing Johnny Dossey as a director.
Sustainability Focus: Strengthens Diamondback’s low-carbon energy strategy while advancing Verde’s syngas-to-liquid fuels innovation.
Investor Backing: Series B round led by Tamarack Global & Cantos Ventures, with participation from Y Combinator, Overmatch, Alpaca, and Sparkwave.
Scaling Operations: Funding expands AI-driven drilling to 100,000+ meters/year, slashing exploration costs by 80%.
High Success Rate: Earth AI’s 75% mineral discovery success outperforms the 0.5% industry average.
Growth Plans: Targets 50+ mining sites, leveraging AI & satellite data for critical mineral discovery in the booming $10T clean energy metals market.
Backed by Munich Re Ventures and Microsoft Climate Innovation Fund, VEIR aims to scale superconducting solutions for AI and utilities.
Technology delivers 10x power density of traditional cables, boosting grid efficiency and resilience.
Designed to address growing energy demand from AI models and renewable energy integration.
Major Investment: Backed by bp Ventures, Rio Tinto, and Oxford Science Enterprises to scale natural hydrogen exploration.
Clean Hydrogen Focus: Targets low-carbon subterranean hydrogen as a viable alternative to fossil fuels.
Technology Development: Funds will expand operations, accelerate R&D, and reach commercialization milestones.
Academic & Industry Backing: Founded by Durham & Oxford scientists, combining geoscience with energy expertise.
Project Scale: The Fillmore County Solar and Louise Solar projects generate a combined 95 MW of solar power.
Economic Impact: Expected to generate $30M+ in economic benefits, $4M in tax revenue, and $380K for local schools over 20 years.
Sustainability: The projects will prevent 2M metric tons of CO₂ emissions, equivalent to taking 568,000 cars off the road annually.
Acquisition Scope: Hull Street Energy acquired four thermal power plants (Edgewood, Shoreham, Pinelawn, Equus Power I) totaling 300 MW in Long Island.
Expanding Portfolio: The acquisition boosts Hull Street’s energy assets to 2,590 MW of gas-fired and dual-fueled capacity.
Strategic Importance: The plants supply reliable power to Long Island, ensuring grid stability in a high-demand region.
Asset Swap: Canadian Natural trades 10% of Scotford Upgrader & Quest CCS for Shell’s 10% stake in AOSP mines—bringing AOSP ownership to 100%.
Production Boost: The deal adds 31,000 bbl/d to Canadian Natural’s output, with no cash exchanged except for standard closing adjustments.
Strategic Positioning: Strengthens long-life oil sands holdings, enhances export flexibility via Trans Mountain Expansion & U.S. Gulf Coast.
Asset Growth: Acquired 13,500 net royalty acres in Permian (4,500 acres) & Eagle Ford (3,000 acres), boosting Elk Range's 58,000-acre portfolio.
Production Potential: Includes 148 wells drilled annually since 2021, 28 DUCs, 76 permits, and over 2,800 identified undeveloped locations.
Key Operators: ExxonMobil, Apache, Diamondback, Occidental, ConocoPhillips, and Continental lead development on acquired assets.
Standard Lithium & Equinor Rebrand JV as Smackover Lithium
Rebranding: Joint venture renamed Smackover Lithium, focusing on DLE projects in Arkansas & Texas.
HNO International Signs $10M Hydrogen Offtake Deal with Texas Mobility Firm
Hydrogen Supply: HNO to deliver 500 kg of clean hydrogen daily from its 1.25 MW scalable platform to power Class 8 fuel-cell trucks.
Enphase Energy Expands in Southeast Asia, Enters Vietnam & Malaysia
Regional Growth: Enphase launches IQ8P Microinverters in Vietnam & Malaysia, targeting residential & commercial solar markets.
Baker Hughes Secures Major LNG Technology Orders from Venture Global
LNG Expansion: Baker Hughes to provide modular liquefaction train systems & power islands for Plaquemines LNG Phases 1 & 2 in Louisiana.
Solugen CEO Appointed to Department of Commerce Advisory Committee on Advanced Technology
Federal Recognition: Gaurab Chakrabarti, Solugen's CEO, joins the National Institute of Standards and Technology's Visiting Committee on Advanced Technology.
Teneo Launches Global Energy and Infrastructure Practice
Leadership & Expansion: Teneo appoints Bob Zabors & Dan Gabaldon as Vice Chairmen, adds Eric Spiegel & David Carroll as Senior Advisors, and opens a Houston office.
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.