Baker buys Chart

$13.6B deal expands Baker Hughes’ technology footprint across LNG, data centers, and clean energy.

Baker Hughes will acquire Chart Industries for $210/share, enhancing its energy tech platform and expanding its addressable market.
The merger is expected to yield $325M in cost synergies and be accretive to earnings and free cash flow.
Backed by bridge financing from Goldman Sachs and Morgan Stanley, the deal is slated to close mid-2026.

Quantica aims to streamline AI and hyperscale data center development with power, land, and fiber under one roof.

EnCap-backed Quantica Infrastructure will deliver integrated sites with grid, renewables, and fiber connectivity to accelerate deployment.
The platform targets the growing shortfall of ready-to-build data center sites across North America.
Leadership team brings deep power, fiber, and development expertise; EnCap sees it as key to enabling U.S. AI infrastructure expansion.

New platform to aggregate and lease land for solar, wind, and storage projects across the continent.

JouleTerra’s debut includes Electric Land and Solaria’s Generia Land; it will offer long-term land leases to renewable developers.
Stonepeak sees land bottlenecks as a key barrier to meeting Europe’s clean energy targets.
Strategy includes platform M&A and greenfield aggregation to scale grid-connected, project-ready sites.

Erova manages trading and risk services for wind, solar, WtE, and battery assets and recently expanded into B2B energy supply.
Erova’s founders and Mitsui & Co. will retain involvement; operations will continue from Dublin and London.
Macquarie plans to scale Erova’s platform into new geographies as clean energy generation ramps up.

New JV to back solar projects in Ohio, Kentucky, Indiana, and Oklahoma.

Ares (80%) and Savion (20%) launched Tango Holdings to co-own solar assets including Martin County and Kiowa County projects.
The platform will manage 496 MW of solar with Shell Renewable Asset Management as operator.
Ares has added 4 GW of power generation assets across nine states in the past year.

Financing will accelerate development of Treaty Oak’s 17.3 GW clean energy pipeline.

ING, Nomura, and SMBC led a $300M senior secured credit facility for Treaty Oak to fund solar, wind, and BESS development.
Proceeds support project interconnection, equipment procurement, and letters of credit for offtake agreements.
Treaty Oak, backed by Macquarie, has 485 MW under contract and began building its 100 MW Redfield Solar Project in Arkansas.

Lyten to restart Gdansk battery production and scale lithium-sulfur tech to meet AI-era energy storage demand.

Funding brings total capital raised to $625M; supports European expansion and restart of Northvolt Dwa facility in Poland.
Lyten acquires Northvolt’s Voltpack Mobile Systems and Voltrack IP, planning Q4 2025 product deliveries.
With over 540 patents and U.S. manufacturing in San Jose, Lyten positions lithium-sulfur as a cleaner, denser alternative for AI and grid storage markets.

Google backs Energy Dome’s long-duration storage tech to advance 24/7 carbon-free goals.

Google entered a global commercial agreement and made a strategic investment in Energy Dome’s CO₂ Battery technology.
The battery offers 8–24 hours of dispatchable storage without lithium or rare earths and supports Google’s 2030 clean energy goals.
Projects will be deployed in Europe, the U.S., and Asia-Pacific; design is modular and uses off-the-shelf components.

San Antonio utility to test distributed pyrolysis for hydrogen and solid carbon co-production.

CPS Energy will pilot Modern Hydrogen’s gas-to-hydrogen pyrolysis tech to support grid reliability and decarbonization.
The process generates hydrogen and reusable solid carbon without CO₂ emissions.

Ethereum infrastructure firm plans to go public via SPAC with $1.6B+ in capital.

The Ether Machine will go public through a merger with Dynamix Corp., trading as ETHM on NASDAQ.
The deal includes $800M from institutional investors and ~$645M from Andrew Keys, totaling $1.5B+ in capital.
ETHM will manage 400K+ ETH, targeting institutional staking, ETH yield, and infrastructure support.

John B. Hess Joins Chevron’s Board of Directors
Former Hess Corp. CEO joins Chevron's board following landmark acquisition.
Gevo Sells Carbon Credits from North Dakota Asset
Gevo begins monetizing CCS from ethanol plant through high-integrity carbon removal credits.

Sunya Stories episode #12 with David Heikkinen of WhiteHawk Energy.