.svg)
NRG to acquire 13 GW natural gas fleet and CPower VPP platform from LS Power for $12B
Actis closes $1.7B for second long-life infrastructure fund focused on emerging markets
Kayne Anderson closes $2.25B energy PE fund, exceeding $1.5B target
Aemetis Biogas signs $27M contract with Centuri for 15 dairy digesters
Endolith seeks $20M Series A to scale copper-extracting microbes for mining
Prometheus Hyperscale, PureWest, and Frontier partner for 1.2 GW zero-carbon Wyoming data center
ArcLight becomes largest owner of NGPL with 62.5% stake after acquiring Kinder Morgan’s 25% interest
Glencore signs 2 mtpa LNG offtake deal with Commonwealth LNG
Tamboran raises $55.4M via PIPE to fund Shenandoah South drilling campaign
WhiteHawk to acquire PHX Minerals for $187M, expanding Haynesville royalty footprint
The almost headlines
In case you missed
Strategic acquisition doubles NRG’s generation capacity and boosts earnings outlook.
Portfolio includes 18 gas-fired assets and C&I virtual power plant leader CPower
Adjusted EPS growth raised from 10% to 14% CAGR over five years
Purchase includes $6.4B in cash and $2.8B in NRG stock (~11% stake for LS Power)
ALLIF2 targets brownfield assets in renewables, transmission, roads, and digital infra.
Nearly 50% deployed; pipeline exceeds $2B
Recent deals: solar in India (Stride Climate), transmission in Brazil
Assets backed by long-term contracts, inflation-indexed and currency-protected
Builds on $1.3B predecessor fund and part of $108B AUM platform post-General Atlantic merger
KPEIF III is Kayne’s largest fund ever, focused on cash-generating oil and gas assets.
Total raised across strategy exceeds $2.8B
Deployed $3.7B+ across 15 portfolio companies through KPEIF I–III
Strategy focuses on scale, free cash flow, and equity distributions
Buildout supports RNG production from 50 dairies in California.
Sixteen dairies to be online by summer 2025 as part of Modesto-based project
Current pipeline: 36 miles of biogas network connected to PG&E
Biogas expected to generate over 1M MMBtu RNG annually
Other Aemetis projects include SAF and carbon sequestration development
Biotech spinout from Cemvita aims to boost copper yields using bioleaching instead of acid.
Microbes sprayed onto crushed ore can unlock low-grade and previously processed copper deposits
Tech enables higher yields from 70%+ of global copper reserves deemed subeconomic
Lab-tested with BHP; field trials planned for 2025
Has raised $5.5M since late 2023 spinout; now targeting $15M–$20M Series A
Project to integrate low-carbon gas and biogenic carbon removal to power hyperscale infrastructure.
PureWest to supply verified low-carbon natural gas; Frontier to deliver 500K+ tCO₂ removals annually
Flagship data center site planned at 1.2 GW capacity with expansion potential
Biogenic CO₂ sourced from Mountain West; carbon credits used to offset emissions
Initiative aims to set a scalable model for sustainable data center design
9,100-mile pipeline system key to power, heating, and LNG markets in TX and LA.
NGPL features ~1M hp of compression and 288 Bcf of storage
Kinder Morgan retains 37.5% and continues to operate the system
ArcLight has owned/operated 65 GW+ of assets since 2001
Deal brings total long-term offtake at Louisiana facility to 3 mtpa; FID expected Q3 2025.
LNG sourced from Commonwealth’s 9.5 mtpa terminal in Cameron Parish
Includes gas supply from Kimmeridge Texas Gas under netback agreement
First LNG targeted for 2029; aligns with Glencore’s global LNG expansion strategy
Funding to support 40 MMcf/d pilot and Sturt Plateau compression facility.
$44.4M to close May 16; $11M pending shareholder approval
Campaign includes drilling 3 additional wells, stimulations, and flow testing
First gas expected mid-2026; BofA acted as sole placement agent
Deal adds 1.8M gross unit acres and boosts cash flow from 10,163 producing wells.
All-cash transaction at $4.35/share represents 21.8% premium
Post-deal, WhiteHawk will control 3.1M gross unit acres across U.S. gas basins
Funded via new equity and incremental debt; closing expected Q3 2025
Whitecap completes Veren merger, boosts 2025 production guidance to up to 368 Mboe/d
Whitecap becomes Canada’s 7th-largest oil and gas producer; exits Q2 with $3.2B liquidity.
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.
