Mercuria invests in Black Bayou Energy Hub

Houston is reinforcing its claim as the energy capital of the world by embracing alternative energy sources alongside its traditional oil and gas industries. Under the leadership of Steve Kean, newly appointed CEO of the Greater Houston Partnership (GHP), and Eric Mullins, the 2024 board chair, Houston is poised to lead in energy innovation and sustainability. In 2022, Houston-based energy transition startups saw a significant increase in private financing, signaling robust growth and investor confidence in the region's energy future. The city's strategic initiatives, including partnerships with national laboratories and developing the HyVelocity Hub for clean hydrogen production, underscore its commitment to creating a sustainable energy ecosystem. These projects not only foster innovation but are also expected to generate tens of thousands of jobs, reinforcing Houston’s economic resilience. As Houston continues to evolve, it remains at the forefront of the global energy transition, leveraging its rich energy heritage to drive forward new technologies and sustainable practices. This dynamic approach ensures Houston will maintain its status as a vital player in the global energy market while setting a benchmark for others in environmental stewardship and economic development. https://lnkd.in/g6t3apHD

New partnership update from Viridi RNG: We have signed a 20-year offtake agreement with Énergir to supply pipeline-quality RNG at scale. Under the agreement, we will deliver 650,000 gigajoules annually – enough energy to heat over 10,000 homes – from our waste-to-energy assets in Maine, Wisconsin, and New Hampshire. “Viridi Energy is proud to announce our new 20-year agreement with Énergir,” CEO Dan Crouse said. “Énergir has a proven reputation as a leader in decarbonizing North American energy. Combined with Viridi's flexibility in sourcing utility-quality RNG across our growing portfolio of assets, this partnership will help Énergir achieve its sustainability goal of carbon neutrality in the energy it distributes by 2050.” This agreement signifies the first major deal completed through Viridi Energy Marketing and Trading LLC, our newly established commercial arm that makes it easy for buyers to source RNG from any of our waste-to-energy facilities.  Read more about the agreement here: https://lnkd.in/e6iMxhQY

🇬🇧 UK’s Ambitious Gas and Hydrogen Storage Project Gears Up for 2025 Investment Decision 🔋 The UK is making significant strides in energy storage with the Marram Energy Storage Hub (MESH), a transformative project that’s set to secure the nation’s energy future. Here’s why this is a crucial development: 💨 The MESH will provide a reliable supply of both natural gas and green hydrogen, supporting the UK’s journey towards a low-carbon economy. 🏞️ With salt cavern storage as a cornerstone, this project promises long-term energy resilience. ⚡ The initiative works hand in hand with other energy storage technologies like Battery Energy Storage Systems (BESS), creating a robust and flexible grid. The Final Investment Decision (FID) in 2025 will mark a pivotal moment for the UK’s energy landscape. 🔗 Learn more about this game-changing project: https://lnkd.in/eZpkxXX8 #HydrogenStorage #EnergyInnovation #NetZero #SustainableEnergy #UKEnergy #MESH #CleanEnergy

🔋 Coal-Free UK Boosts Battery Energy Storage Revenues! ⚡ Gresham House Energy Storage Fund (GRID) has reported a significant rise in battery storage revenues following the decommissioning of the UK's final coal plant. This move has helped improve system pricing, boosting GRID's Q3 revenues to £11.7 million, with October marking its best month in 2024. 🚀 Key Highlights: 🔋Increased Revenues: Revenue rates rose to £59k/MW/yr (up from £49k/MW/yr earlier in the year). 🔋UK Leadership: The UK is now the first G7 nation to go completely coal-free, paving the way for clean energy growth. 🔋Market Outlook: Scarcity pricing is returning during periods of low renewable output, driving higher peak electricity prices and improved trading spreads. Fund manager Ben Guest emphasized GRID’s strong positioning to outperform 2023 revenues, supported by nearly doubled operational capacity by year-end. This marks a pivotal moment for the UK’s energy transition! 🌍 #BatteryStorage #RenewableEnergy #EnergyTransition #CleanEnergy #NetZero #CoalFreeUK #BESS #SustainableFuture

🔋 Coal-Free UK Boosts Battery Energy Storage Revenues! ⚡ Gresham House Energy Storage Fund (GRID) has reported a significant rise in battery storage revenues following the decommissioning of the UK's final coal plant. This move has helped improve system pricing, boosting GRID's Q3 revenues to £11.7 million, with October marking its best month in 2024. 🚀 Key Highlights: 🔋Increased Revenues: Revenue rates rose to £59k/MW/yr (up from £49k/MW/yr earlier in the year). 🔋UK Leadership: The UK is now the first G7 nation to go completely coal-free, paving the way for clean energy growth. 🔋Market Outlook: Scarcity pricing is returning during periods of low renewable output, driving higher peak electricity prices and improved trading spreads. Fund manager Ben Guest emphasized GRID’s strong positioning to outperform 2023 revenues, supported by nearly doubled operational capacity by year-end. This marks a pivotal moment for the UK’s energy transition! 🌍 #BatteryStorage #RenewableEnergy #EnergyTransition #CleanEnergy #NetZero #CoalFreeUK #BESS #SustainableFuture

Marine Energy Council (MEC) announces partners to help make UK world leader in marine energy UK Marine Energy Council, established in 2018, has been instrumental in improving the investment landscape for marine energy in the UK. This includes securing three successive tidal stream ringfences and raising the profile of wave energy’s role in the future energy mix. The MEC has undergone an exciting period of growth, with members joining from across the world working to realise marine energy’s potential. To support the organisation increasing its activity the MEC introduced a Lead Partnership model for 2024/25. MEC’s Lead Partners are the industry leaders in tidal stream and wave energy, representing the most innovative companies and organisations working at the forefront of realising the UK’s 30 GW+ of marine energy potential. Read the full story here: https://lnkd.in/edG8iTNQ EMEC: European Marine Energy Centre Leask Marine Ltd Nova Innovation Minesto Offshore Renewable Energy Catapult Scottish Renewables Wave Energy Scotland

