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
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BKV Corporation (BKV) announces first sale of Carbon Sequestered Gas (CSG) to Kiewit Infrastructure South Co.
CSG is a carbon-neutral natural gas product, mitigating Scope 1, 2, and 3 emissions.
Agreement includes premium delivery starting fall, using BKV's CCUS operations.
Blockchain-enabled verification ensures transparent emissions data.
Kiewit will use CSG at Fort Worth Maintenance Facility and Markum Business Park.
BKV focuses on scaling CSG production for broader industry adoption.
BKV's dCarbon Ventures drives CCUS innovation and projects like Barnett Zero.
ClearSky Global raises US$168 million from international ESG investors facilitated by Tailwind Ventures.
Funds to deploy ECOGY® technology for low-carbon aviation and transportation fuels.
Technology converts natural gas to high-quality diesel and jet fuel economically.
ClearSky's modular facilities aim for superior energy conversion and can be placed strategically.
Initial funds to commercialize three facilities across Canada and North America.
Expected impact includes significant GHG emissions reduction and operational sustainability.
Supported by Alberta government and Invest Alberta for innovation in clean energy.
American Airlines has committed to purchasing 100 hydrogen-electric engines from ZeroAvia for regional jets, aimed at achieving zero inflight emissions except for water vapor.
This agreement follows American's increased investment in ZeroAvia, building on their initial funding in 2022 and participation in Series C financing.
ZeroAvia specializes in developing hydrogen-electric engines for commercial aircraft, currently testing a prototype for a 20-seat plane and planning engines for larger aircraft like the Bombardier CRJ700.
The investment supports American's goal to achieve net-zero greenhouse gas emissions by 2050, complementing their efforts in fleet renewal, fuel efficiency improvements, and sustainable aviation fuel agreements.
ZeroAvia's hydrogen-electric engines utilize fuel cells to produce electricity, powering electric motors with minimal emissions, potentially offering significant cost savings and advancing clean aviation technology.
Zanskar Geothermal & Minerals acquires Lightning Dock geothermal power plant in New Mexico from Cyrq Energy.
Acquisition includes the Bruce Levy geothermal power plant, operational since 2019 and supplying carbon-free power to PNM.
Lightning Dock is the easternmost and only utility-scale geothermal power plant in New Mexico.
Zanskar aims to expand research and development in geothermal energy, leveraging the site's potential for new subsurface technologies.
Talen Energy defends an interconnection agreement at the Federal Energy Regulatory Commission (FERC) for supplying power from Susquehanna nuclear plant to an Amazon data center.
The agreement, facilitated by PJM Interconnection, faces opposition from American Electric Power (AEP) and Exelon, concerned about potential transmission cost shifts.
Talen dismisses claims as unfounded, asserting legal and factual inaccuracies in the protest.
PPL Electric Utilities supports Talen's right to sell power directly to Amazon, with PJM also endorsing the agreement.
ClearView Energy Partners suggests the protest is unlikely to derail the agreement, noting minimal risk to its implementation.
AEP and Exelon's concerns focus on whether PJM's market could serve as backup if the nuclear plant fails to supply the data center, a scenario disputed by the ISA.
Founded by Rayyan Islam and Kerem Ozmen, 8090 Industries focuses on industrial sectors rather than Silicon Valley startups.
Achieved significant investment gains, including a 275% increase from Oklo Inc. and success with Infinium's electro-fuel technology.
Emphasizes real-world impact over trendy technologies like AI, focusing on sectors such as manufacturing and energy.
Closed its second fund exceeding $100 million despite market challenges, expanding its team and global investment reach.
Plans to explore opportunities in reducing carbon emissions in industries like cement and steel, continuing to avoid AI and other Silicon Valley trends.
Seaya, a Spanish VC firm, closed its €300 million Seaya Andromeda fund, the first Article 9 climate-tech fund in Southern Europe.
LPs include Iberdrola, Nortia, Santander, BNP Paribas Group, and Bpifrance, expanding Seaya's total assets to over €650 million.
The fund aims to invest €7 million to €40 million per company in energy transition, decarbonisation, sustainable food, and circular economy startups.
The firm focuses on Series B+ investments, aiding deep-tech climate entrepreneurs with research, market entry, and scaling challenges.
SLB and TotalEnergies announce a 10-year partnership to co-develop scalable digital solutions for energy resource access.
Focus includes enhancing performance and efficiency across the energy value chain, emphasizing carbon capture, utilization, and sequestration (CCUS).
Partnership integrates AI and advanced digital capabilities into SLB’s Delfi™ digital platform, following the OSDU® Technical Standard.
Initial efforts concentrate on subsurface digital solutions for reservoir engineering and geoscience modeling, using AI for accelerated and automated processes.
Collaboration aims to deliver innovative software and algorithms to improve geological reservoir analysis and advance geological carbon storage.
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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.