industrynews

X-energy Closes Upsized $700 Million Series C-1 Financing Round to Accelerate the Development of Advanced Small Modular Nuclear Technology: Additional investors in the upsized round include Segra Capital Management, Jane Street, Ares Management funds, and Emerson Collective, among others. $700 million financing round positions X-energy as a leading company to commercialize pioneering SMR technology to […]

Altus Power Announces Agreement to be Acquired by TPG: February 06, 2025 07:00 AM Eastern Standard Time STAMFORD, Conn.–(BUSINESS WIRE)–Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the largest owner of commercial-scale solar in the US, today announced it has entered into a definitive agreement to be acquired by TPG through its TPG […]

ConocoPhillips reports fourth-quarter and full-year 2024 results; announces 2025 guidance and quarterly dividend: Completed the acquisition of Marathon Oil, adding high-quality, low cost of supply inventory adjacent to the company’s leading U.S. unconventional position.Reported fourth-quarter 2024 earnings per share of $1.90 and adjusted earnings per share of $1.98.Delivered 2024 preliminary reserve replacement ratio of 244% […]

Tyba raises $13.9M Series A to improve the profitability of energy storage projects: Round led by Energize Capital underscores critical need for software to operate profitable energy projects at scale and enable the clean energy transition SAN FRANCISCO, Feb. 6, 2025 /PRNewswire/ — Tyba, a leading energy storage optimization platform, today announced $13.9 million in […]

44.01 completes $5m additional Series A investment44.01 has received an additional $5m in Series A investment from Norwegian sovereign investor Nysnø Climate Investments and Jasoor Ventures, bringing the total Series A fundraise to $42m. 02/05/2025 $5m top-up raised from sovereign investor Nysnø Climate Investments (Nysnø) and MENA-focused Jasoor Ventures.Investment from Norway and MENA reflects international […]

Summit Carbon Solutions and Infinium Partner to Advance eFuels Production and Energy Independence in the Midwest: AMES, Iowa and SACRAMENTO, Calif., Feb. 5, 2025 /PRNewswire/ — Summit Carbon Solutions (Summit) and Infinium, a leading electrofuels (eFuels) producer, have entered an arrangement for the supply of up to 670,000 metric tons of carbon dioxide (CO2) annually at […]

EDPR NA Distributed Generation Completes Construction of Bristol I Community Solar Project in Maine: The new project will provide significant electric bill savings to hundreds of local residential subscribers combined with investment in the Bristol area. BRISTOL, Maine, Feb. 5, 2025 /PRNewswire/ — EDPR NA Distributed Generated LLC (EDPR NA DG) announces the completion and […]

ABB and Sage Geosystems unearth geothermal energy opportunities Group press release | Zürich, Switzerland | 2025-02-04 ABB and Sage Geosystems partner on developing Geopressured Geothermal Systems for low carbon energy storage and geothermal power generation Collaboration scope to include delivering geothermal power to support data center growth In the US alone, geothermal energy has the […]

Pearl Energy Investments Closes Oversubscribed Fourth Fund at $999.9 Million Hard Cap in Four Months: February 04, 2025 08:30 AM Eastern Standard Time DALLAS–(BUSINESS WIRE)–Pearl Energy Investments (“Pearl”) is pleased to announce that on January 31, 2025, it reached its hard cap, within four months of launch, and held the oversubscribed closing of Pearl Energy […]

CS Energy and Calibrant Energy Complete Three Battery Storage Projects, Improving New York’s Energy Resilience: Innovative installations in Westchester County will provide critical grid support during peak demand. EDISON, N.J., Feb. 4, 2025 /PRNewswire/ — CS Energy and Calibrant Energy announce the completion of a portfolio of three stand-alone Battery Energy Storage Systems (BESS) in Westchester […]