SUNYA SCOOP

Water -> Land -> Power

May 15, 2025

Five Point launches PowerBridge with $1B equity to develop gigawatt-scale data center campuses

Backed by LandBridge and WaterBridge, PowerBridge targets hyperscale buildout across 275K acres.

  • Led by Alex Hernandez, former CEO of Talen and Cumulus Data

  • First gigawatt-scale data campus already hosts $12B AWS investment

  • Infrastructure includes dedicated power, fiber, and water solutions

Apollo to acquire PowerGrid Services, scaling U.S. utility maintenance footprint

1,400-employee platform to expand through M&A under Apollo ownership.

  • PGS tripled in size under Sterling Group

  • Nationwide operations in utility construction, maintenance, and emergency response

  • Deal backed by Apollo hybrid funds; advisors include J.P. Morgan and Lincoln

Google signs 600 MW solar deal with energyRe, pushing total partnership past 1 GW

South Carolina projects to supply RECs and clean energy for Google’s 2030 net-zero goal.

  • Builds on existing collaboration between energyRe and Google

  • energyRe developing solar, wind, storage, and HV transmission across U.S.

Brookfield’s TerraForm Power acquires Sun Tribe Development, doubles U.S. pipeline to 6 GW

Strategic deal expands footprint across Mid-Atlantic and Southeast with 4.1 GW pipeline.

  • TerraForm now operates 3.4 GW across 23 U.S. states and Ontario

  • Sun Tribe developed 800 MW since 2019; partnered with Duke, Dominion, TNC

  • Brookfield manages $1T+ in assets with a global renewable platform

Doral Renewables secures $1.5B to complete 900 MW Mammoth Solar in Indiana

Financing covers three 300 MWac phases, with agrivoltaics and 1M+ U.S.-made modules.

  • Partners include KeyBanc, Santander, HSBC, Truist

  • Mammoth facility to power 275,000+ homes annually

  • Doral’s development pipeline now approaches 18 GW across 22 states

Rio Tinto to invest $1.2B to modernize century-old Isle-Maligne hydro plant in Quebec

Modernization to secure clean power for low-carbon aluminum production.

  • Project to run through 2032; peak employment over 300

  • Largest hydro investment since the 1950s

  • Follows $183M in prior upgrades across Rio Tinto’s Canadian hydro fleet

Svante opens world’s first carbon capture gigafactory in Canada

Redwood Facility to produce filters for up to 10M tonnes CO₂ capture per year.

  • $145M in capital raised from Chevron, Samsung, and others

  • Targets hard-to-abate industries like cement, pulp, and waste-to-energy

  • Standardized, high-throughput manufacturing to reduce filter costs

Microsoft signs 18M-tonne nature-based carbon removal agreement with Rubicon Carbon

One of the largest voluntary carbon market commitments ever signed by a corporate buyer.

  • 15–20 year AR/R project agreements to be deployed globally

  • Rubicon to focus on high-integrity, underfunded projects

  • Quality assurance via Microsoft-approved framework and remote sensing tech

  • Backed by TPG’s climate-focused investment platform

GreenFire Energy launches next-gen geothermal demo at The Geysers

Breakthrough closed-loop system shows sustained 300–350 gpm flows in low-output well.

  • Demonstration funded by California Energy Commission; wraps June 2025

  • Achieves 310°F output temp using patented convective tech

  • Targets redevelopment of underutilized geothermal assets

  • Goal: 150 MWe of capacity by 2030 through scalable retrofit model

Tallgrass secures anchor shippers for Permian-to-REX pipeline; targets 2028 startup

2.4 Bcf/d pipeline to connect Permian gas to Midwest markets and Tallgrass’ decarbonization network.

  • Open season upcoming for additional shippers

  • Supports affordable domestic energy and decarbonized supply chain

  • Part of Tallgrass’ 800-mile U.S. infrastructure footprint

I Squared to acquire 37% stake in Matterhorn Express Pipeline via $45B infrastructure fund

Fully contracted 2.5 Bcf/d pipeline connects Permian to Texas demand centers and Gulf Coast LNG.

  • I Squared joins MPLX, Enbridge, and WhiteWater in ownership

  • Placed into service Nov 2024; closing expected mid-2025

  • Serves LNG terminals and AI/data centers in Austin and Houston

Enbridge advances $715M Indigenous equity partnership on Westcoast pipeline

Stonlasec8 Alliance to acquire 12.5% stake with $400M loan guarantee from Canadian government.

  • Transaction includes 12.5% equity in 65-year-old Westcoast pipeline

  • Partnership backed by Canada Indigenous Loan Guarantee Corporation

  • Marks major milestone in Indigenous economic reconciliation and energy ownership

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.