Good Morning. This is the Sunya Scoop. The newsletter that takes energy transition news and turns it into an easy-to-read email for you.
Here’s what we have for you today:
The almost headlines
In case you missed
Carbon Streaming, Rubicon Carbon, Ponterra and Microsoft team up for reforestation project in Panama
Carbon Streaming, Rubicon Carbon, Ponterra, and Microsoft collaborate on Azuero Reforestation Project in Panama.
Project aims to restore 10,000 hectares with 75+ native tree species.
Expected to generate 3.24 million carbon removal credits through 2052.
Funding covers 100% of project costs over 7 years.
Carbon Streaming to receive 13.5% of credits; Microsoft has offtake agreement for credits through 2040.
Project selected for Verra’s SD VISta Nature Framework program, targeting UN Sustainable Development Goals 1, 4, 8, 13, 15, and 17.
Collaboration creates 300 local jobs and involves over 100 landholders.
Initial upfront deposit of US$0.315 million; milestone payments up to US$6.750 million.
Google, Meta, Microsoft, and Salesforce form Symbiosis Coalition for nature-based carbon removal credits.
Pledge to contract up to 20 million tons by 2030, focusing on certainty of climate impact and equitable outcomes.
Coalition facilitates advance market commitment (AMC) for high-impact restoration projects.
Joint Request For Proposal (RFP) process planned to support Symbiosis offtake commitments.
Coalition prioritizes transparency, rigorous impact monitoring, and continual improvement based on data and science.
Initial focus on afforestation, reforestation, revegetation projects with criteria emphasizing additionality, leakage prevention, and durability.
Collaboration aims to expand membership, inspire industry standards, and contribute to vibrant carbon market with nature at forefront.
Piñon Midstream increases Delaware Basin sour gas treating capacity by ~50% with the commissioning of its third 450-GPM amine treating unit.
The new unit, Amine Train III, is operational at the Dark Horse Treating Facility in Lea County, New Mexico, enhancing the facility's capacity to ~270 MMcf/d.
Piñon has also obtained a critical New Source Review (NSR) air permit, enabling further expansions at Dark Horse, including construction of Amine Trains IV, V, and VI, and two cryogenic processing plants.
Since August 2021, Piñon has captured and permanently geologically sequestered over 225,000 metric tonnes of carbon dioxide (CO2) and hydrogen sulfide (H2S) at Dark Horse, reducing environmental impacts.
The newly approved NSR air permit includes additional infrastructure expansions such as three additional 900 GPM amine treating units, two cryogenic processing plants, TEG dehydrators, a condensate stabilizer, and storage capacity.
Recent additions to Piñon's infrastructure include expansion of the sour gas gathering system, installation of a new compressor station, expansion of the Grande sweet gas pipeline system, and increased downstream processing and redelivery capabilities.
Cresta Fund Management invests in Ocean Pacific (OP) for alternative energy fueling stations.
Investment aims to accelerate low-carbon fuel delivery to the transportation industry.
OP historically provides CNG station services; investment expands capabilities to operate fueling stations.
Cresta's investment enhances availability of clean fuel alternatives and aligns with energy transition goals.
OP's management team has expertise in designing CNG stations and will focus on decarbonization solutions for trucking fleets.
CNG and renewable natural gas (RNG) offer lower-emission fuel options for transportation fleets.
Investment supports growing demand for clean fuel options and highlights the importance of alternative fuels in the energy transition.
XGS Energy completes oversubscribed $20M Series A financing round.
Led by Valo Ventures and VoLo Earth Ventures, with participation from B Current Impact Investment, MIH Capital, and existing investors.
Funding supports commercial-scale project in California and global deployment of water-independent geothermal technology.
Total funding to date exceeds $40 million, reflecting commercial promise and potential for clean energy contributions.
North American prototype to demonstrate Thermal Reach Enhancement™ (TRE) technology and validate performance models.
Prototype marks milestone for commercial projects in Western United States, Japan, and the Philippines.
Investors emphasize XGS' ability to provide carbon-free energy close to demand and global scalability opportunities.
XGS welcomes new partners to accelerate technology development and expand global project pipeline.
Veriten leads $9 million funding round for Aeromine Technologies' rooftop wind energy solution.
Aeromine's motionless wind harvesting units are installed on commercial property rooftops, capturing wind for on-site electricity.
Funding to expand production scale and global market development.
Aeromine's technology offers space-efficient wind energy generation for buildings, contributing to renewable energy goals.
Unlike traditional wind farms, Aeromine units have no external moving parts and capture wind over buildings' roofs.
Suitable for various large buildings, Aeromine units can meet up to 100% of energy needs on-site.
Verse™ raises $20.5 million in Series A funding led by GV (Google Ventures) to advance software for clean energy management.
The oversubscribed round includes participation from Coatue, CIV, and MCJ Collective, aiming to scale commercial operations and enhance product capabilities.
Verse's software assists organizations in understanding, planning, and managing clean energy to reduce emissions and electricity costs.
Market trends such as AI and EV adoption, high and volatile electricity costs, regulatory demands for carbon disclosure, and expensive legacy procurement approaches drive the need for Verse's solutions.
Verse's AI-enabled platform, Aria™, facilitates goal setting, roadmap creation, and portfolio optimization for least-cost clean energy procurement, offering instant benefits and cost savings.
Conduit Power and Riley Permian announce an expansion of their joint venture, RPC Power, to sell merchant power in ERCOT.
The expanded scope includes building new power generation and storage assets for energy and ancillary services sales to ERCOT, targeting 100MW of natural gas-fueled generation and battery energy storage in West Texas.
RPC Power, initially focused on powering Riley Permian's oilfield operations, will now sell dispatchable power and related services to ERCOT, with commercial operations planned by 2025.
Conduit will operate the facilities and dispatch power through its scheduling entity, while Riley Permian increased its ownership in RPC Power to 50% and agreed to supply up to 10 MMcf/d of natural gas.
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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.