A big announcement
The almost headlines
In case you missed
Backs >11 GW U.S. critical power for AI/data center demand.
Targets load pockets (PA, OH) with reliable capacity.
Aligns with CPP’s long-term energy-transition infra strategy.
U.S. portfolio spans 25 states across solar + storage.
Follows $800M long-term debt facility to fund growth.
Serves F500s, munis; strengthens distributed clean-energy footprint.
~420 mi, ±525 kV, 3,000 MW bidirectional E–W link.
New engineering services agreement to de-risk execution/supply chain.
Unlocks transfer between three U.S. markets; jobs/tax benefits in MT & ND.
Dual-list: Nasdaq Oct 1, LSE Oct 2; close Oct 2.
32.5M primary shares (+ 4.875M greenshoe).
Bookrunners: UBS, Evercore ISI, Cantor, Mizuho (+ Macquarie, Rothschild & Co, Stifel).
Grid platform for GW-scale power blending nuclear + gas + solar + storage (hyperscaler focus).
~500 miles, 500 kb/d (expandable to 1 Mmb/d); in-service 3Q’27.
Capex: ~$1.6B; ties Permian assets to Mont Belvieu.
New Yeti gas plant (275 MMcf/d, 3Q’27) + 5 plants in 2 yrs (1.4 Bcf/d).
Buffalo Run gas line (35-mi + 55-mi conversion) completes by early ’28; 2025 growth capex ~$3.3B.
High-deliverability LNG-adjacent gas storage in Louisiana.
4 salt caverns: 34.7 Bcf working gas; deliver 2.0 Bcf/d, inject 1.6 Bcf/d.
Timeline: Caverns 1–2 in 2028, 3–4 by 2030; environmental review found no significant impact with mitigation.
Mercuria is strategic investor; fully committed structured capital backs execution and market optionality.
Occidental to use $6.5B for debt reduction; close 4Q’25 (regulatory).
Berkshire adds essential-chemicals platform; Oxy retains legacy enviro liabilities (via Glenn Springs).
Expands Berkshire’s chemicals footprint (water treatment/healthcare end markets) and creates resource opportunities alongside its oil & gas businesses.
Refocus on upstream; board approved via independent committee.
Piper Sandler advised the committee; tax attributes expected to offset gains.
Proceeds allocated at board discretion; regular dividends to continue.
Unit retains upstream ops (Unit Petroleum) and may pursue new drilling investments.
Backs 400k t/yr commercial plant; ReCarb cuts CO₂ ~70% vs OPC.
Mezz + OEM equity JV to enable up to 2 GW by 2027.
Sunya Stories Episode #13 with Dynamix Corporation CEO and CFO - Andrejka Bernatova and Nader Daylami
You can find it on Spotify.
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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.