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December 13, 2021
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December 13, 2021
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Ormat to acquire 67.5 MW geothermal assets in Nevada and a transmission line to California for $377 million
News Commentary | May 31, 2021
Ormat Technologies is acquiring Terra‑Gen's two operating geothermal power plants in Nevada, including the 56 MW Dixie Valley plant and the 11.5 MW Beowawe plant, along with an underutilized transmission line (300 MW to 400 MW) connecting Dixie Valley to California. The $377 million deal marks the ... Not part of subscription
PepsiCo invests USD 15 million in Closed Loop Partners' Leadership Fund to improve access to recycled materials
News Commentary | January 05, 2022
PepsiCo Beverages North America announced a USD 15 million investment in Closed Loop Partners' Leadership Fund, the investment firm's private equity fund. The fund has focused on acquiring materials recovery facility (MRF) operators like Balcones Resources, which aligns with PepsiCo's need to secure... Not part of subscription
Chevron continues betting on carbon capture, with a second investment in Carbon Clean resulting in a pilot
News Commentary | March 04, 2022
After participating in Carbon Clean's Series B round in 2020, Chevron announced a second investment to develop a pilot at a gas turbine plant in California (U.S.). Carbon Clean claims that it can deliver and install the unit in eight weeks. The investment fits into Chevron's broader strategy of ... Not part of subscription
by Jinze Dai
Prior to the recently announced funding, the French startup had raised €1.8 million in 2017 and €15 million in 2020. The company has five projects completed and two under construction, including one paper mill, two food processing plants, one brickyard, two district heating networks, and one large-scale greenhouse, ranging from 1,000 MWh to 8,000 MWh per year. Newheat plans to use the funding to increase its head count, support R&D, and accelerate commercial deployment and international expansion. The demand for low-carbon heat will grow steadily, opening up more opportunities for solar thermal companies, though the up-front cost, intermittency, and physical footprint of solar heat will remain barriers in the near term.
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