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Largest deep-tech raise since 2021 fuels push to first grid-scale fusion plant.
Closed $863M, bringing total raised to ~$3B (~⅓ of all private fusion capital).
Funds back SPARC demo and ARC power plant in Virginia; target first grid-scale fusion in early 2030s.
Investors include Google (which will buy half the plant’s power), Breakthrough Energy Ventures, Mitsui & Mitsubishi-led Japanese consortium, sovereign funds, hedge funds, and Morgan Stanley.
Backed by Canadian pension and U.S. insurers to scale distributed energy.
Closed $200M+ for second flagship fund; LPs include a Canadian pension plan and U.S. insurers.
Fund II targets distributed energy platforms, emphasizing behind-the-meter assets with fast deployment and inflation-linked returns.
Current portfolio: 330 MW generation + 260 MWh storage; 7 investments so far in storage, EV charging, and low-carbon advisory.
Builds on Fund I (2020), which backed 10 distributed generation platforms.
Capital supports >5 GW of Aligned’s planned Americas data center buildout.
Upsize of senior secured credit facility surpasses $1B in commitments.
Funds to accelerate sustainable, adaptive infrastructure for AI/cloud workloads.
BXCI executives highlight long-term strategy alignment; Aligned CFO cites strong market confidence.
Transaction strengthens balance sheet and shifts focus toward carbon capture.
POET to acquire Rives, TN ethanol facility for $190M plus ~$20M working capital.
Proceeds will retire junior mezz debt due 2026; expected to close Q3 2025.
Green Plains concluded its strategic review, affirming current leadership’s plan to focus on renewable fuels and CCS deployment.
Deal underpins EQT’s global LNG ambitions with Henry Hub - linked supply.
20-year SPA for 2 mtpa LNG on FOB basis from Port Arthur LNG Phase 2.
Phase 2 adds two trains (~13 mtpa), doubling project capacity to ~26 mtpa.
All major permits secured; Bechtel selected as EPC contractor.
Silicon battery materials leader tightens global control.
Closed $463M Series D led by SK Inc.; total equity raised now $1B+.
Acquired 100% of BAM-3 factory in Sangju, South Korea, producing SCC55 for EV-scale customers.
SCC55 now shipping to 100+ customers; Group14 also expanding in U.S. and Germany.
Partnership to scale next-gen geothermal and storage tech.
Will use Sage’s Pressure Geothermal to tap hot dry rock and speed geothermal deployment.
Ormat gains rights to develop power plants and storage projects using Sage’s tech if pilot succeeds.
Expands Ormat’s ~3.4 GW portfolio; builds on Sage’s push to commercialize advanced geothermal.
Acquisition adds 1,500 miles of pipes and 845 MMcf/d processing capacity.
Purchase includes ~700 miles / 345 MMcf/d in Uinta + ~800 miles / 500 MMcf/d in Green River.
Positions Harvest as a leading Rockies midstream operator with integrated footprint across major producing basins
Prairie adds scale in the DJ Basin through disciplined off-market deals.
Seed round backs biochar deployment in Africa to generate carbon credits.
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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.