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INEOS-Led Greensand to Launch EU’s First Full-Scale CO2 Storage Facility
Equinor and Partners Approve UK’s First Carbon Capture and Storage Projects
Frontier Carbon Solutions Offers CO2 Removal Credits with New Storage Hub
Phillips 66 and NextEra Energy Partner to Power Rodeo Renewable Energy Complex with Solar
ArcelorMittal and LanzaTech Achieve Ethanol Milestone at Steelanol
TotalEnergies and OQ to Develop 300 MW of Renewables in Oman
WeaveGrid Raises $28M to Optimize EV Integration with the Grid
Natura Resources Leads Texas Energy Innovation with Small Modular Reactors
Boardwalk Approves Kosci Junction Pipeline for Southeastern U.S. Markets
The almost headlines
In case you missed
Key milestone: Greensand Future will store 400,000 tonnes of CO2 annually starting late 2025/early 2026, with plans to expand to 8M tonnes/year by 2030.
Investment: Over $150M allocated across the CO2 capture, transport, and storage value chain.
Operations: CO2 will be captured in Denmark, transported to Esbjerg, and stored in the Nini field offshore.
Long-term vision: Aims to meet the EU’s projected 250M tonnes/year carbon storage capacity needs by 2040.
Projects approved: Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power) to decarbonize the UK’s industrial regions.
CO2 storage: NEP will initially handle 4M tonnes/year of CO2 in 2028, scaling to 23M tonnes/year by 2035.
Decarbonized power: NZT Power will produce 742 MW of gas-fired electricity while capturing 2M tonnes/year of CO2.
Economic impact: Combined investment of £4B, creating thousands of jobs in north-east England.
Key stakeholders: Backed by bp, Equinor, and TotalEnergies
Timeline: NEP construction begins mid-2025, with operations expected from 2028 onward.
Project scale: Sweetwater Carbon Storage Hub to store 400,000 metric tons of CO2 annually starting in 2026.
Logistics: Utilizes Union Pacific rail to transport CO2 for permanent storage in Wyoming, bypassing pipelines.
Carbon credits: High-quality removal credits registered for the voluntary carbon market.
Efficiency: Advanced liquefaction tech achieves 85% carbon removal efficiency.
Funding: Includes $27M from Frontier buyers and Google’s contract for 200,000 tonnes CO2 removal post-2029.
Innovative tech: Maximizes CO2 uptake through enhanced rock weathering in Brazil and other regions.
Growth: Scaling ERW with major partnerships and precise measurement tools.
Focus: Funds Milkywire’s Climate Transformation Fund to advance early-stage carbon removal tech.
Impact: Salesforce supports projects across 15 countries, emphasizing innovation and ecosystem benefits.
Renewable power: 30.2 MW solar facility to reduce Rodeo Complex’s grid power reliance by 50% and cut 33,000 metric tons of CO2 annually.
Energy output: Solar plant to produce 60,000 MWh/year, enough to power 23,000 EVs annually.
Facility focus: Rodeo Complex produces renewable diesel and sustainable aviation fuel, running fully on renewable feedstocks since June.
First shipment: Ethanol produced from blast furnace emissions shipped to LanzaTech customers for purification and sale.
Production scale: Facility produces 80M liters annually, reducing 125,000 tonnes of CO2 emissions per year.
Decarbonization: Supports EU climate goals, using industrial emissions as raw materials for fuel and consumer products.
Coalition goals: Build 5 GW of renewable projects by 2028, preventing 15B pounds of CO2 emissions annually.
Community focus: Expand sustainable infrastructure and boost economic inclusion across the U.S.
Corporate support: Microsoft's Sustain Our Future Foundation emphasizes equitable community benefits.
Impact: Projects to power 850,000+ homes while driving billions in clean energy investments.
Project breakdown: 100 MW solar (North Solar) and 200 MW wind (Riyah-1 & Riyah-2) to supply PDO via long-term PPAs.
Energy output: Over 1.4 TWh annually, with operations starting late 2026.
Partnership: TotalEnergies (49%) and OQAE (51%) aim to support Oman’s energy transition and economic growth.
Solar capacity: Developing 147 MW across Lazio, operational by 2026, reducing 79,500 tons of CO2 annually.
Financing: Includes €114M in senior debt and €51M for VAT financing.
Renewable leadership: Enfinity has 4.8 GW solar/storage pipeline in Italy, securing €865M financing in 2024.
Proposal details: Masdar, CPP Investments, ADIA, and Suman
t Sinha offer $7.07/share for outstanding equity.
Special Committee: Formed to evaluate strategic options, led by independent advisors Rothschild & Co and Linklaters LLP.
ReNew’s portfolio: 16.3 GW clean energy capacity, a leading decarbonization solutions provider.
Project scale: Pediment BESS will deliver 250 MW/1,000 MWh storage to support Arizona's energy grid.
Economic impact: Over $16M expected to benefit the local economy.
Timeline: Operations to begin in 2026 under a 20-year agreement with Salt River Project.
Financing: Led by Société Générale, ING Capital, and Bank of America, with construction loans and tax credit transfers.
Groundbreaking deal: Europe’s first 7-year fixed-price FPA for a battery energy storage project.
Revenue certainty: Agreement guarantees €85–€95M income from 2027–2033, reducing market risks.
Portfolio strength: Nofar Energy manages 10 GW renewable energy and 10 GWh battery storage globally.
Funding focus: Led by Toyota's Woven Capital to enhance grid-integrated charging for EVs.
Market reach: Supports utilities serving 40% of U.S. EVs and integrates with major automakers.
Technology: AI-driven EV Management System ensures reliability, cybersecurity, and improved driver experience.
SMR technology: Developing molten salt reactors for flexible baseload power and water desalination, targeting demonstration by 2026.
Key milestone: First liquid-fueled reactor permitted by the U.S. Nuclear Regulatory Commission, built at Abilene Christian University.
Sustainability: SMRs designed to be water-efficient, addressing Texas's energy and drought challenges.
Funding secured: Raised $78M across three investment rounds in five years.
Financial targets: $20B earnings and $30B cash flow growth by 2030, with 30%+ returns from key investments.
Key drivers:
5.4M boepd production, 60% from advantaged assets.
$30B+ in low-emission investments for carbon capture, hydrogen, and lithium.
Growth in Permian drilling locations and 1.7M bpd capacity in Guyana.
Capital allocation: $140B to major projects, focusing on low-cost, high-return opportunities.
Project scope: 110 miles of 36-inch pipeline, backed by a 20-year anchor agreement, with capacity up to 1.58 Bcf/d.
Regional impact: Connects supply from Haynesville, Utica/Marcellus, and Fayetteville basins to Southeastern U.S. markets.
Timeline: FERC pre-filing in Q1 2025, with operations targeted for H1 2029.
Demand drivers: Supports growth in data centers and industrial energy needs in Mississippi and the Southeast.
Strategic collaboration: Nabors to purchase e2Companies’ R3Di® Systems for grid-independent power at U.S. drilling sites.
Decarbonization: Shift from diesel to microgrid power, reducing emissions and improving efficiency.
Market impact: Oilfield electrification market projected to reach $23B by 2030.
Regional focus: Initial deployment in Permian Basin and Bakken Formation, with future scalability.
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.
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.
