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Greenbelt Capital Inaugural Fund Closes at Hard Cap of $1 Billion
Linde to Supply Industrial Gases to Low-Carbon Ammonia Facility in Louisiana
Gold H2 Has Successfully Produced Hydrogen from a Depleted California Oilfield
Echandia Secures Financing from S2G, Increasing Funding Round to SEK 325 Million
Cheniere Announces Positive FID on the Corpus Christi Midscale Trains 8 & 9 Project
Diversified Energy and Carlyle Eto Invest in Up to $2 Billion of PDP Energy Assets
EPIC Crude’s Strategic Position in the Premium Corpus Christi Market Continues to Advance
The almost headlines
In case you missed
Greenbelt hits $1B hard cap for Fund III to back energy transition and infrastructure innovators.
The firm exceeded its $750M target with backing from pension and sovereign wealth funds.
Led by energy veterans Chris Manning and Glenn Jacobson, Greenbelt now manages $2.5B.
Fund III is already deploying capital across a strong pipeline of energy and infrastructure opportunities.
Linde to invest $400M in largest air separation unit on Gulf Coast for low-carbon ammonia JV.
Linde will supply oxygen and nitrogen to a 1.4 MMT low-carbon ammonia plant led by CF Industries, JERA, and Mitsui.
The $400M air separation unit in Ascension Parish, Louisiana, will be the largest in the Mississippi River corridor.
Startup is expected in 2029, complementing Linde’s existing hydrogen and syngas assets.
The project is part of Linde’s strategy to expand clean energy and industrial gas infrastructure on the Gulf Coast.
Gold H2 uses microbes to turn old oilfields into hydrogen factories.
First underground hydrogen production from microbes at retired oilfield.
Claims cost of $0.50/kg hydrogen—potentially cheaper than natural gas.
Purity at 40% means additional processing required for commercial use.
Pilots planned in Texas and globally; U.S. demand uncertain amid policy risk.
Swedish maritime battery maker lands S2G backing as U.S. expansion accelerates.
S2G joins Echandia’s SEK 325M round, supporting North American production growth.
Funding boosts capacity and R&D for zero-emission marine battery systems.
Echandia’s tech powers ferries and tugboats with Lithium Titanate Oxide batteries.
Company revenue quadrupled in 2024 and is expected to triple again in 2025.
Selected to supply first zero-emission ferries in the U.S. (San Francisco Bay).
Methane-sensing firm Insight M raises $30M from Morgan Stanley’s climate PE arm to scale detection tech.
MSIM’s 1GT strategy led a $30M Series E in Insight M, with participation from DCVC, Climate Investment, and others.
Insight M uses aircraft-mounted sensors to detect fugitive methane emissions for energy operators.
The tech has helped avoid 110M+ metric tons of CO₂e to date.
Cheniere greenlights 5 MTPA LNG expansion, eyes >60 MTPA by 2028.
Corpus Christi Trains 8 & 9 add 5 MTPA of liquefaction capacity.
Total platform capacity projected to exceed 60 MTPA by late 2020s.
Company hikes dividend >10% to $2.22/share in Q3 2025.
Targets >$25B capital deployment and >$25/share DCF by early 2030s.
WhiteHawk acquires PHX Minerals for $4.35/share, growing its natural gas royalty footprint across key U.S. basins.
PHX shareholders received $4.35/share in an all-cash merger completed June 23.
The deal makes PHX a wholly owned subsidiary of WhiteHawk Income Corporation.
WhiteHawk manages 3.1M gross unit acres across Marcellus and Haynesville plays.
Diversified and Carlyle team up for $2B bet on long-life natural gas assets.
New JV will acquire and operate PDP oil and gas assets across the U.S.
Diversified to operate assets; Carlyle to securitize for long-term financing.
Focus is on reliable cash flow and energy security from existing wells.
Carlyle’s ABF group has deployed ~$8B since 2021 in private fixed income.
EPIC boosts its crude advantage with deeper Corpus Christi export access.
Port of Corpus Christi channel deepened to 54 feet, widened to 530 feet.
EPIC pipeline transports over 600,000 bpd, expandable to 1 million bpd.
Company serves both export and refinery markets with dock optionality.
Owned by Ares, Kinetik, and Diamondback; pipeline spans 700 miles.
BRUSH Group to Be Acquired by Energy Investor Greenbelt Capital Partners
UK grid hardware stalwart BRUSH to be acquired by U.S. firm Greenbelt.
OPAL Fuels Completes Third Sale of IRA Investment Tax Credits
OPAL Fuels sells $16.7M in tax credits as RNG momentum builds.
Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets
Entropy expands CCS footprint in Alberta and Saskatchewan with $20M deal and $15M earnout.
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.
