Stargate II

Oracle and OpenAI expand U.S. AI infrastructure with massive 4.5 GW data center buildout.

Oracle and OpenAI will develop 4.5 GW of new Stargate data center capacity, adding to 5 GW already underway.
The initiative is part of a broader $500B commitment to build 10 GW of AI infrastructure in the U.S. over four years.
Construction of Stargate I in Abilene is underway, with Nvidia GB200 racks already delivered and early workloads live.

Project could scale to 10 GW, combining AI compute with carbon capture and energy diversification.

Crusoe and Tallgrass are co-developing a 1.8 GW AI data center campus in southeast Wyoming, with potential expansion to 10 GW.
The site will use natural gas and future renewables for high-reliability power and sit near Tallgrass’ CO₂ sequestration hub.
Leaders including Gov. Gordon and U.S. Senators Barrasso and Lummis praised the project’s economic impact, job creation, and AI leadership potential.

Backed by Founders Fund, 8090 Industries, Veriten, and Felicis, Armada aims to lead U.S. AI infrastructure buildout.

The Leviathan modular data center can be deployed in weeks, 10x more powerful than prior versions, and supports various energy sources.
Armada targets stranded gas, solar, and nuclear sites to power distributed AI clusters across the U.S. and allied nations.
The $131M round fuels rapid expansion amid growing AI infrastructure demand; tech built for energy-agnostic, sovereign compute.

Brookfield backs AI infrastructure builder 5C in North America’s accelerating data center race.

$835M raised through equity from Brookfield and debt from Deutsche Bank to fund advanced AI-ready data centers.
5C specializes in liquid-cooled GPU clusters and scalable infrastructure; Hypertec Cloud formed the company via acquisition.

Regulatory nod propels Constellation’s ambition to lead in clean, reliable U.S. power.

FERC approved Constellation’s acquisition of Calpine Corporation, following prior approvals from NYPSC and Texas PUC.
The deal strengthens Constellation’s position as the top U.S. clean energy producer, with 90% carbon-free output.
The transaction is expected to close in Q4 2025, pending DOJ clearance and final conditions.

Deal sets the stage for 22 GW+ of next-gen power capacity aimed at AI and data center growth.

ArcLight acquires Advanced Power, combining 26 GW of operating assets with 12 GW of development-stage projects.
Partnership will commit $5B+ over 5 years, with job creation estimates topping 80,000.
Projects span renewables, gas, and storage—targeting the power-hungry digital economy.

Hybrid solution offers immediate gas power with a path to advanced nuclear baseload.

Liberty’s Forte gas generation will supply near-term power, transitioning to Oklo’s Aurora nuclear systems.
The solution targets high-demand, mission-critical customers with modular, dispatchable power.
Liberty was an early Oklo investor; the partnership aims to bridge fossil and nuclear energy solutions.

A new LNG export project with integrated carbon capture takes shape on the Texas Gulf Coast.

Coastal Bend LNG is developing a 22.5 Mtpa LNG export facility with up to five liquefaction trains and CCS integration.
The facility aims to monetize 45Q tax credits while delivering low-carbon U.S. natural gas to global markets.
FERC pre-filing is expected in 2025, with operations focused on innovation and sustainability.

Lea County expansion adds acid gas injection, scaling gas processing to 90 MMscfd.

Producers Midstream will expand its system in New Mexico, adding 30 MMscfd capacity and acid gas handling.
Backed by long-term dedications from Permian operators, the system is expected online in Q4 2025.
Parent company Tailwater Capital continues to fund tailored midstream growth in high-demand basins.

Fund II surpasses target with first acquisition in the Texas Panhandle.

High River Resources II closed at $205M with backing from RIAs, family offices, and institutions.
The firm targets $25–$200M equity deals in U.S. oil & gas, with a focus on operational optimization.
The team has already deployed capital into producing assets and seeks to build scale in core basins.

Strong well performance, efficiency gains, and the Olympus acquisition boost EQT’s 2025 outlook.

Q2 2025 production hit 568 Bcfe; FCF was $240M despite a $134M legal settlement; net debt fell $1.4B YTD.
Capex came in at $554M (below guidance midpoint), with per-unit costs at $1.08/Mcfe and $1.242B in cash from ops.
Olympus deal added 100 Bcfe to 2025 guidance; total 2025 volume now seen at 2,300–2,400 Bcfe.

BASF and AltaGas Sign Long-Term Butane Supply Deal via Canadian Export Facility
Agreement leverages Ridley Island Energy Export Facility to serve Asia’s chemical sector.
Agilitas Energy Acquires Rhode Island Solar Project
12.5 MW solar project will boost RI’s clean power—and beat the net metering deadline.
Ascent Resources Publishes 2024 Sustainability Report
Low methane, high impact: Ascent doubles down on ESG performance in Appalachia.
Range Resources Announces Q2 2025 Results
Operational efficiency and share repurchases drive strong FCF and lean capital profile.
Energy Vault Secures $18M for Texas Battery Storage Project
57 MW / 114 MWh ERCOT battery hits commercial ops; financing reflects 15% IRR upside.
GE Vernova and Crusoe Ink Deal for 29 Gas Turbines to Power AI Data Centers
Deal supports nearly 1 GW of fast, flexible generation for AI workloads.

Sunya Stories episode #12 with David Heikkinen of WhiteHawk Energy.