Quantum closes $10 billion

Quantum Capital Group has raised over $10 billion in aggregate capital commitments across its private equity, structured capital, and private credit platforms focused on the energy industry.
The fundraising includes $5.25 billion for Quantum Energy Partners VIII, $2.8 billion for Quantum Capital Solutions II, and approximately $2 billion for other associated funds.
The latest fundraising cycle received broad institutional support from a diverse group of existing and new investors.
Quantum invests across the entire energy value chain, including oil and gas, midstream, thermal and renewable power generation, energy infrastructure, and energy transition.
Quantum has managed over $28 billion in equity commitments since its inception in 1998, focusing on the global energy and energy transition industry.

If you’re headed to pitch at 800 Capitol soon - you might enjoy this recent interview with Wil on Bloomberg.

Mitsui and Co., Ltd. has established a joint venture named Aves with subsidiaries of Repsol and Carbonvert for a carbon storage project in Texas.
Aves has signed lease contracts with the Texas General Land Office for access to pore space in CO2 storage offshore of Corpus Christi, Texas.
Project development activities underway include storage evaluation and engagement with CO2 emitters.
The equity interest in Aves is divided as follows: 45% Repsol, 45% Carbonvert, and 10% MEP Low Carbon Solutions.
In August 2023, the Texas School Land Board approved leasing the Port Aransas North and Mustang Island tracts to Aves, making it the sole awardee.
The tracts cover more than 140,000 gross acres and have an expected storage capacity exceeding 600 million metric tons of CO2.
The project is strategically located near existing industrial emissions of over 35 million metric tons per year and projections of more than 20 million metric tons per year from greenfield projects by 2035.

1PointFive and Enterprise Products Partners L.P. announced an agreement to develop a carbon dioxide transportation network in southeast Texas.
This project supports the Bluebonnet Sequestration Hub being developed by 1PointFive, a subsidiary of Occidental.
The Transportation Services Agreement allows Enterprise to create a new pipeline network for transporting CO2 emissions captured by nearby facilities to the sequestration hub.
The new pipeline network will be situated alongside existing pipeline infrastructure.

Nova Clean Energy has executed interconnection agreements and high voltage equipment supply contracts for wind power projects in Texas.
The project portfolio will deliver up to 1 GW of clean power to Texas consumers amidst growing electricity demand.
Construction of the power generation facilities is set to begin in late 2025, with power delivery expected in winter 2026.
Nova is finalizing agreements for an additional 500 MW of solar and storage in Texas.

The U.S. Department of Energy announced nearly $474 million in Grid Resilience State and Tribal Formula Grants to 49 states, 5 territories, and 254 Tribal Nations.
This funding aims to modernize the electric grid and reduce the impacts of extreme weather events while ensuring reliable power.
Supported by the Bipartisan Infrastructure Law, the Grid Resilience Formula Grant program will strengthen the power grid against climate-related disasters.
Over five years, a total of $2.3 billion is anticipated to be distributed based on population size, land area, and historical expenditures.
Key projects funded include upgrades for the Citizen Potawatomi Nation, installation of a lithium-ion battery system in Colorado, replacement of aging power lines in Kansas, and the Kiva Line Rebuild Project in Michigan.

Verse and Arcadia have partnered to provide unparalleled insight into corporate energy cost and use.
The partnership combines Arcadia's industry-leading utility data platform with Verse's intuitive design and advanced emissions data.
The integrated solution is available as the Verse Utility Bill Management app on Verse's Aria platform.

Urbint announced a $35 million strategic investment round led by S2G Ventures to enhance its storm response solutions for utilities during the hurricane season.
Urbint for Storm Response provides a centralized platform to manage storm and disaster response logistics, emergency work, and resource allocation in real-time.
The software helps utilities secure contractors quickly, manage crew logistics, optimize response spending, and reduce restoration times.
Bala Nagarajan of S2G emphasized the urgent need for utilities to invest in resiliency against extreme weather events.
Urbint's AI-driven risk mitigation solutions enable utilities to identify threats and better allocate resources to enhance safety and reliability.
Major utilities in the U.S. like Southern Company, Exelon, and National Grid utilize Urbint to protect infrastructure and improve response times during weather-related incidents.

Treehouse has announced $16.6 million in Series A funding to enhance electrification projects across the nation.
The funding round was led by Flourish Ventures and included investments from Eaton, Veriten, MassMutual Ventures, and others.
Treehouse plans to use this funding to expand its operations to assist automotive OEMs, utilities, fleet managers, and manufacturers in launching electrification programs.
The company addresses challenges in electrification like the shortage of licensed electricians and inefficient marketplace processes.
Treehouse operates as a centralized partner, providing end-to-end solutions from quoting to installation powered by AI.

SWA Lithium, a joint venture between Standard Lithium and Equinor, has signed a license agreement with Koch Technology Solutions for the deployment of Li-Pro^TM Lithium Selective Sorption technology at its commercial plant.
The agreement grants rights to utilize the technology for the project's lifetime along with potential future phases.
Lithium recovery is guaranteed to be 95.00% or higher with impurity rejection rates for Calcium, Sodium, Potassium, and Magnesium at 99% or more.
The commercial-scale DLE column at the demonstration plant has operated successfully, exceeding design targets for lithium recovery and impurity rejection.
Lithium recovery efficiency reached 95.4% during a four-month continuous operation period with significant impurity rejection rates.
The commercial-scale Li-Pro LSS column has completed over 725 operational cycles, processing over 24 million gallons of brine.

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.