Alternus Clean Energy Announces Agreement to Acquire 80 MWp Operating Portfolio in the U.S. Alternus Clean Energy, Inc., a prominent transatlantic clean energy independent power producer (IPP), has revealed the signing of definitive agreements with a U.S.-based fund to acquire over 80 MWp of operating portfolio spanning across the United States. The portfolio, comprising 33 projects distributed across eight states, showcases geographical diversification within the U.S. market. With significant long-term agreements averaging over 12 years remaining, involving 16 different counterparties, including esteemed entities like Duke Energy, the portfolio ensures financial stability and predictability of revenue streams. The acquisition, valued at approximately $60 million including existing project debt, is targeted for completion by the end […] Read the full story here: https://lnkd.in/dKm4mq_n #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #alternuscleanenergy #america #ipp #northamerica #renewableenergy

@Energy Vault is on fire! I was just using it as an example in a post earlier today, as an example of gravity storage. When I looked up their recent activity, I was blown away. Since China finished Vault's first commercial plant they have been signing contracts left, right & centre. It's amazing to see them progress so quickly. But really, what else could you expect from such a simple & elegant (somewhat- get some artists in there, lol), immediately understandable storage system? The first instant I saw their concept I knew it was going to be a winner. But the speed is so beautiful to see. More power to Energy Vault please!!! All around the world! Just a few examples: https://lnkd.in/gi2FfRty Energy Vault has concurrently reached final investment decision (FID) for the project, a 57MW/114MWh battery energy storage system (BESS) called Cross Trails, located in Scurry County, Texas. Construction will start in Q1 2025 for commercial operation in summer. https://lnkd.in/gTYj-7RQ Gravitricity has signed an agreement with US firm IEA Infrastructure Construction to seek funds for projects in the US from the Bipartisan Infrastructure Bill which provided US$450 million for clean energy projects at mining sites. The company plans to fund up to five projects at current and former mines. https://lnkd.in/gGAFazUW Energy Vault Expands Global Footprint for Gravity Energy Storage with 10 Year License and Royalty Agreement Covering Southern Africa https://lnkd.in/g9EcjTRk Energy Vault wins EPC contract for 275-MWh battery in California https://lnkd.in/gu-hfr54 ACEN Australia and Energy Vault to begin deployment of two battery energy storage systems (BESS), with a total capacity of 200 MW/400 MWh, at ACEN Australia's 720 MW New England Solar project https://lnkd.in/gXNBEwMq I could go on & on. It's a very long list. Easy to duplicate this idea, spead it around the world!! Wowza!! #cleantechheroes #greentechlegends #Greentech Steven Guilbeault Catherine McKenna

Company news: we have entered an agreement with Statera Energy for Statera to acquire the rights to build a 680MW battery energy storage system (BESS) project at our Trafford Low Carbon Energy Park in Greater Manchester. The 12-hectare Trafford Low Carbon Energy Park is a brownfield site located eight miles southwest of Manchester.  It was until 1991 the site of the Carrington coal-fired power station. Under our stewardship, the site has seen the construction of a flexible gas-fired power station (in operation since 2016 and owned by ESB) and an agreement is in place for Highview Power to build a £300m liquid air energy storage (LAES) project. In addition, Carlton Power has plans to build a green hydrogen production facility at Trafford. The first phase of the Trafford Green Hydrogen facility – a 15MW scheme - has secured a financial support contract from the Department for Energy Security and Net Zero and is targeted to enter operation within the next two years. Keith Clarke, Carlton Power’s CEO, said: “Trafford Park is becoming a beacon for low carbon energy in the North West, helping to strengthen the security and resilience of the energy system in the region and further support the region’s energy transition. The investment in the Trafford Low Carbon Energy Park over the next 2-5 five years demonstrates our long-term vision and commitment to the Trafford site. And we are actively exploring further options to fully realise the strategic benefits of the Trafford facility.” https://lnkd.in/d6n9m4YW

#EnergyVault is taking a moving forward in the energy storage sector by evolving beyond just a technology provider and stepping into project ownership and financing models. In a recent article by Alexander Pertus, this strategic shift was described as reinforcing our position as a leader in the global energy transition. This pivot is designed to enhance our operational reach, optimize financial performance, and unlock new growth opportunities in the evolving energy market. Our strategic focus includes owning select U.S. energy storage projects, starting with the Calistoga Resiliency Center, one of the largest ultra-long-duration energy storage systems in the world. This project, established under a long-term agreement with Pacific Gas and Electric Company (PG&E), showcases our commitment to deploying real-world, scalable solutions. This shift positions Energy Vault as a key player, not just in energy storage technology but also in the larger energy infrastructure landscape. By controlling the full project lifecycle—from development to operation—we are setting a new standard for how energy storage projects can be integrated into a cleaner, more resilient grid. Our ventures into green hydrogen and project ownership are just the beginning of what promises to be an exciting journey toward a sustainable energy future. Energy Vault is not just participating in the energy transition—we’re leading it. Stay tuned for more exciting updates as we continue to innovate and transform the future of energy storage. Read more ReportLinker: https://lnkd.in/eHHH9HE3 #EnergyStorage #GreenHydrogen #ProjectOwnership #FinancialInnovation #Sustainability #RenewableEnergy #CapitalEfficiency #NRGV