.svg)
Good Morning. This is the Sunya Scoop. The newsletter that takes energy transition news and turns it into an easy-to-read email for you.
Here’s what we have for you today:
Wyoming issues draft Class VI permit for Tallgrass CCS project
Foresight has €300 million first close for energy transition fund
Mercuria invests in Black Bayou Energy hub, natural gas storage
Entergy and NextEra team up on 4.5 GW of solar and storage projects
TerraPower and Bechtel break ground on Natrium nuclear project in Wyoming
Oxy Low Carbon Ventures and TAE Technologies to explore fusion technology for Direct Air Capture
DOE releases fusion strategy and $180 million funding opportunity
The almost headlines
In case you missed
Wyoming DEQ issues draft Class VI injection well permit for Tallgrass CCS Project on June 8, 2024
Permit enters 60-day public comment period before final decision by Wyoming DEQ Director
Juniper I-1 well is part of Tallgrass's Eastern Wyoming Sequestration Hub (EWS Hub) for CO₂ storage
Project aims to transport over 10 million tonnes of CO₂ annually from multiple states via Trailblazer pipeline
Wyoming has primary enforcement authority for Class VI wells under EPA's UIC program
More than 200 Class VI well permit applications submitted for 80+ projects in 18 states and one tribal nation
Foresight's FEIP II energy transition infrastructure fund achieves €300 million first close
New cornerstone investors include Border to Coast Pensions Partnership
FEIP II aims for capital growth and stable income via diversified energy infrastructure portfolio
Focus areas: renewable energy generation, energy storage, grid infrastructure
SFDR Article 9 fund aligns with EU Taxonomy for sustainable investments
Strong momentum for future fund closes, targeting €1.25 billion by 2025
Fund managers emphasize long-term value creation and support for energy transition goals
Mercuria invests in Black Bayou Energy Hub, an underground salt dome energy storage company in Louisiana
Black Bayou is developing a large-scale storage facility in Cameron and Calcasieu Parishes, near the Louisiana/Texas border on the U.S. Gulf Coast
Mercuria's investment aims to progress the development of flexible and reliable energy infrastructure for a sustainable global energy future
Black Bayou focuses on FERC-regulated natural gas storage initially, with plans for storage development for various energy products
Project location strategically positioned between U.S. Gulf Coast energy supply and demand centers, including LNG export terminals and LNG liquefaction capacity
Black Bayou's salt dome, exclusive development rights, and proximity to energy infrastructure enable storage and wheeling services for a range of energy consumers and suppliers
Chesapeake Energy's 2023 Sustainability Report highlights its commitment to ESG performance and a lower carbon future.
Achieved 2025 climate targets early:
Reduced Scope 1 and Scope 2 GHG emissions intensity to 2.1 mtCO2e/gross operated mboe produced, surpassing the 3.0 mtCO2e/gross operated mboe produced target.
Achieved a more than 60% reduction in emissions since 2020.
Achieved Scope 1 and Scope 2 methane emissions intensity target of 0.02% volume methane emissions/gross operated natural gas produced, representing over an 80% reduction from 2020 levels.
Committed to achieving net zero GHG (Scope 1 and 2) emissions by 2035.
Joined OGMP 2.0 for improved methane emissions reporting accuracy.
Recertified all assets as 100% responsibly sourced gas (RSG) in 2023.
Report can be found here
Entergy and NextEra Energy Resources announce joint development agreement for up to 4.5 GW of new solar and energy storage projects
Agreement aims to meet growing demand for renewable energy in Arkansas, Louisiana, Mississippi, and Texas
Entergy emphasizes commitment to providing low-cost, renewable energy to customers
NextEra Energy Resources sees the power sector transitioning to low-cost, renewable generation and storage to meet growing electricity demand
Five-year agreement expected to facilitate development and construction of new solar and energy storage projects
Entergy is a Fortune 500 company serving 3 million customers in four states, investing in energy system reliability and cleaner solutions
NextEra Energy Resources is a clean energy leader with significant renewable energy and battery storage capacity across the U.S. and Canada
Bechtel begins construction of the Natrium Advanced Reactor Demonstration Project in Kemmerer, Wyoming
Project is part of the U.S. Department of Energy’s Advanced Reactor Demonstration Program
Natrium reactor uses sodium-based technology for cooling, providing clean, baseload operation with flexibility up to 500 megawatts
Project aims to power 400,000 homes and diversify the U.S. power generation industry
Partnership with TerraPower optimizes project lifecycle, construction, and cost-effectiveness
Natrium project combines TerraPower and GE Hitachi technology for clean, sustainable power generation
Bechtel brings 70 years of expertise in nuclear energy to the Natrium Demonstration Project, with a track record of building 150 nuclear plants worldwide, totaling 76,000 megawatts of new nuclear generation capacity
Bill Gates, one of the original backers of TerraPower, wrote a blog post on the groundbreaking
Occidental Low Carbon Ventures (OLCV) and TAE Technologies sign MOU to explore fusion technology for Direct Air Capture (DAC) facilities
Fusion technology aims to provide emissions-free power and heat for DAC, complementing OLCV's clean energy approach
Collaboration focuses on demonstrating reliability, cost savings, and safety of TAE's power management systems in commercial settings
OLCV emphasizes the need for various energy sources, including solar, NetPower, and potential renewables, depending on location and DAC technology
TAE's fusion technology utilizes hydrogen fusion to produce clean energy or heat, managed through steam and turbine systems
DOE releases Fusion Energy Strategy 2024 in line with the U.S. Bold Decadal Vision for Commercial Fusion Energy.
Strategy focuses on three pillars: closing S&T gaps for a fusion pilot plant, preparing for commercial deployment, and building partnerships.
Announces $180 million funding opportunity for Fusion Innovative Research Engine (FIRE) Collaboratives to bridge foundational science research with industry needs.
FIRE Collaboratives aim to support US-based manufacturing and supply chains in fusion energy research.
Funding opportunity open to accredited U.S. colleges, universities, national laboratories, nonprofits, and private companies.
Sunya Stories podcast - Capturing Carbon with Carbonvert CEO Alex Tiller
You can subscribe via Spotify or Apple Podcasts as well.
Last Thursday’s edition - Texas turns up the heat (with gas-fired power)
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.
