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:
Kinder Morgan's energy transition ventures
Navigator CO2's Heartland Greenway project to expand
NuScale's nuclear design gets approval
KMI has signed a term sheet with Red Cedar Gathering Company to transport and permanently sequester CO2 through KMI's pipelines in the Permian Basin.
Red Cedar, a joint venture between Southern Ute Indian Tribe Growth Fund and KMI, will capture CO2 from two natural gas facilities in Southern Colorado, with a target of 400,000 metric tons per year.
Construction is ongoing for Kinetrex Energy's $150 million RNG projects in Indiana, expected to be placed in service throughout 2023 and will add 3.5 Bcf of RNG production annually.
KMI has decided to convert one of the seven sites acquired from North American Natural Resources into an RNG facility, construction to begin in January 2023.
KMI is evaluating the potential for the remaining six sites to generate electricity and create e-RINs (contemplated in the latest EPA proposal) through biogas, which could provide earnings upside opportunities with minimal additional capital investment.
Navigator CO2's Heartland Greenway project, one of the world's largest carbon capture, utilization and storage projects, continues to receive broad support and make significant progress.
They will be filing a revised permit to expand the scope of the project and accelerate development of storage locations in central Illinois.
Navigator's CEO states that there's a growing number of industrial emitters recognizing the value of carbon capture technology and the Heartland Greenway will streamline the process for all parties.
NuScale Power Corp's small modular reactor (SMR) design gets first-of-its-kind approval in the US
The company plans to build a demo plant in Idaho costing $3 billion, with $600 million funding from the DOE
NuScale eyes expansion in Romania, Kazakhstan and Poland, despite concerns from nuclear safety experts
Next-gen reactors touted as crucial for providing carbon free energy, but also produce concerns around highly toxic waste
NuScale and other companies building next-gen reactors could be eligible for lucrative tax credits under recent IRA legislation.
NuScale went public via SPAC through Spring Valley (Pearl Energy-backed) last year with Fluor Corporation as the largest investor
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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.