SUNYA SCOOP

Billion dollar LNG deal

March 27, 2025

New Fortress Energy Sells Jamaica LNG and Power Assets to Excelerate for $1.055B

  • Transaction Size: NFE will sell its Jamaican LNG import terminals and 150 MW CHP plant to Excelerate Energy for $1.055B.

  • Strategic Shift: Sale aligns with NFE’s portfolio optimization strategy; proceeds will be used to pay down debt.

  • Legacy Impact: NFE helped Jamaica reduce reliance on oil since entering the market in 2016; Excelerate aims to build on this with global LNG services.

Pennybacker Acquires Baseline Energy to Expand Distributed Power Fleet

  • Acquisition: Pennybacker Capital bought Baseline Energy, which operates 210 MW of mobile natural gas generation assets.

  • Growth Plan: Targeting 1 GW of flexible, low-carbon power for data centers, industry, and utilities.

  • Baseline Reach: Active in 8 U.S. states with a 1,200-unit fleet, supporting rapid deployment and cost-effective energy resilience.

GeoRedox & Sage Geosystems Team Up to Unlock Low-Cost Geologic Hydrogen

  • Hydrogen Breakthrough: New “stimulated geologic hydrogen” method enhances natural mineral reactions underground.

  • Demo Project: Field demonstration with Sage Geosystems set for 2026; aims to validate large-scale, carbon-free H₂ near industrial sites.

  • Game-Changer: Tech could tap into Earth’s crust iron reserves for low-cost hydrogen, leveraging O&G drilling techniques.

  • Backed by Science: Founded by MIT scientists, GeoRedox blends geochemistry + deep tech to meet rising hydrogen demand.

Captura Sells First DOC Carbon Credits, Inks 30,000-Ton Deal with MOL

  • Milestone: Captura signed a 30,000-ton carbon credit offtake with Mitsui O.S.K. Lines, marking its first commercial sale.

  • Tech: Captura’s Direct Ocean Capture (DOC) tech removes CO₂ by extracting it from seawater.

  • Next Phase: Commercial facilities will capture 30,000–50,000 tons/year; Captura will license tech to global partners.

TotalEnergies & Partners Greenlight Phase 2 of Northern Lights CCS Project

  • Capacity Boost: Expanding CO₂ storage from 1.5M to 5M tonnes/year by 2028, investing NOK 7.5B.

  • Anchor Offtake: 15-year deal with Stockholm Exergi for 900K tonnes/year starting 2028.

  • CCS Infrastructure: Will include new tanks, ships, injection wells, and leverage existing storage off Norway’s coast.

  • Strategic Impact: Seen as a cornerstone project for scaling carbon removal across European industry.

PG&E Advancing $43 Million for Nine New Community Microgrids in Northern California

  • Grant Funding: PG&E will award up to $43M to support 9 new community microgrids under California’s $200M Microgrid Incentive Program (MIP).

  • Community Impact: Projects will serve ~9,000 customers, including tribal communities and people with access and functional needs, in Humboldt, Lake, and Marin Counties.

  • Clean Tech: Microgrids will use solar + battery storage and receive $1–6M each, plus up to $1M for interconnection.

Equinor Acquires 95 MW Lyngsåsa Wind Farm in Southern Sweden

  • Capacity & Output: The 95 MW Lyngsåsa wind farm generates ~300 GWh/year, ~10% of Equinor’s 2024 renewables output.

  • Commercial Model: Energy sold into the southern Swedish spot market, boosting merchant exposure and operational cashflows.

  • Ownership & Ops: Equinor now owns 100% of Lyngsåsa Kraft AB; BayWa r.e. remains technical and commercial operator.

  • Asset Details: Located in Alvesta, Sweden, the 22-turbine project has been operational since September 2021.

GridPoint Raises $45M to Expand Internationally and Support AI-Driven Grid Resilience

  • Funding: GridPoint raised $45M, led by Marunouchi Innovation Partners, with backing from Goldman Sachs, Shell Ventures, and others.

  • Growth Strategy: Capital will accelerate expansion into Japan and South Korea and scale its intelligent energy platform.

  • Product Impact: GridPoint’s software has been deployed in 20,000+ commercial buildings, improving energy efficiency and grid flexibility amid surging AI and EV-driven demand.

TotalEnergies Reports Sustainability Progress, Sets Stricter 2025 Targets

  • 2024 Highlights: Reduced methane emissions by 55%, cut upstream CO₂ intensity to 17 kg/boe, and invested $5B in low-carbon energy.

  • New 2025 Targets: Scope 1 & 2 emissions cap set at <37 MtCO₂e; lifecycle product intensity target at -17% vs. 2015.

  • Power Play: Net electricity production rose 23%, with $4B invested in integrated power projects.

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.