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NEW - Sunya Stories with Bala Nagarajan from S2G Investments
Summit Carbon Solutions and Infinium Partner on Midwest eFuels Facility
Google Contracts $100M+ in Carbon Removal, Tripling 2023 Efforts
X-energy Raises $700M Series C-1 to Scale SMR & TRISO-X Fuel Technology
ABB & Sage Geosystems Team Up for Geothermal Power & Energy Storage
Tyba Raises $13.9M Series A to Boost Energy Storage Profitability
CS Energy & Calibrant Complete Three Battery Storage Projects in New York
The almost headlines
In case you missed
Video of the week
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.
CO₂ Supply Agreement: Up to 670,000 metric tons of CO₂ annually from Summit’s carbon pipeline network will be used for Infinium’s ultra-low carbon eFuels.
Project Scope: Facility planned in North Dakota or South Dakota, producing eFuels for aviation, shipping, and heavy transport.
Economic & Energy Impact: Supports energy independence, creates high-paying jobs, and expands markets for ethanol producers.
Industry Leadership: Infinium specializes in carbon-to-fuel conversion, while Summit is expanding carbon capture & storage in the Midwest.
New Backers: Nysnø Climate Investments & Jasoor Ventures join existing investors, including Equinor Ventures & Breakthrough Energy Ventures.
Scaling Mineralisation Tech: Funding supports commercialization, international expansion, and technology development for CO₂ removal.
Global Expansion: 44.01 opens Norway office and partners with ADNOC to scale mineralisation in the UAE.
Major Investment: $100M+ spent on carbon removal credits, up 3x from 2023, reinforcing Google’s climate commitment.
Innovative Projects: Backed Symbiosis for forestry carbon sinks, CarbonRun for waterway CO₂ removal, and ERW tech via Terradot.
Tech-Forward Approach: Funding biomass capture, biochar, and direct air capture breakthroughs to cut carbon removal costs.
Long-Term Vision: Expanding partnerships and scaling cost-effective climate solutions to meet global net-zero goals.
Transaction Details: TPG to acquire Altus Power for $5.00 per share, a 66% premium over its last closing price.
Strategic Impact: Enhances Altus Power’s ability to scale clean energy solutions for commercial and community solar customers.
Approval & Timeline: Board unanimously approved the deal; 40% of shareholders support it, with closure expected in Q2 2025.
Investor Backing: Segra Capital, Jane Street, Ares Management, & Emerson Collective join funding round.
Advanced SMR Expansion: Supports Xe-100 reactor deployment and TRISO-X fuel fabrication in Tennessee.
Scalability & Power: Each Xe-100 reactor delivers 80 MW, with multi-unit plants ranging 320–960 MW.
Strategic Partnerships: Amazon & X-energy plan 5+ GW of zero-carbon projects by 2039, with initial deployment at Dow’s Texas facility.
Strategic Partnership: Developing Geopressured Geothermal Systems (GGS) to support data center growth.
Project Scope: Includes Meta-backed 150 MW geothermal baseload initiative in the U.S., operational by 2027.
Market Expansion: Geothermal capacity expected to reach 110 GW by 2050, with $120B+ in investments by 2035.
Funding & Growth: $13.9M Series A led by Energize Capital, expanding AI-driven energy forecasting & trading.
Market Impact: Supports battery storage optimization, crucial for the clean energy transition and grid reliability.
Customer Expansion: Tripled customer base in the last year; $1B+ secured through its Project Simulation product.
Capacity & Location: Three standalone battery systems in Westchester County (Hawthorne, Yorktown, Ossining) totaling 13.4 MW.
Technology & Grid Support: Uses Tesla MegaPack2XL, optimizing grid reliability during peak demand periods.
Economic & Community Impact: Overcame local scheduling & logistics challenges, ensuring seamless integration & safety compliance.
Investment Focus: Targets upstream & midstream energy projects with $50M–$150M equity investments per deal.
Capital Strength: Now managing $3B+ in assets, having led $400M in recent investments.
Leadership Growth: Steven Cobb & Kevin Pohler promoted to Partner, reinforcing Pearl’s energy sector expertise.
ConocoPhillips Reports $9.2B 2024 Earnings, Sets $10B 2025 Capital Return
Q4 Financials: Earned $2.3B ($1.90/share), down from $3.0B ($2.52/share) in Q4 2023.
Clean Core Thorium Energy Raises $15.5M to Advance ANEEL Fuel
Funding Details: $15.5M Series Seed round to accelerate commercialization of ANEEL fuel, a thorium-HALEU blend for existing reactors.
EDPR NA Completes 3.4 MW Bristol I Community Solar Project in Maine
Aramco Digital, Armada, and Microsoft Launch World’s First Industrial Distributed Cloud
Cutting-Edge Deployment: Galleon edge data centers powered by Microsoft Azure adaptive cloud will drive AI and real-time automation in Saudi Aramco operations.
BlueWave Secures $118.2M to Expand Maine Community Solar Portfolio
Financing Breakdown: $48.2M debt from City National Bank and $70M tax equity from First American Commercial Bancorp.
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.
