A big announcement
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In case you missed
11 PPAs + 2 ESAs across ERCOT, SPP, MISO and New Mexico to fuel Meta’s AI/data-center buildout.
Portfolio includes 2.1 GW from nine solar projects plus 190 MW solar / 168 MW BESS via four New Mexico deals under PNM Rate 36B.
Projects come online 2026–2028, creating up to 2,440 jobs, supporting Meta’s 100% clean-energy target and cementing NextEra’s role in U.S. grid-scale renewables.
High-capacity backbone to move ~7 GW of power and support regional growth.
Project will reduce losses, improve resilience under peak conditions, and support $92B of PA generation investment and WV’s 50 GW expansion plan by 2050.
Final PJM board approval expected early 2026, with streamlined tower count to minimize footprint and cost while integrating diverse generation (gas, nuclear, renewables).
Short-term, flexible debt to unlock ~€3B of green projects across Europe.
Finances early-stage and construction-phase renewables with bridge-style lending, de-bottlenecking equity and project finance; pipeline >€1.5B, with €7B+ of deals reviewed.
Eiffel has already backed 5,000+ assets / 15 GW of low-carbon capacity (≈10M homes), with 30+ dedicated professionals and strong re-ups from existing LPs.
Jet-engine DNA repurposed for high-temp, waterless power blocks aimed at GW-scale AI campuses.
New round (led by Darsana) brings backlog to >$1.25B and funds Superpower gas turbines—42 MW each, waterless, and designed to hold nameplate output in hot climates.
Crusoe becomes launch customer with an order for 29 units, as Boom targets >4 GW/yr turbine production by 2030, leveraging shared core tech with its Symphony engine and parallel development of the Overture supersonic airliner (130 aircraft on order).
ECAs + banks crowd in around first-of-its-kind U.S. lithium brine plant.
Seeking up to $1.1B in debt (ECA-backed + commercial) against a ~$1.45B capex plan that already includes a $225M DOE grant.
Interest from ECAs and lenders exceeds the target, validating Standard Lithium/Equinor’s low-cost, U.S.-supply thesis for the first SW Arkansas lithium facility.
US$600M coal-to-gas repower cuts emissions intensity in half while preserving firm capacity to 2044.
Puget Sound Energy will toll 700 MW under a fixed-price contract through 2044; FID expected early 2027, COD late 2028 (pending approvals).
Build multiple ~5.5×; supports WA clean-energy goals and extends TransAlta’s contracted cash-flow base as it leans into lower-carbon assets.
Adds 850 MMcfe/d (2026) and 5+ years of inventory while exiting non-core OH gas.
Combined upstream + midstream deals unlock ~$950M in 10-yr synergies and are expected to lift free cash flow >30% over two years.
Funded with FCF, new debt, and asset-sale proceeds, with leverage targeted <1.0× by 2026.
Marcellus in, Utica out: more contiguous G&P volume, higher FCF, better multiple arbitrage.
Adds ~900 MMcf/d of 2026 throughput and 400+ undeveloped Marcellus locations at ~7.5× future EBITDA (dropping to ~7.0× with synergies), while selling Ohio Utica midstream at >11× EBITDA.
Infinity nets 51% (for $612M), upping Utica footprint to ~102k net acres and ~1.4 Tcf of undeveloped reserves.
Deal includes 141 mi of gathering and ~90 mi of water lines; expected $25M/yr synergies and immediate accretion to cash flow and margins.
Financed via cash and expanded RBL ($875M); Infinity targets net leverage <1.0× by 2027 and strong 2026 growth from low-breakeven inventory.
Early engineering/procurement on ~$80M project to capture 550k tCO₂/yr.
Blended-finance play to make DRC critical minerals more transparent, bankable, and U.S.-aligned.
More barrels, more molecules, more CCS—without turning up the capex dial.
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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.