Industry News

Aramco, Carbon Clean and SAMSUNG E&A Partner on Carbon Capture Plant 4 December 2024 Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a collaboration agreement with Carbon Clean and SAMSUNG E&A to demonstrate a new carbon capture technology. This technology demonstration is designed to deploy Carbon Clean’s novel CycloneCC technology […]

CO2 Energy Transition Corp. Announces Closing of Previously Announced IPO and Full Exercise of Over-allotment Option, Raising $69 Million in Gross ProceedsNovember 22, 2024 14:55 ET| Source: CO2 Energy Transition Corp.Follow HOUSTON, TEXAS, Nov. 22, 2024 (GLOBE NEWSWIRE) — CO2 Energy Transition Corp. (Nasdaq: NOEM) (the “Company”) announced today that it closed its initial public […]

ConnectDER Secures Series D Funding to Accelerate Growth and Deliver Transformational Resiliency and Electrification Solutions across North American homes: Decarbonization Partners leads the Series D round of funding to scale ConnectDER’s portfolio of residential electrification solutions. PHILADELPHIA, Dec. 3, 2024 /PRNewswire/ — ConnectDER, a leading innovator in resilient home energy technology, has secured $35 million in […]

Aramco, Linde and SLB sign shareholders’ agreement for one of the largest CCS hubs globally DHAHRAN | December 04, 2024 Aramco and its partners reach milestone in building phase one of CCS hub in Jubail, signaling positive progress on the Company’s 2035 interim climate ambitions First phase construction expected to be completed in 2027, with […]

Heirloom Raises $150 Million Series B to Rapidly Scale Commercial Direct Air Capture: Investors include premier growth investors, global industrial conglomerates, aviation, shipping, automotive, and manufacturing companiesDecember 04, 2024 07:00 AM Eastern Standard Time BRISBANE, Calif.–(BUSINESS WIRE)–Heirloom, America’s leading Direct Air Capture (DAC) technology provider, has raised $150 million in Series B funding. The round […]

Gradient Geothermal Partners with Chord Energy on North Dakota Industrial Commission-backed Geothermal Project: Chord Energy utilizes Gradient Geothermal’s technology to cool produced fluids and help power an oil and gas facility in the Williston Basin, North Dakota December 04, 2024 10:00 AM Eastern Standard Time DENVER–(BUSINESS WIRE)–Gradient Geothermal (“Gradient” or the “Company”), a Denver, Colorado-based […]

Apollo Funds Acquire 50% Stake in 2 GW Texas Solar and BESS Portfolio from TotalEnergiesDecember 04, 2024 09:00 ET| Source: Apollo Global Management, Inc. NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have agreed to acquire a 50% stake in a […]

Crescent Energy Announces Accretive Central Eagle Ford Bolt-On: December 03, 2024 04:12 PM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) today announced the signing of a definitive agreement to acquire Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million plus future oil price contingent consideration, subject […]

ExxonMobil Announces Leadership Changes Liam Mallon to retire after 34 years of service Dan Ammann appointed President, Upstream Company Barry Engle appointed President, Low Carbon Solutions December 03, 2024 11:30 AM Eastern Standard Time SPRING, Texas–(BUSINESS WIRE)–ExxonMobil (NYSE: XOM) today announced Liam M. Mallon, president of ExxonMobil Upstream Company and vice president Exxon Mobil Corporation, […]

carbmee secures €20M funding for AI-driven carbon emission reportingBerlin, December 3, 2024: carbmee’s centralised platform enables companies to manage, reduce, and report on their carbon emissions with accuracy and efficiency. AI-powered carbon management software company carbmee has raised a €20 million funding round. Typically, organisations struggle to track their carbon footprint effectively or accurately, due […]