SUNYA SCOOP

Eni goes exclusive with GIP

May 27, 2025

Eni signs exclusivity agreement with GIP to sell 49.99% stake in Eni CCUS Holding

Deal would give GIP co-control and investment support across UK, Dutch, and Italian CCS projects.

  • Eni CCUS manages HyNet, Bacton (UK), L10 (Netherlands), and eyes Ravenna (Italy)

  • GIP selected from multiple international bidders for due diligence and structuring

  • Aligned with Eni’s strategy to attract capital to scale its decarbonization platform

  • CCUS identified as a mature, scalable lever for industrial emissions reduction

Microsoft purchases 60K soil carbon credits from Indigo in second deal

Builds on June 2023’s 40K credit purchase; supports regenerative agriculture.

  • 75% of revenue goes directly to farmers

  • Indigo program has prevented 64B gallons of runoff, delivering nearly 1 MtCO₂ impact

  • Credits verified for permanence and traceability via Indigo’s MRV platform

TotalEnergies inaugurates 263 MW solar cluster in Spain, its largest in Europe

Project delivers 515 GWh/year, powering 150K households and avoiding 245K tCO₂ emissions.

  • 400,000 bifacial panels installed; most output sold via PPAs

  • 800 local jobs created; 14 companies involved

  • TotalEnergies targets 35 GW renewables by end of 2025, 100 TWh net power by 2030

Oklo and Korea Hydro & Nuclear Power to co-develop advanced nuclear Aurora powerhouse

Partnership includes design, manufacturability, and global deployment strategy.

  • 75 MWe Aurora SMR to be deployed at Idaho National Lab

  • Oklo preparing Combined License Application to NRC

  • Order pipeline exceeds 14 GW; KHNP brings global execution capability

Ormat secures $62M tax equity deal with Morgan Stanley for 2 energy storage sites

Partnership supports Lower Rio (60 MW / 120 MWh) and Arrowleaf (35 MW / 140 MWh + 42 MW solar) projects.

  • Expected COD by end of 2025; $160M in ITC benefits expected this year

  • Legal advisors: Sheppard Mullin (Ormat), Willkie Farr (Morgan Stanley)

  • Part of Ormat’s broader 3.4 GW clean energy portfolio, spanning geothermal, storage, and solar

OCI Energy, CPS Energy, and LG Energy Solution Vertech partner on 120 MW / 480 MWh Texas BESS

Alamo City BESS to support ERCOT grid with COD targeted for 2027.

  • CPS Energy to offtake storage capacity via negotiated agreement

  • LG Vertech to supply battery hardware and energy management tech

  • OCI to lead project development, O&M, and long-term ownership

  • Part of OCI’s plan to reach 10 GW clean energy capacity by 2028

Johnson Matthey sells Catalyst Technologies to Honeywell for £1.8B; £1.4B cash return to shareholders

Rebrands as focused Clean Air and PGM group with improved cash generation and leaner operations.

  • Sale valued at 13.3x EBITDA; £8/share return planned

  • Regulatory approvals pending; close expected H1 2026

  • Targets £250M+ free cash flow by FY2027/28

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.