.svg)
Mitsubishi & Alt Carbon Partner to Scale CO₂ Removal via Enhanced Rock Weathering in South Asia
Frontier Signs $33M CO₂ Removal Deal with Eion for Enhanced Rock Weathering
CIP Secures AUD 814M for Murchison Green Hydrogen Project in Australia
Verdagy Taps Black & Veatch for 60 MW Green Hydrogen Project in Texas
ENGIE & Ares Add 0.9 GW of Solar + Storage to U.S. Portfolio
Apricus Generation Secures $30M Credit Facility for Clean Energy Pipeline
NGP-backed Elk Range Acquires DJ Basin Minerals from Oxy for $905M
The almost headlines
In case you missed
Tech + Climate: Partnership will deploy Enhanced Rock Weathering (ERW)—using crushed basalt to sequester CO₂ and improve soil health.
Major Milestones: Backed by $1B prepurchase agreement from Frontier, with $500K already delivered for early ERW removals.
Scale Ambition: Alt Carbon targets 5M tonnes CO₂ removal annually by 2030, scaling to 1B tonnes/year across South Asia.
Deal Details: Frontier buyers will pay $33M to remove 78,707 tons of CO₂ via Eion's olivine-based soil amendment between 2027–2030.
Agri-CoBenefits: Farmers use Eion’s product as a cost-effective alternative to ag lime, enabled by carbon credit revenue.
Climate + Crop Solution: Olivine reacts with rainwater to turn CO₂ into bicarbonate, permanently stored in oceans, while improving soil pH.
Science-Backed MRV: Eion conducts deep soil sampling to measure carbon removal—leading R&D in enhanced rock weathering.
Massive Export Ambition: 1.8M tonnes/year of green ammonia aimed at Asian markets, powered by 6 GW of wind and solar.
Government Backing: Awarded AUD 814M ($545M USD) from Australia’s Hydrogen Headstart program—the country’s largest green hydrogen subsidy.
CIP Footprint: Adds to CIP’s 30 GW pipeline in Australia; complements investments like Star of the South offshore wind.
Hydrogen Scale-Up: Plant to produce 9,000+ tons/year of clean hydrogen, targeting FID by July 2025.
U.S.-Made Tech: Powered by Verdagy’s eDynamic electrolyzers, capable of real-time energy flexibility.
Economic Impact: Brings $150M+ investment to Texas, boosts clean energy exports, and supports domestic job creation.
Portfolio Growth: Total ENGIE-Ares JV reaches 3.7 GW with this ERCOT & MISO solar + storage deal.
Ownership & Operation: ENGIE maintains controlling stake & operations, reinforcing its 11 GW NA portfolio.
Strategic Vision: ENGIE targeting 95 GW of renewables globally by 2030; Ares sees strong ROI via asset diversification.
Capital Flexibility: New $30M revolving credit line from Atlantic Union Bank to accelerate solar and battery storage projects.
Platform Growth: Follows Nexus Renewables acquisition, supporting Apricus’s energy transition-focused platform.
Market Confidence: Signals lender trust in Apricus’s clean energy strategy and management team.
Ownership Shift: ArcLight will hold 62.5% of NGPL, with Kinder Morgan retaining 37.5% and operating control.
Infrastructure Scale: NGPL operates 9,100 miles of natural gas pipelines, supplying Chicago & LNG export terminals.
Landmark Deal: Acquires 250,000 NRAs in Colorado’s DJ Basin—one of the largest royalty deals to date.
Asset Visibility: Assets under Chevron & Civitas development, offering production upside & long-term value.
Growth Trajectory: Launches Elk Range Royalties III, with $1.2B+ capital deployed since 2020 across 23,500+ producing wells.
Financial Strategy: Increasing shareholder distributions to 40–50% of operating cash flow, cutting capex to $20–22B.
LNG & Oil Growth: LNG sales to grow 4–5%/yr through 2030; oil liquids output sustained at 1.4M bpd.
Decarbonization Path: Targets 10% of capital employed in low-carbon solutions by 2030, maintaining 2024 energy transition goals.
Mesa Minerals Launches Royalties IV With NGP Equity Commitment
New Vehicle: Mesa Royalties IV Holdings formed with new equity from NGP Royalty Partners III.
Invenergy’s First Green Hydrogen Plant Goes Live in Illinois
Sauk Valley Project: Produces 40 metric tons/year of green hydrogen via Ohmium electrolyzers, powered by solar energy.
Energy Abundance Unveils “Data City, Texas” – 5GW Green AI Data Hub
Massive Scale: 5 GW of behind-the-meter capacity across 50,000 acres near Laredo, targeting AI hyperscalers.
Check out the latest Sunya Stories podcast with Bala Nagarajan from S2G Investments
Bala Nagarajan is Managing Director of the Energy Investment team at S2G Investments.
You can find it on Spotify or Apple Podcasts.
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.
