• Meta signs 20-year deal for 1.1 GW of nuclear from Constellation’s Clinton plant

• DOE cancels 24 projects, saving $3.6B after post-election carbon capture review

• APG commits €250M to SkyNRG to scale SAF facilities across EU and U.S.

• Port Arthur LNG Phase 2 secures non-FTA export authorization for 13.5 MTPA

• Venture Global begins site work on CP2 LNG after federal approval

• Energize Capital raises $430M Fund III to scale digital-first climate tech platforms

• EOG to acquire Encino for $5.6B, strengthening Utica leadership, boosting dividend

• Viper Energy to acquire Sitio Royalties for $4.1B in all-equity merger

• Terra Energy Partners II raises $300M+ from Kayne Anderson

• The almost headlines

• In case you missed

• Video of the week - Ken Hersh on the Fort Podcast with Chris Powers

• Sunya Stories podcast

Meta signs 20-year deal for 1.1 GW of nuclear from Constellation’s Clinton plant

Secures carbon-free baseload post-ZEC subsidy; preserves 1,100 jobs and $13.5M in local tax revenue.

• Supports Meta’s 24/7 clean energy target

• Evaluating advanced reactor deployment at site

• First-of-its-kind long-term nuclear PPA for hyperscaler

DOE cancels 24 projects, saving $3.6B after post-election carbon capture review

New DOE policy demands economic ROI and national security alignment.

• 70% of canceled awards issued post-Election Day 2024

• Most projects focused on CCS and decarbonization

• Initiative reinforces cost discipline and strategic prioritization

APG commits €250M to SkyNRG to scale SAF facilities across EU and U.S.

Joins Macquarie to back €300M round; targets SAF production in NL, Sweden, U.S.

• SkyNRG partners include KLM, Boeing, Microsoft

• SAF market projected to reach €12B annually by 2030

• Investment aligns with APG/ABP climate and return goals

Port Arthur LNG Phase 2 secures non-FTA export authorization for 13.5 MTPA

DOE approval clears path to FID; full site capacity to reach 26 MTPA.

• Phase 2 adds two trains to the under-construction Phase 1 (COD: 2027–2028)

• Bechtel selected as EPC contractor; Aramco exploring offtake + equity

• Positioned to strengthen U.S. LNG exports and reduce trade deficit

• FID timeline pending permits, financing, and commercial alignment

Venture Global begins site work on CP2 LNG after federal approval

CP2 to supply global markets starting in 2027; will make Venture Global top U.S. LNG exporter.

• Located in Louisiana; expected to support ~7,500 peak construction jobs and 400 permanent positions

• Modularized design approach consistent with Calcasieu Pass model

• Carbon capture projects planned at all Venture Global facilities

Energize Capital raises $430M Fund III to scale digital-first climate tech platforms

Total AUM now exceeds $1.8B; Fund III targets early-stage digital climate innovators.

• Focus on software, AI, and digital tools reshaping energy and industrial supply chains

• Backers include institutional, corporate, family office, and impact LPs

• Portfolio includes battery optimization and circular commerce tech solutions

• Founded in 2016; 36 companies funded to date with $920M+ deployed

EOG to acquire Encino for $5.6B, strengthening Utica leadership and boosting dividend

Adds 565K net acres and 275 Mboe/d production; raises dividend 5% to $1.02/share.

• Funded with $3.5B debt + $2.1B cash

• Accretive to NAV and all per-share metrics; +10% EBITDA, +9% FCF

• $150M in synergies projected in year one

Viper Energy to acquire Sitio Royalties for $4.1B in all-equity merger

Creates one of the largest mineral and royalty owners in the Permian Basin.

• Adds 25,300 net royalty acres in Permian; 34,300 total across major U.S. basins

• Pro forma base dividend increased to $1.32/share; $50M+ in annual synergies expected

• Forecast: 64–68 Mbo/d production in Q4 2025; 1.2x leverage target post-close

• Advisors: Moelis (Viper), J.P. Morgan (Sitio)

Terra Energy Partners II raises $300M+ from Kayne Anderson to relaunch U.S. oil & gas platform

Second platform follows Terra I’s successful exit and 600 MMcfe/d peak production.

• Led by CEO BJ Reynolds and COO Wes Hobbs; targets Lower 48 assets

• Terra I drilled 700+ wells, reduced methane intensity by 80%

• Kayne Anderson renews partnership via Private Energy Income Fund III

• Nira Energy partners with Energize Capital to scale grid transmission automation software

  Platform has modeled 500+ GW of interconnection studies; new funding enables long-range grid planning tools.

• Northwind Midstream advances AGI well permitting and carbon sequestration capacity in NM

  Third AGI well to increase daily capacity to 37 MMscf/d; EPA-approved MRV enables 45Q tax credits.

• GridFree AI raises $5M to deploy high-efficiency, off-grid AI data centers

  Power Foundry platform converts gas to electricity at 90%+ efficiency, bypassing grid delays.

• Sunya Stories podcast with Andrew Schaper

• Sunya Stories podcast with Chris Rozzell from Cresta

• Sunya Stories podcast with Bala Nagarajan from S2G Investments

• Sunya Stories podcast with JP Morgan’s Rama Variankaval

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Cut your costs with Matt Hatami

Sunya Stories Episode #11 with Matthew Hatami.

• Check out the latest episode of Sunya Stories with Matt Hatami.

• You can find it on Spotify.