EQT raises $23 billion

Energy Private Equity with Cresta's Chris Rozzell

Sunya Stories Episode #9 with Chris D. Rozzell, Co-founder and Managing Partner of Cresta Fund Management.

EQT Infrastructure VI raised €21.5B, 35% larger than its predecessor fund.
Targets stable-demand sectors like digital infra, decarbonization, and energy transition.
Already committed 45–50% of capital across 12 deals globally.
Attracted a broad base of LPs, with growing private wealth participation.
Supported by EQT’s global network of 600+ industrial advisors.

XGS raised $13M in additional financing from Aligned Climate Capital, ClearSky, ClimateIC, and WovenEarth Ventures.
Funds will support commercial-scale deployment and expansion of its Thermal Reach Enhancement™ technology.
The company is operating its first commercial-scale well in California and aims to expand its gigawatt-scale pipeline.
XGS’s water-independent system is designed to be faster to deploy than other baseload energy options.

The facility will capture 800,000 tonnes of CO₂ annually and begin operations in 2028.
CATACARB's 60-year-old carbonate tech will be optimized for bioenergy with carbon capture and storage (BECCS).
The plant will support Stockholm’s district heating system serving 800,000+ people.
Backed by the EU Innovation Fund and Swedish government; project in development since 2021.

Stonepeak backs Longview Infrastructure to develop electric transmission across the U.S.
Focus on grid expansion to serve growing data center and renewables-driven demand.
Projects will be developed with ISOs and communities to ensure transmission reliability.
Stonepeak manages $72B+ in assets and specializes in digital infrastructure and energy.

Amazon’s Climate Pledge Fund joins Cyclic’s oversubscribed Series B to boost circular supply chains for rare earths.
Tech will recover materials from products like hard drives for reuse in data centers and EVs.
Funds will accelerate expansion into U.S. and European markets, aiding sustainability in critical supply chains.

Riverstart III is now online in Randolph County, Indiana with a 100 MW capacity backed by a PPA with Amazon.
The project will power 19,200 homes and contribute $32.8M in tax payments over its life.
Since 2009, EDP has invested in 11 Indiana projects totaling 1.7 GW, about 30% of the state’s renewable capacity.
Amazon’s PPA supports its goal of 100% renewable operations by 2040.

Avangrid’s largest solar project powers Meta’s data center in Temple, Texas.
$369M investment created 300 local jobs; expected to generate $40M in property taxes.
Features over 488,000 panels to power nearly 60,000 homes annually.
The site delivers renewable energy directly to the ERCOT grid.
Avangrid now operates 1.6 GW of renewable capacity across 7 Texas projects.

Texas Gas has opened a non-binding Open Season for the Borealis Expansion Project through April 30.
The pipeline will move Marcellus and Utica gas to markets across Ohio to Louisiana.
The expansion will add up to 2 Bcf/d of firm transport capacity.
The project enhances supply reliability for electric utilities and LNG exporters.

Southeast Energy Connector (150 MMcf/d) and TX-LA Energy Pathway (364 MMcf/d) are now operational.
The projects support coal-to-gas transition in Alabama and grid reliability in the Gulf Coast.
Transco’s total capacity now exceeds 20 Bcf/d across 10,000 miles.

SCF backs Phoenix with capital to scale high-horsepower, low-emission natural gas compression services.
Phoenix’s tech reduces methane emissions by over 50% compared to conventional fleets.
The company secured a $350M debt and equity facility alongside SCF’s investment.

TGNR paid $525M for 70% of Chevron’s East Texas gas assets—$75M cash and $450M capital carry.
Adds 250+ new locations and extends inventory life to over 20 years.
Asset overlap with TGNR’s Haynesville position enables $170M in projected synergies.
TGNR is jointly owned by Tokyo Gas and Castleton Commodities International.

Announces Speedway Pipeline, a dual 30-inch system connecting Eddy & Lea counties to Central Basin Platform.
Designed to move up to 1M bpd of produced water; service expected to begin Q4 2025.
Aims to alleviate pore pressure and enhance water logistics in Northern Delaware Basin.

Acquires additional Marcellus natural gas mineral and royalty assets, boosting cash flow from 1,400+ wells.
Now holds interests in 3,400+ producing wells across 1.05M gross unit acres in Marcellus & Haynesville.
The $118M deal marks WhiteHawk’s 6th acquisition in 3 years, adding 1,700+ undeveloped locations and 141 wells-in-progress.
Core operators include EQT, Range, CNX, and Antero, representing 95% of current production.

Bernhard Capital-Backed Delta Utilities Completes Acquisition of CenterPoint’s Louisiana and Mississippi Gas Assets
- Delta Utilities has acquired 12,000 miles of gas pipeline serving 380,000+ customers.
Ethiopian Airlines and Archer Partner to Launch Midnight eVTOL in Africa
- Archer will deploy its Midnight aircraft with Ethiopian Airlines under a $30M “Launch Edition” agreement.
Project InnerSpace Launches UK Geothermal Initiative
- Aims to unlock UK’s geothermal potential, which could meet ~1/3 of electricity demand.
SLB Secures Major Drilling Contract from Woodside for Trion Project
- Will drill 18 ultra-deepwater wells for Trion in Mexico over three years starting 2026.
Duke Energy's Oconee Nuclear Plant Gets 20-Year License Extension
- Oconee Station’s licenses extended to 2053–2054, making it the first Duke plant to reach 80 years of operation.