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In case you missed


Meta taps next-gen geothermal to power AI growth in New Mexico.
Meta and XGS team up on a 150 MW geothermal project using zero water and solid-state tech.
Project will be delivered in two phases, operational by 2030, with major grid and job benefits.
Could 10x New Mexico's current geothermal generation; over 160 GW of untapped potential exists.

KKR backs Zenith’s hybrid power growth with Asia-Pacific Infrastructure Fund.
Zenith runs 710 MW of off-grid capacity; will retain a minority founder stake post-deal.
Acquisition to accelerate Zenith’s renewables and microgrid expansion.
Closing expected late 2025, pending approvals.

RWE builds 3.9 GW of renewables across 11 states, powering 100K+ homes and creating 5,000+ jobs.
Notable projects include Baron Winds II, WR Graceland solar, Ventasso storage, and Arlington Valley solar.
RWE is the third-largest renewables firm in the U.S., emphasizing local labor and domestic sourcing.

PETRONAS locks in 1 MTPA from Louisiana LNG terminal ahead of 2025 FID.
PETRONAS agrees to buy 1 MTPA of LNG from Commonwealth’s Cameron, Louisiana facility for 20 years.
The deal brings Commonwealth’s total contracted offtake to 4 MTPA ahead of an expected Q3 2025 FID.
First LNG deliveries are slated for 2029; Phase 1 development will total over $11B in capex.
The project is expected to generate $3.5B in annual exports and create 2,000 construction jobs at peak.

Chevron secures 125,000 acres in lithium-rich Smackover to power EV future.
First domestic lithium move includes DLE tech to cut emissions and boost efficiency.
Supports U.S. supply chain resilience and Chevron's low-carbon pivot.
Chevron New Energies targets vertically integrated lithium production for battery markets.
Acquires assets from EMG-backed TerraVolta

XRG, Carlyle, and ADQ bid for Santos in a potential multi-billion-dollar takeover.
Consortium offers USD 5.76/share for full acquisition; next step requires due diligence.
Plan includes keeping Santos HQ in Australia, boosting LNG supply, and investing in CCS and AI.

Tamboran’s latest Beetaloo well matches top-tier Marcellus shale performance.
The 7.2 MMcf/d 30-day rate matches Marcellus averages; gas flows steady with low decline.
Three new 10,000-foot laterals to be drilled in 2025; commercial production expected by mid-2026.
Total production from SS-2H already at 217 MMcf, with compression facility build underway.

Permian Resources expands Eddy & Lea County position via APA asset acquisition.
Greenergy enters France with Armorine acquisition to expand EU fuels footprint.
Bechtel wins ~$9B in EPC work for Train 4 & 5 at NextDecade’s Rio Grande LNG.


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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.


