.svg)
Quick question for you
NGP launches NGP Sustainable Real Assets for clean energy platforms
German and state governments grant funding for large hydrogen projects by RWE
Hyperscalers call for supplier action to decarbonize digital infrastructure
The almost headlines
In case you missed
Report of the week
We’re tweaking the design. It’s a work in progress. Send thoughts.
Just hit reply and email your thoughts if you’d like.
NGP announces the launch of NGP Sustainable Real Assets, LLC (NGP SRA) with $500 million in capital commitments from NGP Energy Transition IV, L.P., and co-investors.
NGP SRA is created to invest in real asset development platforms focusing on clean power, clean fuels, carbon, transportation, and critical minerals.
NGP SRA combines NGP's 35-year track record in partnership-oriented investing, having backed over 300 development platforms in the energy sector, with significant resources dedicated to the energy transition.
NGP SRA aims to back teams and projects earlier in their lifecycle, building scaled, diversified, derisked projects and platforms for transfer to lower-cost, longer-term capital pools.
Initial investments include Segue Renewables II, LLC; Cloverleaf Infrastructure, LLC; and CO280 Solutions, Inc.
Segue invests in development-stage energy transition projects and infrastructure, Cloverleaf develops clean-powered sites for large electric loads, and CO280 leads in Carbon Dioxide Removal projects in the pulp and paper industry.
Woodside agrees to acquire Tellurian, including its Driftwood LNG, for $900 million, valuing the enterprise at $1.2 bn.
The acquisition positions Woodside as a global LNG leader with a scalable 27.6 Mtpa US LNG development option.
It enhances Woodside's standing as a major independent LNG company, adding a fully permitted US LNG option.
Woodside remains committed to reducing net equity Scope 1 and 2 emissions by 2030 and achieving net zero by 2050.
Driftwood LNG, near Lake Charles, Louisiana, is planning five LNG trains across four phases, targeting FID readiness by Q1 2025.
The development is fully permitted and construction has begun.
Woodside provides a $230 million secured loan to maintain site activity until transaction completion.
Gold H2 announces the availability of its Black 2 Gold Technology (B2G), transforming depleted oil fields into hydrogen-producing assets using existing infrastructure.
Gold H2 has signed an MOU with a major domestic oil and gas operator to begin production, marking the start of pilot demonstrations with large oil majors.
The pilot will demonstrate the commercial viability of Gold H2’s technology, aiming to transform non-productive oil wells into mass hydrogen-producing assets.
B2G technology converts depleted oil reservoirs into subsurface hydrogen biorefineries, targeting reservoirs suitable for waterflooding with specific temperature and dissolved solids conditions.
The technology provides a new economic use for near-end-of-life oil assets, potentially revitalizing them as productive hydrogen sources.
Cowboy Clean Fuels closes Series B financing of $13 million for renewable natural gas and carbon dioxide sequestration technology
Technology utilizes depleted Coal Bed Methane wells for carbon-negative RNG production
Financing led by Machan Investments and supported by Wyoming Energy Authority funds
TRECCS Project in Wyoming marks commercial operations milestone with 15,000 barrels injected
CCF's technology contributes to the growth of RNG and carbon dioxide removal markets, positioning Wyoming as a leader
German government and state governments grant over 619 million euros for two of RWE's hydrogen projects.
Funding supports a 300-MW electrolyser in Lingen (Lower Saxony) for the GET H2 Nukleus project and a hydrogen storage facility in Gronau-Epe (North Rhine-Westphalia).
Additional 199 million euros granted to a consortium including RWE for a 100-MW electrolyser plant in Rostock (Mecklenburg-Western Pomerania) as part of the HyTechHafen Rostock project.
Funding split includes 70% from the federal government and 30% from the states of Lower Saxony, North Rhine-Westphalia, and Mecklenburg-Western Pomerania.
RWE plans significant investments in the three projects, amounting to a medium three-digit million-euro figure.
The Lingen site aims to install 300 MW of hydrogen generating capacity by 2027, with the first 100-MW electrolyser operational by 2025.
Crusoe Energy Systems and Lancium are collaborating to build a 200 MW data center at the Lancium Clean Campus in Texas.
The data center will be optimized for high-density data halls to support AI workloads and will draw on local renewable energy sources.
The facility aims to operate up to 100,000 GPUs on a single integrated network fabric for AI training and inference workloads.
The collaboration is expected to bring sustainable benefits to the community in Abilene and support the future of AI infrastructure.
The data center is set to be energized in 2025, with Lancium focusing on energy management and Crusoe owning and developing the facility.
Leading digital infrastructure companies call for industry adoption of Environmental Product Declarations (EPDs) to accelerate net-zero ambitions
Scope 3 emissions make up large percentage of hyperscale and data center carbon emissions
Environmental Product Declarations (EPDs) detail the greenhouse gas emissions of infrastructure products through their entire lifecycle
The iMasons Climate Accord Governing Body members advocate for greater transparency in Scope 3 emissions to reduce industry's carbon footprint
Hyperscalers emphasize the importance of EPD adoption in making informed, sustainable procurement decisions
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.
