.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:
CF Industries and POET to pilot low-carbon ammonia fertilizer
Infinitum raises $35mm Series E extension from Rice and Marunouchi
Dimension Energy to invest $3 billion in solar and battery projects
Energy Transfer and Sunoco form JV for Permian oil and produced water
The almost headlines
In case you missed
CF Industries and POET collaborate to pilot low-carbon ammonia fertilizer in corn production to reduce ethanol's carbon intensity.
Use of low-carbon ammonia could potentially reduce ethanol's carbon intensity by up to 10%.
Initial applications planned for fall 2024 with subsequent applications in spring 2025 for harvesting in fall 2025.
CF Industries aims to decarbonize bioethanol inputs through low-carbon fertilizers, benefiting both ethanol production and corn growers.
Joint efforts include developing a low-carbon fertilizer supply chain from CF Industries’ Donaldsonville Complex to POET’s bioprocessing plants.
CF Industries plans to produce green ammonia using hydrogen from an emissions-free electrolysis process, enhancing sustainability.
Future plans include scaling up green ammonia production with a carbon capture and sequestration project starting in 2025.
Completed $37 million Series A funding round to advance technology, commercialization, and global expansion.
Investors include Equinor Ventures, Shorooq Partners, Air Liquide Venture Capital, Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A Ventures, Salica Oryx Fund, Siemens Financial Services, Sumitomo Corporation, and others.
Technology piloted successfully in Oman and the UAE.
Potential for CO2 mineralisation on every continent, offering a safe, permanent, and scalable carbon sequestration solution.
Fundraise supports further technology refinement and international deployment.
Recognized with Earthshot Prize and XPRIZE Carbon Removal Top 20 Finalist for Project Hajar in Oman.
LevelTen Energy secures approximately $65 million in Series D funding to scale transaction infrastructure for clean energy projects.
Funding led by B Capital, with participation from Aster, Constellation, Google, Intercontinental Exchange (ICE), Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, ZOMA Capital, and others.
Funds will support expansion into new markets and technologies like granular certificates and clean hydrogen.
LevelTen's platform has facilitated over $14.8 billion in clean energy transactions, including power purchase agreements (PPAs) and asset sales.
The company aims to accelerate deployment of carbon-free energy globally, supporting 24/7 carbon-free energy goals and expanding into 32 countries.
Initiatives include supporting utilities, decarbonizing heavy industry, and advancing clean hydrogen through collaborations like the H2DI program.
Infinitum secures $35 million Series E extension led by Marunouchi Innovation Partners and Rice Investment Group.
Total Series E funding now stands at $220 million, aimed at scaling company operations and advancing decarbonization efforts.
Infinitum’s sustainable air-core motor systems reduce energy consumption by 10-65% compared to traditional motors.
Motors are 50% smaller and lighter, use 66% less copper, and integrate variable frequency drives for efficiency.
Implementation of Infinitum’s motors in US sectors could potentially save 127 terawatt-hours annually, reducing CO2 emissions by 90.2 million metric tons.
Marunouchi Innovation Partners focuses on achieving a carbon-neutral society through investments in climate tech.
Rice Investment Group, backed by the Rice family, supports energy sector investments with a focus on decarbonization and shareholder value.
Infinitum aims to expand production to meet growing demand for sustainable motor systems, enhancing energy efficiency and reducing environmental impact.
Eurazeo's maiden infrastructure program, ETIF, closes at €706 million, surpassing its €500 million target by over 40%.
Institutional investors from North America, EMEA, and France contribute to the fund, reflecting strong demand for sustainable infrastructure investments.
ETIF focuses on SFDR Article 9-compliant strategies, aiming to transition essential services to a low carbon economy.
Portfolio includes 6 companies across energy, digital, clean transport, and environmental sectors, aiming for carbon net neutrality by 2040.
Key investments include Ikaros Solar, Resource (plastic waste sorting), Electra (EV fast charging), Etix Everywhere (edge data centers), TSE (agrivoltaic solar), and 2BSI (waste management).
Southwest Airlines and Archer Aviation signed an MOU to develop operational plans for electric air taxi networks in California.
Archer’s eVTOL aircraft, like the Midnight, aims to replace urban commutes with short, emissions-free flights.
The collaboration intends to integrate air taxis into Southwest’s operations at California airports.
Archer focuses on electrifying aviation for improved urban connectivity and efficiency.
Southwest Airlines aims for net zero carbon emissions by 2050, aligning with their sustainability goals.
Dimension Energy plans to invest $3 billion over the next five years in solar and battery storage projects.
By the end of 2025, the company aims to have over 500 megawatts (MW) of operating community solar assets, representing $1.1 billion in total investment.
Currently, Dimension Energy has 169 MW under construction across 8 states in the U.S.
Founded in 2018 and backed by Partners Group, Dimension Energy has expanded to become a prominent developer, owner, and operator in the community solar and battery storage sectors.
The company aims to solidify its position as a leader in the U.S. community-scale clean energy market, with initiatives spanning states like Virginia, New Jersey, and California.
Energy Transfer LP and Sunoco LP form joint venture in Permian Basin for crude oil and produced water gathering assets.
Energy Transfer operates the joint venture, contributing its assets, excluding long-haul crude pipelines.
Sunoco contributes all Permian crude oil gathering assets to the joint venture.
Joint venture manages over 5,000 miles of pipelines and 11 million barrels of crude oil storage capacity.
Energy Transfer holds a 67.5% interest, while Sunoco holds a 32.5% interest.
XGS Energy Acquires Premier Geothermal Drilling Services Company Capuano Engineering
Envision Energy Launched Joint Venture with PIF and Vision Industries
Sunya Stories podcast - Capturing Carbon with Carbonvert CEO Alex Tiller
You can subscribe via 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.
